Surge Copper Intersects 412 metres grading 0.40% CuEq including ?54 metres grading 0.53% CuEq at the Berg Deposit
Surge Copper Corp has announced assay results from two drill holes at its Berg project in British Columbia. Hole BRG24-254 intersected 412 metres grading 0.40% CuEq, including 54 metres of 0.53% CuEq in the supergene sulfide zone and 18 metres of 0.68% CuEq in the hypogene system. Hole BRG24-253 intersected 288 metres grading 0.30% CuEq, including 56 metres of 0.52% CuEq in the supergene sulfide zone. Both holes are expected to upgrade significant zones of Inferred resources on the outer and inner margins of the mineralized zone.
Surge Copper Corp ha annunciato i risultati delle analisi di due perforazioni nel suo progetto Berg in Columbia Britannica. Il foro BRG24-254 ha intercettato 412 metri con una gradazione di 0,40% CuEq, inclusi 54 metri di 0,53% CuEq nella zona di solfuri supergeni e 18 metri di 0,68% CuEq nel sistema ipogenico. Il foro BRG24-253 ha intercettato 288 metri con una gradazione di 0,30% CuEq, inclusi 56 metri di 0,52% CuEq nella zona di solfuri supergeni. Si prevede che entrambi i fori migliorino significative zone di risorse Inferite sui margini esterni e interni della zona mineralizzata.
Surge Copper Corp ha anunciado los resultados de los análisis de dos perforaciones en su proyecto Berg en Columbia Británica. El pozo BRG24-254 intersectó 412 metros con una ley de 0,40% CuEq, incluyendo 54 metros de 0,53% CuEq en la zona de sulfuros supergénicos y 18 metros de 0,68% CuEq en el sistema hipogénico. El pozo BRG24-253 intersectó 288 metros con una ley de 0,30% CuEq, incluyendo 56 metros de 0,52% CuEq en la zona de sulfuros supergénicos. Se espera que ambos pozos mejoren zonas significativas de recursos inferidos en los márgenes externo e interno de la zona mineralizada.
서지 구리 주식회사는 브리티시 컬럼비아에 있는 베르크 프로젝트에서 두 개의 드릴 홀에 대한 분석 결과를 발표했습니다. 홀 BRG24-254는 0.40% CuEq의 등급으로 412미터를 교차했으며, 이 중 54미터는 초유황 광상에서 0.53% CuEq, 18미터는 정통 시스템에서 0.68% CuEq로 보고되었습니다. 홀 BRG24-253은 0.30% CuEq의 등급으로 288미터를 교차했으며, 이 중 56미터는 초유황 광상에서 0.52% CuEq로 보고되었습니다. 두 홀 모두 광물화된 지역의 외부 및 내부 경계에서 유의미한 추정 자원을 향상시킬 것으로 예상됩니다.
Surge Copper Corp a annoncé les résultats des analyses de deux forages de son projet Berg en Colombie-Britannique. Le forage BRG24-254 a intercepté 412 mètres avec une teneur de 0,40% CuEq, incluant 54 mètres à 0,53% CuEq dans la zone des sulfures supergènes et 18 mètres à 0,68% CuEq dans le système hypogène. Le forage BRG24-253 a intercepté 288 mètres avec une teneur de 0,30% CuEq, incluant 56 mètres à 0,52% CuEq dans la zone des sulfures supergènes. On s'attend à ce que les deux forages améliorent des zones significatives de ressources inférées sur les marges extérieures et intérieures de la zone minéralisée.
Surge Copper Corp hat die Analyseergebnisse von zwei Bohrlöchern in seinem Berg-Projekt in British Columbia bekannt gegeben. Bohrloch BRG24-254 schnitt 412 Meter mit einem Gehalt von 0,40% CuEq, darunter 54 Meter mit 0,53% CuEq in der supergenen Sulfidzone und 18 Meter mit 0,68% CuEq im hypogenen System. Bohrloch BRG24-253 schnitt 288 Meter mit einem Gehalt von 0,30% CuEq, darunter 56 Meter mit 0,52% CuEq in der supergenen Sulfidzone. Es wird erwartet, dass beide Löcher signifikante Zonen von inferenzierten Ressourcen an den äußeren und inneren Rändern der mineralisierten Zone verbessern.
- Strong drill results with BRG24-254 showing 412m at 0.40% CuEq
- High-grade intervals including 54m at 0.53% CuEq and 18m at 0.68% CuEq
- Potential upgrade of Inferred resources to higher category
- Demonstrated continuity of mineralization across large volumes
- None.
Vancouver, British Columbia, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Surge Copper Corp. (TSXV: SURG) (OTCQB: SRGXF) (Frankfurt: G6D2) (“Surge” or the “Company”) is pleased to announce assay results from drill holes BRG24-253 and 254, two of the ten holes completed during the 2024 field program at its
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Highlights
- Hole BRG24-254 intersected 412 metres grading
0.40% CuEq2 (0.24% Cu,0.042% Mo, 5.4 g/t Ag, and 0.02 g/t Au) from 36 metres depth including an interval within the supergene sulfide zone of 54 metres grading0.53% CuEq (0.39% Cu,0.036% Mo, 4.43 g/t Ag, and 0.04 g/t Au) and an interval within the hypogene system grading0.68% CuEq over 18 metres (0.52% Cu,0.042% Mo, 5.36 g/t Ag, 0.05 g/t Au) (copper equivalent “CuEq” is reported net of by-product recoveries, please see Table 1, footnote 2 for details)
- Hole BRG24-253 intersected 288 metres grading
0.30% CuEq (0.23% Cu,0.013% Mo, 4.49 g/t Ag, 0.03 g/t Au) from 12 metres depth to the end of the hole including an interval within the supergene sulfide zone of 56 metres grading0.52% CuEq (0.43% Cu,0.017% Mo, 5.11 g/t Ag, and 0.05 g/t Au)
- Both holes are expected to upgrade sizable zones of Inferred resources on the outer and inner margins of the mineralized zone
Leif Nilsson, Chief Executive Officer, commented: “We are very pleased with this initial batch of results from the 2024 drill program at Berg. Holes 253 and 254 were from a series of holes that were designed to infill regions of the deposit containing predominantly Inferred resources, in hopes of both upgrading the resource estimation category and increasing the estimated grade. Both holes will help achieve these objectives, and both holes demonstrate the consistency and continuity of mineralization across large volumes at the Berg deposit.”
Table 1. Summary of Assay Results for Hole BRG24-253 and 254 | ||||||||
Drill Hole | From (m) | To (m) | Width (m)1 | CuEq (%)2 | Cu (%) | Mo (%) | Ag (g/t) | Au (g/t) |
BRG24-253 | 12 | 300 EOH | 288 | 0.30 | 0.23 | 0.013 | 4.49 | 0.026 |
including | 26 | 82 | 56 | 0.52 | 0.43 | 0.017 | 5.11 | 0.052 |
BRG24-254 | 36 | 448 | 412 | 0.40 | 0.24 | 0.042 | 5.40 | 0.019 |
including | 38 | 320 | 282 | 0.48 | 0.29 | 0.051 | 6.27 | 0.024 |
including | 70 | 124 | 54 | 0.53 | 0.39 | 0.036 | 4.43 | 0.039 |
including | 194 | 212 | 18 | 0.68 | 0.52 | 0.042 | 5.36 | 0.046 |
1.Width refers to drill hole intercepts; true widths have not been determined. 2.CuEq (copper equivalent) is provided for illustrative purposes only to express the combined abundance of copper, molybdenum, silver, and gold, with secondary metals calculated net of assumed metallurgical recoveries using deposit average recovery assumptions of |
Figure 1. Berg drill hole location map showing 2024 drill holes and the location of cross section A-A’.
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Figure 2. Cross section A-A’ showing drill holes BRG24-253 and 254. See Figure 1 for section location.
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Holes BRG24-253 and 254 were drilled from the same pad with hole 253 oriented toward the west-northwest with a -65 degree dip and hole 254 oriented toward the east-southeast with a -50 degree dip. Both holes were designed to upgrade sizable zones of Inferred resources on the outer and inner margins of the mineralized zone.
Hole BRG24-253 encountered andesite, porphyry dikes, and breccias including intrusive matrix breccias from the start of bedrock at 9 metres to around 175 metres depth. From 175 metres to the end of the hole at 300 metres the hole encountered variable mineralized and veined volcanic wall rock. Variably developed secondary chalcocite blanket was observed from 40 to 115 metres depth. The hole returned 288 metres grading
Hole BRG24-254 mainly encountered various intrusive phases of the Berg Stock from 30 metres depth to the end of the hole at 489 metres depth. Zones of brecciation with intrusive and volcanic clasts and intrusive matrix occur between 180 and 440 metres depth. A variably developed secondary chalcocite blanket was observed from 40 to 130 metres depth. Hole BRG24-254 contains both increased brecciation and stronger grades than have typically been encountered in the Berg Stock. The hole returned 412 metres grading
Figure 3. Drill rig positioned on the western side of the Berg deposit; view looking west.
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Figure 4. Photos from BRG24-254. Top: strong veining within Berg Stock porphyry with sub-angular clasts of dark biotite altered andesite. Middle: zone of higher grade hypogene copper mineralization with dark biotite altered andesite and lighter Berg Stock porphyry cut by abundant quartz-chalcopyrite-molybdenite and quartz-molybdenite veins. Bottom: intrusive matrix breccia with angular to sub rounded intrusive and volcanic clasts and strong quartz-molybdenite veining.
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Quality Control
All drill core is logged, photographed, and cut in half with a diamond saw. Half of the core is bagged and sent to ALS Geochemistry in Kamloops, British Columbia for analysis (which is ISO/IEC 17025 accredited), while the other half is archived and stored on site for verification and reference purposes. Gold is assayed using a 30g fire assay method and 33 additional elements are analyzed by Induced Coupled Plasma (ICP) utilizing a 4-acid digestion. Duplicate samples, blanks, and certified standards are included with every sample batch and then checked to ensure proper quality assurance and quality control.
Share-Based Compensation
Further to the Company’s February 7, 2024 press release, the Company’s executive management team elected to receive a portion of their 2023 annual discretionary compensation in the form of common shares of the Company, which was approved by disinterested shareholders of the Company on September 25, 2024 at the Company’s annual general meeting. The Company will issue 2,146,809 common shares of the Company to four members of the executive management of the Company to settle the amount of
Qualified Person
Dr. Shane Ebert P.Geo., is the Qualified Person for the Berg Project and the Ootsa Property as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 41-101") and has approved the technical and scientific disclosure contained in this news release.
About Surge Copper Corp.
Surge Copper Corp. is a Canadian company that is advancing an emerging critical metals district in a well-developed region of British Columbia, Canada. The Company owns a large, contiguous mineral claim package that hosts multiple advanced porphyry deposits with pit-constrained NI 43-101 compliant resources of copper, molybdenum, gold, and silver – metals which are critical inputs to the low-carbon energy transition and associated electrification technologies.
The Company owns a
The Company also owns a
On Behalf of the Board of Directors
“Leif Nilsson”
Chief Executive Officer
For further information, please contact:
Riley Trimble, Corporate Communications & Development
Telephone: +1 604 639 3852
Email: info@surgecopper.com
Twitter: @SurgeCopper
LinkedIn: Surge Copper Corp
https://www.surgecopper.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This News Release contains forward-looking statements, which relate to future events. In some cases, you can identify forward-looking statements by terminology such as "will", "may", "should", "expects", "plans", or "anticipates" or the negative of these terms or other comparable terminology. All statements included herein, other than statements of historical fact, are forward-looking statements, including but not limited to: the commencement of drilling at the Berg Project and the timing thereof; the surface exploration work at the Berg Project and the timing thereof; the size and focus of the exploration drill program at the Berg deposit; the potential for program expansion based on initial results of the exploration drill program; the objectives of the drill hole design; the use of proceeds from the Top-Up Offering; and the Company’s plans regarding the Berg Project and the Ootsa Property. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors that may cause the Company’s actual results, level of activity, performance, or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. Such uncertainties and risks may include, among others, actual results of the Company's exploration activities being different than those expected by management, delays in obtaining or failure to obtain required government or other regulatory approvals, the ability to obtain adequate financing to conduct its planned exploration programs, inability to procure labour, equipment, and supplies in sufficient quantities and on a timely basis, equipment breakdown, impacts of the current coronavirus pandemic, and bad weather. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect the Company's current judgment regarding the direction of its business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions, or other future performance suggestions herein. Except as required by applicable law, the Company does not intend to update any forward-looking statements to conform these statements to actual results.
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