PR Newswire
VANCOUVER, BC, Feb. 1, 2022
TSX-V Trading Symbol: SURG
OTCQX: SRGXF
Frankfurt Trading Symbol: G6D2
VANCOUVER, BC, Feb. 1, 2022 /PRNewswire/ -- Surge Copper Corp. (TSXV: SURG) (OTCQX: SRGXF) (Frankfurt: G6D2) ("Surge" or the "Company") is pleased to announce complete assay results for 5 holes from the Seel Breccia Zone and 2 regional exploration holes from the Ox Trend at the Company's 100% owned Ootsa Property in British Columbia. The Seel Breccia Zone is located 200 metres north of the East Seel deposit and is known to contain high-grade copper and silver mineralization that extends from surface along a series of steeply dipping brecciated zones. Drilling during the summer 2021 program encountered this style of breccia mineralization in a stepout to the north and west of the known zone, and this release contains the third batch of results from follow-up drilling in this area. The first and second batches of results were released on December 7, 2021 and January 11, 2022 respectively.
Highlights
Assay results have been received for 5 holes from the Seel Breccia Zone including holes S21-299 to 302 and S21-304. Significant results are summarized in the table below. Hole locations and orientations are shown on the drill hole map and select holes are illustrated on the cross section below.
Hole S21-299 was located on the eastern side of the Breccia Zone and intersected 48 metres grading 0.40% copper and 11.1 g/t silver (0.54% copper equivalent) from 94 metres downhole, including 16 metres grading 0.48% copper and 13.1 g/t silver (0.64% copper equivalent), demonstrating the zone remains open on the east side.
Hole S21-300 tested the zone near the western end, 250 metres west of hole S21-299, and returned strong grades, further demonstrating the strike potential of the zone. Hole S21-300 intersected 28 metres grading 0.65% copper and 16.9 g/t silver (0.90% copper equivalent) from 88 metres downhole, including 16 metres grading 0.94% copper and 25.3 g/t silver (1.27% copper equivalent).
Holes S21-301 and 302 intersected the Seel Breccia at depth on the west side and suggest mineralization narrows with depth in this area. Hole S21-304 was collared south of the Seel Breccia and drilled away from the zone testing the hangingwall. The hole intersected 8 metres grading 0.27% copper and 6.3 g/t Ag (0.34% copper equivalent) and demonstrates potenital for additional zones of breccia style mineralization surrounding the main breccia body.
The Seel Breccia is a near-vertical to steeply south-dipping breccia body ranging from 25 to 50 metres wide, extending to depths exceeding 100 metres below surface, and having a known strike length of approximately 300 metres. Smaller parallel and irregular breccia bodies locally surround the main zone. Drilling during the 2021 field season has significantly expanded near-surface high-grade mineralization well beyond the zone of historical drilling, and the area is being evaluated for its potential as a high-grade starter pit.
Results are pending from 13 additional holes testing the Seel Breccia Zone. An additional nine core holes are also pending from the Company's 2021 Berg drill program.
Summary of Assay Results for Selected Holes | ||||||||
Drill | From (m) | To (m) | Width (m)1 | CuEq (%)2 | Cu (%) | Au (g/t) | Ag (g/t) | |
S21-299 | 94 | 142 | 48 | 0.54 | 0.40 | 0.03 | 11.1 | |
including | 94 | 110 | 16 | 0.64 | 0.48 | 0.03 | 13.1 | |
S21-300 | 88 | 116 | 28 | 0.90 | 0.65 | 0.09 | 16.9 | |
including | 90 | 106 | 16 | 1.27 | 0.94 | 0.07 | 25.3 | |
S21-301 | 200 | 204 | 4 | 1.17 | 0.64 | 0.47 | 11.0 | |
S21-302 | 152 | 154 | 2 | 0.50 | 0.36 | 0.01 | 12.8 | |
S21-304 | 122 | 130 | 8 | 0.34 | 0.27 | 0.01 | 6.3 | |
1. Width refers to drill hole intercepts; true widths have not been determined. 2. CuEq (copper equivalent) has been used to express the combined value of copper, gold, molybdenum, and silver as a percentage of copper, and is provided for illustrative purposes only and to provide ease of comparison. 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). | |
Regional Exploration
Holes Ox21-279 and Ox21-292 were exploration holes targeting geophysical and geochemical targets along the Ox Trend, a zone of chargeability highs and known alteration that extends 7 kilometres in an east-west direction centred on the Ox deposit. Hole Ox21-279 was collared roughly 1 kilometre west of the Ox deposit and drilled at an azimuth of 205 degrees, a dip of -50 degrees, to a total depth of 681 metres. Hole Ox21-292 was collared 2.4 kilometres west of the Ox deposit and was drilled at an azimuth of 230 degrees, a dip of -50 degrees, to a total depth of 534 metres. Both holes encountered zones of alteration and localized zones with elevated precious metal values as summarized in the table below.
Drill | From | To (m) | Width | Au (g/t) | Ag (g/t) | Cu (%) |
Ox21-279 | 400 | 404 | 4 | 0.24 | 33.9 | 0.03 |
Ox21-292 | 4 | 8 | 4 | 0.20 Werbung Mehr Nachrichten zur SYNERGETICS USD INC. Aktie kostenlos abonnieren
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