There’s gold in them hills -- and all sorts of other minerals as well; such is what Vancouver-based Surge Exploration Inc. (TSX-Venture:SUR) is reckoning on. The firm says it has entered into Purchase and Sale Agreement with Venture Capital IQ Inc., effective Tuesday, to buy a 100% interest in nine mineral claims comprising 19,665 hectares (197 sq km) located in North Central British Columbia.
The region is host to numerous operating mines, good infrastructure including experienced exploration and supporting services.
Bill Bennett, Surge director and former provincial cabinet minister, said, "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.
"B.C. is a mining-friendly jurisdiction with reasonable processes, good infrastructure and potential First Nation partners – extending Surge's land holdings from Chile and Ontario to this region of B.C. makes our company stronger.
"We’re excited at Surge Exploration to acquire approximately 200 sq. km’s (85 sq. mi) of tenures in such a propitious area of B.C."
SUR shares rocketed one penny, or 11.8%, to 9.5 cents, on volume of nearly 430,000 shares
