Consolidated Woodjam Drilling Program Underway at the Woodjam Project, South-Central BC
thenewswire.com
Vancouver, B.C. - TheNewswire - August 27, 2020 - Consolidated Woodjam Copper Corp. ("Woodjam" or the "Company") (TSXV:WCC) is pleased to announce that the drilling program is underway on the Deerhorn Zone at its 100% owned 64,000 hectare Woodjam project located 50 kilometers east of the community of Williams Lake, BC. This drill program is designed to focus on the gold content in the Deerhorn resource and to test grade continuity between widely spaced holes along what is interpreted to be the main controlling structure and also to determine if the zone continues to depth below previous drilling and might represent a "feeder" zone that potentially could carry higher grades. This concept has never been tested and could determine if other zones should be re-evaluated.
The Deerhorn Zone is one of four zones of gold-enriched mineralization occurring in structural zones above and related to the larger Southeast Zone copper-gold-molybdenum deposit. Former option partner, Gold Fields Limited, published NI 43-101 resources in 2013 for the Southeast Zone and two of the gold enriched "satellite" zones, Deerhorn and Takom. The resources are summarized at the end of this news release. The Deerhorn Zone, with an inferred resource of 32.8 million tonnes grading 0.49 grams per tonne gold and 0.22% copper contains 516,200 ounces of gold.
Glen Garratt, P. Geo., is the qualified person who takes responsibility for this news release.
Glen Garratt, P.Geo.,
VP, Director
Consolidated Woodjam Copper Corp.
About Woodjam Copper
Woodjam Copper (TSX-V: WCC) trades on the TSX Venture Exchange and owns a 100% interest in the 64,000 hectare Woodjam copper gold porphyry project located in south-central British Columbia approximately 50km east of the community of Williams Lake in a low elevation flat to undulating landscape, well accessed by logging roads and in close proximity to hydro power.
For more information on Woodjam please visit the Company's website at: woodjamcopper.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release
Woodjam Resource Summary:
Zone
(Inferred Resource)
| Tonnes
(Mt)
| Au Grade
(Gpt)
| Cu Grade
(%)
| Metal (Au)
(K oz)
| Metal (Cu)
(MLb)
| Deerhorn (*b)
| 32.8
| 0.49
| 0.22
| 516.2
| 158.2
| Takom (b)
| 8.3
| 0.26
| 0.26
| 68.2
| 39.7
| Southeast (a)
| 221.7
| See notes
| 0.31
| See notes
| 1,507.1
|
(*a filed on Sedar, July 8, 2013, *b filed on Sedar July 9, 2013):
Note: (Southeast Zone Resource notes from Sherlock and Trueman, May 15, 2013)
1. The Au grade is 0.05 gpt for 391.1 koz, a portion of which may be recovered as a by-product,
2. These Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability,
3. NSR calculation uses USD 1,650/oz Au, USD 3.90/lb Cu and recoveries of 69% Au and 85% Cu,
4. The Resource is reported at a USD 8.60/t NSR cut-off constrained within an optimized pit Shell,
5. The pit shell is based on a price assumption of USD 1,650/oz Au & USD 3.90/lb Cu,
6. On May 30, 2013, a topography correction was made to the geologic model, and as a result the Inferred Mineral Resource figures changed to 221.7 Mt at 0.31% Cu for 1507.1 Mlb Cu and 383.7 koz Au.The April 14th news release reported the Southeast mineral resource as 227.5 MT at 0.31% Cu containing 1,541.9 Mlb Cu. This mineral resource has been subsequently revised to 221.7 Mt at 0.31% Cu containing 1,507.1 Mlb Cu. The Company does not consider this to be a material revision.
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