(TheNewswire)
Vancouver, B.C. - TheNewswire - March 3, 2022 –Consolidated Woodjam Copper Corp. (“ Woodjam ” or the “ Company ”) (TSXV:WCC) (OTC:CWMCF) is pleased to announce final results from the2021 drilling program at the Woodjam property, approximately 50 kmnortheast of the city of Williams Lake. Nine holes were completed fora total of 3913.63 m. The results from three holes drilled in theMegaton Target and the Southeast Zone were released on September 7,2021. The final results for the six Deerhorn holes were received latelast week.
A summary of the drilling results follows:
Hole ID | From (m) | To (m) | Interval (m) | Au (g/t) | Cu (%) | AuEq (g/t) | CuEq (%) | |
DH21-75 | 213.00 | 261.00 | 48.00 | 0.50 | 0.23 | 0.85 | 0.56 | |
Including | 231.00 | 250.07 | 26.00 | 0.64 | 0.28 | 1.07 | 0.70 | |
DH21-76 | 195.00 | 229.00 | 34.00 | 0.68 | 0.34 | 1.20 | 0.79 | |
DH21-77 | 140.00 | 249.22 | 109.22 | 0.78 | 0.18 | 1.05 | 0.69 | |
Including | 186.00 | 248.00 | 62.00 | 1.22 | 0.19 | 1.51 | 0.99 | |
Including | 222.00 | 246.00 | 24.00 | 3.12 | 0.48 | 3.85 | 2.53 | |
and | 292.85 | 305.00 | 12.15 | 1.07 | 0.18 | 1.34 | 0.88 | |
DH21-78 | 158.00 | 363.00 | 205.00 | 0.37 | 0.10 | 0.52 | 0.34 | |
and | 213.00 | 323.00 | 110.00 | 0.49 | 0.12 | 0.67 | 0.44 | |
DH21-79 | 339.00 | 361.00 | 22.00 | 0.62 | 0.32 | 1.11 | 0.73 | |
and | 395.00 | 411.00 | 16.00 | 0.18 | 0.11 | 0.35 | 0.23 | |
DH21-80 | 77.00 | 276.00 | 199.00 | 0.35 | 0.32 | 0.84 | 0.55 | |
including | 173.00 | 276.00 | 103.00 | 0.53 | 0.42 | 1.17 | 0.77 | |
and | 263.00 | 276.00 | 13.00 | 2.00 | 0.94 | 3.43 | 2.25 |
( Copperequivalent grades (CuEq per cent) and gold equivalent grades (AuEqg/t) are for comparative purposes only. Calculations are uncut andprocessing recovery is assumed to be 100 per cent. The following metalprices were used to calculate the equivalence: $1,800 (U.S.) per ouncegold and $4.00 (U.S.)/lb copper using the following formula: AuEq g/t Au is equal to g/t Au plus ((Cu percentmultiplied by 2205 multiplied by 4.00) divided by (1800 divided by31.10) multiplied by 100))-CuEq per cent Cu is equal to per cent Cuplus ((g/t Au multiplied by 1800 divided by 31.20) divided by (2205multiplied by 4.00) multiplied by 100))
The drilling in the Deerhorn Zone continues to returnpositive results from the northwest trending corridor in thesouthwesterly portion of the resource area. We are continuing tointersect strong gold and copper grades while confirming thecontinuity of the zone. Three of the holes DH21-75, 76 and 79intersected narrower intervals due to post mineral dykes. (Seeattached plan map).
Drill hole DH21-80 was drilled on a parallel northwesttrending more copper dominant corridor approximately 200m north of thefirst five holes. The hole was drilled to improve our understanding ofthe geometry in this area which has not been extensively drilled. Theresults indicate that we can intersect long intervals of strong copperand gold grades and the area remains open along strike in bothdirections. (See attached cross-section)
The Company is pleased with the results at the WoodjamProject which continues to show strong upside in explorationpotential. Planning is underway for the 2022 season with the intentionof further testing target areas and expanding resources.
OTHER MATTERS
In accordance with TSXV policies, the Company confirmsthat Red Cloud Financial Services Inc. is no longer conductinginvestor relation activities for the Company.
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
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:
Zone | Tonnes (Mt) | Cu (%) | Au (g/t) | Cu (M lbs.) | Au (1000 oz.) |
Southeast | 221.7 | 0.31 | ‡ | 1,541.9 | |
Deerhorn | 32.8 | 0.22 | 0.49 | 158.2 | 516.2 |
Takom | 8.3 | 0.22 | 0.26 | 39.7 | 68.2 |
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.
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release
Forward-Looking Information
This news release contains “forward-lookinginformation” within the meaning of applicable Canadian securitieslegislation. Generally, forward-looking information can be identifiedby the use of forward-looking terminology such as “anticipate”,“believe”, “plan”, “expect”, “intend”, “estimate”,“forecast”, “project”, “budget”, “schedule”,“may”, “will”, “could”, “might”, “should” orvariations of such words or similar words or expressions.Forward-looking information is based on reasonable assumptions thathave been made by Consolidated Woodjam Copper Corp. as at the date ofsuch information and is subject to known and unknown risks,uncertainties and other factors that may cause the actual results,level of activity, performance or achievements of Consolidated WoodjamCopper Corp. to be materially different from those expressed orimplied by such forward-looking information. There can be no assurancethat such information will prove to be accurate, as actual results andfuture events could differ materially from those anticipated in suchinformation. Accordingly, readers should not place undue reliance onforward-looking information Consolidated Woodjam Copper Corp. does notundertake to update any forward-looking information that is includedherein, except in accordance with applicable securities laws.
Copyright (c) 2022 TheNewswire - All rights reserved.