1Vancouver, BC / TheNewswire / June 28, 2016 - Consolidated Woodjam Copper Corp. ("Woodjam Copper") (TSX-V: WCC) has begun putting in grids on four target areas of the Woodjam Property located at Horsefly, BC, approximately 45 km northeast of the City of Williams Lake. A geophysical crew will be arriving on the property in early July to begin an Induced Polarization (IP) and magnetic survey on these grids which will total approximately 30 km. The survey is expected to take about a month to complete and results will be released after the data is compiled and interpreted.
The Woodjam project is located in the Quesnel terrane of central British Columbia and is near the Gibraltar and Mount Polley Cu-Au Mines. Woodjam Copper purchased Gold Fields' 51% interest in mid-2015 and they remain a 19.9% shareholder in Woodjam Copper. From 2009 Gold Fields completed expenditures of approximately $25M, Prior expenditures by the Woodjam Copper partners was in the order of $5M. This work resulted in the discovery of four new NI43-101 compliant deposits and the outlining of several additional exploration targets. Woodjam Copper is continuing to pursue new discoveries on this district scale property which covers 61,869 ha.
Four target areas are being surveyed which include extensions or infilling of existing targets as well as exploration grids over geologic targets:
-The Southeast Zone IP grid does not extend northeasterly onto the Megaton property where in 2013 Gold Fields drilled a hole 1.3 km northeast of the Southeast Zone that intersected the same intrusive phases and alteration as the Southeast Zone and returned 121 m grading 0.11% Cu. This grid extension is designed to define a large area for discovery potential to the east of the Southeast Zone.
-Prior reconnaissance IP surveying 1.5 km southeast of the Three Firs Zone indicated a possible anomaly on two lines that are approximately 1 km apart. A drill hole on the western edge of the anomaly intersected quartz-base metal mineralization over narrow intervals. One 1.5 m sample returned 0.28% Cu and 1.25 g/t Au. This grid will be in-filled to give better definition of the target area.
-A Gold Fields reconnaissance hole 2 km south of Southeast Zone intersected potassic altered quartz-monzonite with minor copper and molybdenum mineralization. The hole intersected intrusive phases comparable to the Southeast Zone and also lies along the apparent edge of the Takomkane Batholith as does the Southeast Zone. No other exploration has been completed in this area and a grid will be put in to determine if a mineralizing system can be outlined.
-A series of reconnaissance IP lines to the northwest of the Megabuck Zone indicate a several km long, northeast trending chargeability anomaly that has not seen any follow-up. The grid will be brought from a 400 m line spacing to 200 m to allow better targeting for future drill testing.
Woodjam Copper management are excited about the discovery potential on the Woodjam Property and look forward to testing the many available targets.
G. L. Garratt, P.Geo., a qualified person for the purposes of National Instrument 43-101, has read and taken responsibility for this news release.
Consolidated Woodjam Copper Corp.
Contact: Paul Way, Business Development Manager
(604) 681-7913 or Toll Free: 888-656-6611
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 news release.
Consolidated Woodjam Copper Corp. ("Woodjam Copper") (TSX-V: WCC) trades on the TSX-V exchange and currently owns a 100% interest in the Woodjam Project in British Columbia. Visit the Company's website at: http://www.woodjamcopper.com.
Suite 110 - 325 Howe Street, Vancouver, BC, V6C 1Z7, Canada
Phone: (604) 681-7913 or toll free at 1-888-656-6611 Fax: (604) 681-9855 email: email@example.com
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