(TheNewswire)
Vancouver, B.C. - TheNewswire - September 7, 2021 – Consolidated Woodjam Copper Corp. (“ Woodjam ” or the “ Company ”) (TSXV:WCC) (OTC:CWMCF) is pleased to announce new results from thedrilling program at the Woodjam property at the town of Horsefly, BC,approximately 50 km northeast of the city of Williams Lake. Thecompany is currently 2100 m through the 4000 m drill program.
Hole SE21-89, was collared in the higher gradecopper-gold central portion of the Southeast Zone to reduce drill holespacing for better definition and continuity. This area carries highergold values than much of the deposit and demonstrates that the highergrade central portion of the deposit starts at the bedrock interface.The holes in the table below are from a portion of a long sectionthrough this area and are depicted on the long-section diagram,attached.
Holes in the vicinity ofSE21-89:
Hole ID | From (m) | To (m) | Interval (m) | Cu (%) | Au (g/t) | CuEq (%) |
SE11-25 | 140.20** | 292.00 | 151.80 | 0.55 | 0.21 | 0.68 |
140.20** | 412.39* | 272.19* | 0.42 | 0.14 | 0.51 | |
SE11-56 | 131.10** | 246.00 | 114.90 | 0.39 | 0.13 | 0.47 |
131.10** | 428.55* | 297.45 | 0.27 | 0.07 | 0.31 | |
WJ08-84 | 125.88** | 326.64 | 200.80 | 1.01 | 0.44 | 1.28 |
125.88* | 485.00* | 226.80 | 0.69 | 0.27 | 0.86 | |
WJ08-85 | 158.50** | 230.00 | 71.50 | 0.41 | 0.08 | 0.49 |
158.50** | 356.68* | 198.18 | 0.31 | 0.06 | 0.35 | |
SE21-89 | 115.60** | 258.00 | 142.40 | 0.56 | 0.23 | 0.70 |
115.60** | 459.00 | 343.40 | 0.40 | 0.12 | 0.47 | |
115.60** | 529.43* | 413.80 | 0.35 | 0.10 | 0.41 | |
WJ08-83 | 128.63** | 365.00 | 236.37 | 0.56 | 0.11 | 0.61 |
128.63** | 530.66* | 402.03 | 0.44 | 0.08 | 0.49 | |
SE11-27 | 115.80** | 234.00 | 118.20 | 0.16 | 0.52 | 0.61 |
115.80** | 401.12* | 285.32 | 0.33 | 0.09 | 0.38 | |
*EOH; **start of bedrock
( 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: $1,700 (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 (1700 divided by31.10) multiplied by 100))-CuEq per cent Cu is equal to per cent Cuplus ((g/t Au multiplied by 1700 divided by 31.20) divided by (2205multiplied by 4.00) multiplied by 100))
Two holes tested the Megaton IP target, approximately2.0 km along strike, northeasterly, from the Southeast Zone. Thesenorthwest directed holes, MT21-07 and 08, were located approximately3500 m apart along the southeast side of the IP anomaly. Both holesintersected copper mineralization associated with quartz stockworksimilar to the style of mineralization at the Southeast Zone.
The highly anomalous presence of molybdenum (MT21-07:1.36 m of 0.779% Mo from 288.37 m and 1.26 m of 3.48% Mo from 313.28m) suggests that these holes are into a peripheral zone of theoccurrence and are comparable to holes just outside the main body ofthe Southeast Zone.
The Megaton IP target suggests that the Southeast Zonemineralizing system continues for 2 to 4 km to the northeast andfurther drilling will be needed to adequately explore the MegatonTarget area.
The significant mineralized intercepts are shown in thetable below.
Hole ID | From (m) | To (m) | Interval (m) | Cu (%) | Au (g/t) |
MT21-07 | 162.00 | 255.00 | 93.00 | 0.13 | 0.01 |
MT21-08 | 165.00 | 222.00 | 57.00 | 0.18 | 0.01 |
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 | 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.