(TheNewswire)
Vancouver, B.C. - TheNewswire - January 25, 2021 -Consolidated Woodjam Copper Corp. (“ Woodjam ” or the “ Company ”) (TSXV: WCC ) is pleased to announce further results fromdrilling program on the Deerhorn Zone at its 100% owned 64,000 hectareWoodjam project located 50 kilometres east ofthe community of Williams Lake, BC. Results from the second hole ofthe drilling program, DH-20-72, have been received and confirm thatmineralization in this area continues vertically to at least 294metres below surface where it appears that the hole exited thenortheast side of the zone coinciding with the appearance of postmineral dykes. The zone remains open to depth.
The Company is very encouraged by these results as theintercepts yielded long and well mineralized sections, verifying thecontinuity of the zone at depth. Along with previously released holeDH20-71 (Nov. 10, 2020) the drill results are meeting our objective of determining the potential for both higher grade zoning within thezone as well as the continuity of mineralization to depth below theresource boundaries.
The 2020 drilling program was designed to testcontinuity across and at depth in the steeply dipping system within aninterpreted feeder zone of the higher grade portion of the deposit.Hole DH-20-72 was drilled to 617.0 metres at a minus 85 degree angleto test vertical continuity. The results are as follows:
Hole ID | From (m) | To (m) | Interval (m) | Au (g/t) | Cu (%) | AuEq (g/t) | CuEq (%) |
DH20-72 | 43 | 294 | 251 | 1.04 | 0.23 | 1.29 | 1.19 |
including | 91 | 246 | 155 | 1.51 | 0.29 | 1.82 | 1.68 |
including | 158 | 214 | 56 | 2.04 | 0.36 | 2.45 | 2.26 |
and | 343 | 386 | 43 | 0.42 | 0.14 | 0.57 | 0.53 |
(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 third hole, DH-20-73, another cross-cutting holereached bedrock at 32 metres and was lost in a fault zone at 59metres; sampling of this hole returned no significant results. Thishole was redrilled as DH20-74 from a few metres southwest of DH20-73.Hole DH20-74 was shut down at 692 metres and results arepending.
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, and hole DH12-48 with 264.2 metres grading 1.45g/t Au and 0.26% Cu (including 58.0 metres grading 2.71 g/t Au and0.40 % Cu). DH-20-71, previously released, wascollared 58 meters to the northeast of 72 and intersected 110 metersgrading 2.57 g/t gold and 0.44% copper including 26 metres grading5.89g/t gold and 0.92% copper and a further intercept of 38 metresgrading 1.16g/t gold and 0.22% copper
Glen Garratt, P. Geo., is the qualified person whotakes responsibility for this news release.
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 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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