Vancouver, BC – November 7, 2019: Surge Exploration Inc. (the “Company” or “Surge”) (TSXV: SUR, OTC: SURJF, FRA: DJ5C) is pleased to report President & CEO Tim Fernback Interviewed by Dr. Allen Alper of MetalsNews at: Surge Metals News Interview
Dr. Allen Alper, PhD Economic Geology and Petrology, Columbia University, NYC, USA interviewed Tim Fernback for a Featured article that appeared November 6, 2019 in MetalsNews.com. Dr. Alper was very impressed with Mr. Fernback’s leadership, progress and vision for Surge Exploration Inc.
Surge is a grassroots Canadian company that conducts exploration for gold, copper and cobalt metals. Surge has five ongoing projects in mining-friendly jurisdictions within Canada.
Dr. Alper learned from Tim Fernback, President and CEO of Surge, that their properties are strategically located in some of the best areas, where the presence of precious metals, base metals and cobalt has been found historically. The Company is setting up a land bank business strategy, having located all its exploration projects nearby some very recently discovered mineral deposits.
The full featured article can be read on line at: Surge Metals News Interview
About Surge Exploration Inc.
The Company is a Canadian-based mineral exploration company which has been active in the resource sector in British Columbia and elsewhere in Canada.
Vancouver Island – Caledonia Property (Poly Metallic – Silver Copper), British Columbia
The Company has acquired a 100% interest, subject to a 1% NSR in four mineral claims adjoining the recently acquired Caledonia, Cascade and Bluebell claims (the “Caledonia Project”) located near Quatse Lake in the Nanaimo Mining District of northern Vancouver Island. The acquisition is subject to TSX Venture Exchange approval.
The Company has an option to earn a 100% interest, subject to a 2% NSR in the Caledonia Project. The Caledonia Project is adjacent to the east side of a joint venture between Freeport-McMoRan and Northisle Copper and Gold Inc. Under terms of that joint venture agreement, Freeport-McMoRan can earn up to a 65% with C$24 million in exploration expenditures over seven years. Freeport-McMoRan is currently one of the world’s largest copper producers.
This acquisition by Surge will allow for the exploration of possible strike extensions of high grade mineralization to the east and the west from the Caledonia Project underground workings. The combined land position of the Caledonia Project is 1,741 hectares. Additionally, the Caledonia Project lies within a 50-kilometer-long copper belt and only 4 km northwest of BHP’s previously producing Island Copper Mine (Canada’s third-largest copper producing mine responsible for extracting 345 million metric tonnes @ 0.41% Cu, 0.017% Mo, 0.19 g/t Au, and 1.4 g/t Ag).
Golden Triangle – Trapper Lake Property (Copper Gold), British Columbia
The Company owns 100% interest in the Golden Triangle – Trapper Lake Group of 23 mineral claims which are located in the prolific Golden Triangle Region of northwestern British Columbia approximately 90 km ENE from Juneau, Alaska. Surges’ staking program totals an area of approximately 325 sq. km within the regionally important geological and structural trend. A large portion of the new property is adjacent to the Thorn Project owned by Brixton Metal’s Corp. (“Brixton”, TSXV: BBB) with the balance covering prospective open ground containing numerous B.C. Minfile showings with Cu, Ag, Au values adjoining the boundaries of the Golden Bear Mine, a 480,000 oz Au past producer.
In Brixton’s news release dated July 15, 2019 (Brixton News Release), they reported results from drill hole THN19-150, which was drilled to 829.06 metres depth at the Oban diatreme breccia pipe within the Camp Creek copper corridor. Brixton reported a drill hole intercept of 1.97 grams per tonne gold equivalent across 554.70 meters including 135.96 meters of 1.35 g/t Au, 0.31% Cu, 133.62 g/t Ag or 5.00 g/t Au eq including 6 meters of 3.56% Cu, 3.37 g/t Au, 257.77 g/t Ag. Structural mapping and soil-rock geochemistry at the Chivas zone and relogging of select core from the Glenfiddich zone were also conducted as part of the overall exploration program at the Thorn Project. Of note, mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company’s properties.
Mineral Mountain Properties (Copper Gold) British Columbia
The Company owns a 100% interest in the Omineca Group of 12 claim blocks which are located in the Omineca Mining Division 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.
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 the Omineca region were the nearby Lustdust/Stardust property (Sun Metals Corp. TSXV: SUNM) covering a large, coherent integrated porphyry-skarn-manto, epithermal system; the Kwanika property (Serengeti Resources Inc./POSCO Daewoo TSXV: SIR) a promising advanced stage copper-gold project; the Lorraine property (Teck Resources and Sun Metals) host to a significant copper gold NI 43-101 resource. The Surge 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. Of note, mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company’s properties.
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.
Ontario Cobalt Properties (Cobalt) Ontario
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.
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.