(TheNewswire)
Vancouver, B.C. - TheNewswire - June 23, 2021 –Consolidated Woodjam Copper Corp. (“ Woodjam ” or the “ Company ”) (TSXV:WCC) (OTC:CWMCF) is pleased to inform that planning for theupcoming drill program at the Woodjam Project is well underway and acrew will be mobilizing to the property this week with the drillexpected to arrive within a week. The spring break-up in the Cariboohas ebbed and load restrictions on logging roads have been lifted.Recent warmer and drier weather has helped open up the project areasfor start-up.
The Company is planning a $1.4 M initial drill programfor this season to continue to advance the Woodjam Project and willbegin at the Southeast Zone. Infill drilling by Gold Fields in 2010targeted a higher grade central area in the deposit where apparentlynortheast trending zones of higher grade material had been identified.It is also apparent that this central area carries significantlyhigher gold values than much of the deposit. The in-fill drillingbrought the drill spacing down from greater than 100 m and resulted inoutlining a significantly larger area of high grade. In recent datareview it is apparent that the drill spacing remains greater thanmight be optimum for quantifying grade averages and to test this, onehole will be placed to reduce the hole to hole spacing to 50 m.
The next target will be drill testing the un-drilledMegaton IP anomaly that forms a 1 km diameter target that is anextension of the Southeast Zone IP (see News Release March 4, 2021).Only o ne drill hole, by former JV partner GoldFields, in the vicinity of the Megaton anomaly was ever completed andis now shown to lie on the very outer edge of the Megaton anomaly.This hole, MT13-04, is 1500m on strike from the copper rich SoutheastZone, compares well with holes lying just outside that zone,displaying strong potassic alteration and well developed butlower-grade mineralization within the same intrusive phases as occurat Southeast Zone. The overburden thickness at this site is 15.24 m.The Company considers the Megaton Anomaly a high priority target for anew discovery that could offer significant upside to theproject.
Additional planning is ongoing for further drilling onthe Deerhorn Zone which remains open to the northwest and southeast.The 2020 drill program significantly enabled a better understanding ofthe higher grade portion of the system adding new potential for drilltesting. Significant results from previously announced holes DH20-71,72 and 74 returned 110 m grading 2.57 g/t goldand 0.44% copper, 251 m grading 1.04 g/t gold and 0.23% copper, and139 m grading 1.34 g/t gold and 0.23% copper, respectively.
The Management is looking forward to another excitingseason at Woodjam as copper demand and pricing continues to rise asthe global economy comes out of the Covid pandemic.
Glen Garratt, P. Geo., is the qualified person whotakes responsibility for this news release.
Glen Garratt
Glen Garratt, P.Geo., VP, Director
Consolidated Woodjam CopperCorp.
About Woodjam Copper
Deposit | Tonnes (M) | Cu (%) | Au (g/t) | Cu (Mlbs) | Au (Koz) |
SE Zone | 221.7 | 0.31 | ‡ 0.05 | 1,541.9 | 391.1 |
Deerhorn | 32.8 | 0.22 | 0.49 | 158.2 | 516.2 |
Takom | 8.3 | 0.22 | 0.26 | 39.7 | 68.2 |
Woodjam Copper (TSX-V: WCC) trades on the TSX Venture Exchange and owns a 100% interestin the 64,000 hectare Woodjam copper goldporphyry project located in south-central British Columbia approximately 50 kmeast of the community of Williams Lake in a low elevation flat toundulating landscape, well accessed by logging roads and in closeproximity to hydro power. The Woodjam Project hosts the followingresources:
† These Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. The tonnes and grade are reported at a USD$8.60/t NSR cut-off andare constrained within an optimized pit shell. NSR calculation usesUSD1,650/oz Au, USD3.90/lb Cu and metallurgical recoveries specific toeach deposit. ‡ For the SE Zone, Au and Mo are notconsidered reportable due to the uncertainty regarding economicrecoveries.
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