Updated Technical Report and Mineral Resource Estimate on the Berg Project, British Columbia
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Updated Technical Report and Mineral Resource Estimate on the Berg Project, British Columbia PRESENTED TO Surge Copper Corp. EFFECTIVE DATE: MARCH 9, 2021 RELEASE DATE: MAY 3, 2021, REVISION 0 ISSUED FOR USE FILE: 704-ENG.VMIN03189-01 REPORT AUTHORS: Cameron Norton, P.Geo. John Huang, PhD., P.Eng. Daniel Lui, P.Geo. Tetra Tech Canada Inc. 150, 1715 Dickson Avenue Kelowna, BC V1Y 9G6 CANADA Tel 250.862.4832 Fax 250.862.2941 Report to: Surge Copper Corp. Updated Technical Report and Mineral Resource Estimate on the Berg Project, British Columbia Effective Date: March 9, 2021 Original signed and sealed by: Prepared By: Cameron Norton, P.Geo. John Huang, Ph.D., P.Eng. Senior Geologist Senior Metallurgist Date: Date: Kelowna, BC V1Y 9G6 Tel 250.862.4832 Fax 250.862.2941 RPT-Berg _NI 43-101_Final.docx UPDATED TECHNICAL REPORT & MINERAL RESOURCE ESTIMATE ON THE BERG PROJECT, BC FILE: 704-ENG.VMIN03189-01 | RELEASE DATE: MAY 3, 2021, REVISION 0 | ISSUED FOR USE TABLE OF CONTENTS 1.0 EXECUTIVE SUMMARY .............................................................................................................. 1 2.0 INTRODUCTION .......................................................................................................................... 4 2.1 Terms of Reference ............................................................................................................................... 4 2.1.1 Report Authors .......................................................................................................................... 4 2.1.2 Effective Date ........................................................................................................................... 5 2.1.3 Reporting of Grades by Copper Equivalent .............................................................................. 5 2.2 Site Visits ............................................................................................................................................... 5 2.2.1 Property Visit ............................................................................................................................ 6 2.2.2 Core Facility Visit ...................................................................................................................... 6 2.3 Units of Measurement ............................................................................................................................ 6 3.0 RELIANCE ON OTHER EXPERTS .............................................................................................. 7 3.1 Project Background, History, Ownership, and Tenure .......................................................................... 7 3.2 Geological Setting, Exploration, Drilling ................................................................................................ 7 4.0 PROPERTY DESCRIPTION AND LOCATION ............................................................................ 8 4.1 Surge Copper Option Agreement with Thompson Creek Metals .......................................................... 8 4.2 Mineral Tenure ..................................................................................................................................... 10 4.3 Surface Ownership and Land Access Agreements ............................................................................. 14 4.4 Royalties and Liens ............................................................................................................................. 14 5.0 ACCESSIBILITY, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE AND PHYSIOGRAPHY ....................................................................................................................... 16 5.1 Climate ................................................................................................................................................. 16 5.2 Physiography ....................................................................................................................................... 16 5.3 Local Resources .................................................................................................................................. 16 5.3.1 Community Services ............................................................................................................... 16 5.3.2 Infrastructure ........................................................................................................................... 17 5.3.3 Power ...................................................................................................................................... 17 5.3.4 Water ...................................................................................................................................... 17 5.4 Property Access ................................................................................................................................... 17 5.5 Topographic Reference ....................................................................................................................... 18 6.0 HISTORY ................................................................................................................................... 19 6.1 Berg ..................................................................................................................................................... 19 6.2 Previous Estimates .............................................................................................................................. 20 6.3 Additional Prospects ............................................................................................................................ 21 6.3.1 Bergette .................................................................................................................................. 21 6.3.2 Tahtsa Range, Serenity .......................................................................................................... 21 6.3.3 Lead Empire, Set, Lost, Ice .................................................................................................... 22 6.3.4 CS, NS, Fire, Smoke Mountain, Fire Cat ................................................................................ 22 6.3.5 CS South, Tara, Slide ............................................................................................................. 23 6.3.6 Sky, Rhine Ridge .................................................................................................................... 23 i RPT-Berg _NI 43-101_Final.docx UPDATED TECHNICAL REPORT & MINERAL RESOURCE ESTIMATE ON THE BERG PROJECT, BC FILE: 704-ENG.VMIN03189-01 | RELEASE DATE: MAY 3, 2021, REVISION 0 | ISSUED FOR USE 6.3.7 Sun .......................................................................................................................................... 24 7.0 GEOLOGICAL SETTING AND MINERALIZATION ................................................................... 25 7.1 Regional Geology ................................................................................................................................ 25 7.2 Berg Deposit Geology .......................................................................................................................... 27 7.2.1 Structure ................................................................................................................................. 31 7.2.2 Alteration ................................................................................................................................. 31 7.2.3 Mineralization .......................................................................................................................... 32 8.0 DEPOSIT TYPES ....................................................................................................................... 34 9.0 EXPLORATION.......................................................................................................................... 35 9.1 Previous Operator Exploration 2011-2020 .......................................................................................... 35 9.1.1 Berg ........................................................................................................................................ 35 9.2 Other Mineral Prospects and Showings .............................................................................................. 35 9.2.1 Bergette .................................................................................................................................. 35 9.2.2 Tahtsa Range, Serenity .......................................................................................................... 38 9.2.3 Lead Empire, Set, Lost, Ice .................................................................................................... 39 9.2.4 CS South, Tara, Slide ............................................................................................................. 39 9.2.5 Sky, Rhine Ridge .................................................................................................................... 40 9.2.6 Other Work.............................................................................................................................. 41 10.0 DRILLING .................................................................................................................................. 43 10.1 Previous Operator Drilling ...................................................................................................................