A finder's fee may be paid in connection with the sale of the claims. The finder's fee is subject to TSX Venture Exchange approval.
Tim Fernback, President & CEO of Surge Exploration states "We are very pleased to prove out our business model of finding great properties and then selling them to strategic investors. This land bank concept has great economic potential for our shareholders. By strategically selling these mineral claims to Brixton, we become an equity owner in Brixton going forward and this is a good win for our shareholders."
Surges' 2019 mineral staking program acquired an area of 213 sq. km within this regionally important geological and structural trend with a large portion of the mineral claims being adjacent to Brixton's Thorn Project with the balance covering prospective open ground containing numerous B.C. Minfile showings with Cu, Ag, Au values adjoining the boundaries of the Golden Bear Mine of Chevron Resources, a 480,000 oz Au past producer. In Brixton's news release dated July 15, 2019 (Brixton News Release) they reported results from drill hole THN19-150, which was drilled to 829.06 metres depth at the Oban diatreme breccia pipe within the Camp Creek copper corridor. Structural mapping and soil-rock geochemistry at the Chivas zone and relogging of select core from the Glenfiddich zone were also conducted. The objective of the program was to test for porphyry mineralization at depth at the Oban zone and to refine the two porphyry targets, Chivas and Camp Creek, for the next round of drilling.
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Gold is expected to rally this year again and with the anticipated January Effect looming, gold mining stocks could soon be pushed into the spotlight.
The January Effect, which seems to affect small caps more than mid or large caps because they are less liquid, is a hypothesis that small-cap value investments can tend to have a good month in January over other months of the year.
Worries over the U.S.-China trade war made gold an absolute star in 2019 with the precious metal heading towards record highs not seen for years.
Concerns that the two biggest economies in the world may not be able to establish a truce for a long time could spike gold even higher in 2020!
“Watch gold in 2020. It has a chance to be an interesting investment,” says Byron Wien recently, one of the most influential investors on Wall Street.
Canadian billionaire investor Eric Sprott believes there are discoveries, not by the major miners, but by junior gold and silver explorers. Sprott is the largest check writer in the junior mining arena.
He recently said, “I keep reading that people are never making (gold) discoveries, the rate of discoveries is going down. The funny thing, well, I guess I’m the sucker then because I keep buying guys who say they’re making discoveries.”
On his golden investment spree (which he has poured millions into), Sprott has remarked, “It’s like being at a table with a winning run.” The man has invested considerably into properties NEAR Surge Exploration.
See Eric Sprott’s December 19, 2019 interview here (Eric Sprott Interview)
With many analysts betting on gold’s extended rally in 2020 and Canada’s biggest gold proponent loving junior gold mining stocks, I want to bring your attention to this under-the-radar Au miner:
*Surge Exploration, Inc. (OTCQB: SURJF)*
Surge Exploration also trades on the TSX-V under the symbol (SUR), and on the Frankfurt Stock Exchange under the symbol (DJ5C).
The company has been strategically getting involved with properties next to notable names that are already producing.
SURJF owns 100% interest in the Golden Triangle – Trapper Lake Group of 23 mineral claims which are located in the prolific Golden Triangle Region of northwestern British Columbia approximately 90 km ENE from Juneau, Alaska.
The company’s staking program totals an area of approximately 325 sq.km within the regionally important geological and structural trend. A large portion of the new property is adjacent to the Thorn Project owned by Brixton Metal's Corp. ("Brixton", TSXV: BBB) with the balance covering prospective open ground containing numerous B.C. Minfile showings with Cu, Ag, Au values adjoining the boundaries of the Golden Bear Mine, a 480,000 oz Au past producer.
In Brixton's news release dated July 15, 2019 (Brixton News Release), they reported results from drill hole THN19-150, which was drilled to 829.06 metres depth at the Oban diatreme breccia pipe within the Camp Creek copper corridor.
Brixton reported a drill hole intercept of 1.97 grams per tonne gold equivalent across 554.70 meters including 135.96 meters of 1.35 g/t Au, 0.31% Cu, 133.62 g/t Ag or 5.00 g/t Au eq including 6 meters of 3.56% Cu, 3.37 g/t Au, 257.77 g/t Ag.
SURJF’s Trapper Lake property is located near Brixton Metals' Thorn Project and Stuhini Exploration project, both of which have received big investments from billionaire investor Eric Sprott.
Brixton Metals announced this investment on August 8, 2019, and Stuhini Resources announced it on August 16, 2019.
These mineral claims are also near the Golden Bear Mine, a 480,000 oz Au past producer, currently owned by Newmont Goldcorp Corporation (NYSE: NEM) (TSX: NGT).