Surge Copper Outlines Pre-Feasibility Technical Work Programs at Berg and Announces Additional Private Placement for up to $1.0 million
Vancouver, British Columbia, April 10, 2024 (GLOBE NEWSWIRE) — Surge Copper Corp. (TSXV: SURG) (OTCQB: SRGXF) (Frankfurt: G6D2) (“Surge” or the “Company”) is pleased to provide an update on planned technical work programs in support of a pre-feasibility study for the 100%-owned Berg copper-molybdenum-precious metals project located in central British Columbia. The Company is in the advanced planning stages for several programs as outlined below which are expected to commence in the coming weeks and extend through the summer field season, with further announcements to be provided upon commencement. The development of these programs is based on the recommendations contained in the preliminary economic assessment for the Berg Project, titled “Berg Project – NI 43-101 Technical Report and Preliminary Economic Assessment” dated effective as of June 12, 2023 (see June 13, 2023 press release) (the “PEA”) which outlined a total budget of approximately C$7.85 million to complete a pre-feasibility study, including approximately 8,500 metres of drilling, of which approximately 2,000 metres was completed in 2023.
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