OOTSA PROPERTY
HIGHLIGHTS
- Located in British Columbia within an established mining district.
- Three advanced stage Cu-Au-Mo-Ag porphyry deposits strategically located adjacent to the Huckleberry mine and mill complex which has limited reserves.
- Ootsa is 100% owned by Surge Copper Corp, is road accessible, and close to infrastructure.
- Large NI 43-101 compliant resource base defined by 144,000 metres of drilling in over 350 drill holes.
- Preliminary Economic Assessment shows highly positive economics utilizing the existing infrastructure in the district.
- Exploration agreements are in place with First Nation Groups, Advanced First Nation agreements are in progress.
- Near surface high grade mineralization at the East Seel deposit, hole 148 returned 146.3 metres grading 0.94% copper equivalent (0.51% Cu, 0.59 g/t Au).
- The recently discovered West Seel deposit is open for expansion, hole 118 intersected 537 metres grading 0.65% copper equivalent (0.27% Cu, 0.19 g/t Au, 0.055% Mo).
- The large 72,710 hectare property contains multiple exploration targets.
OOTSA PROJECT
The Ootsa Project is located 120 kilometres south of the town of Houston, BC, and is located on the south side of Tahtsa Reach with good all weather road access. The claims contain a network of logging roads providing excellent road access throughout the central and eastern portion of the claim block. The Ootsa Property is adjacent to the Huckleberry Mine and Mill Complex owned by Imperial Metals Corporation.
Claim Map of the Ootsa Property Showing the Location of Known Mineralized Zones
The Ootsa Property is supported by a 35-man exploration camp. Exploration activity can be conducted year-round. To date Surge has drilled 144,000 metres of core on the project in over 350 holes.
Left: Ootsa exploration camp. Right: drilling at Ootsa
A summary of select drilling highlights from the East Seel, West Seel and Ox deposits are presented in the table below and illustrate the long intercepts of strong mineralization encountered at Ootsa. All drill holes for the project have been previously released.
DRILL HOLE | DEPOSIT | FROM (M) | TO (M) | WIDTH (M)* | CU EQ%** | CU % | AU G/T | MO % | AG G/T |
|---|---|---|---|---|---|---|---|---|---|
| S06-42 | East Seel | 22 | 160 | 138 | 1.07 | 0.84 | 0.06 | - | 22.11 |
| S13-148 | East Seel | 31.7 | 178 | 146.3 | 0.94 | 0.51 | 0.59 | - | 2.33 |
| S13-148 | East Seel | 31.7 | 76 | 44.3 | 1.76 | 0.94 | 1.12 | - | 3.46 |
| S13-157 | East Seel | 31.7 | 218 | 186.3 | 0.67 | 0.37 | 0.41 | - | 1.82 |
| S13-177 | East Seel | 26.8 | 213 | 186.2 | 0.78 | 0.39 | 0.53 | - | 1.86 |
| S13-178 | East Seel | 26.5 | 170 | 143.5 | 0.87 | 0.46 | 0.55 | - | 2.43 |
| S13-183 | East Seel | 38 | 134 | 96 | 1.04 | 0.58 | 0.62 | - | 2.75 |
| S13-183 | East Seel | 76 | 100 | 24 | 2.01 | 1.11 | 1.22 | - | 4.98 |
| S11-100 | West Seel | 170 | 736.7 | 566.7 | 0.51 | 0.25 | 0.173 | 0.028 | 3.4 |
| S12-101 | West Seel | 262 | 1079 | 817 | 0.45 | 0.2 | 0.21 | 0.026 | 2.24 |
| S12-118 | West Seel | 350 | 887 | 537 | 0.65 | 0.27 | 0.19 | 0.055 | 2.69 |
| S12-118 | West Seel | 356 | 660 | 304 | 0.79 | 0.33 | 0.24 | 0.065 | 3.41 |
| S14-208 | West Seel | 431 | 591 | 160 | 0.93 | 0.38 | 0.41 | 0.056 | 4.29 |
| S14-210 | West Seel | 199 | 867 | 668 | 0.56 | 0.28 | 0.17 | 0.033 | 3.34 |
| S14-210 | West Seel | 361 | 533 | 172 | 0.89 | 0.39 | 0.29 | 0.062 | 4.99 |
| Ox13-46 | Ox | 5.1 | 167 | 161.9 | 0.53 | 0.36 | 0.06 | 0.028 | 1.85 |
| Ox13-62 | Ox | 5.8 | 86 | 80.2 | 0.63 | 0.43 | 0.07 | 0.035 | 1.73 |
| Ox13-80 | Ox | 18.3 | 246 | 227.7 | 0.52 | 0.34 | 0.05 | 0.032 | 1.73 |
| Ox13-110 | Ox | 5.4 | 108.7 | 103.3 | 0.66 | 0.44 | 0.06 | 0.04 | 1.89 |
*Width refers to drill hole intercepts, true widths have not been determined. **Cu Eq. (copper equivalent) has been used to express the combined value of copper, molybdenum, gold and silver as a percentage of copper, and is provided for illustrative purposes only. No allowances have been made for recovery losses that may occur should mining eventually result. Calculations use metal prices of US $2.50/lb copper, $1200/oz gold, $15 silver, and $10/lb molybdenum using the formula Cu Eq.% = Cu% + (Au g/t x 0.701) + (Ag g/t x 0.0087) + (Mo% x 4.01).
CURRENT ACTIVITIES
The Ootsa property contains numerous untested Cu-Au porphyry exploration targets adjacent to and on trend with known deposits. The large property also contains numerous Au-Ag and base metal zones that have seen limited modern exploration. During the 2021 field program, the Company plans to advance Ootsa with 3 main objectives:
- Optimize the existing deposits by expanding existing resources and known higher grade trends where they remain open, and continue ongoing efforts to remove project risk which could include social, geotechnical, metallurgical, and environmental work.
- Drill test high priority Cu-Au porphyry targets that occur proximal to the existing deposits. The objective will be to target new zones of near surface mineralization that would enhance the economics of the project.
- Advance several gold silver and base metal exploration targets within the Ootsa claim block. This will include early stage surface exploration with the possibility of drill testing later in the season