Surge Copper's New Acquisition and Chairman Appointment

Surge Copper Corp. (TSX-V: SURG)(OTC: SRGXF) — currently trading around C$0.35 per share — has entered into a definitive agreement to acquire a 100% interest in the Sylvia mineral claims.

The claims are located in the northern part of the Huckleberry Mining District of central British Columbia, Canada, and are contiguous with the company’s flagship Berg and Ootsa copper projects (see below) where drilling is ongoing.

surge copper project map

The Sylvia claims comprise two mineral concessions totaling approximately 1,400 acres with historical intercepts of up to 0.33% copper over 63 meters.

Already, the Berg property — of which Surge is earning-in 70% from Centerra Gold and where a 4,500 meter drill program is underway — hosts a pit-constrained 43-101 M&I resource of 610M tonnes grading 0.41% CuEq for 3.7B lbs copper, 419M lbs molybdenum, and 59M oz silver.

Surge also has the drills spinning at the 100%-owned Ootsa project, which comprises 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.

Hence, the highly accretive acquisition of the Sylvia claims, once completed, will provide Surge with yet another quality porphyry exploration target within this highly prospective “green metals” mineral district.

Surge is also pleased to announce the appointment of Christian Kargl-Simard — who has served as director since September of last year and who has been instrumental in the company’s development over the past twelve months — as non-executive chairman of the board. Patrick Glazier, who has served as chairman since 2016, will stay on as an independent director.

Mr. Kargl-Simard commented via press release:

“It's an honour to be appointed as Chairman of Surge, and to be working with such a high-calibre board. In just one year the business has advanced rapidly, having raised over C$20 million in new equity, completed several district consolidation deals including the Berg transaction, and drilled over 44,000 metres. This district is one of the most prospective for copper in British Columbia, and we look forward to making new discoveries on the back of our district-wide geophysical survey, and working to realize the mining potential of our resources.”

As always, my colleague Gerardo Del Real of Junior Resource Monthly has been delivering all the key insights on Surge’s rapid progress in the Huckleberry Mining District, including multiple exclusive interviews with CEO, Leif Nilsson.

On a related note, as you’re no doubt aware, the price of uranium along with select uranium equities have been going gangbusters of late, including some very solid winners for the Junior Resource Monthly portfolio. 

Gerardo has a brand new uranium recommendation out to his Junior Resource Monthly subscribers — click here to watch a brief video presentation on this undiscovered uranium junior with an impressive asset base on US soil.

gerardo del real

And click here for our feature report on Surge Copper.

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Yours in profits,

Mike Fagan
Editor, Resource Stock Digest

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