11:17 AM EST, 01/21/2025 (MT Newswires) -- Surge Copper ( SRGXF ) on Tuesday released assay results from two exploration holes completed at the Ootsa Project in British Columbia last year.

Hole S24-337 intersected 108 meters grading 0.35% copper equivalent, from 24 meters depth within a longer interval of 280 meters grading 0.27% copper equivalent.

According to a statement, the latest results, combined with successful 2022 drilling done after the last resource estimate, show potential to significantly expand resources in this area

"We are pleased to have completed these drill holes at the Ootsa Project in 2024. While our primary focus remains on the Berg Project, following up on the 2022 discovery of copper-gold porphyry-style mineralization northeast of the East Seel zone at Ootsa presents a compelling exploration opportunity. This type of mineralization is particularly attractive for the Ootsa Project as it typically features higher-than-average grades, near-surface occurrence, and straightforward metallurgical characteristics," said Leif Nilsson, Chief Executive Officer.

The company's shares were last seen down $0.005 to $0.095 on the TSX Venture Exchange.

Price: 0.10, Change: -0.01, Percent Change: -5.00