(TheNewswire)
Vancouver, B.C. - TheNewswire - July 6, 2021 -Consolidated Woodjam Copper Corp. (“ Woodjam ” or the “ Company ”) (TSXV:WCC) (OTC:CWMCF) is pleased to announce that drilling is underwayat the Woodjam property at the town of Horsefly, BC, approximately 50km northeast of the city of Williams Lake.
The first hole has been collared in the Southeast Zoneand is now coring bedrock. Infill drilling by Gold Fields in 2010targeted a higher grade central area in the Southeast Zone whereapparently northeast trending zones of higher grade material had beenidentified. It is also apparent that this central area carriessignificantly higher gold values than much of the deposit. The in-filldrilling brought the drill spacing down from greater than 100 m andresulted in outlining a significantly larger area of high grade. Inrecent data review it is apparent that the drill spacing remainsgreater than might be optimum for quantifying grade averages and totest this, hole SE21-89 was placed to reduce the hole to hole spacingto 50 m.
Following the first hole the drill will be moved to theMegaton target northeast of the Southeast Zone to test an un-drilledIP anomaly measuring 1 km in diameter. Further drilling is also beingplanned for the Deerhorn Zone.
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
Woodjam Copper (TSX-V: WCC) - ( OTCQB:CWMCF ) trades on the TSX Venture Exchange and OTCQB Venture Marketand owns a 100% interest in the 64,000 hectare Woodjam copper gold porphyry project located in south-central British Columbia approximately 50 km east of the community of Williams Lake in a lowelevation flat to undulating landscape, well accessed by logging roadsand in close proximity to hydro power. The Woodjam Project hosts thefollowing resources:
Zone | Tonnes (Mt) | Cu (%) | Au (g/t) | Cu (M lbs.) | Au (1000 oz.) |
Southeast | 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 |
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.
Copyright (c) 2021 TheNewswire - All rights reserved.