21 Jun Surge Copper reports 96% increase to M&I resource at Ootsa in BC
TSXV-listed explorer Surge Copper Corp has updated its mineral resource estimate (MRE) for the Ootsa Property in British Columbia (BC), incorporating a drill hole database comprising of approximately 152,000 metres of diamond drilling.
The MRE combines multiple mineralised zones at the Seel deposit area into a single pit constrained volume and demonstrates both the overall size of the mineral endowment at Ootsa, as well as the presence of near-surface, higher-grade subsets of the resource, which could be eventually form starter pits.
Following the latest update, the MRE currently stands at 439 million tonnes (Mt) grading 0.32% copper equivalent (CuEq) in the combined measured and indicated (M&I) categories. This resembles a 96% increase on the previous estimate of 2016, plus an additional 138 Mt grading 0.28% CuEq in the inferred category – comprised of the Seel and Ox deposits.
“Our objective with the drill campaigns in 2020-2021, and this resource estimate, were to determine the characteristics of a “super-pit” resource at Ootsa that would encompass various zones at Seel including the large mineralized zone at West Seel, the near-surface gold-rich zone at East Seel, and the high-grade Breccia Zone,” said Surge’s CEO Leif Nilsson.
“This result demonstrates the significant overall size of the Seel system and the flexibility represented by the near-surface higher-grade zones, including the Breccia Zone which has seen an approximate quadrupling in size and remains open for further expansion.
“In a world that is starved of developable large-scale copper resources in safe jurisdictions, the Ootsa-Berg district is special due to its significant size potential and proximity to world-class mining infrastructure,” he added.