(TheNewswire)
Vancouver, BC – TheNewswire - January 13, 2021 - Consolidated WoodjamCopper Corp. (“Woodjam” or the “Company”) (TSXV: WCC ) (OTC: CWMCF) provides a corporateupdate.
The Company owns a 100% interest in a district scalecopper/gold porphyry system near Horsefly, BC (the “ Woodjam Project ”)containing three published resources and several undrilled explorationtargets with only a small portion of the property explored.
Funds from a recently completed private placementadding $1,900,000 to the treasury will be used to continue drillingthe Woodjam Project. Results from the first hole completed on theDeerhorn Zone, released in a November 10, 2020 news release, showedvery encouraging results ( 110 metres of 2.57 g/tgold including 26 metres of 5.89 g/t gold). Core from the second drillhole is still being analyzed and will be released once the data isreceived and compiled. The third hole of the program was lost at ashallow depth and no samples were taken. Core from the fourth drillhole is also at the lab awaiting analysis.
The Company is looking forward to an exciting 2021 andthe continuing benefits of a strengthening resource market,particularly in the copper and gold sectors.
Market Advisory Engagement
The Company has engaged Red Cloud Financial Services Inc.(“Red Cloud”) to provide investor relations and capital marketsadvisory services effective immediately.
Red Cloud is a Toronto-based financial services companythat provides advisory services to mineral exploration and miningcompanies. Under the engagement, Red Cloud will be paid a fee of$75,000 for an initial six-month period. More specifically, Red Cloudwill provide services such as organizing and administering roadshows,drafting traditional marketing materials, managing the Company’ssocial media, providing traditional media support and assistance inthe creation of video content for exclusive use on Red Cloud TV, andother services as required by the Company. In certain circumstancesadditional services may be provided to the Company by Red Cloud andan additional contingent consideration for such services may beapplicable. The engagement of Red Cloud is subject to TSX VentureExchange acceptance. Red Cloud currently holds 375,000 common sharesof the Company and share purchase warrants entitling it to acquire upto an additional 375,000 shares at a price of $0.30 until June 22,2022.
Glen Garratt, P. Geo.
VP, Director
Consolidated Woodjam CopperCorp.
About Consolidated Woodjam CopperCorp.
Consolidated Woodjam Copper Corp. (TSX-V:WCC) trades onthe TSX Venture Exchange and owns a 100% interest in the 64,000hectare Woodjam copper gold porphyry project located in south-centralBritish Columbia approximately 50 km east of the community of WilliamsLake in a low elevation flat to undulating landscape, well accessed by logging roads and in close proximity to hydro power.
For more information on Woodjam please visit theCompany’s website at: http://www.woodjamcopper.com
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