Surge Copper Significantly Expands West Seel with Step Out Hole Intersecting 585 Metres Grading 0.57% Copper Equivalent Including 164 Metres Grading 0.68% Copper Equivalent Assays for 16 Holes Pending
Surge Copper Corp.
PO Box 10351
888-700 West Georgia Street
Vancouver, BC, V7Y 1G5
t: +1 604 718 5454
Surge Copper Significantly Expands West Seel with Step Out Hole Intersecting
585 Metres Grading 0.57% Copper Equivalent
Including 164 Metres Grading 0.68% Copper Equivalent
Assays for 16 Holes Pending
March 24, 2021, Vancouver, British Columbia – Surge Copper Corp. (TSXV:SURG)
(“Surge” or the “Company”) is pleased to announce a ssay results for multiple resource
definition and exploration holes from the Company’s 100% owned Ootsa Property in
British Columbia.
Highlights
Hole S21-228 intersected 585 metres grading 0.57% copper equivalent 1 with the
zone remaining open at depth
Hole S21-228 includes multiple higher-grade zones such as 0.99% copper
equivalent over 16 metres and 0.76% copper equivalent over 44 metres
Hole S21-228 opens up significant expansion potent ial to the southeast with a 585
meter vertical zone of continuous mineralization, c ontaining above deposit-
average grades
Hole S21-228 ended in strong mineralization, leavi ng the deposit fully open at
depth and to the southeast
Dr. Shane Ebert, VP Exploration, commented: “ Hole S21-228 is a vertical step out hole
on the southeastern side of West Seel. The hole enc ountered a large, continuous zone
of strong mineralization over 585 metres, ending in strong mineralization hosted within
the deep West Seel intrusive. This intercept extend s known mineralization up to 175
metres to the southeast in the lower portions of th e deposit and represents the deepest
zone of continuous strong mineralization encountered to date at West Seel, significantly
opening the deposit for further expansion both at d epth and laterally to the southeast.
Mineralization in the hole occurs both within a lar ge intrusion that contains potassic
alteration and strong quartz veining, and in volcan ic, sedimentary, and intrusive rocks
overlying the intrusion. The projection of this min eralized contact and intrusion to the
northwest and southeast provides the company with a very large and compelling
exploration target. Pending results from holes S21-231, S21-233, and S21-239 will help
understand the expansion potential of West Seel in these directions. Further stepouts to
the southeast in this area will be a priority when drilling resumes in the summer.”
The winter 2021 drill program at Ootsa has been completed with 20,028 metres drilled in
27 holes. Drilling is scheduled to resume in late M ay to early June following spring
breakup and snow melt in the area.
Surge Copper Corp. 2
Holes S20-226 and S21-228 - West Seel Deposit
Holes S20-226 and 228 both tested the West Seel dep osit. Hole S20-226 was drilled at
an azimuth of 208, a dip of -50 degrees, to a total depth of 959.4 metres. The hole helps
to define the limit of West Seel mineralization to the southwest, returning mineralization
from 3 metres depth grading 0.56% copper equivalent over 13 metres, along with 0.36%
copper equivalent over 120 metres from 342 metres depth.
Hole S20-228 was a vertical hole drilled on the sou theast side of the West Seel deposit
to a depth of 795 metres. The hole is shown on Figure 1 and has successfully expanded
the West Seel Deposit 175 metres to the southeast w ith the deposit remaining open for
further expansion over a vertical interval exceedin g 500 metres. Hole S20-228 returned
0.57% copper equivalent over 585 metres from 210 metres depth, including 0.68% copper
equivalent over 164 metres from 272 metres depth. Mineralization is interpreted to extend
laterally above and along the upper contact of the West Seel intrusion, a deep and
potentially large intrusive body containing potassic alteration and veining.
Summary of Assay Results for Hole s S20 -22 6 and S20 -22 8
Drill
Hole
From
(m)
To (m) Width
(m) 1
CuEq
(%) 2
Cu (%) Au
(g/t)
Mo (%) Ag
(g/t)
S20 -22 6 3.0 16.0 13.0 0.56 0.22 0.20 0.017 10.2
S20 -226 342.0 462.0 120.0 0.36 0.19 0.08 0.022 2.5
S21 -228 172.0 184.0 12.0 0.46 0.24 0.20 0.011 1.3
S21-228 210.0 795.0
EOH
585.0 0.57 0.25 0.25 0.023 2.2
including 272.0 436.0 164.0 0.68 0.29 0.30 0.029 2.9
including 516.0 564.0 48.0 0.68 0.30 0.31 0.021 3.5
including 726.0 770.0 44.0 0.76 0.35 0.26 0.047 2.5
including 732.0 748.0 16.0 0.99 0.43 0.32 0.074 3.2
1. Width refers to drill hole intercepts; true widt hs have not been determined. EOH = End of hole.
2. CuEq (copper equivalent) has been used to expres s the combined value of copper, gold, molybdenum, and
silver as a percentage of copper, and is provided for illustrative purposes only. No allowances have been
made for recovery losses that may occur should mining eventually result. Calculations use metal prices of
US$3.00/lb copper, US$1,800/oz gold, US$10/lb molybdenum, and US$22/oz silver, using the formula
CuEq % = Cu % + (Au g/t x 0.875) + (Mo % x 3.33) + (Ag g/t x 0.0107).
Surge Copper Corp. 3
Figure 1. West Seel Cross Section C-C’ showing results for Hole S21-228. See
Figure 2 for section location.
Holes S20-225 and S20-227 – West Geophysical Target
Holes S20-225 and 227 both tested the West Geophysical target near the southwest edge
of the West Seel deposit. Hole S20-225 was drilled at an azimuth of 225, a dip of -60
degrees, to a total depth of 620.2 metres. Hole S20 -227 was drilled from the same
location as hole S20-225 at an azimuth of 135, a di p of -60 degrees, to a total depth of
936.3 metres. Hole S20-227 intersected a 110 metre zone of anomalous porphyry style
mineralization containing 0.1% copper, 0.03 g/t Au, and 0.007% molybdenum, with no
other significant zones of mineralization intersected in either hole.
Surge Copper Corp. 4
Holes S20-222 and S20-223 – East Geophysical Target
Holes S20-222 and 223 tested the East Geophysical target located 800 metres northeast
of the East Seel Deposit. Hole S20-222 was drilled at an azimuth of 95, a dip of -58
degrees, to a total depth of 642 metres. Hole S20-2 23 was located 380 metres north of
hole S20-222 and was drilled at an azimuth of 100, a dip of -60 degrees, to a total depth
of 708 metres. The holes did not encounter any inte rvals of significant porphyry style
mineralization but did intersect zones of sericite and clay alteration showing gold potential.
Hole S20-222 returned a high-grade gold intercept o f 8.54 g/t over 2 metres from 50
metres depth. This high grade occurs within a larger zone of anomalous gold grading 0.19
g/t gold over 38 metres from 40 to 78 metres depth (averaged with the high grade capped
at 2 g/t).
Hole S18-217 (drilled in 2018), located 250 metres south of hole S20-222, also hit a high-
grade gold interval grading 9.40 g/t Au over 2 metr es from 130 metres depth. There is
potential for the high grade in holes S20-222 and S18-217 to be part of a larger high grade
gold vein target controlled by a north-south trending extensional fault zone. Hole S20-221,
drilled between holes S18-217 and S20-222, did not test this target as the hole
encountered 90 metres of cover before hitting bedrock.
Wide spaced drilling conducted to date at the East Geophysical target shows increasing
alteration and intrusive activity toward the south end of the anomaly which remains largely
untested and warrants additional drill testing.
Drill Program Update
The fall 2020 to winter 2021 drilling program has b een completed. During the program
20,028 metres was drilled in 27 holes. Drilling is scheduled to resume in late May to early
June following spring breakup and snow melt in the area. Assay results for 11 holes have
been received and released. A further 16 holes have been completed, processed, and
submitted to the lab for assay with results pending . Figure 2 shows the locations of the
2020-2021 drill holes.
Surge Copper Corp. 5
Figure 2. Plan map of drill hole locations for 2020-2021 Ootsa drill program.
Quality Control
All drill core is logged, photographed, and cut in half with a diamond saw. Half of the core
is bagged 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. Go ld is assayed using a 30g fire assay
method and 37 additional elements are analyzed by I nduced Coupled Plasma (ICP)
utilizing a 4-acid digestion. Duplicate samples, bl anks, and certified standards are
included with every sample batch and then checked t o ensure proper quality assurance
and quality control.
Qualified Person
Dr. Shane Ebert P.Geo., is the Qualified Person for the Ootsa project as defined by
National Instrument 43-101 and has approved the tec hnical disclosure contained in this
news release.
About Surge Copper Corp.
Surge Copper Corp. 6
The Company owns a 100% interest in the Ootsa Prope rty, 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 complia nt resources of copper, gold,
molybdenum and silver in the Measured and Indicated categories.
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 pit constrained 43-101 comp liant resources of copper,
molybdenum, and silver in the Measured and Indicate d categories. Combined, the
adjacent Ootsa and Berg properties give Surge a dom inant 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 the TSX Venture Exchange ) accepts 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 statem ents by terminology such as "will",
"may", "should", "expects", "plans", or "anticipates" or the negative of these terms or other
comparable terminology. All statements included her ein, other than statements of
historical fact, are forward looking statements, including but not limited to the Company’s
plans regarding the Berg Property and the Ootsa Pro perty. These statements are only
predictions and involve known and unknown risks, un certainties 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 others, actual results of the Company's
exploration activities being different than those e xpected by management, delays in
obtaining or failure to obtain required government or other regulatory approvals, the ability
to obtain adequate financing to conduct its planned exploration programs, inability to
procure labour, equipment and supplies in sufficien t quantities and on a timely basis,
equipment breakdown, impacts of the current coronav irus pandemic, and bad weather.
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 regarding the direction
of its business, actual results will almost always vary, sometimes materially, from any
estimates, predictions, projections, assumptions or other future performance suggestions
Surge Copper Corp. 7
herein. Except as required by applicable law, the Company does not intend to update any
forward-looking statements to conform these statements to actual results.
1) Copper equivalent (“CuEq”) has been used to expr ess the combined, gross in-situ content of
copper, gold, molybdenum, and silver with no adjust ments 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.