Business
Surge Copper Identifies New Copper-Gold Porphyry Potential 300 metres Northeast of the East Seel Deposit Intersecting 100 metres grading 0.42% CuEq
Vancouver, British Columbia, Jan. 09, 2023 (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, Jan. 09, 2023 (GLOBE NEWSWIRE) -- Surge Copper Corp. (TSXV: SURG) (OTCQX: SRGXF) (Frankfurt: G6D2) (“Surge” or the “Company”) is pleased to announce complete assay results for 3 holes from the Company’s 100% owned Ootsa Property in British Columbia. Included are results from one hole testing a regional exploration target and two holes drilled along the northern margins of the Seel Breccia East zone where the Company is expanding high-grade breccia-style mineralization. These two holes encountered greater than 100 metre intervals of copper-gold porphyry-style mineralization within the upper portions of the holes, coincident with IP chargeability and resistivity anomalies which extend to the north and at depth. These results open a new exploration target for near-surface copper-gold porphyry mineralization similar to the East Seel deposit. Highlights 2022 drilling has intersected near-surface copper-gold porphyry-style mineralization immediately north of the new Seel Breccia East zone Hole S22-330 returned 100 metres grading 0.42% copper equivalent from 40 metres depth opening up expansion potential to the north Induced polarization geophysical data show a 200 by 400 metre zone immediately north of Hole S22-330 with good discovery potential Results for 27 drill holes from the Ootsa & Berg regional exploration program are pending Leif Nilsson, Chief Executive Officer, commented: “These results are significant for two reasons. Firstly, the copper-gold porphyry intervals were seen in the upper portions of holes angled to the southeast, and combined with the interpretation of geophysical data in the area, suggests these holes may have just grazed the margins of a much larger area extending to the north which looks prospective for this type of mineralization. Secondly, the East Seel portion of the Seel deposit contains some of the nearest-to-surface, highest-grade material at Ootsa, with simple metallurgy nearly devoid of molybdenum; any opportunity to build tonnage with these types of characteristics would likely translate into material that would be sequenced early on in any future mining scenario.” Assay results have been received for holes S22-328 and S22-330 which tested a zone immediately east of the S...