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Surge Exploration Inc. Acquires Additional Gold-Copper Mineral Claim in British Columbia's Golden Triangle

Mining News - Published on Mon, 09 Sep 2019

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Surge Exploration Inc announced that it has recently acquired 100% interest in an additional Gold Copper mineral claim adjoining its Trapper Lake Property in Northern British Columbia near the Golden Bear Mine, a 480,000 oz Au past producer, currently owned by Newmont Goldcorp Corporation. It should be noted that results from nearby and/or adjacent properties are not necessarily indicative or reflective of mineralization that may be hosted on the Company’s property. The mineral claim owned by Surge is nearby the Thorn Project currently owned by Brixton Metals Corp located in the Sutlahine River area of northwestern British Columbia. Surges’ additional staking program complements its previously announced 213 square kilometer mineral claim staking program Golden Triangle originally announced on July 16,2019, reiterating the Company's commitment to region. This new claim has been acquired to provide additional exploration potential around the boundaries of the former Golden Bear Mine.

Mr Tim Fernback, Surge CEO, said that "We are very excited to acquire this key additional mineral claim in BC's prolific Golden Triangle near Newmont Goldcorp's Golden Bear Mine and nearby Brixton Metal's Thorne Project. With Brixton Metals announcing on August 8,2019 that renowned gold mining investor, Mr Eric Sprott, through 2176423 Ontario Ltd acquired 22,250,000 Units for total consideration of USD 4,005,000 of its recently completed USD 7.7 million private placement, this area appears to be quite active for gold exploration. It is notable that following the completion of the August 2019 private placement, Mr Sprott's holdings including previously held shares will represent 18.25% of the issued and outstanding common shares of Brixton Metals, on a non-diluted basis."

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Posted By : Rabi Wangkhem on Mon, 09 Sep 2019
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