(TheNewswire)
Vancouver, B.C. - TheNewswire - November 10, 2020 -Consolidated Woodjam Copper Corp. (" Woodjam " or the " Company ") (TSXV: WCC ) is continuing the drilling program for theDeerhorn Zone at its 100% owned 64,000 hectare Woodjam project located50 kilometres east of the community of WilliamsLake, BC. Results from the first hole of the drilling program,DH-20-71, have been received and confirm another long mineralizedintercept in this portion of the Deerhorn Deposit.
The 2020 drilling program was designed to testcontinuity at depth in the steeply dipping system within aninterpreted feeder zone of the higher grade portion of the deposit.Hole DH-20-71 was drilled to 380.5 metres at a minus 75 degree angleacross the strike of the zone to get a deep cross-cut of the zone. Asecondary goal was to test the continuity of a second parallel zone tothe southwest that had been intersected in two holes drilled in 2012,collared 50 metres to the northwest and southeast of DH-20-71. Theresults are as follows:
Hole ID | From (m) | To (m) | Interval (m) | Au (g/t) | Cu (%) | Au Eq (g/t) | Cu Eq (%) |
DH-20-71 | 96 | 206 | 110 | 2.57 | 0.44 | 3.05 | 2.81 |
including | 136 | 206 | 70 | 3.56 | 0.58 | 4.19 | 3.86 |
including | 176 | 202 | 26 | 5.89 | 0.92 | 6.89 | 6.34 |
and | 304 | 342 | 38 | 1.16 | 0.22 | 1.40 | 1.29 |
(The Interval is the core length and does not reflecttrue thickness.) ( 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: $1,900 (U.S.) per ouncegold and $3.00 (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 3.00) divided by (1900 divided by31.10) multiplied by 100))-CuEq per cent Cu is equal to per cent Cuplus ((g/t Au multiplied by 1900 divided by 31.20) divided by (2205multiplied by 3.00) multiplied by 100))
The Company is encouraged by these results as theintercepts yielded long sections of higher grade than other holes inthe area. Results from DH-20-72 which was collared in a position todrill down the system below previous drill levels will be reportedwhen received. The third hole, DH-20-73, was lost at 58 metres andhole DH-20-74, another cross-cutting hole, was collared a few metresfurther to the southwest. Hole DH20-74 has been shut down at 692metres and the first batch of samples have been shipped to the lab;the remaining core samples will be shipped in a few days once they areprepared. The drilling program is now suspended as unusual amounts ofrain and local flooding along with weight restrictions on roads asdirected by the BC Forest Service has left the Company unable to movethe drill and equipment. Drilling will restart when conditionsallow.
Deerhorn is one of four zones of gold-enrichedmineralization occurring in structural zones above and related to thelarger Southeast Zone copper-gold-molybdenum deposit. Former optionpartner, Gold Fields Limited, calculated a 43-101 resources in 2013 for the Southeast Zone and two of the goldenriched "satellite" zones, Deerhorn and Takom. The DeerhornZone, with an inferred resource of 32.8 million tonnes grading 0.49grams per tonne gold and 0.22% copper contains 516,200 ounces of gold.Since the first drill hole at Deerhorn was completed in 2008 a totalof 70 drill holes averaging 286 metres in length have been completed.Well mineralized holes include hole DH10-21 with 139.5 metres grading1.26 g/t Au and 0.28% Cu, hole DH11-30 with 146.3 metres grading 1.2g/t Au and 0.25% Cu (ending in mineralization) and hole DH12-48 with264.2 metres grading 1.45 g/t Au and 0.26% Cu (including 58.0 metresgrading 2.71 g/t Au and 0.40 % Cu).
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.
For more information on Woodjam please visit theCompany's website at : http://www.woodjamcopper.com
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
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