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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

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PR Newswire

Assays for 16 Holes Pending

VANCOUVER, BC, March 24, 2021 /PRNewswire/ - Surge Copper Corp. (TSXV: SURG) ("Surge" or the "Company") is pleased to announce assay 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 equivalent1 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 potential to the southeast with a 585 meter vertical zone of continuous mineralization, containing above deposit-average grades
  • Hole S21-228 ended in strong mineralization, leaving 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 encountered a large, continuous zone of strong mineralization over 585 metres, ending in strong mineralization hosted within the deep West Seel intrusive. This intercept extends known mineralization up to 175 metres to the southeast in the lower portions of the 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 depth and laterally to the southeast. Mineralization in the hole occurs both within a large intrusion that contains potassic alteration and strong quartz veining, and in volcanic, sedimentary, and intrusive rocks overlying the intrusion. The projection of this mineralized 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 May to early June following spring breakup and snow melt in the area.

Holes S20-226 and S21-228 - West Seel Deposit

Holes S20-226 and 228 both tested the West Seel deposit. 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.


ARIVA.DE Börsen-Geflüster

Hole S20-228 was a vertical hole drilled on the southeast 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 with the deposit remaining open for further expansion over a vertical interval exceeding 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 Holes S20-226 and S20-228

Drill
Hole

From
(m)

To (m)

Width
(m)1

CuEq
(%)2

Cu (%)

Au
(g/t)

Mo (%)

Ag
(g/t)

S20-226

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 widths have not been determined. EOH = End of hole

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. 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).

 

Figure 1. West Seel Cross Section C-C’ showing results for Hole S21-228. See Figure 2 for section location. (CNW Group/Surge Copper Corp.)

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 dip 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.

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