Woodjam South

Woodjam South contains the Southeast Zone, a porphyry copper-gold-molybdenum discovery with significant size potential. A NI43-101 reported inferred resource on the Southeast Zone completed in 2013 calculated a 227.5 million tonne resource grading 0.31% copper (for 1.54 billion pounds of copper).

To read the complete National Instrument 43-101 Technical Report for the Woodjam Copper Gold Project Cariboo Mining Division, British Columbia please click here.

Introduction

Woodjam South contains the Southeast Zone, a new porphyry copper-gold-molybdenum discovery with significant size potential. The Southeast Zone still remains open in all directions, including depth. The area of mineralization at the Southeast Zone currently extends over an area 1,300 m by 900 m.

Geology

Mineralization in the Southeast Zone is hosted by a quartz monzonite phase of the early Jurassic Takomkame Batholith. The Takomkame Batholith which covers an area of »1,500 square kilometers is only exposed sporadically and in addition to extensive coverage by overburden is commonly topped by a veneer of Eocene and Miocene volcanic rocks.

Breakthrough in 2007

An IP study performed in 2007 gave evidence that a large intrusive/hydrothermal complex measuring approximately five kilometres by six kilometres underlies the combined Woodjam North and Woodjam South properties. This led to the drilling of an anomaly called the Southeast target and the subsequent discovery of a large area of copper-gold-molybdenum porphyry mineralization now called the Southeast Zone. The style and grades of mineralization in the Southeast Zone are comparable to other significant copper-molybdenum mines in BC including Teck Corps. Highland Valley Copper deposit and Taseko’s Gibraltar deposit

The most successful hole drilled to date (WJ08-84) averaged 0.69% Cu, 0.26 g/t Au and 0.006% Mo over 359.1 m, including 1.01% Cu, 0.44g/t Au and 0.002% Mo over 200.8 m.

Selected drill results from the Southeast Zone include:

Hole

From (m)

To (m)

Interval (m)

Cu (%)

Mo (%)

Au g/t

08-80

189.9

581.6

391.7

0.22

0.012

0.046

Including

202.6

264.4

242.6

0.42

0.014

08-81

172.2

393.2

221.0

0.28

0.018

0.060

Including

172.2

268.5

96.3

0.33

0.024

08-82

129.5

700.4

570.9

0.24

0.013

0.038

Including

129.5

231.0

101.5

0.37

0.016

Including

129.5

182.2

52.7

0.42

0.024

08-83

128.6

530.7

402.1

0.44

0.006

0.079

Including

128.6

365.0

236.4

0.56

0.003

0.106

08-84

125.88

485.0 (eoh)

359.12

0.69

0.006

0.27

Including

125.9

326.6

200.7

1.01

0.002

0.44

Including

260.6

311.6

51.0

1.61

0.004

0.84

08-96

173.7

425.8 (eoh)

252.1

0.39

0.008

0.09

 

Southeast Zone Digital Core Shack
Click here to view a digital image gallery of photos.

The Southeast Zone Resource

On May 15, 2013, Gold Fields released the updated inferred resource for the Southeast Zone: 227.5 million tonnes at 0.31% copper for 1,541.9 billion pounds of copper.

This resource is open pit constrained using the parameters indicated below. The resource is reported only in regards to copper content although accessory gold, molybdenum and silver occur, but are not defined to a level of confidence sufficient to be included in the resource estimation.  Parameters used to define the theoretical pit:

1.)    The disclosed mineral resource is reported using a US$8.60/t net smelter return (NSR) cut-off grade.

2.)    Copper price at US$3.90/lb.

3.)    Gold price at US$1,650/oz.

4.)    Recoveries estimated to be 85% for copper and 60% for gold, based on initial metallurgical testing.

Breakthrough in 2013

In 2013 a third party option was entered on behalf of the Woodjam South project on claims occurring immediately to the east of the Southeast Zone. This option named the Megaton Option allows the Woodjam project to earn a 100% interest in these claims. A reconnaissance drill program consisting of six diamond drill holes (1,474.3 meters) was initiated in October 2013. All of the holes encountered altered and variably mineralized Takomkame intrusive lithologies similar to what hosts the Southeast Zone resource. Two of the holes occurring on the north side of the October November drill program encountered significant thicknesses of copper mineralization with the most significant result being hole MT13-04 with 121meters grading 0.11% Cu including 47meters grading 0.14% Cu with erratic molybdenum mineralization which reached values as high as 0.23% Mo over individual 1.5 meter sample intervals. MT13-04 is located approximately 2.1 km NE from the centre of the Southeast Zone and consequently opens up a large area of potential expansion for this zone.

Status

Consolidated Woodjam Copper is 100% owner of the Woodjam South property subject to underlying royalties to Gold Fields.

To view Woodjam Maps click here.