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Gold Reach Resources Ltd

Publié le 23 février 2018

Completes Name Change To Surge Copper Corp.

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Gold Reach Completes Name Change To Surge Copper Corp.

February 22, 2018

February 22, 2018, Vancouver, British Columbia � Surge Copper Corp. (the �Company� or �Surge Copper�) (TSX-V:SURG), formerly Gold Reach Resources, announces the successful completion of its name and symbol change.

Surge Copper Corp., stock symbol �SURG�, is now trading on the TSX Venture Exchange. There is no change in the share capital of the Company and no action is required to be taken by the Company�s shareholders with respect to this corporate name change.  While the Company�s advanced stage Ootsa Project in British Columbia contains copper, gold, molybdenum, and silver, the main commodity by value is copper, and the new name is a better reflection of the main asset.

Dr. Shane Ebert President of the Company stated, �Our advanced stage Ootsa copper-gold project offers investors a unique opportunity in the mineral exploration sector. We have defined a large Measured and Indicated category resource base within an established mining district, directly adjacent to a mine and mill complex which has limited published reserves.  Preliminary Economic studies indicate that at US$3/pound copper the Ootsa project has potential for excellent economic returns if processed at the adjacent mill complex on a toll milling basis.  Our proximity to infrastructure gives Surge Copper excellent leverage to increases in copper price moving forward.�

Priorities for 2018

The Ootsa Project contains mineralized zones that are open for expansion and has a number of exploration targets surrounding the established deposits that have not yet been drill tested.  The Company�s main priorities for 2018 will be to drill test the main targets adjacent to and surrounding existing deposits, advance several early stage exploration targets, and continue to advance the main deposits.

About Surge Copper Corp. 

The Company owns a 100% interest in the Ootsa Property, an advanced stage exploration project containing the East Seel, West Seel and Ox porphyry deposits located adjacent to the open pit Huckleberry copper mine.  The property contains NI 43-101 compliant resources of 224 million tonnes in the Measured and Indicated categories with contained metals of 1.1 billion pounds of copper and 1 million ounces of gold as summarized in the table below.  

Ootsa Project Pit Constrained Mineral Resource Estimate at $8.50/t NSR Cut-off Value

Category Tonnes (�000�s) CuEq
%
Cu % Au
g/t
Mo
%
Ag g/t CuEq
M lbs
Cu
M lbs
Au
K oz
Mo
M lbs
Ag
K oz
Measured 187,148 0.38 0.23 0.15 0.021 2.8 1,568 934 916 85 17,089
Indicated 37,041 0.35 0.21 0.12 0.023 2.8 286 175 146 19 3,368
M&I 224,189 0.37 0.22 0.15 0.021 2.8 1,854 1,109 1,062 104 20,457

On February 9, 2016, the Company announced a positive Preliminary Economic Assessment (PEA) for the Ootsa Property with potential for low capital cost, low risk and rapid pay back utilizing existing infrastructure in the district with a contract mining and toll milling scenario.  The study recommends the Company continue to advance the Ootsa Project with extended and advanced technical studies with the intention of moving the project toward a production decision.

The current technical report supporting the resource statement and PEA is available on SEDAR or the Company�s website at www.surgecopper.com and has an effective date of January 2016.  The resource estimate uses $8.50 per tonne NSR cut-off value.  Mineral resources are not mineral reserves and by definition do not demonstrate economic viability. There is no certainty that all or any part of the mineral resource will be converted into mineral reserves.  A �Measured Mineral Resource� is that part of a mineral resource for which quantity, grade or quality, densities, shape and physical characteristics are so well established that they can be estimated with confidence sufficient to allow the appropriate application of technical and economic parameters, to support production planning and evaluation of the economic viability of the deposit.   An �Indicated Mineral Resource� is that part of a Mineral Resource for which quantity, grade or quality, densities, shape and physical characteristics can be estimated with a level of confidence sufficient to allow the appropriate application of technical and economic parameters, to support mine planning and evaluation of the economic viability of the deposit.  Copper Equivalent (CuEq) calculations are based on base case metal price (US$3/lb Cu, US$1260/oz Au, US$10.30/lb Mo, and US$17/oz Ag) and process recovery assumptions, and take into account smelter payable rates and refining costs.  M&I = measured and indicated. The resource update and Preliminary Economic Assessment was completed by P&E Mining Consultants Inc. in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Dr. Shane Ebert P.Geo., is the Qualified Person for the Ootsa project as defined by National Instrument 43-101 and has approved the technical disclosure contained in this news release.

ON BEHALF OF THE BOARD OF DIRECTORS

�Shane Ebert�
President and Chief Executive Officer

For Further information, please contact:
Telephone: 604-718-5454
Toll Free: 888-500-4587
info@surgecopper.com
http://www.surgecopper.com

Or

Don Mosher
Corporate Development
Telephone: 604-685-6465
don@surgecopper.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This News Release contains forward-looking statements, which relate to future events. In some cases, you can identify forward-looking statements by terminology such as "will", "may", "should", "expects", "plans", or "anticipates" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause the Company�s actual results, level of activity, performance or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking-statements. Such uncertainties and risks may include, among others, actual results of the Company's exploration activities being different than those expected by management, delays in obtaining or failure to obtain required government or other regulatory approvals or financing, inability to procure equipment and supplies in sufficient quantities and on a timely basis, equipment breakdown and bad weather. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect the Company's current judgment regarding the direction of its business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggests herein. Except as required by applicable law, the Company does not intend to update any forward-looking statements to conform these statements to actual results.

888 - 700 West Georgia Street, Vancouver, BC V7Y 1G5

Gold Reach Resources Ltd

EXPLORATEUR
CODE : GRV.V
ISIN : CA3806863039
Suivi et investissement
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Gold Reach Res. Ltd est une société d’exploration minière d'or basée au Canada.

Gold Reach Res. Ltd détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont AURO, OX LAKE et SEEL au Canada.

Gold Reach Res. Ltd est cotée au Canada. Sa capitalisation boursière aujourd'hui est 12,0 millions CA$ (9,5 millions US$, 7,7 millions €).

La valeur de son action a atteint son plus bas niveau récent le 19 décembre 2008 à 0,02 CA$, et son plus haut niveau récent le 22 juin 2012 à 2,13 CA$.

Gold Reach Res. Ltd possède 46 980 000 actions en circulation.

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Rapports annuels de Gold Reach Resources Ltd
2008 Annual report
Financements de Gold Reach Resources Ltd
20/07/2016Announces Completion Of $700,000 Non Brokered Private Placem...
13/07/2016Increases Non-Brokered Private Placement
06/07/2016Announces Up To $600,000 Non-Brokered Private Placement
02/06/2014Announces $1,044,280 Financing
24/06/2013Announces $2,000,000 Non Brokered Private Placement
04/06/2008Announces Non-Brokered Flow-Through Private Placement
Nominations de Gold Reach Resources Ltd
06/07/2011Dr. Shane Ebert Appointed as Vice-President of Exploration
Projets de Gold Reach Resources Ltd
09/09/2014Drilling extends West Seel Deposit over 400 metres down dip ...
17/07/2014Gold Reach stakes the White Gold Prospect and provides explo...
24/02/2014Gold Reach Provides a Summary of Results From 2013 Ootsa Exp...
24/02/2014(Seel)Provides A Summary Of Results From 2013 Ootsa Exploration Se...
27/01/2014Gold Reach Announces Final Results from 2013 Drilling Includ...
27/01/2014(Seel)Announces Final Results From 2013 Drilling Including 177.4 M...
20/01/2014Gold Reach Intersects 179.5 Metres of 0.80% Copper Equivalen...
20/01/2014(Seel)Intersects 179.5 Metres Of 0.80% Copper Equivalent Including...
13/01/2014Gold Reach Announces First Open Pit Constrained Resource Est...
13/01/2014Announces First Open Pit Constrained Resource Estimate For O...
08/01/2014Gold Reach Announces Positive Metallurgical Results from the...
08/01/2014Announces Positive Metallurgical Results From The Ox Deposit
28/10/2013Gold Reach Intersects 238 Metres of 0.73% Copper Equivalent ...
28/10/2013(Seel)Intersects 238 Metres Of 0.73% Copper Equivalent Including 1...
21/10/2013(Seel)Intersects 20 Metres Of 1.26% Copper Equivalent Within A Lar...
15/10/2013Gold Reach Intersects 44.3 Metres of 1.76% Copper Equivalent...
15/10/2013(Seel)Intersects 44.3 Metres Of 1.76% Copper Equivalent Within A L...
09/10/2013Receives Final Assays For Ox And Summarizes The 2013 Ox Dril...
23/09/2013Continues To Intersect High Grade At Ox With 103.3 Metres Of...
12/09/2013Adds A Second Drill To The Ootsa Project Receives Letter Of ...
03/09/2013Mid=2DDay Breaking News From Cub Energy and Gold Reach Resou...
03/09/2013Induced Polarization Geophysical Surveying Set To Commence A...
18/07/2013Intersect 359.4 Metres Of 0.41% Copper Equivalent Including...
16/07/2013Hits More High Grade At Ox Hole Ox13-63 Intersects 52.8 Metr...
10/07/2013Continues to Intersect Strong Mineralization at Ox Including...
08/07/2013Gold Reach Continues to Intersect Strong Mineralization at O...
08/07/2013Continues to Intersect Strong Mineralization at Ox Including...
27/06/2013Gold Reach Continues to Intersect High Grade Near Surface Mi...
27/06/2013Continues To Intersect High Grade Near Surface Mineralizatio...
12/06/2013Within Huckleberry's Reach: Gold Reach's Ootsa Project Prese...
10/06/2013Intersects High Grade Near Surface Mineralization at Ox Incl...
10/06/2013Gold Reach Intersects High Grade Near Surface Mineralization...
27/05/2013Announces Drilling Has Started At The Ootsa Property
01/05/2013Identifies New Expansion Potential At The Ox Deposit And Pro...
10/04/2013Mid-Day Breaking News From Gold Reach and Tajiri Resources
12/02/2013Gold Reach (GRV) Announces A 227% Increase In Resources At O...
11/02/2013Gold Reach (GRV) Announces a 227% Increase in Resources at O...
29/01/2013Gold Reach (GRV) Announces a 141% Increase in Indicated and ...
29/01/2013Gold Reach (GRV) Announces A 141% Increase In Indicated And ...
10/01/2013Gold Reach Expands the West Seel Deposit to Over 800 Metres ...
12/11/2012Gold Reach Intersects High Grade Silver Vein at Ox Returning...
05/11/2012Mid-Day Breaking News From Prophecy Platinum, Gold Reach, an...
16/08/2012Mid-Day Breaking News From Eagle Hill, Gold Reach, Anatolia,...
10/07/2012Gold Reach Intersects 817 Metres Grading 0.45% Copper Equiva...
29/09/2008(Seel)Announces Indicated and Inferred Mineral Resource on the 100...
27/05/2008(Seel)drills 100m of 0.497% copper and 0.43 g/t gold at Seel
05/02/2008Announces 16.1 Million Tonnes at Ox Lake
Communiqués de Presse de Gold Reach Resources Ltd
13/07/2016Gold Reach Resources Ltd. Increases Non-Brokered Private Pla...
28/01/2016IIROC Trading Resumption - GRV
28/01/2016Gold Reach Resources Ltd. announces delay in news release
27/01/2016IIROC Trading Halt - GRV
30/09/2015Gold Reach Resources Commences Preliminary Economic Assessme...
05/01/2015Gold Reach Provides 2014 Exploration Summary and Announces F...
24/11/2014Gold Reach acquires another high grade gold silver prospect ...
14/10/2014Gold Reach Intersects 668 Metres Grading 0.56% Copper Equiva...
30/09/2014Gold Reach intersects high grade at West Seel with 160 metre...
02/09/2014Gold Reach intersects 73 metres of 0.96% copper equivalent w...
27/08/2014Gold Reach Resources to broadcast Annual General and Special...
30/07/2014Gold Reach Receives $1.85 Million Refundable Tax Credit
25/07/2014Gold Reach adopts new Shareholder Rights Plan
18/02/2014Gold Reach Announces an 87% Increase in Global M&I Resources...
18/02/2014(Seel)Announces An 87% Increase In Global M&I Resources At The See...
06/01/2014Gold Reach Drills 186.2 Metres of 0.78% Copper Equivalent In...
06/01/2014(Seel)Drills 186.2 Metres Of 0.78% Copper Equivalent Including 82....
19/12/2013Mid=2DDay Breaking News from Gold Reach=2C Eagle Hill=2C Alp...
19/12/2013(Seel)Drills 118 Metres of 0.65% Copper Equivalent at East Seel an...
17/12/2013Enters Into Communications & Engagement Agreement With The O...
03/12/2013Seabridge Gold Reaches Agreement to Sell Grassy Mountain NPI...
04/11/2013Gold Reach Drills 92.4 Metres of 0.76% Copper Equivalent at ...
04/11/2013(Seel)Drills 92.4 Metres Of 0.76% Copper Equivalent At East Seel A...
17/10/2013Reports Geophysical Survey Results For The Ootsa Project Dri...
07/10/2013Intersects 274.9 Metres Of 0.48% Copper Equivalent And 31.3...
30/09/2013Intersects 115 Metres Of 0.56% Copper Equivalent Including 1...
17/09/2013Intersects 89 Metres Of 0.50% Copper Equivalent Including 56...
10/09/2013Intersects 101.2 Metres Of 0.53% Copper Equivalent Including...
05/09/2013Intersects 124.4 Metres Of 0.56% Copper Equivalent Within 2...
13/08/2013Intersects 227.7 Metres Of 0.52% Copper Equivalent Includin...
07/08/2013IAMGOLD reaches agreement with Republic of Suriname to suppo...
07/08/2013Hole Ox13-77 Intersects 148.2 Metres Grading 0.55% Copper Eq...
23/07/2013Intersects 260.2 Metres of 0.46% Copper Equivalent and 21.6 ...
24/06/2013Mid-Day Breaking News From Alpha Minerals and Gold Reach
10/06/2013Extends Warrants
27/05/2013Mid-Day Breaking News From Skyharbour, Gold Reach, and Black...
01/05/2013Mid-Day Breaking News From Focus Ventures and Gold Reach
19/02/2013Mid-Day Breaking News From Gold Reach, Northern Vertex, Inte...
24/01/2013Gold Reach Signs Letter of Understanding with Cheslatta Carr...
24/01/2013Gold Reach Signs Letter Of Understanding With Cheslatta Carr...
16/01/2013Mid-Day Breaking News From Gold Reach, El Nino, Focus, Sunse...
16/01/2013Gold Reach Further Expands The West Seel Deposit Initiates R...
15/10/2012Mid-Day Breaking News From Balmoral, Prophecy Platinum, Gold...
09/10/2012Mid-Day Breaking News From Gold Reach and TomaGold
26/09/2012Mid-Day Breaking News From Gold Reach, Northern Vertex, and ...
17/09/2012Mid-Day Breaking News From Gold Reach and Great Atlantic
04/09/2012Mid-Day Breaking News From Gold Reach, TomaGold, and Canada ...
22/03/2012(Auro)Sells Auro And Auro South For $6 Million Cash And Retains A ...
05/12/2011Gold Reach Announces Significant New Cu-Au Discovery Interse...
12/09/2011Cresval is Drilling and Gold Reach Hits Long Intercept
01/03/2011(Auro)Identifies Multiple Drill Targets on Auro Property
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