Surge Copper Intersects New GOLD Zone at Ootsa
S U R G E
C O P P E R C O R P
SURGE COPPER INTERSECTS NEW GOLD ZONE AT OOTSA
November 20, 2018: Vancouver, British Columbia: Surge Copper Corp. (the “Company”) (SURG:
TSX-V) is pleased to announce drilling east of the East Seel deposit has intersected gold
mineralization along a large extensional fault zone on the Ootsa Property. The Ootsa Property
is an advanced stage copper -gold exploration project containing the East Seel, West Seel , and
Ox porphyry deposits, and is located adjacent to the Huckleberry Copper Mine in British
Columbia.
HIGHLIGHTS
Hole S18-217 intersected 9.4 g/t Au over 2 metres at 130 metres depth.
Gold mineralization is hosted in an extensional fault zone which has an inferred strike
length exceeding 3 kilometres.
Mineralized porphyry dikes and widespread alteration in the footwall of the
extensional fault suggests the new zone has good discovery potential for porphyry
style Cu-Au mineralization.
Drill Results
Assay results have been received for hole s S18-216 and 217 which tested the north trending
Damascus Horst structure (uplifted fault block) located between the East Seel and Damascus
deposits. The Damascus Horst can be traced for over 3 kilometres across the Ootsa Property
and is bound by extensional faults, with the West Damascus Fault defining the west boundary
of the horst structure, and the East Damascus Fault defining the east boundary.
High grade gold mineralization has been intersected along the West Damascus Fault in hole
S18-217, which returned 9.4 g/t Au over 2 metres a t 130 metres depth. Hole S18 -216 also
intersected the West Damascus Fault roughly 150 metres down dip from Hole S18 -217,
returning 0.6 g/t Au over 2 metres. A cross section showing holes S18 -216 and 217 is available
here. A drill hole location map is available in the map gallery on our website at
www.surgecopper.com. High grade silver vein mineralization at the Damascus zone is located
900 metres east of hole S18 -217, on the east side of the horst structure associated with the
East Damascus Fault.
Holes S18-216 and 217 also intersected zones of anomalous copper and gold mineralizatio n in
the footwall of the West Damascus Fault within the Damascus Horst. Mineralization is
associated with narrow zones of altered porphyritic intrusive rock and includes 6 metres
grading 0.26% Cu and 0.15 g/t Au from 280 to 286 metres in hole S18-216 and 6 metres grading
0.34% Cu and 0.16 g/t Au from 152 to 158 metres in hole S18-217. The presence of mineralized
intrusive dikes combined with widespread alteration through the zone supports the Company’s
exploration model suggesting a larger mineralized body could occur in the area.
Summary of select drill intercepts – Holes S18-216 and 217
*Width refers to drill hole intercepts, true widths have not been determined.
Dr. Shane Ebert President of Surge commented, “New information from 2018 drilling combined
with extensive historic data is helping the Company refine its geologic understanding and
exploration models for the Ootsa district. We are very pleased to see the extensional faults
bounding the Damascus Horst showing potential for high grade gold on the west side and for
high grade silver on the east side, as this opens up new exploration opportunities for the
district. Follow up drilling will be required to evaluate the significance and size potential of the
high-grade gold zone identified in hole S18 -217, but it remains a large and well -defined
exploration target. 2018 is the first time Surge Copper has drilled into the Damascus Horst, and
the discovery of narrow altered porphyry dikes containing copper and gold mineralization
demonstrates the area is prospective for porphyry style copper -gold mineralization. 2018 has
seen another highly successful exploration program at Ootsa , with the discovery of a new high-
grade copper zone in holes S18 -212 and S18 -214, the identification of high-grade gold and
porphyry Cu -Au potential at the Damascus Horst, and the discovery by pro specting of a new
unexplored mineralized porphyry at the Ravine Zone. The continued exp loration success at
Ootsa is a testament to the excellent potential of this under explored district.”
About Surge Copper Corp.
The Company owns a 100% interest in t he Ootsa Property, an advanced stage exploration
project containing the East Seel, West Seel and Ox porphyry deposits located adjacent to the
open pit Huckleberry Copper Mine. The property contains NI 43 -101 compliant resources of
224 million tonnes in the Measured and Indicated categories with contained metals of 1.1
billion pounds of copper , 1 million ounces of gold , and 20 million ounces of silver as
summarized in the table below.
On February 9, 2016, the Company announced a positive Preliminary Ec onomic Assessment
(PEA) for the Ootsa Property with potential for low capital cost, low risk and rapid pay back
utilizing existing infrastructure in the district with a contract mining and toll milling scenario.
The study recommends the Company continue to advance the Ootsa Project with extended and
advanced technical studies with the intention of moving the project toward a production
decision.
Drill Hole From (m) To (m) Width (m)* Cu % Au g/t Ag g/t
S18-216 280.0 286.0 6.0 0.26 0.15 0.87
S18-216 306.0 318.0 12.0 0.12 0.23 3.42
S18-217 130.0 132.0 2.0 - 9.4 1.90
S18-217 152.0 158.0 6.0 0.34 0.16 1.83
S18-217 296.0 298.0 2.0 0.42 0.11 10.4
Ootsa Project Pit Constrained Mineral Resource Estimate at $8.50/t NSR Cut-off Value
Category Tonnes
(‘000’s)
CuEq
%
Cu
%
Au
g/t
Mo
%
Ag
g/t
CuEq
M lbs
Cu
M lbs
Au
K oz
Mo
M lbs
Ag
K oz
Measured 187,148 0.38 0.23 0.15 0.021 2.8 1,568 934 916 85 17,089
Indicated 37,041 0.35 0.21 0.12 0.023 2.8 286 175 146 19 3,368
M&I 224,189 0.37 0.22 0.15 0.021 2.8 1,854 1,109 1,062 104 20,457
The current technical report supporting the resource statement and PEA is available on SEDAR or the Company’s website at
www.surgecopper.com and has an effective date of January 2016. The resource estimate uses $8.50 per tonne NSR cut -off
value. Mineral resources are not mineral reserves and by definition do not demonstrate economic viability. There is no certa inty
that all or any part of th e mineral resource will be converted into mineral reserves. A ‘ Measured Mineral Resource’ is that part
of a mineral resource for which quantity, grade or quality, densities, shape and physical characteristics are so well establi shed
that they can be estim ated with confidence sufficient to allow the appropriate application of technical and economic
parameters, to support production planning and evaluation of the economic viability of the deposit. An ‘Indicated Mineral
Resource’ is that part of a Mineral R esource for which quantity, grade or quality, densities, shape and physical characteristics
can be estimated with a level of confidence sufficient to allow the appropriate application of technical and economic
parameters, to support mine planning and evalu ation of the economic viability of the deposit. Copper Equivalent (CuEq)
calculations are based on base case metal price (US$3/lb Cu, US$1260/oz Au, US$10.30/lb Mo, and US$17/oz Ag) and process
recovery assumptions, and take into account smelter payable r ates and refining costs. M&I = measured and indicated. The
resource update and Preliminary Economic Assessment was completed by P&E Mining Consultants Inc. in accordance with
National Instrument 43-101 Standards of Disclosure for Mineral Projects.
Quality Control
All drill core is logged, photographed, and cut in half with a diamond saw. Half of the core is
sealed in plastic bags and sent to Activation Laboratories Ltd. in Kamloops British Columbia for
analysis (which is ISO/IEC 17025 accredited), while the other half is archived and stored on site
for verification and reference purposes. Gold is assayed using a 30g fire assay method and 37
additional elements are analyzed by Induced Coupled Plasma (ICP) utilizing a 4 -acid digestion.
Duplicate s amples, blanks, and certified standards are included with every sample batch and
then checked to ensure proper quality assurance and quality control.
Dr. Shane Ebert P.Geo. , is the Qualified Person for the Ootsa project as defined by National
Instrument 43-101 and has approved the technical disclosure contained in this news release.
ON BEHALF OF THE BOARD OF DIRECTORS
“Shane Ebert”
President and Chief Executive Officer
For Further information, please contact:
Telephone: 604-718-5454
Toll Free: 888-500-4587
http://www.surgecopper.com
Or
Don Mosher
Corporate Development
Telephone: 604-685-6465
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