Surge Copper Resumes Drilling at Ootsa and Expands Drill Program
Surge Copper Corp.
PO Box 10351
888-700 West Georgia Street
Vancouver, BC, V7Y 1G5
t: +1 604 718 5454
Surge Copper Resumes Drilling at Ootsa and Expands Drill Program
January 11, 2021, Vancouver, British Columbia – Surge Copper Corp. (TSXV:SURG)
(“Surge” or the “Company”) is pleased to announce that drilling has resumed at the
Company’s 100% owned Ootsa project in British Columbia after a planned holiday break,
and a minimum 5,000 metres of additional drilling has been added to the winter program
for a total of at least 15,000 metres. Sur ge remains well funded with approximately $6.3
million in the treasury.
Highlights
The current drill program at Oots a has been expanded by a minimum of 5,000
metres, with additional drilling to focu s on expanding resources at the West Seel
deposit, where recent results from hole S20-219 delivered the longest continuously
mineralized hole in the history of the Ootsa project, intersecting 0.42% CuEq1 over
1,013 metres from bedrock surface, ending in mineralization, and including 0.60%
CuEq over 422 metres
Assays are pending on six completed holes, plus the bottom portion of hole S20-
218 which targeted a chargeability anomaly in the footwall of the East Fault
adjacent to the East Seel deposit
Permitting procedures initiated for access and infrastructure upgrade work on the
Berg project in advance of Surge’s maiden exploration program to commence later
in 2021
Leif Nilsson, Chief Executive Officer, commented: “ Exploration activity at the Ootsa
project was reactivated in October 2020 with an initial 10,000 metre program designed to
both expand the limits of know n resources and to test multiple new geophysical targets
along the Seel Trend. Given the quality of the initial results, we are excited to now be
expanding this investment program and eagerly await additional results on target drilling.”
Ootsa Exploration Program Update
There are currently two dril ls operating at the Ootsa project focused on expanding the
large copper-gold-molybdenum-silver resource at the West Seel deposit and testing
exploration targets along the Seel Trend. The current drill pr ogram commenced in
October 2020, and to date 7,750 metres of core has been drilled with eight holes
completed and two additional holes in progress. All drill core has been logged, sampled,
and sent for assay. Assay results for t he top of hole S20-218 and the entire hole S20-
219 have been received and released (see news releases dated November 26, 2020 and
December 14, 2020). The results for all other holes are pending.
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Figure 1. Plan map of drill hole locations for ongoing drill program at Ootsa.
Key results received to date:
Hole S20-218 was drilled at the East Seel deposit and returned 176.1 metres
grading 0.72% copper equivalent (0.35% copper, 0.4 g/t gold, 1.7 g/t silver).
Hole S20-219 was drilled at the West Seel deposit and returned 422 metres
grading 0.60% copper equivalent (0.2 5% copper, 0.20 g/ t gold, 0.042%
molybdenum, 3.3 g/t silver) within 1,013 metres grading 0.42% copper equivalent
(0.20% copper, 0.13 g/t gold, 0.025% molybdenum, 2.9 g/t silver).
Based on the strong drilling results to date the Company has expanded the original 10,000
metre drill program at Ootsa to a minimum of 15,000 metres to allow the Company to drill
through the winter and conduct sufficient drilling to define the extent of the large West
Seel deposit. The budget for the additional 5, 000 metres is expected to be less than $1
million.
Berg Project Update
The Company is preparing reports and seeking final permissions to allow rehabilitation of
the historic access road to the Berg deposit area. Pending approval, work on the road is
anticipated to begin in July followed by a drilling program focused on defining and
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expanding the high-grade, near-surface copper zones at Berg. Additional geophysics may
be planned after further review of historic al information and could be integrated with a
regional program covering both Ootsa and Berg.
Qualified Person
Dr. Shane Ebert P.Geo., is t he Qualified Person for the Ootsa project as defined by
National Instrument 43-101 and has approved the technical disclosure contained in this
news release.
About Surge Copper Corp.
The Company owns a 100% interest in the 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, owned by Imperial Metals. The Ootsa
property contains pit constrained NI 43- 101 compliant resources of copper, gold,
molybdenum and silver in the Measured and Indicated categor ies. There are 2 drills
working at the project with drilling focused on defining the extent of the large West Seel
deposit and testing new targets along the Seel Trend.
The Company is also earning into a 70% interest in the Berg property from Centerra Gold.
Berg is a large, advanced stage exploration project located 28 km northwest of the Ootsa
deposits. Berg contains a large coppe r-molybdenum-silver mineralized zone with
historical resources. Combined, the adjac ent Ootsa and Berg properties give Surge a
dominant land position in the Ootsa-Huckleberry-Berg district and control over four
advanced porphyry deposits.
On Behalf of the Board of Directors
“Leif Nilsson”
Chief Executive Officer
For Further information, please contact:
Telephone: +1 604 416 2978 or +1 604 558 5847
http://www.surgecopper.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of t he TSX Venture Exchange) acce pts responsibility for the
adequacy or accuracy of this release.
This News Release contains forward-looking statements, which relate to future events. In
some cases, you can identify forward-looking statements by terminology such as "will",
"may", "should", "expects", "plans", or "anticipates" or the negative of these terms or other
comparable terminology. All statements included herein, other than st atements of
historical fact, are forward looking statements, including but not limited to the Company’s
plans regarding the Berg Property and the Oots a Property. These statements are only
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predictions and involve known and unknown risks, uncertainties and other factors that
may cause the Company’s actual results, level of activity, performance or achievements
to be materially different from any future results, levels of activity, performance, or
achievements expressed or implied by these forward-looking-statements. Such
uncertainties and risks may include, among ot hers, actual results of the Company's
exploration activities being different t han those expected by management, delays in
obtaining or failure to obtain required gove rnment or other r egulatory approvals or
financing, inability to proc ure equipment and supplies in sufficient quantities and on a
timely basis, equipment breakdown and bad w eather. While these forward-looking
statements, and any assumptions upon which they are based, are made in good faith and
reflect the Company's current judgment regardi ng the direction of its business, actual
results will almost always vary, sometimes ma terially, from any estimates, predictions,
projections, assumptions or other future performance s uggestions herein. Except as
required by applicable law, the Company do es not intend to update any forward-looking
statements to conform these statements to actual results.
1) Copper equivalent (“CuEq”) has been used to ex press the combined, gross in-situ content of
copper, gold, molybdenum, and silver with no adjus tments made for recovery. It is provided for
illustrative purposes only, and is calculated using the following pricing assumptions: US$3.00/lb
copper, US$1,800/oz gold, US$10/lb molybdenum, and US$22/oz silver.