Business
Surge Copper Commences PEA on Berg Project
Vancouver, British Columbia, Nov. 16, 2022 (GLOBE NEWSWIRE) -- Surge Copper Corp. (TSXV: SURG) (OTCQX: SRGXF) (Frankfurt: G6D2) (“Surge” or the “Company”) is pl
About this update from Surge Copper Corp.
[{"type":"text","content":" Vancouver, British Columbia, Nov. 16, 2022 (GLOBE NEWSWIRE) -- Surge Copper Corp. (TSXV: SURG) (OTCQX: SRGXF) (Frankfurt: G6D2) (“Surge” or the “Company”) is pleased to announce that it has commenced a Preliminary Economic Assessment (the “PEA”) on the Berg Project located in central British Columbia. The Company has engaged Ausenco Engineering Canada Inc. (“Ausenco”) to lead the PEA which will utilize an updated mineral resource estimate to be completed by Tetra Tech Canada Inc. The PEA is anticipated to be completed during the second calendar quarter of 2023. To view an interactive tour of the Berg site use the following link or visit Surge’s website: Click Here Highlights Project concept to outline development opportunity of a simple, stand-alone open pit mine and concentrator facility located in an easily accessible region of British Columbia which has significant existing and ongoing industrial development including multiple mines, a smelter, forest products operations, a major pipeline, and a hydroelectricity station Project anticipated to have a low strip ratio, and benefit from near-surface, higher-grade supergene enrichment zone material in early years Project design will tie into existing infrastructure including the low-to-no-carbon-emissions BC Hydro grid, and existing road networks which provide access to the Berg Project PEA will leverage trade-off studies completed in 2022 that identified multiple suitable tailings siting options Updated resource modeling plus new sample data anticipated to improve precious metals credits Design approach will focus on and prioritize opportunities for energy efficiency and electrification of energy-intensive activities, including use of conveyor systems, in order to reduce carbon emissions footprint Leif Nilsson, Chief Executive Officer, commented: “The Berg Project represents a potentially globally unique opportunity to develop a long-life project with high outputs of metals critical for the energy transition including copper, which is critical in nearly all electrification applications, molybdenum, which is critical in large-scale geared wind turbines and gas pipelines, and silver, which is a key component in solar photovoltaic cells, located in a region with zero-carbon-emissions grid hydroelectricity, and negligible water supply issues. Significant effort has gone into co...