Woodjam History

The Woodjam gold-copper-molybdenum Property is located in the Cariboo, a region that is prolific with copper-gold mineralization. Between 1858 and 1865, the Cariboo Gold Rush occurred, bringing thousands of miners to the area. A number of active and past producing mines are present in the Cariboo.

The Woodjam Property has seen exploration over the years from a variety of operators including Placer Dome and Noranda. The claims, which had lapsed by the late 1990′s, were staked by Cariboo Rose and then optioned to Fjordland Exploration in 2001. In 2006, Fjordland earned 60% interest in the Property and the 60/40 Woodjam Joint Venture was formed. Exploration was funded by the Woodjam Joint Venture up until the time Gold Fields became involved.

In June 2009, the Woodjam project was split into two properties that are now known as Woodjam North and Woodjam South. The Woodjam North section of the property, encompassing 40,500 hectares was optioned to Gold Fields Limited that year. The Woodjam South section, was optioned to Gold Fields a year later.

In October 2011, Fjordland Exploration and Cariboo Rose Resources amalgamated their Joint Venture 60%/40% ownership in the Property and placed it in Consolidated Woodjam Copper, a newly listed company. Shareholders in Fjordland and Cariboo Rose got shares in the new company.

The Consolidated Woodjam Copper business model is to reduce risk and share dilution by using exploration leverage from the funding provided by joint venture partners. The exploration dollars of our partners’ funds work on the properties while Consolidated Woodjam Copper continues to hold title.

Consolidated Woodjam Copper pursues projects with the potential size and grade to suit major mining companies and has also developed a varied portfolio of metals within these properties. Exploration has demonstrated that the Woodjam Property is prospective for bulk-tonnage gold-copper-molybdenum deposits similar to other porphyry deposit areas in B.C.’s Quesnel Terrane.

Exploration on the Woodjam Project is active and ongoing. The Woodjam JV works closely with Gold Fields to progress the project in a cost effective manner for shareholders.