SURGE COPPER INTERSECTS 484 METRES OF 0.42% CUEQ AT WEST SEEL, INCLUDING 70 METRES OF 0.63% CUEQ FROM 46 METRES DEPTH

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Algemeen advies 24/02/2021 18:12
February 24, 2021, Vancouver, British Columbia – 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.

A 15,000-metre drill program is currently underway along the Seel Trend at Ootsa. One drill is focused on testing the expansion and near-deposit exploration potential at the West and East Seel porphyry Cu-Au-Mo-Ag deposits, and the second is testing new exploration targets. Assays for 15 holes are pending and will be released regularly as they are received and interpreted.

Highlights

Hole S20-220 successfully traced higher-grade mineralization at West Seel to near-surface, highlighted by 70.0 metres of 0.63% CuEq1 (0.26% copper, 0.26 g/t gold, 0.019% molybdenum, 7.1 g/t silver), starting from 46.0 metres downhole, within a total intercept of 484.0 metres of 0.42% CuEq (0.19% copper, 0.14 g/t gold, 0.018% molybdenum, 3.9 g/t silver)
Hole S20-224 intersected 400.0 metres of 0.37% CuEq (0.18% copper, 0.11 g/t gold, 0.018 % molybdenum, 3.3 g/t silver) from 34.0 metres, including 50.0 metres of 0.53% CuEq (0.25% copper, 0.17 g/t gold, 0.018% molybdenum, 6.2 g/t silver) beginning at 102.0 metres downhole depth
Shane Ebert, VP Exploration, commented: “West Seel is known to contain a large high-grade zone at depth, and part of the 2020-2021 field program is aimed at tracing some of this high-grade mineralization nearer to surface. We are very pleased to see multiple holes from this program identifying long intercepts of continuous mineralization starting near bedrock surface, and locally containing higher-grade, near surface zones which are expected to enhance open pit characteristics of the deposit.”

Holes S20-220 and S20-224

Hole S20-220 was drilled at the West Seel deposit at an azimuth of 208 degrees and a dip of -50 degrees to a total depth of 1,069.6 metres. Hole S20-224 was drilled on the same section as S20-220 at an azimuth of 24 degrees and a dip of -50 degrees to a total depth of 779 metres. Both holes have successfully encountered long intercepts of mineralization and have locally extended high grades to near bedrock surface. Assay results for holes S20-220 and S20-224 are tabulated below.

Summary of Assay Results for Holes S20-220 and S20-224

Drill Hole
From (m) To (m) Width (m)1 CuEq (%)2 Cu (%) Au (g/t) Mo (%) Ag (g/t)
S20-220 46.0 530.0 484.0 0.42 0.19 0.14 0.018 3.9
including 46.0 116.0 70.0 0.63 0.26 0.26 0.019 7.1
including 452.0 530.0 78.0 0.62 0.27 0.20 0.039 3.5
S20-224 34.0 434.0 400.0 0.37 0.18 0.11 0.018 3.3
including 102.0 152.0 50.0 0.53 0.25 0.17 0.018 6.2
including 298.0 330.0 32.0 0.60 0.30 0.19 0.27 3.6

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. 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).

see & read more on
https://surgecopper.com/news-releases/2021/surge-copper-intersects-484-metres-of-0.42-cueq-at-west-seel-including-70-metres-of-0.63-cueq-from-46-metres-depth/



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