Surge Exploration Inc. Outlines Newly Acquired Mineral Mountain Copper Gold Property 2019 Work Program
TSX VENTURE: SUR
Vancouver, BC / TheNewswire / December 05, 2018 - Surge Exploration Inc. (the "Company" or "Surge") (TSXV: SUR, OTCQB:SURJF, FRA: DJ5C) is pleased to announce that the planning and budgeting for the 2019 exploration program is underway on the recently acquired group of nine claim blocks comprising 19,665 hectares (197 sq km) in the Omineca region of north-central British Columbia (See original acquisition News Release dated November 28, 2018) .
2019 Exploration Program
Initially a two-phase exploration program is being proposed by the Surge Geological Team.
Phase One will be carried out on lower elevation terrain once spring breakup takes place and will involve reconnaissance prospecting, geological mapping and a heavy metal panned concentrate sampling survey of all relevant drainages within the claim blocks.
Phase Two is planned to follow-up the work completed in Phase One as well as to extend the initial surveys into the higher elevations of the claims as winter snows retreat. Contingent on Phase One results, follow-up could also include additional soil sampling, geophysics and trenching.
Mr. Tim Fernback, President & CEO of Surge comments "Following up on the successful acquisition of this significant land package in our home province of British Columbia, we are excited to outline the Phase One and Phase Two exploration programs at Mineral Mountain. We are looking forward to the commencement of our multi-phase phase exploration program in 2019, once we can effectively access the property at the conclusion of the spring thaw period. This work is the precursor exploration needed to effectively launch of a subsequent diamond drilling program on the property."
About the Property
The Omineca Group of 9 claim blocks (see map) lie in the Omineca Mining Division of north-central British Columbia, approximately 150 km north of Fort St. James. The claims are 100% owned by Surge, subject to TSX Venture Exchange ("Exchange") approval and are not subject to any royalty terms, back-in rights, payments or any other agreements and encumbrances.
B.C. Minfile assessment report data indicates that most of the area covered by the Omineca Group claim blocks were at one time or another covered by staking during surges of exploration in B.C. dating from the 1940's to present day. Largely the claims appear to have been minimally explored with little follow-up. However, some work was recorded on several claims with results for stream sediment sampling showing anomalous to highly anomalous results for gold in a few areas. These areas were recommended for detailed follow-up, however due to a previous commodity price downturn no further work was recorded.
Prominent among early discoveries in BC's Omineca Region is the nearby Lustdust/Stardust property (Sun Metals Corp. TSX-V: SUNM) currently under option from Lorraine Copper Corp. (TSX-V:LLC). This property covers a large, coherent integrated porphyry-skarn, epithermal system. The project has notable drill intercepts such as 15 meters grading 24.04 g/t gold and 2.2% copper (hole 02-09); 9.7 meters grading 36.7 g/t gold, 182.6 g/t silver and 2.89% copper (hole 02-03); 59 meters grading 0.67 g/t gold and 0.80% copper (hole 01-44); and 5.0 meters grading 13.3 g/t gold, 899 g/t silver and 6.8% combined lead-zinc (hole 03-09). These results were publicly disclosed in a News Release by Sun Metals Corp and by Lorraine Copper Corp. (News Release) on November 14, 2018.
Other notable projects nearby to the Mineral Mountain property, include the Kwanika property (Serengeti Resources Inc./POSCO Daewoo TSX-V: SIR) a promising advanced stage copper-gold project; the Lorraine property (Lorraine Copper Corp. TSX-V: LLC) which is the host to a large copper-gold National Instrument (NI) 43-101 compliant resource. The Lorraine Copper Corp. tenures are located between the Kemess North project being developed by Centerra Gold's subsidiary Aurico Metals and Centerra Gold's operation at the Mount Milligan mine.
The Stardust Property contains a NI 43-101 compliant mineral resource, known as the Canyon Creek deposit, completed by GeoSim Services Inc. in 2010. It contains an indicated mineral resource of 1,253,000 tonnes grading 1.33% Cu, 1.426 g/t Au and 33.0 g/t Ag with a copper equivalent cut-off grade of 1.0%. An additional 3,124,000 tonnes grading 1.12% Cu, 1.366 g/t Au and 25.4 g/t Ag is classified as inferred. The presently defined mineral resource extends some 600 m along strike and down dip and remains open in all directions (this work was fully disclosed in the Lorraine Copper News Release June 20, 2016).
Mineralization hosted on nearby and/or adjacent properties is not necessarily indicative of mineralization hosted on the Company's Mineral Mountain Property.
The technical content of this news release and the NI 43-101 technical reports have been reviewed and approved by Paul Sorbara, P.Geo., an independent consulting geologist and a qualified person as defined in NI 43-101.
The Company is a Canadian-based mineral exploration company which has been active in the resource sector in British Columbia and elsewhere in Canada. The Company has an exploration office in Santiago, Chile to review mineral exploration opportunities in Chile and elsewhere in South America.
Ontario Cobalt Properties (Cobalt):
The Company has an option to earn an undivided 60% interest in the Glencore Bucke Property and the Teledyne Property, located in Cobalt, Ontario Canada.
Atacama Cobalto Project:
The Atacama Cobalto Project is located in the Atacama Province in northern Chile, 15 km northwest of the town of Copiapo, where mining is the largest economic activity, and the mining industry is one of the region's major employers. The Atacama Cobalto Project consists of 1,059 hectares and is located only 3 km East of the Cerro Iman Mine. To date, CAP Mineria has drilled over 20,250 m on the Atacama Coblato Project.
The area of interest hosts several other mining companies and is situated near the mylonitic corridor that is part of the Atacama Fault System that hosts many of the IOCG deposits in northern Chile. The Atacama Cobalto Project corresponds to a "cobalt anomalous IOCG" associated with the geographic area.
The Atacama Cobalto Project benefits from access to excellent infrastructure, including port access, energy supply, and access through the Pan American Highway.
Incahuasi Lithium Project (Lithium Brine):
The property is located on the northernmost section of the Incahuasi salar, 75 km southeast from both the town of Tilomonte, Chile and the Salar de Atacama, where mining is the largest economic activity, and the mining industry is one of the region's major employers. The Incahuasi salar is located on the national border between Chile and Argentina at an elevation of 3,260 m. The Incahuasi Lithium Project consists of 10 mineral exploration concessions totalling 2,300 hectares. Bordering this property, in Argentina, is a 9,843 hectare lithium exploration property held by Advantage Lithium (TSXV: AAL OTCQB: AVLIF). The option on this project is subject to TSX-V approval.
Mineral Mountain Property (Copper Gold) British Columbia
As announced on November 28, 2018, Surge has acquired, subject to Exchange approval, a 100% interest in 9 claim blocks comprising 19,665 hectares (197 sq km) in the Omineca region of north-central British Columbia, approximately 150 km north of Fort St. James. The claims are not subject to any royalty terms, back-in rights, payments or any other agreements and encumbrances. The region is host to numerous operating mines, good infrastructure including experienced exploration and supporting services.
B.C. Minfile assessment report data indicates that most of the area covered by the Omineca Group claim blocks were at one time or another covered by staking during surges of exploration in B.C. dating from the 1940's to present day. Prominent among early discoveries in the Omineca region were the nearby Lustdust/Stardust property (Sun Metals Corp. TSX-V: SUNM) covering a large, coherent integrated porphyry-skarn, epithermal system; the Kwanika property (Serengeti Resources Inc./POSCO Daewoo TSX-V: SIR) a promising advanced stage copper-gold project; the Lorraine property (Lorraine Copper Corp. TSX-V: LLC) host to a large copper/gold NI 43-101 compliant resource. The tenures are located between the Kemess North project being developed by Centerra Gold's subsidiary Aurico Metals and Centerra Gold's operation Mt Milligan mine. The transaction is subject to TSX-V approval.
Hedge Hog Property, (Copper Gold) British Columbia
The Company has an option to earn an undivided 60% interest seven mineral tenure covering 2,418 hectares (5,972 acres) located approximately 80 km northeast of the town of Quesnel, BC and 20 km north of the historic gold mining towns of Wells and Barkerville.
On Behalf of the Board of Directors
President & CEO
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 may contain forward-looking statements which include, but are not limited to, comments that involve future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, availability of funds, and others are forward-looking. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. General business conditions are factors that could cause actual results to vary materially from forward-looking statements.