(TheNewswire)
Vancouver, B.C. - TheNewswire - April 20, 2021 –Consolidated Woodjam Copper Corp. (“ Woodjam ” or the “ Company ”) (TSXV:WCC) (OTC:CWMCF) ispleased to inform that planning for the upcoming drill program at theWoodjam Project is well underway. The spring break-up in the Caribooregion is ongoing and areas of local flooding and road restrictionsare reported. The program will begin as soon as ground conditionspermit.
The Company is planning a $1.5 M initial drill programfor this season to continue to advance the Woodjam Project and willbegin by drill testing the un-drilled Megaton IP anomaly that forms a1 km diameter target that is an extension of the Southeast Zone IP(see News Release March 4, 2021). Only o ne drillhole, by former JV partner Gold Fields, in the vicinity of the Megatonanomaly was ever completed and is now shown to lie on the very outeredge of the Megaton anomaly. This hole, MT13-04 1500m on strike fromthe copper rich Southeast Zone, compares well with holes lying justoutside that zone, displaying strong potassic alteration and welldeveloped but lower-grade mineralization within the same intrusivephases as occur at Southeast Zone. The overburden thickness at thissite is 15.24 m. The Company considers the Megaton Anomaly a highpriority target for a new discovery that could offer significantupside to the project.
Additional planning is ongoing for further drilling onthe Deerhorn Zone which remains open to the northwest and southeast.The 2020 drill program significantly enabled a better understanding ofthe higher grade portion of the system adding new potential for drilltesting. Significant results from previously announced holes DH20-71,72 and 74 returned 110 m grading 2.57 g/t goldand 0.44% copper, 251 m grading 1.04 g/t gold and 0.23% copper, and139 m grading 1.34 g/t gold and 0.23% copper, respectively.
The Management is looking forward to another excitingseason at Woodjam as copper demand and pricing continues to rise asthe global economy comes out of the Covid pandemic.
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:
Deposit | Tonnes (M) | Cu (%) | Au (g/t) | Cu (Mlbs) | Au (Koz) |
SE Zone | 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 Moare not considered reportable due to the uncertainty regardingeconomic recoveries.
For more information on Woodjam please visit theCompany’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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