(TheNewswire)
Vancouver, B.C. - TheNewswire - March 4, 2021 –Consolidated Woodjam Copper Corp. (“ Woodjam ” or the “ Company ”) (TSXV: WCC ) is pleased to announce the results from anIP geophysical survey completed late last year on the Megaton claims,located immediately east of the Southeast Zone. The survey wasdesigned to fill in gaps between historical surveys on the SoutheastZone along trend onto the Megaton claims which are under option (100%earn-in available). The survey now shows that the Southeast Zone IPanomaly has been extended on strike to the northeast for an overallanomaly length of roughly 3.7 km and likely extends to 5.0 km asindicated by an open anomaly on the Rand claims further to thenortheast (see attached plan map). Only one drill hole by Gold Fieldsin the vicinity of the Megaton anomaly was ever completed and is nowshown to lie on the very outer edge of the Megaton anomaly. This hole,MT13-04, displayed strong potassic alteration and well developed butlow-grade mineralization within the same intrusive phase as occurs atthe Southeast Zone. The overburden thickness at this site is 15.24m.
The Southeast Zone has a previously estimated inferredresource of 227.5 Mt hosting 1.54 billion pounds of copper and 391,100ounces gold.* The Megaton target offers a compelling opportunity fordiscovering significant new copper-gold resources. The Company intendsto test this large target in this years’ drilling program.
While the project focus was on the gold-enrichedDeerhorn Zone in 2020, with copper breaking out into the $4+/lb sphereit is appropriate to also be focusing on the strong potential fordiscovering additional copper rich zones at Woodjam.
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.
*These 2013 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 (CIM 2010). NSRcalculation uses USD1,650/oz Au, USD3.90/lb Cu and metallurgicalrecoveries specific to each deposit. For the SE Zone, Au and Mo are notconsidered reportable due to the uncertainty regarding economicrecoveries.
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. For more informationon Woodjam please visit the Company’s website at : http://www.woodjamcopper.com Neither the TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in the policiesof the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this release
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