Surge Copper - SURG (TSX-V)


  • Ich habe mir nochmal die PEA angeschaut.
    Die Rohstoffpreise sind heutes sowas von bedeutend höher, insbesondere das wenig beachtete Molybdän!


    Der Base-Case-NPV von 186 C$M ist daher nur noch ein Witz. Das sollte heute schon das Mehrfache sein.
    Ich hoffe Surge Copper macht hier mal ein Update. :)

  • Surge Copper Provides Update on Summer Field Programs at Ootsa and Berg Projects

    August 11, 2021, Vancouver, British Columbia – Surge Copper Corp. (TSXV: SURG) (OTCQX: SRGXF) (Frankfurt: G6D2) (“Surge” or the “Company”)
    is pleased to provide an update on the Company’s summer field programs
    taking place at the Ootsa and Berg projects located in the Huckleberry
    district in central British Columbia.
    During the month of July, the Company commenced rehabilitation and
    upgrade work on the Berg access trail to allow for truck and
    all-terrain-vehicle access to the deposit area. The first phase of this
    work is now complete with the excavator equipment having reached the
    Berg camp. The excavator crew is now installing several drill pads and
    will complete additional improvements along the access trail as the crew
    leaves the project area in the coming weeks. The completion of these
    access improvement works has provided road access to the Berg camp and
    deposit area for the first time in approximately ten years and will
    allow for cost-effective exploration and development activities going
    forward. The Berg access trail branches off a local forest service road
    where additional road and bridge improvement work is ongoing and is
    being led by a local forestry operator.
    Also during the month of July, Geotech Ltd. completed the data
    acquisition phase of the airborne geophysical survey being conducted
    across the entire Huckleberry district, with approximately four thousand
    line-kilometres flown over Surge’s properties under excellent weather
    conditions and with no standby days incurred. The data is now being
    processed with final deliverables including inversion results, maps, and
    reporting to follow later in the quarter.
    The summer drill program taking place at the Ootsa Property is
    progressing well with approximately 13,000 metres completed since the
    beginning of June. Resource drilling at the West and East Seel deposits
    is nearing completion, and additional updates will be provided as assay
    results from this program become available. The Company has also engaged
    with geological consultants to update the geological model for West and
    East Seel and to incorporate additional drilling data from the 2020 and
    2021 drill programs, in preparation for a resource update later this
    year. Drill rigs will be mobilized to test certain exploration targets
    in the Seel and Ox trends before being mobilized to Berg later in the
    summer to complete a minimum 5,000 metre program targeting extensions of
    the high-grade zones within the resource.
    Leif Nilsson, CEO and Director, commented: “It has been an extremely
    busy summer so far as we have tackled ambitious parallel work programs
    across the district. We are excited to start seeing the results come in
    from these programs and to keep pushing ahead as we take advantage of
    the excellent operating conditions present in central BC today.

  • Surge Copper Announces Acquisition of Additional Claims in Huckleberry District and Appointment of New Board Chair



    September 28, 2021, Vancouver, British Columbia – Surge Copper Corp. (TSXV: SURG) (OTCQX: SRGXF) (Frankfurt: G6D2) (“Surge” or the “Company”) is pleased to announce that it has executed a definitive asset purchase agreement to acquire a 100% interest in the Sylvia mineral claims located in the northern area of the Huckleberry district in central British Columbia, contiguous with the Berg Property and the Company’s other 100% owned claims in the area (see Figure 1).
    The Sylvia claims host an underexplored porphyry target consisting of a 500 by 2,000 metre sulfide alteration zone that straddles the south contact of a granodiorite stock. Historical drilling in 1974 by Hudson Bay Oil and Gas Company Ltd. intercepted 63 metres grading 0.33% copper and 0.02% molybdenum, starting at 9.1 metres downhole, with the hole ending in mineralization (BC Assessment Report 5213). The claim area was also included in the recently completed district-wide airborne geophysical survey, allowing the Company to accelerate its exploration planning in the area. The Sylvia claims comprise two mineral claims totalling approximately 572 hectares. Under the terms of the agreement, Surge will issue to three vendors a total of 390,000 common shares and will grant the vendors a 2% net smelter return royalty on the claims, subject to a perpetual buyback right on half of the royalty for C$1 million. The terms of the agreement and issuance of Surge shares are subject to TSX Venture Exchange approval, and the shares will be subject to a statutory four-month hold period.
    The acquisition of these claims provides the Company with another quality porphyry exploration target with known copper mineralization within this highly prospective porphyry district. The Sylvia claims occur in relatively flat, low-lying terrain with direct road access, allowing for low cost and potentially year-round exploration of the target.
    [Blockierte Grafik: https://www.surgecopper.com/site/assets/files/6111/surgenr.700x0-is.png]
    Figure 1. Ootsa-Berg regional claim map showing newly acquired Sylvia claims.

  • Surge Copper Intersects 495 metres of 0.54% CuEq including 126 metres of 0.85% CuEq at West Seel and Previews Upcoming News Flow


    October 12, 2021, Vancouver, British Columbia – Surge Copper Corp. (TSXV: SURG) (OTCQX: SRGXF) (Frankfurt: G6D2) (“Surge” or the “Company”) is pleased to announce assay results for multiple resource definition holes from the Company’s 100% owned Ootsa Property in British Columbia, and an update on the Company’s ongoing activities and near-term news flow. The 2021 core drilling program at Ootsa has ended with 26,556 metres of drilling in 72 holes completed since June 2021. Thus far, following this news release, results from 20 holes have been released, with results from 52 additional holes pending including:


    • 1,934 metres in 3 holes from resource drilling within the Seel deposit area
    • 9,054 metres in 45 holes from the Seel Breccia Zone located north of the Seel deposits
    • 2,319 metres in 4 holes from regional exploration targets within the Ox and Seel trends


    An updated resource estimate for the Ootsa Property is in progress, and regional exploration target evaluation and data compilation will be continuing over the winter with selective drill testing as warranted. The Company is also actively drilling at the Berg deposit, with further updates on this program to follow.
    Leif Nilsson, Chief Executive Officer, commented: “This is the second batch of results we are releasing from a multi-project summer program which has been one of the busiest in the Company’s history. The results continue to demonstrate the potential to expand the West Seel deposit and to improve grade within existing volumes. Furthermore, the recent drilling at the Seel Breccia Zone, for which assays are still pending, underscores the excellent exploration potential in this area. A major focus in the coming months will be on advancing our pipeline of regional exploration targets throughout the district.
    East and West Seel Highlights


    • Hole S21-266 intersected 495 metres grading 0.54% copper equivalent including 355 metres grading 0.62% copper equivalent and 126 metres grading 0.85% copper equivalent
    • Hole S21-261 intersected 276 metres grading 0.40% copper equivalent including 64 metres grading 0.53% copper equivalent
    • Hole S21-256 intersected 244 metres grading 0.49% copper equivalent including 116 metres grading 0.58% copper equivalent
    • Partial assays for the upper portion of Hole S21-268 intersected 270 metres grading 0.47% copper equivalent from 20 metres to 290 metres depth with assays pending for the bottom portion of the hole
    • Multiple higher grade gold intercepts have been encountered in drilling including 9.3 g/t gold over 2 metres within a zone grading 1.5 g/t gold over 20 metres, highlighting the precious metal potential within and proximal to the main porphyry deposit centres
    • A new resource estimate for the Ootsa Property is expected by year end incorporating approximately 30,000 metres of new core drilling, which has consistently encountered broad, continuous zones of mineralization within and outside of the 2016 resource constraining pit


    Seel Breccia Zone and Other Exploration Highlights


    • Recent drilling at the Seel Breccia Zone located 200 metres north of the East Seel deposit has traced for over 200 metres along strike a zone which is 20 to 60 metres wide and extends to depths up to 150 metres (see Figure 1)
    • On the Berg Property, 9 drill holes have been completed to date as part of the 2021 core drilling program at the Berg deposit area
    • Final inversion and targeting results from regional ZTEM airborne geophysics is nearing completion


    [Blockierte Grafik: https://www.surgecopper.com/site/assets/files/6117/fig_1.700x0-is.png]
    Figure 1. Plan map of drill hole locations for 2021 Ootsa summer and fall drill program.
    East and West Seel Drilling Details
    Holes S21-256, 265, 266, and 268 are infill holes at West Seel and all encountered long intervals of continuous mineralization that will help define grade within those volumes. Hole S21-265 intersected 402 metres grading 0.50% copper equivalent. Hole S21-266 intersected 495 metres grading 0.54% copper equivalent including significant zones with higher grades. Hole S21-268 intersected 270 metres grading 0.47% copper equivalent starting at 20 metres depth and will extend the zone of near surface West Seel mineralization to the southeast. Assays are pending for the bottom portion of the hole. Holes S21-259, 260, 261, and 263 were all drilled on the edges of the West Seel system and all encountered significant mineralization that will help expand the known extents of the West Seel deposit.
    Hole S21-258 tested a regional target located 0.6 kilometres southeast of the Seel deposits and intersected a precious metal vein that returned 4.75 g/t gold and 69.7 g/t silver over 1 metre. Hole S21-257 tested the south edge of East Seel and did not encounter significant mineralization. The remaining holes in this release are step out or infill holes designed to expand or constrain West Seel mineralization...

  • Und weiter gehts ...


    Surge Copper Intersects 296 metres of 0.53% CuEq including 66 metres of 0.75% CuEq


    Und vielleicht als Ausblick :


    Upcoming Catalysts
    The Company anticipates updating the market on results from the following activities:


    • Drill results from 48 remaining drill holes from 2021 Ootsa drill program
    • Drill results from 9 drill holes from 2021 Berg drill program
    • Resource update for the Ootsa project
    • Inversion and targeting results from regional airborne geophysics, and update on regional exploration pipeline


    The Company is well financed with over C$10 million in the treasury.

  • Das einzige was halt ein bisschen ärgerlich ist sind die 37Mio Warrants, die erst am 28 Oct 23 auslaufen ...


    Hier kommt es jetzt auch darauf an, wie das Management die weiteren Schritte finanziert ...


    Aber der Vollständigkeit hier mal die Liste der aktuellen Warrants:


  • Surge Copper Intersects 422 metres of 0.52% CuEq including 200 metres of 0.60% CuEq at West Seel and Provides Update on Resource Estimate


    November 24, 2021, Vancouver, British Columbia – Surge Copper Corp. (TSXV: SURG) (OTCQX: SRGXF) (Frankfurt: G6D2) (“Surge” or the “Company”) is pleased to announce complete assay results for hole S21-268 from the Company’s 100% owned Ootsa Property in British Columbia, and an update on the Company’s ongoing resource update for the Ootsa Property. The Company previously released the results for the top portion of hole S21-268 (see October 12, 2021 Press Release).
    Highlights

    • Hole S21-268 intersected 422 metres grading 0.52% copper equivalent from 20 metres downhole depth, including 200 metres grading 0.60% copper equivalent
    • This includes a zone of higher grade mineralization returning 0.69% copper equivalent over 76 metres from 324 metres depth

    Complete assay results have been received for hole S21-268 with significant results summarized in the table below (including the previously reported top portion of the hole). Hole S21-268 was collared toward the southern end of the approximately 500 metre zone where mineralization at West Seel comes to bedrock surface, and intercepted a broad zone of strong continuous mineralization. A drill hole plan map and cross section are included below.
    Exploration hole S21-271 tested a chargeability high located to the south of the West Seel deposit and encountered a pyrite halo with no significant intervals of mineralization. These are the final results from the infill and expansion drilling program targeting the main East and West Seel porphyry deposits at the Ootsa Property which will be used to conduct an updated resource estimate for the Ootsa Property. Thus far, following this news release, results from 26 holes from the Company’s 2021 Ootsa summer drilling program have been released, with results pending from 46 additional holes testing exploration targets in the near vicinity of the Seel and Ox deposits, including the Seel Breccia Zone. An additional nine core holes are also pending from the Company’s 2021 Berg drill program.



    Figure 1. Plan map of drill hole locations for 2021 Ootsa summer and fall drill program.


    Summary of Assay Results for Selected Holes


    1. Width refers to drill hole intercepts; true widths have not been determined.


    2. CuEq (copper equivalent) has been used to express the combined value of copper, gold, molybdenum, and silver as a percentage of copper, and is provided for illustrative purposes only and to provide ease of comparison. No allowances have been made for recovery losses that may occur should mining eventually result. Calculations use metal prices of US$3.00/lb copper, US$1,800/oz gold, US$10/lb molybdenum, and US$22/oz silver, using the formula CuEq % = Cu % + (Au g/t x 0.875) + (Mo % x 3.33) + (Ag g/t x 0.0107).
    * Previously reported on October 12, 2021.



    Figure 2. West Seel cross section C-C’ showing results for holes S21-228, 231, 233, 239, 256, and S21-268. See Figure 1 for section location.




    Resource Estimate Update
    The Company has engaged Advantage Geoservices Limited to conduct a mineral resource estimate in accordance with National Instrument 43-101. The resource estimate will include the East Seel, West Seel, and Ox porphyry deposits, and will include all relevant resource drilling completed during the 2018, 2020, and 2021 core drilling programs. The estimation process is well underway, and the Company will provide further updates as the process is nearing completion.
    Upcoming Catalysts and Marketing Events
    The Company anticipates updating the market on results from the following activities:

    • Drill results from 46 remaining drill holes from 2021 Ootsa drill program
    • Drill results from 9 drill holes from 2021 Berg drill program
    • Resource update for the Ootsa project
    • Inversion and targeting results from regional airborne geophysics, and update on regional exploration pipeline

    The Company also announces its participation in the following upcoming investor conferences:

    • Mines and Money London, December 1-2
    • Vancouver Resource Investment Conference (VRIC), January 16-17
    • AME Roundup, January 31 – February 3

    Quality Control
    All drill core is logged, photographed, and cut in half with a diamond saw. Half of the core is bagged and sent to ALS Geochemistry in Kamloops, British Columbia for analysis (which is ISO/IEC 17025 accredited), while the other half is archived and stored on site for verification and reference purposes. Gold is assayed using a 30g fire assay method and 33 additional elements are analyzed by Induced Coupled Plasma (ICP) utilizing a 4-acid digestion. Duplicate samples, blanks, and certified standards are included with every sample batch and then checked to ensure proper quality assurance and quality control.
    Qualified Person
    Dr. Shane Ebert P.Geo., is the Qualified Person for the Ootsa and Berg projects as defined by National Instrument 43-101 and has approved the technical disclosure contained in this news release.
    About Surge Copper Corp.
    The Company owns a 100% interest in the Ootsa Property, an advanced stage exploration project containing the East Seel, West Seel and Ox porphyry deposits located adjacent to the open pit Huckleberry Copper Mine, owned by Imperial Metals. The Ootsa Property contains pit constrained NI 43-101 compliant resources of copper, gold, molybdenum, and silver in the Measured and Indicated categories.
    The Company is also earning into a 70% interest in the Berg Property from Centerra Gold. Berg is a large, advanced stage exploration project located 28 km northwest of the Ootsa deposits. Berg contains pit constrained 43-101 compliant resources of copper, molybdenum, and silver in the Measured and Indicated categories. Combined, the adjacent Ootsa and Berg properties give Surge a dominant land position in the Ootsa-Huckleberry-Berg district and control over four advanced porphyry deposits.

  • Sehr schön ... gerade auch der Oberflächennahe Start der Mineralisierung mit zudem steigendenen Grades in die Tiefe ... und natürlich der stetige Newsflow und die strukturierte Erweiterung der Ressourcen ...


    " ... Thus far, following this news release, results from 26 holes from the Company’s 2021 Ootsa summer drilling program have been released, with results pending from 46 additional holes testing exploration targets in the near vicinity of the Seel and Ox deposits, including the Seel Breccia Zone. An additional nine core holes are also pending from the Company’s 2021 Berg drill program. ..."

  • Sehr schön ... gerade auch der Oberflächennahe Start der Mineralisierung mit zudem steigendenen Grades in die Tiefe ... und natürlich der stetige Newsflow und die strukturierte Erweiterung der Ressourcen ...

    Ja, aber leider lässt das den Kurs bis jetzt alles komplett unbeeindruckt... warum? ?) ;)
    ...auch schon ein drittel im Minus mit der Krücke :whistling:

    • Offizieller Beitrag

    Ja, aber leider lässt das den Kurs bis jetzt alles komplett unbeeindruckt... warum? ?) ;) ...auch schon ein drittel im Minus mit der Krücke :whistling:


    Nach anfänglicher Begeisterung werde auch ich aus dieser Aktien nicht klug, weshalb ich lange heraus bin.


    Märkte sind manches mal launisch, aber ich habe mich nicht näher mit den Fundamentals beschäftigt.


    Money Flow dramatisch sinkend, sh.Chart.


    Was nutzen gute Bohrproben, wenn die Aktie auf Jahrestief sinkt und dort herumschwankt? ?(


    Vice versa steigen andere Explorer erstaunlich trotz Kursvervielfachung, zB. Foran / FOM.


    Grüsse
    Edel

  • Zugegebenermaßen ist die aktuelle Korrektur schon sehr andauern ... aber man darf auch nicht vergessen wo man herkam ... die letzte impulsive Aufwärtsbewegung aus Chartsicht hatte immerhin den Faktor ~10 ... da ist eine zwischenzeitliche Verschnaufspause durchaus üblich ;) ...


    Ich würde mir mal eine aktualisierte PEA wünschen, welche die aktuellen Bohrergebnisse und Rohstoffpreise beziffert ...


    Dennoch halte ich die länge der Korrektur - gerade bei den hervorrangenden Ergebnissen für übertrieben .. kann mir gut eine weitere impulsive Bewegung vorstellen - ähnlich 2020 .. hab da mal einen "Trendkanal" eingekriztelt ...



    und das

    • Offizieller Beitrag

    Ja, @warum, der Chart sieht konstruktiv aus.


    Der Ausbbruch dürfte kommen und gute Chance für Kauf bzw. Zukauf sein.


    Einer meiner Assistenten ist noch skeptisch:
    http://www.stockta.com/cgi-bin…URG.C&cobrand=&mode=stock


    Grüsse
    Edel


    "Die Märkte haben nie unrecht, die Menschen oft." Jesse Livermore, 20.Jh.

    "Die Demokratie ist das Paradies der Schreier und Schwätzer, Phraseure, Schmeichler und Schmarotzer, die jedem sachlichen Talent weit mehr den Weg verlegen, als dies in einer anderen Verfassungsform vorkommt." E.von Hartmann

    Dieser Beitrag ist eine persönliche Meinung gem. Art.5 Abs.1 GG und Urteil des BVG 1 BvR 1384/16

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