Top Stock in Copper Boom

 

Surge Copper Corp. (TSX-V: SURG)(OTC: SRGXF) — currently trading around C$0.35 per share — has extended mineralization via multiple step-out and resource definition holes at the West Seel target area of its flagship, 100%-owned Ootsa copper project in central British Columbia, Canada.

Two core rigs are currently drilling at the Ootsa property and have combined for over 14,000 metres in 27 holes since June 2021.

Highlights from the most recent batch of assays from West Seel include:

  • 364 meters grading 0.56% copper equivalent (CuEq); including:

            •194 meters grading 0.76% CuEq

  • 161 meters grading 0.37% CuEq; including:

            • 52 meters grading 0.59% CuEq

A total of 17 additional holes from Ootsa are in the assaying process — so plenty of news flow to come from the current drill program in the coming weeks and months.

The Ootsa project 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.

Surge Copper CEO, Leif Nilsson, commented via press release:

"We have had a very busy summer field season and are excited to see results come in as we continue to push out the extents of the main mineralized zones at Seel and test high potential targets in the nearby areas. Camp construction at Berg is advancing well and we anticipate mobilizing crews there in the near term as we continue to advance our regional target planning work."

As alluded to above, Surge Copper is also earning into a 70% interest in the Berg property from Centerra Gold. Berg is a large, advanced-stage copper exploration project located 28 km northwest of the Ootsa deposits.

Berg contains 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.

Combined, the Ootsa and Berg properties give Surge a dominant land position in the Ootsa-Huckleberry-Berg district and control over four advanced porphyry deposits and 50 kilometers of strike length.

With copper trading well above US$4 per pound, Surge offers speculators exposure to multiple advanced copper exploration projects in a Tier-1 jurisdiction at a market cap below C$55 million.

My colleague Gerardo Del Real of Junior Resource Monthly has been delivering all the key insights on Surge Copper’s impressive progress in British Columbia’s Ootsa-Huckleberry-Berg district, including multiple exclusive interviews with CEO, Leif Nilsson.

In last month’s Junior Resource Monthly issue, Gerardo stated, “The summer doldrums will soon be behind us, tax-loss selling seems to be starting sooner and sooner every year and I plan on making sure the portfolio is positioned where the puck is going — not where it’s been.”

Click here for a short video clip where Mr. Del Real discusses the advantages his subscribers enjoy monthly — including specific buy-sell signals and upcoming catalysts across a variety of metals — and why he believes Q4 is shaping up to be one of the most profitable quarters he’s seen in the junior resource space.

Also click here for our feature report on Surge Copper.

Yours in profits,

 

Mike Fagan

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 readers.


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