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Surge Exploration Inc.
Summary
| Project: | Glencore Bucke | |
|---|---|---|
| Deposit: | Glencore Bucke | |
| Location: | Canada | |
| Commodities: | Copper-Zinc-Lead | |
| Date: | 2/12/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 12-2-2019: Surge Exploration Inc. announces an Exploration/Drilling Update report for its Glencore Bucke deposit at the Glencore Bucke project. Drilling results incl. 8.5m @ 0.7065% Cu, 318ppm Co, 0.607% Zn, 0.4197% Pb from 60.5m. Vancouver, BC / TheNewsw | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Joerg Kleinboeck (Independent) | |
| ABSTRACT: | Vancouver, BC / TheNewswire / February 12, 2019 – Surge Exploration Inc. (the "Company" or “Surge”) (TSX‐V: SUR, OTCQB:SURJF, FRA: DJ5C) is pleased to provide an update on various corporate activity nearby its Mineral Mountain gold‐copper properties in the Omineca Region of British Columbia, as well as, providing interim assay results from drill holes GB18‐22 to GB18‐30, drilled on its Glencore Bucke Cobalt Property (Cobalt, Ontario, Canada). Omineca Region Update: Prominent among early discoveries in British Columbia’s Omineca region were the nearby Lustdust/Stardust property (Sun Metals Corp. TSXV: SUNM) covering a large, coherent integrated porphyry‐skarn, epithermal system; the Kwanika property (Serengeti Resources Inc./POSCO Daewoo TSXV: SIR) a promising advanced stage copper‐gold project; the Lorraine property (Lorraine Copper Corp. TSXV: 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 Inc.’s (TSX: CG) subsidiary Aurico Metals and Centerra Gold’s current mining operation – the Mt Milligan mine. On November 14, 2018, Sun Metals Corp. announced the intersection of 100 meters grading 4.99% Copper equivalent and with 3.03 grams per tonne (g/t) Gold, 2.51% Copper and 52.5 g/t Silver on the Stardust Property owned by Lorraine Copper Corp. and optioned by Sun Metals. On December 20, 2018, Sun Metals announced the completion of a non‐brokered private placement of CAD$5,162,500 with the intention to use the proceeds to continue its exploration of the Stardust Property. As a part of this private placement, Teck Resources Limited (NYSE: TECK.B) invested a total of CAD$3,500,000 for a 13.8% equity stake in Sun Metals. More recently, and on February 4, 2019, Sun Metals announced an arrangement agreement with Lorraine Copper Corp. providing for the indirect merger of the companies. | |
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