Surge Exploration Inc. (TSXV: SUR) (OTC: SURJF) today announced that it has entered into a purchase and sale agreement with Venture Capital IQ to acquire a 100% interest in nine mineral claims comprising 197 square kilometres in the Omineca Mining Division in north central British Columbia.
The company stated that the region is host to numerous operating mines, good infrastructure including experienced exploration and supporting services.
"This area of the Province has already generated several promising projects, and our land package is strategically situated to exploit the high copper-gold values of the region," said the Honourable Bill Bennett, Surge director and three-time former BC Energy & Mines Minister.
B.C. Minfile assessment report data indicates that most of the area covered by the Omineca Group claim blocks were at one time or another covered by staking during surges of exploration in B.C. dating from the 1940's to present day.
The company stated the claims appear to have been minimally explored with little follow-up, and that the work recorded on several claims with results for stream sediment sampling show anomalous to highly anomalous results for gold in a few areas.
The transaction is subject to TSX Venture Exchange approval.