- Surge Copper Corp. (SURG) released assay results for three holes from its Ootsa Property
- Hole S22-330 returned 100 metres grading 0.42 per cent copper equivalent from 40 metres depth opening expansion potential to the north
- Induced polarization geophysical data show a 200 by 400-metre zone immediately north of Hole S22-330 with good discovery potential
- Surge (SURG) was trading at C$0.13 per share at 9:55 am ET
Surge Copper Corp. (SURG) released assay results for three holes from its Ootsa Property.
One hole tested a regional exploration target, while two others were drilled along the northern margins of the Seel Breccia East zone, where the company is expanding high-grade breccia-style mineralization.
These two holes encountered intervals greater than 100 metres of copper-gold porphyry-style mineralization within the upper portions of the holes, coincident with IP chargeability and resistivity anomalies which extend to the north and at depth. These results open a new exploration target for near-surface copper-gold porphyry mineralization like the company’s East Seel deposit.
Highlights:
- Hole S22-330 returned 100 metres grading 0.42 per cent copper equivalent from 40 metres depth opening expansion potential to the north
- Induced polarization geophysical data show a 200 by 400-metre zone immediately north of Hole S22-330 with good discovery potential
- Results for 27 drill holes from the Ootsa and Berg regional exploration program are pending
The company’s Chief Executive Officer, Leif Nilsson, called these results significant for two reasons.
“Firstly, the copper-gold porphyry intervals were seen in the upper portions of holes angled to the southeast and, combined with the interpretation of geophysical data in the area, suggests these holes may have just grazed the margins of a much larger area extending to the north which looks prospective for this type of mineralization. Secondly, the East Seel portion of the Seel deposit contains some of the nearest-to-surface, highest-grade material at Ootsa, with simple metallurgy nearly devoid of molybdenum; any opportunity to build tonnage with these types of characteristics would likely translate into material that would be sequenced early on in any future mining scenario.”
The company drilled 38 holes totalling 15,300 metres across the Ootsa and Berg properties in 2022.
Surge Copper Corp. (SURG) is a Canadian company that is advancing an emerging critical metals district in a well-developed region of British Columbia. The firm owns Ootsa Property, an advanced-stage exploration project containing the East Seel, West Seel, and Ox porphyry deposits.
Surge (SURG) was trading at C$0.13 per share at 9:55 am ET.
