Surge Copper Intersects 80 metres of 1.2% CuEq including 32 metres of 2.0% CuEq at the Seel Breccia Zone

VANCOUVER, BC, Feb. 23, 2022

VANCOUVER, BC, Feb. 23, 2022 /PRNewswire/ -- Surge Copper Corp. (TSXV: SURG) (OTCQX: SRGXF) (Frankfurt: G6D2) ("Surge" or the "Company") is pleased to announce complete assay results for 13 holes from the Seel Breccia Zone at the Company's 100% owned Ootsa Property in British Columbia. The Seel Breccia Zone is located 200 metres north of the East Seel deposit and is known to contain high-grade copper and silver mineralization that extends from surface along a series of steeply dipping brecciated zones. Drilling during the summer 2021 program encountered this style of breccia mineralization in stepouts to the north, east and west of the known zone, and this release contains the fourth and final batch of results from follow-up drilling in this area. The first, second, and third batches of results were released on December 7, 2021, January 11, 2022, and February 1, 2022, respectively.

Highlights

• Hole S21-314, the last hole of the 2021 Seel Breccia drilling program, intersected 80 metres grading 1.16% copper equivalent from 22 metres downhole depth, including 32 metres grading 2.02% copper equivalent
• Hole S21-311 intersected 40 metres grading 0.81% copper equivalent from 82 metres downhole depth, including 10 metres grading 1.43% copper equivalent
• Hole S21-312 intersected 33.3 metres grading 1.05% copper equivalent from 10.7 metres downhole depth, including 22 metres grading 1.30% copper equivalent
• Hole S21-310 intersected 34 metres grading 0.73% copper equivalent from 72 metres downhole depth, including 6 metres grading 1.57% copper equivalent

Shane Ebert, President and VP Exploration, commented: "Holes S21-313, 314, and S06-42 define a zone of high-grade breccia-style mineralization that starts near surface, is over 100 metres wide, approaches 100 metres deep, and stands out as the widest zone of breccia-style mineralization along the 300 metre known strike length. We are very encouraged to see these high copper and silver grades hold together over a sizable area reinforcing our objective of identifying potential near-surface high-grade starter material."

Assay results have been received for 13 holes from the Seel Breccia Zone including holes S21-279, 292, 303, and 305 to 314. These are the final assay results from the 2021 drilling program at the Seel Breccia Zone. Twelve of the 13 drill holes intersected mineralization with 7 holes hitting high grades over downhole widths of 18 to 80 metres. Significant results are summarized in the table below. Hole locations and orientations are shown on the drill hole map and select holes are illustrated on the cross-sections below.

Holes S21-313 and 314 were located from the same pad near the eastern end of the Seel Breccia Zone and demonstrate a sizable coherent zone of high grade approximately 100 metres wide that starts near surface and extends to depths approaching 100 metres (see Figure 2). Hole S21-314 intersected 80 metres grading 0.89% copper and 22.8 g/t silver (1.16% copper equivalent) from 22 metres downhole, including 32 metres grading 1.58% copper and 39.1 g/t silver (2.02% copper equivalent). Hole S21-313 intersected 48 metres grading 1.06% copper and 24.7 g/t silver (1.55% copper equivalent) from 10 metres downhole, including 24 metres grading 1.74% copper and 42.3 g/t silver (2.63% copper equivalent).

Holes S21-279, 292, and 307 to 312 are located in the central part of the Seel Breccia Zone and drilled at varying dips and azimuths with some holes intersecting the main breccia zone and some drilled away from the zone and not testing it. Figure 3 shows a cross-section through the zone defining a near-surface zone of high-grade mineralization exceeding 50 metres wide and extending to roughly 75 metres depth. Several holes tested the zone below 75 metres depth and encountered either no mineralization or mineralization over narrow widths indicating the zone may pinch out at depth in this area. Results from these holes are highlighted by hole S21-310 which intersected 34 metres grading 0.56% Cu and 9.7 g/t silver (0.73% copper equivalent) from 72 metres downhole, hole S21-311 which intersected 40 metres grading 0.59% Cu and 16.9 g/t silver (0.81% copper equivalent) from 82 metres downhole, and hole S21-312 which intersected 33.3 metres grading 0.78% Cu and 21.6 g/t silver (1.05% copper equivalent) from 10.7 metres downhole.