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Surge Copper Corp V.SURG

Alternate Symbol(s):  SRGXF

Surge Copper Corp. is a Canada-based company, which is advancing critical metals district in a developed region of British Columbia, Canada. The Company is engaged in the acquisition, exploration and development of mineral properties. The Company owns a 100% interest in the Ootsa Property, an advanced-stage exploration project containing the 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, Indicated, and Inferred categories. It also has a 70% interest from Centerra Gold. The Company also has a 70% interest in the Berg Property from Centerra Gold. The Berg deposit contains pit constrained 43-101 compliant resources of copper, molybdenum, silver, and gold in the Measured, Indicated, and Inferred categories. Its wholly owned subsidiary is Ootsa Ventures Ltd.


TSXV:SURG - Post by User

Comment by DrillMonkeyon Dec 21, 2021 12:42pm
95 Views
Post# 34250994

RE:RE:Surge Insider Buying

RE:RE:Surge Insider BuyingBeabag, you're right it is interesting.... moreso when you consider the 2021 drill holes that haven't come back from the labs yet. Read the press releases since September carefully and you'll see that they have been 'teasing' the pending results from the newly drilled Breccia zone. They did about 9,000 meters there and have only just started to get those results back earlier this month (when insiders were buying). The results so far are very impressive -- the first hole was 47m of 1.7% copper equivalent, and like the rest of the nearby Seel deposits it's very shallow. If the remaining 8000m from this area comes back with similar grades, then 2022 should be a banner year. They also had $11 million cash in the bank 3 months ago, which is proabbaly closer to 8 mil now after they paid their drilling contractor, assay labs, and engineering firm for the pending resource update. I picked up some more this morning.
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