(TheNewswire)
Vancouver, B.C. - TheNewswire - February 16, 2021 – Consolidated Woodjam Copper Corp. (“ Woodjam ” or the “ Company ”) (TSXV: WCC ) (OTC: CWMCF) is pleased toannounce results from the 2020 drilling program on the Deerhorn Zoneat its 100% owned 64,000 hectare Woodjam project located 50 kilometres east of the community of Williams Lake, BC.Results from the last hole of the drilling program, DH-20-74, havebeen received and another strong intercept of gold-coppermineralization continues to display higher grades over significantlengths than shown in historical drilling. This hole was acrosscutting hole drilled at minus 75 degrees perpendicular to thestrike of the zone in the same orientation as DH20-71 collared 56metres to the north. The attached plan map shows the hole locationsand results of the 2020 and previous drilling along this portion ofthe zone. Highlights of hole DH20-74 are as follows:
Hole_ID | From_m | To_m | Interval_m | Au g/t | Cu % | AuE g/t | CuE % |
DH20-74 | 145 | 284 | 139 | 1.37 | 0.23 | 1.62 | 1.49 |
including | 175 | 284 | 109 | 1.60 | 0.24 | 1.86 | 1.71 |
including | 241 | 284 | 43 | 2.39 | 0.27 | 2.68 | 2.47 |
(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 mineralized intercept appears to be cut off at afaulted contact with a post-mineral monzonite dyke. Further drillingwill be required to determine if the zone has been shifted or offsetalong the fault/dyke contact. The Company is continuing to examine the2020 drilling results in context to historical drilling on this andother structures in the Deerhorn Zone to develop a plan for furtherdrilling this year.
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 Deerhorn Zone,with an inferred resource of 32.8 million tonnes grading 0.49 gramsper tonne gold and 0.22% copper contains 516,200 ounces of gold. Sincethe first drill hole at Deerhorn was completed in 2008 a total of 70drill holes averaging 286 metres in length have been completed. Wellmineralized holes include hole DH10-21 with 139.5 metres grading 1.26g/t Au and 0.28% Cu, hole DH11-30 with 146.3 metres grading 1.2 g/t Auand 0.25% Cu (ending in mineralization) and hole DH12-48 with 264.2metres grading 1.45 g/t Au and 0.26% Cu (including 58.0 metres grading2.71 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 informationon Woodjam please visit the Company’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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