Mike Fagan,
Editor
Oct. 18, 2021
Surge Copper Corp. (TSX-V: SURG)(OTC: SRGXF) — currently trading around C$0.40 per share — has released assay results for multiple resource definition holes ahead of an updated resource estimate at its flagship 100%-owned Ootsa Copper Project in British Columbia, Canada.
The Ootsa property comprises the West Seel, East Seel, and Ox deposits and boasts a 43-101 M&I resource of 224M tonnes grading 0.44% copper equivalent (CuEq) for 1.1B lbs copper, 1.1M oz silver, 104M lbs molybdenum, and 20M oz silver.
Surge Copper CEO, Leif Nilsson — whom you’re about to hear directly from via an exclusive interview with Mr. Del Real — commented via press release:
“This is the second batch of results we are releasing from a multi-project summer program which has been one of the busiest in the Company’s history. The results continue to demonstrate the potential to expand the West Seel deposit and to improve grade within existing volumes. Furthermore, the recent drilling at the Seel Breccia Zone, for which assays are still pending, underscores the excellent exploration potential in this area. A major focus in the coming months will be on advancing our pipeline of regional exploration targets throughout the district.”
Highlights from the most recent batch of assays include 495 meters grading 0.54% CuEq, including 126 meters grading 0.85% CuEq. The drills also encountered some high-grade gold intercepts including 9.3 grams per tonne over 2 meters.
This is all part of the company’s recently completed 2021 drill program at Ootsa spanning over 26,500 meters across 72 holes with assays pending on an additional 52 holes from multiple targets.
Figure 1. Plan map of drill hole locations for 2021 Ootsa summer and fall drill program.
The company is on track to release an updated resource estimate for Ootsa by year-end incorporating approximately 30,000 meters of new core drilling which has consistently encountered broad, continuous zones of mineralization within and outside of the 2016 resource constraining pit.
Drilling is also wrapping up at the neighboring Berg Copper Project [43-101 M&I resource of 610M tonnes grading 0.41% CuEq for 3.7B lbs copper, 419M lbs molybdenum, and 59M oz silver] with a total of 2,858 meters of drilling in 9 holes completed to-date.
Click here for Gerardo’s exclusive interview with Surge CEO, Leif Nilsson.
Access additional Surge Copper news, exclusive interviews, and much more here.
And last but not least, click here for our feature report on Surge Copper.
Yours in profits,
Mike Fagan
Editor, Resource Stock Digest