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2021-11-04

Surge Copper Intersects 296 metres of 0.53% CuEq including 66 metres of 0.75% CuEq in Infill and Step Out Drilling at the Ootsa Property

VANCOUVER, British Columbia, Nov. 04, 2021 (GLOBE NEWSWIRE) -- Surge Copper Corp. (TSXV: SURG) (OTCQX: SRGXF) (Frankfurt: G6D2) (“Surge” or the “Company”) is pleased to announce assay results for multiple resource definition holes from the Company’s 100% owned Ootsa Property in British Columbia.

Highlights

  • Hole S21-264 was targeting extensions of mineralization into the Gap Zone connecting West and East Seel. This 60-degree angled hole intersected 296 metres grading 0.53% copper equivalent from a downhole depth of 448 metres including 66 metres grading 0.75% copper equivalent
  • Hole S21-267 was targeting the northern limits of the East Seel deposit and intersected 305 metres grading 0.46% copper equivalent from a downhole depth of 52 metres, and included 20 metres grading 1.04% copper equivalent
  • Drilling at the Far East Target, located 300 metres northeast of the East Seel deposit, has expanded a modest zone of near surface mineralization that remains open to the east

Assay results have been received for holes S21-262, 264, 267, and 269, with significant assay results summarized in the table below. Holes S21-262 and 264 tested the southwestern margin of the East Seel deposit and the area between the East and West Seel deposits known as the Gap Zone, and have defined a large mineralized zone at depth in that area. Hole S21-267 tested the northeast edge of the East Seel deposit and hole S21-269 expanded a modest zone of near surface mineralization 300 metres northeast of East Seel at the Far East Target.

East Seel and Gap Zone Drilling

Hole S21-267 tested the northeast margin of the East Seel deposit and ended within known East Seel mineralization. The hole successfully expanded near surface mineralization on the northeast margin of East Seel, returning 0.46% copper equivalent over 305 metres including 0.57% copper equivalent over 106 metres and 1.04% copper equivalent over 20 metres.

Holes S21-262 and 264 were collared on the west side of the East Seel deposit and drilled toward the southwest testing the Gap Zone. Both holes help to expand and define a zone of near surface low grade mineralization at the Gap Zone, and a larger zone of deeper mineralization that remains open at depth.

Far East Target Drilling

Hole S21-269 was a 100 metre step out to the northeast of the Far East Target and expanded a modest zone of near surface mineralization located 100 to 300 metres northeast of the East Seel deposit. Hole S21-269 successfully expanded the Far East Target 100 metres to the northeast returning 90 metres grading 0.28% copper equivalent starting below gravel cover at 34 metres depth.

A Media Snippet accompanying this announcement is available by clicking on the image or link below:

Plan map of drill hole locations for 2021 Ootsa summer and fall drill program.

Summary of Assay Results for Selected Holes
Drill HoleFrom (m)To (m)Width (m)1CuEq (%)2Cu (%)Au (g/t)Mo (%)Ag (g/t)
S21-2624064240.300.140.080.0260.9
S21-26274118440.240.120.050.0181.1
S21-262392406
Författare GlobeNewswire