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Surge Battery Metals files 43-101 Technical Report on its Caledonia Copper-Silver Project, Nanaimo Mining Division, British Columba
VANCOUVER, BC / ACCESSWIRE / December 9, 2021 / Surge Battery Metals Inc. (the "Company" or ...
About this update from Surge Battery Metals Inc
[{"type":"text","content":"Surge Battery Metals files 43-101 Technical Report on its Caledonia Copper-Silver Project, Nanaimo Mining Division, British ColumbaVANCOUVER, BC / ACCESSWIRE / December 9, 2021 / Surge Battery Metals Inc. (the \"Company\" or \"Surge\") (TSXV:NILI, OTCQB:NILIF; FRA:DJ5C) announces that it has filed a technical report entitled \"Technical Report on the Caledonia Silver-Copper Project dated October 30, 2021, Nanaimo Mining Division, Port Hardy, Coal Harbour Area, British Columbia, prepared by Johan T Shearer. (the \"Report\"). The Report has been prepared in accordance with National Instrument 43-101 and can be found under the Company's profile on SEDAR at www.sedar.com.The Report can also be obtained on the Company's website at www.surgebatterymetals.com/project-copper.About the Caledonia ProjectThe Company has an Option to acquire an 100% interest in 7 mineral claims including the Caledonia, Cascade and Bluebell Crown Grant claims, subject to a NSR between 1-2%. Located in the Nanaimo Mining Division on northern Vancouver Island. The claims are 7 km north-west of BHP's past producing Island Copper mine which was responsible for extracting 345 million metric tonnes @ 0.41% Cu, 0.017% Mo, 0.19 g/t Au, and 1.4 g/t Ag. During its prime operating period the Island Copper mine was Canada's third-largest copper producer. The Caledonia, Cascade and Bluebell claims area lies within a 50-kilometer-long copper belt northwest of the Island Copper mine which includes the Hushamu and Red Dog deposits and Northwest Expo Zone currently being drilled by Northisle Copper.The following quotes contain historical estimates on the Property and has been obtained from The B.C. Ministry of Energy and Mines Minfile records for MINFILE No 092L 209 which states: \"In 1929, 0.9 tonnes of ore was shipped from the property, grading 514.2 grams per tonne Silver and 7.3 per cent Copper (Malcolm, 1969). A chip sample collected across 1.8 metres in 1926 assayed trace gold, 418.2 grams per tonne Silver, 2.0 per cent Copper, 0.8 per cent lead and 10.0 per cent Zinc (Minister of Mines Annual Report 1926).\"\"Sampling in 2007 from trenching returned values of 581.7 g/tonne Silver (16.97 oz./ton), 4.42% Copper, 0.13% Lead, 8.97% Zinc from the skarn deposit. Metallurgical testing indicates that flotation gives high recovery rates for Silver and Copper. Discussions have ...