Surge Copper - SRGXF STOCK NEWS

Surge Copper Corp. (TSXV: SURG, OTCQX: SRGXF) has reported complete assay results from its 2022 regional exploration program at the Ootsa Property in British Columbia. Notable discoveries include hole BJ22-01 revealing a wide silver-gold-zinc-lead mineralization zone with 66 metres grading 71.3 g/t silver. High-grade intercepts include 1430 g/t silver over 2 metres. The Blackjack Target shows potential for further exploration and discovery, with results from 30 additional drill holes pending. Additionally, 5,765,000 stock options were cancelled, leaving 5,500,000 options outstanding.

Surge Copper Corp. has initiated a Preliminary Economic Assessment (PEA) for the Berg Project in British Columbia, engaging Ausenco Engineering Canada Inc. for its completion. The PEA will utilize an updated mineral resource estimate by Tetra Tech Canada Inc., expected by Q2 2023. The project aims for a low strip ratio and harnesses existing infrastructure, including hydroelectric power, for reduced carbon emissions. CEO Leif Nilsson highlighted the project's potential in contributing critical metals for energy transition, including copper, molybdenum, and silver. Historical data re-evaluation is underway to improve resource estimates.

Surge Copper Corp. announced promising initial results from its 2022 exploration program at the Ootsa Property in British Columbia. The program included drilling 38 holes across nine target areas, focusing on the Seel Breccia Zone. Significant findings include hole S22-315, which intersected 64.6 metres grading 0.63% copper equivalent, and hole S22-316 with 40 metres grading 2.12% copper equivalent. These results suggest potential for high-grade scalable tonnage. The program aims to advance early-stage regional targets and totalled 15,300 metres of drilling.

Surge Copper Corp. announced positive results from a metallurgical testwork program on the Seel deposit in British Columbia. The program, conducted from February to October 2022, aimed to improve copper-molybdenum flotation parameters and assess precious metal recoveries. Highlights include overall molybdenum recoveries of 75-82% and copper recoveries between 83-90%, with significant grades of 27-29% copper. Future studies will determine the economic feasibility of additional gold and silver recovery processes. The program builds on prior successful testwork, enhancing confidence in operational scenarios.

Surge Copper Corp. has obtained a new exploration permit for the Berg Property, allowing for extensive drilling and exploration activities across multiple targets. Three drill rigs are mobilized to initiate systematic testing, following successful reconnaissance efforts that included over 4,000 soil samples and twelve induced polarization geophysical lines. The company is executing a fully-funded $6.5 million exploration program aimed at advancing the Ootsa and Berg properties. Anticipated developments include results from ongoing metallurgical and exploration tests through the end of 2022.

Surge Copper Corp. has released an updated mineral resource estimate for its Ootsa Property, indicating a significant increase in measured and indicated (M+I) resources. The updated estimate records a combined total of 439 million tonnes at 0.32% copper equivalent, representing a 96% increase from the 2016 estimate. This adds to the existing 610 million tonnes at the Berg deposit, putting Surge's total M+I resources at over 1 billion tonnes. Total contained metals include 5.3 billion pounds of copper, 586 million pounds of molybdenum, 1.6 million ounces of gold, and 89 million ounces of silver.

Surge Copper Corp. (OTCQX: SRGXF) has launched its 2022 exploration field program in the Ootsa-Berg district, emphasizing testing multiple high-priority targets. The program includes six principal targets for reconnaissance and drilling, alongside ten additional opciones. With a fully funded budget of C$6.5 million, the initiative encompasses up to 22,000 metres of diamond drilling and extensive geophysical surveys. Surge's exploration efforts aim to uncover new mineralization, leveraging historical datasets and advanced ZTEM technology, with a current cash position of approximately C$8 million.

Surge Copper Corp. (OTCQX: SRGXF) has announced the final assay results from its 2021 drill program at the Berg Deposit in British Columbia. Hole BRG21-241 intersected 146 metres grading 0.52% copper equivalent, while BRG21-242 showed 368 metres grading 0.58% copper equivalent, including a higher-grade section of 110 metres at 0.64% copper equivalent. These results extend known high-grade mineralization further south than previously modeled. The company plans to integrate these findings into its geological model for future exploration.