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Surge Copper Corp.
Summary
| Project: | Ootsa | |
|---|---|---|
| Deposit: | Ootsa | |
| Location: | Canada | |
| Commodities: | Copper-Molybdenum-Gold-Silver | |
| Date: | 10/25/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 25-10-2018: Surge Copper Corp. announces an Exploration/Drilling Update report for its Ootsa deposit at the Ootsa project. Drilling results incl. 191.5m @ 0.03% Cu, 0.07g/t Au, 7.25g/t Ag, 0.43% Zn, 0.16% Pb from 160m. October 25, 2018: Vancouver, British | |
| Resources: | (Resource, M+I): 224.2Mt @ 0.37% CuEq, 0.22% Cu, 0.15g/t Au, 0.021% Mo, 2.8g/t Ag | |
| CP/QP: | [Overall Report]: Shane Ebert (Internal) | |
| ABSTRACT: | October 25, 2018: Vancouver, British Columbia: Surge Copper Corp. (the “Company”) (SURG: TSX-V) is pleased to announce the discovery of a new area containing altered and mineralized porphyry and presents assay results for hole S18-215 from the Company’s Ootsa Property. The Ootsa Property is an advanced stage copper-gold exploration project containing the East Seel, West Seel, and Ox porphyry deposits, and is located adjacent to the Huckleberry Copper Mine in British Columbia. Prospecting 4 kilometres southwest of the West Seel deposit, targeting a large and previously unexplored geophysical anomaly, has resulted in the discovery of a strongly altered quartzfeldspar-biotite porphyry in outcrop. The porphyry contains strong sericite alteration, is cut by thin quartz-sulfide veinlets, and contains fine grained disseminated sulfides. A composite grab sample from the porphyry over a 4 metre area returned 29.1 g/t Ag, 2% Zn and 0.24% Pb. The area corresponds with a 1 kilometer long chargeability anomaly that remains open to the south. This new area has been termed the Ravine Zone, and the presence of altered mineralized porphyry containing strong alteration and highly anomalous Ag-Zn-Pb associated with a large geophysical anomaly suggests the area has good discovery potential. Additional work will be planned for the area during 2019 to evaluate the extent and significance of the new zone. | |
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