Mike Fagan,
Editor
June 18, 2021
Surge Copper Corp. (TSX-V: SURG)(OTC: SRGXF) — currently trading around C$0.35 per share — has extended mineralization in multiple directions at the West Seel deposit area of its flagship Ootsa Copper Project in the Huckleberry Mining District of central British Columbia, Canada.
Final assays from the company’s winter drill program have been released and include the following highlights:
- 432 meters grading 0.61% copper equivalent (CuEq) including 156 meters grading 0.76% CuEq
- 259 meters grading 0.60% CuEq including 124 meters grading 0.74% CuEq
- 506 meters grading 0.43% CuEq
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Mineralization has now been extended on the west side of the West Seel deposit and also to the northeast and as well in the gap zone between East Seel and West Seel.
Drilling has now resumed via a minimum 5,000-meter summer drill program at Ootsa with two core rigs initially focused on step-outs at the West Seel area where the deposit remains open.
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Drilling may expand outward to test a number of other exploration targets as the summer program progresses.
Surge Copper has established a commanding land position in the Huckleberry Mining District comprising four advanced porphyry copper-dominant deposits with measured and indicated (M&I) resources totalling 834 million tonnes grading ~0.42% copper equivalent [4.8 billion pounds or 2.1 million tonnes Cu]:
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Ootsa Copper Project (100%-owned; 211,000-acres): Includes the West Seel, East Seel, and Ox deposits and includes a 43-101 M&I resource of 224M tonnes grading 0.44% copper equivalent (CuEq) for 1.1B lbs copper, 1.1M oz gold, 104M lbs molybdenum, and 20M oz silver.
Berg Copper Project (70% earn-in; 86,000-acres): Includes the Berg deposit and includes a 43-101 M&I resource of 610M tonnes grading 0.41% CuEq for 3.7B lbs copper, 419M lbs molybdenum, and 59M oz silver.
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For speculators, Surge Copper boasts a robust treasury having recently closed a C$14 million bought deal financing and has multiple rigs turning in a target-rich, Tier-1 jurisdiction with copper trading well north of US$4 per pound.
Our own Gerardo Del Real of Junior Resource Monthly caught up with Surge Copper CEO, Leif Nilsson, for an update from West Seel plus a look at the copper market in general. CLICK HERE TO LISTEN. Transcript is also available.
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Yours in profits,
Mike Fagan
Editor, Resource Stock Digest
Mike Fagan has mining in his blood. As a teenager he staked countless gold and silver properties in Nevada alongside his dad, Brian Fagan, who created the Prospect Generator model that’s still widely used today in the resource space. One of those staking projects was put into production by a major Canadian mining company — a truly rare and profitable experience. That background uniquely qualifies him as a mining stock speculator. One of the most well-known names in the business, Mike is now putting that experience to use for the benefit of Resource Stock Digest and Hard Asset Digest readers.