Surge Exploration Inc. (SURJF)
Alert Price: $0.0529
Website | Recent News
Turn your full attention to our exciting new profile Surge Exploration, Inc. (OTCQB: SURJF).
Surge Exploration also trades on the TSX-V under the symbol ( ), and on the Frankfurt Stock Exchange under the symbol (DJ5C).
Here's what you need to focus on this instant...
>> Today's #1 Catalyst: Breaking News Release <<
Reported Friday morning, SURJF releases breaking acquisition news:
Surge Acquires Additional Gold-Copper Mineral Claim in British Columbia's Golden Triangle
VANCOUVER, British Columbia, Sept. 6, 2019 /CNW/ -- Surge Exploration Inc. ("the Company" or "Surge") (TSXV: ) (OTC: SURJF) (FRA: DJ5C) announces 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 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. ("Brixton") located in the Sutlahine River area of northwestern British Columbia (northern tip of the "Golden Triangle"). Surges' additional staking program complements its previously announced 213 sq . km 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.
Tim Fernback, Surge CEO states, "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. (a corporation which is beneficially owned by him) acquired 22,250,000 Units for total consideration of $4+Mn of its recently completed $7.7Mn 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."
>> Today's #2 Catalyst: Technical Indicators <<
Barchart has very opinions about this stock.
As of the morning of Friday, 9/6, Barchart gives several "BUY" recommendations because of short, medium, and long-term indicators for SURJF. These include:
20-Day Moving Average
20-50 Day Oscillator
20-100 Day Moving Oscillator
50-Day Moving Average
50-100 Day Oscillator
50-150 Day Oscillator
100-Day Moving Average
150-Day Moving Average
200-Day Moving Average
At the moment, all nine are triggered as "BUY" indicators.
On top of those, Barchart's TrendSpotter is also triggered as a "BUY". The TrendSpotter is an overall composite indicator.
Have You Been Paying Attention To Gold Prices/Stocks?
Over the past 12 months, gold stocks have been soaring. Check out a few of them I'd like to bring to your attention below.
1.) This first company is Newmont Mining Corp . ( NEM ), a stock that has grown roughly $10 in 1 year.
2.) Barrick Gold Corp . ( GOLD ) is another gold stock to make a $10 climb in 12 months.
3.) Finally, . ( ) has grown nearly 200% in almost 1 years time.
3 gold stocks. 3 charts showing extreme growth short-term.
Now,one the most impressive things we’ve seen from Surge Exploration has been the management’s foresight to acquire the majority of the BC Gold properties last year when the price of Gold was US$1,200 per ounce.
Here’s a look at how gold has performed over the last 6 months:
When I name Surge a land bank, it’s because the true value of its properties lies in their future sale or development.
We’re talking about those early stage mineral properties containing commercial grade deposit that will eventually be developed into active mining operations.
But there’s one big catch here…
Surge isn’t just sitting on one potential blockbuster property — these guys have THREE at play, all of which are perfectly situated next to some major mining players.
You see, Surge is a Tier 2 mining company that is focused on the exploration and development of several mineral properties in the mining-friendly province of British Columbia.
Nothing is out of bounds for these guys, be it gold and copper , or even lithium and cobalt resources.
Located in the Omineca Mining District in British Columbia, Surge’s Mineral Mountain copper-gold project can be found approximately 150 km north of Fort St . James.
Right now, the Omineca Mining District is one of the hottest copper and gold exploration areas on the planet.
In fact, it’s home to some serious players in the mining sector, including Teck Resources, which is currently trading with a market cap of $9.5Bn.
The district is also home to the Stardust property.
And make no mistake, Surge’s acreage is right in the thick of everything.
Here’s a look at its Mineral Mountain properties:
Currently, Surge controls approximately 265 sq . miles (26,455 hectares) in mineral claims in the district, which as you can see are located adjacent several major deposits.
For those of you that aren’t still following the development of the Stardust property, Sun Metals is running two diamond drill rigs in the area, and their $5.4Mn 2019 program is already underway, and involves diamond drilling, electromagnetic geophysical surveys, and ongoing geological studies.
To be clear here, Surge’s multiple properties are 100pct. owned, in close proximity of the Sun Metal’s 2018 Gold/Copper discovery and are close too or adjoining Sun Metals’ main discovery hole of 5pct. copper equivalent on the Stardust property.
Phase One of Surge’s exploration program right now includes reconnaissance prospecting, geological mapping, and a heavy metal panned concentrate sampling survey of all relevant drainages within it claim blocks.
This work will be followed up by surveys into the higher elevations of the claims, and should involve more soil sampling, geophysics, and trenching subsequent to diamond drilling.
The “Golden Triangle”
British Columbia’s “Golden Triangle” is an historic mining region that stretches from the south near Stewart, and extends north to the Alaskan panhandle.
So far, more than 130Mn ounces of gold , 800Mn ounces of silver , and 40Bn pounds of copper have been extracted from this mining region.
And things are really starting to heat up…
Two years ago, roughly 40pct. of the total expenditures on mineral exploration in British Columbia was spent in the northwest region of the province.
Surge Exploration’s Trapper Lake is located right next to Brixton’s Thorn project in northwestern British Columbia.
First, here’s a look at the Trapper Lake property:
Now, for those of you that aren’t familiar with Brixton and its recent success, let me catch you up.
Over the last couple of months, we got a firsthand look at how truly explosive this situation can get for investors like us.
Back in mid-May, Brixton updated its shareholders on its activity at the Thorn property. The news reported its progress on its phase one drilling program, and included a few highlights.
At the time, Brixton’s stock was trading around C$0.13.
Shares suddenly skyrocketed about five weeks ago after the company released some very impress drill results.
According to that release, one of its drill holes returned 0.57 g/t , 0.24pct. Cu , 43.18 g/t Ag, 0.55pct. Zn , 0.28pct. Pb or 1.97 g/t AuEq over 554.7 meters.
To say the market reacted positively over the news would be a gross understatement.
Shares of Brixton have exploded 223pct. higher since mid-July, and a few days ago we learned that the company closed a $7.7Mn private placement, with Eric Sprott acquiring 22.25 million units for approximately $4Mn.
Keep in mind that Surge Exploration staked an area of 213 sq . km in the region, with a large portion adjacent to Brixton’s Thorn project.
Hedge Hog Copper-Gold Property
Surge’s Hedge Hog property is a copper-gold deposit that consists of approximately 5,972 acres (2,418 hectares located about 20km north of an historic gold mining town called Barkerville.
A few gold bugs know that town well. Barkerville was the main town in what was known as the Cariboo Gold Rush that took place by in the 1860s…
Back in November of 2017, Surge entered into a property option agreement with Eastfield Resources, giving the company a 60pct. interest in seven mineral tenures.
This project is a joint venture with some familiar faces. The CEO of Eastfield Resources is Bill Morton (who is also a corporate adviser to Surge Exploration) is also a technical adviser to Sun Metals.
Below, you’ll find a map of the Hedgehog property, including its near vicinity to Barkerville Gold Mines’ Cariboo Gold project:
Barkerville Gold Mines is a Canadian mining company currently trading with a market cap of C$238Mn.
A month ago, these guys filed the independent 43-101 Technical report on their Cariboo Gold Project, which supported the results of the resource estimate and metallurgical test-work that was released at the end of May, 2019.
BGM is starting to get aggressive in its exploration, too. The company is spending a considerable $23.7Mn on exploration in 2019!
Surge Exploration: The Land Bank’s True Wealth
The bottom line is simple.
It should be obvious by now that activity around Surge Exploration’s properties has been heating up for several months.
You can’t read the situation any other way than that, especially considering the big players that are involved.
(*Remember to use a Stop-Loss Order or basic Limit Order to protect your gains, as well as limit possible losses.)
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