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    Surge Copper TSX.V:SURG

    The coming copper crunch

    http://aheadoftheherd.com/Newsletter...per-crunch.pdf

    #2
    Golden Triangle’s Red Line

    http://aheadoftheherd.com/Newsletter...s-Red-Line.pdf

    Comment


      #3
      MR. RANDALL THOMPSON JOINS SURGE COPPER'S BOARD OF DIRECTORS

      Randall Thompson, the former president of Huckleberry Mines Ltd., has joined Surge Copper Corp.'s board of directors.

      Mr. Thompson has extensive mine operating and mine building expertise, including 10 years of direct experience on mines and mine projects in British Columbia. From 2012 to 2017 he was president and chief operating officer at the Huckleberry mine, located directly adjacent to Surge Copper's Ootsa project. Mr. Thompson has supervised large development projects including the roughly $100-million expansion of the Huckleberry mine and the $450-million construction of the Jabal Sayid mine in Saudi Arabia for Equinox Minerals. More recently Mr. Thompson worked on optimizing operations for the Silvertip mine in Northern British Columbia prior to the takeover of JDS Silver by Coeur Mining. Previous board experience includes directorship for Minto Explorations in the Yukon and the Mining Association of British Columbia.

      Dr. Shane Ebert, chief executive officer of Surge Copper, commented: "Randall's knowledge and commitment to safety, environmental compliance and operational excellence will be a huge benefit as we ramp up our exploration efforts while evaluating development opportunities for our Ootsa project. His strong technical background and creativity is an excellent addition to our board. We welcome him to our team and are excited to move our project forward."

      Conrad Swanson has stepped down from the board to make room for Mr. Thompson and will become an adviser to the company. Mr. Thompson has been granted 200,000 stock options exercisable at 11 cents per share for a term of five years from the date of grant pursuant to the company's stock option plan.

      Financing

      The company has arranged a non-brokered private placement of up to 400,000 units at a price of 12 cents per unit for gross proceeds of $48,000. Each unit consists of one common share of the company and one-half of one non-transferable common share purchase warrant. Each whole warrant will entitle the holder to acquire an additional common share of the company at an exercise price of 15 cents per share for a period of 24 months from the closing date of the private placement.

      The proceeds of the private placement will be used for the purpose of carrying out the exploration programs on the company's British Columbia property and for general working capital.

      The financing is subject to TSX Venture Exchange approval.

      About Surge Copper Corp.

      The company owns a 100-per-cent 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. The property contains National Instrument 43-101-compliant resources of 224 million tonnes in the measured and indicated categories with contained metals of 1.1 billion pounds of copper and one million ounces of gold.

      Dr. Shane Ebert, PGeo, is the qualified person for the Ootsa project as defined by National Instrument 43-101 and has approved the technical disclosure contained in this news release.

      Comment


        #4
        Surge Copper: 3 great scenarios

        http://aheadoftheherd.com/Newsletter...-scenarios.pdf

        Comment


          #5
          Copper price soars to 3-month high

          http://www.mining.com/copper-price-soars-3-month-high/

          Comment


            #6
            SURGE COPPER CORP RECEIVES 5 YEAR EXPLORATION PERMIT FOR OOTSA AND CLOSES PRIVATE PLACEMENT

            Surge Copper Corp. has received a new five-year exploration permit of the Ootsa deposit in British Columbia and has closed a private placement.

            5-Year Exploration Permit Received

            The new exploration permit allows the Company to drill an additional 150 holes, build necessary drill access roads, and conduct additional trenching and geophysical surveying. The permit also allows the Company to maintain its existing 30-man exploration camp and core facility. Surge Copper plans to drill a minimum of 3,000 metres at Ootsa this summer, testing priority targets around the East and West Seel deposits, with a few holes targeting deposit expansion. The Company also plans to conduct surface exploration programs at multiple copper, gold, and silver exploration targets on the Ootsa Property.

            Non-Brokered Private Placement Completed

            The Company is pleased to announce it has closed the non-brokered private placement announced on May 29, 2018, consisting of 400,000 units ("Units") at a price of $0.12 per Unit raising gross proceeds of $48,000. Each Unit is comprised of one common share of the Company and one-half of one non-transferable common share purchase warrant ("Warrant"). Each whole warrant entitles the holder thereof to purchase one common share of the Company, for 24 months, at an exercise price of $0.15 per share after the closing date of the private placement.

            The proceeds of the private placement will be used for the purpose of carrying out the exploration programs on the Company's British Columbia property and for general working capital.

            All securities issued in conjunction with this private placement are subject to a hold period expiring four months plus a day after the date of their issuance.

            Comment


              #7
              Copper price and cars: Boom goes beyond electric vehicles

              http://www.mining.com/copper-price-c...ampaign=digest

              Comment


                #8
                SURGE COPPER COMMENCES EXPLORATION AT OOTSA PROPERTY

                Exploration has started at Surge Copper Corp.'s 100-per-cent-owned Ootsa property. The Ootsa property is an advanced-stage copper-gold exploration project containing the East Seel, West Seel and Ox porphyry deposits and is located adjacent to the Huckleberry open-pit copper mine. A field crew has started a surface exploration program and is constructing drill pads. Drilling is anticipated to start during the first week of July.

                Comment


                  #9
                  SURGE COPPER HAS ARRANGED A $150,000 NON-BROKERED PRIVATE PLACEMENT

                  Surge Copper Corp. has arranged a non-brokered private placement of up to 1.5 million units at a price of 10 cents per unit for gross proceeds of $150,000. Each unit consists of one common share of the company and one common share purchase warrant. Each warrant will entitle the holder to acquire an additional common share of the company at an exercise price of 18 cents per share for a period of three years from the closing date of the private placement.

                  The proceeds of the private placement will be used for the purpose of carrying out the exploration programs on the company's British Columbia property and for general working capital.

                  The financing is subject to TSX Venture Exchange approval.

                  About Surge Copper Corp.

                  The company owns a 100-per-cent 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. The property contains National Instrument 43-101-compliant resources of 224 million tonnes in the measured and indicated categories with contained metals of 1.1 billion pounds of copper and one million ounces of gold.

                  Comment


                    #10
                    Exploration program begins for Surge Copper

                    http://aheadoftheherd.com/Newsletter...rge-Copper.pdf

                    Comment


                      #11
                      World's biggest miners want more copper but nobody's selling

                      http://www.mining.com/web/worlds-big...bodys-selling/

                      Comment


                        #12
                        Wanna buy a copper mine? Ask a junior

                        http://aheadoftheherd.com/Newsletter...k-a-junior.pdf

                        Comment


                          #13
                          Looking forward to AOTH doing a property visit to Ootsa the first week of August.

                          rick

                          SURGE COPPER CORP. INCREASES NON-BROKERED PRIVATE PLACEMENT

                          Surge Copper Corp. has increased its non-brokered private placement of 1.5 million units for total proceeds of $150,000 to 2.3 million units for total proceeds of $230,000. All terms of the private placement will remain the same. The company will close the private placement immediately upon receiving final TSX Venture Exchange acceptance.

                          About Surge Copper Corp.

                          The company owns a 100-per-cent 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. The property contains National Instrument 43-101-compliant resources of 224 million tonnes in the measured and indicated categories with contained metals of 1.1 billion pounds of copper and one million ounces of gold.

                          Comment


                            #14
                            SURGE COPPER CORP. HAS CLOSED $230,000 NON-BROKERED PRIVATE PLACEMENT

                            Surge Copper Corp. has closed the non-brokered private placement announced on July 11, 2018, and July 24, 2018, consisting of 2.3 million units at a price of 10 cents per unit and raising gross proceeds of $230,000. Each unit comprises one common share of the company and one non-transferable common share purchase warrant. Each warrant entitles the holder thereof to purchase one common share of the company for 36 months at an exercise price of 18 cents per share after the closing date of the private placement.

                            The proceeds of the private placement will be used for the purpose of carrying out the exploration programs at the company's British Columbia property and for general working capital.

                            All securities issued in conjunction with this private placement are subject to a hold period expiring four months plus one day after the date of issuance.

                            Comment


                              #15
                              SURGE COPPER CORP. INTERSECTS NEW ZONE OF COPPER MINERALIZATION AT OOTSA

                              Surge Copper Corp. has discovered a new copper zone within a covered area at the company's 100-per-cent-owned Ootsa property. The Ootsa Property is an advanced stage copper-gold exploration project containing the East Seel, West Seel and Ox porphyry deposits, and is located adjacent to the Huckleberry Copper Mine in British Columbia.

                              New Discovery

                              A 3000 metre drill program is currently underway at the Ootsa Property and the second hole of the program, hole S18-212, has intersected a new zone of mineralization located 500 metres northeast of the East Seel deposit. Hole S18-212 was drilled at an azimuth of 135 degrees, a dip of -50 degrees, and is intensely altered from the start of bedrock at 10 metres depth, to the end of the hole at 483.4 metres depth. The hole contains localized and variable zones of mineralization consisting of pyrite, chalcopyrite, and sphalerite along with carbonate and quartz. The mineralization occurs as a sulfide rich breccia matrix and in sulfide veins and veinlets and is best developed between about 218 and 296 metres depth. Hole S18-214 is a 100 metre step out from hole S18-212 and was also drilled at an azimuth of 135 degrees and a dip of -50 degrees. Hole S18-214 intersected the same mineralized sulfide breccia as hole S18-212 and has traced the mineralized zone closer to surface. Hole S18-214 encountered 55.3 metres of overburden prior to hitting highly altered bedrock, and intersected sulfide breccia mineralization from 91 to 120 metres depth with weaker breccia below. Hole S18-214 is still being drilled.

                              The style of mineralization encountered in holes S18-212 and 214 is distinct from the porphyry style mineralization that occurs at the East and West Seel deposits but this style has been intersected at Ootsa previously. Hole S06-42 encountered this style of mineralization and highlights its potential to host high grades as the hole returned 138 metres grading 0.84% copper and 22.1 g/t silver, including 42 metres grading 1.24% copper, 32 g/t silver, and 0.13 g/t gold (previously released).

                              The significance of the new discovery, including size, grade, and continuity has not yet been established. Additional drilling is planned to help establish the geometry and further evaluate its potential.

                              Photographs of the mineralization between 235.5 and 270.2 metres depth in hole S18-212 and 91.9 and 116.1 metres in hole S18-214 are available in the photo gallery on our website at www.surgecopper.com or by clicking here. Note these photographs are from select intervals containing relatively strong sulfide breccia and are not representative of the entire holes. Hole S18-212 has been logged, sampled, and sent for assay with results expected within 4 weeks. Hole S18-214 is still being drilled and will be sent for assay once the hole is complete.

                              Drill Program Update

                              The first hole of the 2018 program, hole S18-211, was a 50 metre step out on the East Seel deposit and was designed to evaluate the potential to expand near-surface mineralization along the margin of the deposit. The hole was successfully drilled to a total depth of 209.8 metres. Assay results from this hole are expected within 2 weeks. The second hole of the program (S18-212) hit the new zone of mineralization described above, and the 3rd hole of the program (S18-213) targeted a coincident magnetic-chargeability-resistivity geophysical anomaly located 650 metres east of the East Seel Deposit. Hole S18-213 was abandoned in an altered fault zone at 120.7 metres depth due to difficult drilling conditions and did not fully test the target. The drill is currently working on the 4th hole of the program (S18-214) which is a 100 metre step out from hole S18-212.

                              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. The property contains NI 43-101 compliant resources of 224 million tonnes in the Measured and Indicated categories with contained metals of 1.1 billion pounds of copper and 1 million ounces of gold as summarized in the table below.



                              Ootsa Project Pit Constrained Mineral Resource Estimate at $8.50/t NSR Cut-off Value Tonnes CuEq Cu Au Mo Ag CuEq Cu Au Mo Ag Category (000s) % % g/t % g/t M lbs M lbs K oz M lbs K oz Measured 187,148 0.38 0.23 0.15 0.021 2.8 1,568 934 916 85 17,089 Indicated 37,041 0.35 0.21 0.12 0.023 2.8 286 175 146 19 3,368 M&I 224,189 0.37 0.22 0.15 0.021 2.8 1,854 1,109 1,062 104 20,457


                              On February 9, 2016, the Company announced a positive Preliminary Economic Assessment (PEA) for the Ootsa Property with potential for low capital cost, low risk and rapid pay back utilizing existing infrastructure in the district with a contract mining and toll milling scenario. The study recommends the Company continue to advance the Ootsa Project with extended and advanced technical studies with the intention of moving the project toward a production decision.

                              The current technical report supporting the resource statement and PEA is available on SEDAR or the Company's website at www.surgecopper.com and has an effective date of January 2016. The resource estimate uses $8.50 per tonne NSR cut-off value. Mineral resources are not mineral reserves and by definition do not demonstrate economic viability. There is no certainty that all or any part of the mineral resource will be converted into mineral reserves. A `Measured Mineral Resource' is that part of a mineral resource for which quantity, grade or quality, densities, shape and physical characteristics are so well established that they can be estimated with confidence sufficient to allow the appropriate application of technical and economic parameters, to support production planning and evaluation of the economic viability of the deposit. An `Indicated Mineral Resource' is that part of a Mineral Resource for which quantity, grade or quality, densities, shape and physical characteristics can be estimated with a level of confidence sufficient to allow the appropriate application of technical and economic parameters, to support mine planning and evaluation of the economic viability of the deposit. Copper Equivalent (CuEq) calculations are based on base case metal price (US$3/lb Cu, US$1260/oz Au, US$10.30/lb Mo, and US$17/oz Ag) and process recovery assumptions, and take into account smelter payable rates and refining costs. M&I = measured and indicated. The resource update and Preliminary Economic Assessment was completed by P&E Mining Consultants Inc. in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

                              Dr. Shane Ebert P.Geo., is the Qualified Person for the Ootsa project as defined by National Instrument 43-101 and has approved the technical disclosure contained in this news release.

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