VANCOUVER, BC, Sept. 1, 2021 /PRNewswire/ — Surge Battery Minerals Inc. (the “Firm” or “Surge”) (TSXV: NILI) (OTCQB: NILIF) (FRA: DJ5C) is happy to announce that it has begun its fall exploration program on the Caledonia Copper – Silver Undertaking in Northern Vancouver Island, 15 km southwest of Port Hardy, British Columbia. The claims are positioned within the Nanaimo Mining District of northern Vancouver Island.
The Caledonia, Cascade and Bluebell claims are 7 km north-west of BHP’s previous producing Island Copper mine which was accountable for extracting 345 million metric tonnes @ 0.41% Cu, 0.017% Mo, 0.19 g/t Au, and 1.4 g/t Ag. Throughout its prime working interval the Island Copper mine was Canada’s third-largest copper producer. The Caledonia, Cascade and Bluebell claims space lies inside a 50-kilometer-long copper belt northwest of the Island Copper mine.
The next quotes comprise historic estimates on the Property and has been obtained from The B.C. Ministry of Vitality and Mines Minfile information for MINFILE No 092L 209 which states: “In 1929, 0.9 tonnes of ore was shipped from the property, grading 514.2 grams per tonne Silver and seven.3 per cent Copper (Malcolm, 1969). A chip pattern collected throughout 1.8 metres in 1926 assayed hint gold, 418.2 grams per tonne Silver, 2.0 per cent Copper, 0.8 per cent lead and 10.0 per cent Zinc (Minister of Mines Annual Report 1926).”
“Sampling in 2007 from trenching returned values of 581.7 g/tonne Silver (16.97 oz./ton), 4.42% Copper, 0.13% Lead, 8.97% Zinc from the skarn deposit. Metallurgical testing signifies that flotation offers excessive restoration charges for Silver and Copper. Discussions have been initiated concerning delivery a ten,000 tonne bulk pattern to the Myra Falls mill” (J.T Shearer P.Geol report 2013).
Abstract of the Fall 2021 Preliminary Work Program
The property was visited by Johan Shearer, Undertaking QP, on July16, 2021 and is accessible by gravel highway. The principal objective of the go to was to:
evaluation the general accessibility of the property,
meet with native authorities and first nations representatives,
interact native exploration service suppliers,
verify present permits and necessities,
conduct modest area work when it comes to soil sampling and assaying floor rocks, outcrops and former exploration tailings, and
conduct the required investigation for the completion of a brand new N.I. #43-101 Technical Report.
Soil and Rock Samples had been despatched to the ALS World testing lab for evaluation. As soon as the preliminary assaying is full a N.I. #43-101 Technical Report will likely be accomplished with a beneficial work program. The Firm anticipates that this preliminary assay testing will likely be accomplished inside October 2021, and the N.I. #43-101 Technical Report filed by November 2021.
Mr. Greg Reimer, Surge President & CEO states, “Northern Vancouver Island has had a powerful historical past of mineral exploration and mining, but it surely stays comparatively underexplored, which means there may be loads of blue-sky potential for right this moment’s mining corporations. Aside from the beforehand mined BHP deposit, there are a selection of huge copper porphyry occurrences which, taken collectively, have a reported Lifetime of Mine steel manufacturing of two.35 billion kilos of Copper (indicated useful resource), 4.0 million ounces of Gold (indicated useful resource) and 55 million kilos of molybdenum (Supply: NorthIsle Copper & Gold Inc.) Surge administration sees sturdy potential for the exploration and discovery of a pretty mineral deposit on this atmosphere. I imagine we will tremendously develop on the identified mineral useful resource on the Caledonia property. The potential of the realm is thrilling for me personally and we imagine for our buyers as nicely.”
Johan T. Shearer M.Sc., P.Geo. (BC & Ontario) FSEG is a professional individual as outlined by NI# 43 – 101, is accountable for the technical data contained on this launch.
About Surge Battery Metals Inc. surgebatterymetals.com
The Firm is a Canadian-based mineral exploration firm which has been lively within the useful resource sector in British Columbia and elsewhere in Canada.
Nevada Lithium Claims
The Firm has acquired 38 mineral claims positioned in Nevada. The Northern Nevada Lithium Undertaking is positioned within the Granite Vary about 34 line- km southeast of Jackpot, Nevada, about 73 line-km north-northeast of Wells, Nevada. The goal is a Thacker Go or Clayton Valley sort lithium clay deposit in volcanic tuff and tuffaceous sediments of the Jarbidge Rhyolite package deal. The mission space was first recognized in public area stream sediment geochemical information with observe up sediment sampling and geologic reconnaissance. The Acquisition is topic to Change approval.
Caledonia Undertaking, Vancouver Island, BC
Surge Battery Metals Inc. has entered right into a Property Possibility Settlement to amass a 100% curiosity in seven (7) mineral claims often called the Caledonia, Cascade and Bluebell, topic to a NSR between 1-2%. Situated within the Nanaimo Mining District of northern Vancouver Island.
British Columbia Nickel Undertaking
Laborious Nickel 4 and Nickel 100 Claims
The Mount Sidney Williams space Laborious Nickel Declare Teams, masking 1863 hectares instantly south of and adjoining to the Decar Undertaking teams within the Mount Sidney Williams space, and whole Nickel 100 Declare Group, masking 8659 hectares within the Mitchell Vary space. All six claims included within the transaction are held 100% by Nickel Rock, and three of the claims are topic to 2% NSR, together with the Laborious Nickel 4 declare and the 2 southernmost claims of the Nickel 100 Declare Group. Topic to TSXV Approval, Surge will personal an 80% curiosity within the Laborious Nickel 4 and Nickel 100 Claims, with Nickel Rock Assets Inc. (TSXV: NICL) retaining the remaining 20% curiosity.
On Behalf of the Board of Administrators
Greg Reimer, President & CEO
Neither the TSX Enterprise Change nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change) accepts accountability for the adequacy or accuracy of this launch. This information launch could comprise ahead–wanting statements which embrace, however will not be restricted to, feedback that contain future occasions and circumstances, that are topic to numerous dangers and uncertainties. Aside from statements of historic info, feedback that handle useful resource potential, upcoming work packages, geological interpretations, receipt and safety of mineral property titles, availability of funds, and others are ahead–wanting. Ahead–wanting statements will not be guaranteeing future efficiency and precise outcomes could fluctuate materially from these statements. Normal enterprise circumstances are elements that would trigger precise outcomes to fluctuate materially from ahead–wanting statements.
Surge Battery Metals Inc.
1220 – 789 West Pender Road
Vancouver, BC, Canada V6C 1H2
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SOURCE Surge Battery Minerals Inc.