Gold Fields Starts 20,000 m Drill Program at Woodjam

Vancouver, BC, March 26 2012 – Consolidated Woodjam Copper Corp. (“Woodjam Copper”) (TSX-V: WCC) is pleased to report that Gold Fields Horsefly Exploration Corporation (“Gold Fields”) a subsidiary of Gold Fields Limited (NYSE: GFI), has advised that it has initiated the 2012 exploration program on the Woodjam North and Woodjam South properties.

The program will primarily be exploration drilling with a CDN$5.5 million budget. The program will include 20,000 m of diamond drilling to be divided equally between the Woodjam North and Woodjam South Properties. On Woodjam North, drilling will test a number of targets developed by geophysical and geochemical surveys including the Megabuck East target where drilling in 2011 intersected Megabuck style mineralization in holes ME11-02 and 03:

Hole ID

From (m)

To (m)

Interval (m)

Cu (%)

Au (g/t)

Cu Equiv. (%)

Au Equiv. (g/t)

ME11-02 71.3 98.0 26.7 0.49 0.03 0.51 0.92
and 282.0 340.0 58.0 0.59 0.02 0.61 1.09
ME11-03 90.7 134.0 43.3 0.36 0.21 0.48 0.86
and 157.0 228.8 71.8 0.14 0.12 0.20 0.37
including 157.0 195.0 38.0 0.20 0.14 0.28 0.50

Notes: Intervals are core lengths; Cu Equivalent in % calculated using US$2.50/lb Cu, US$950/oz Au and the formula: ((%Cu x 22 x Price Cu/lb) + (g/t Au x 0.03215 x Price Au/oz))/(Price Cu/lb x 22) and Au Equivalent in g/t using the formula ((%Cu x 22 x Price Cu/lb) + (g/t Au x 0.03215 x Price Au/oz)) /( Price Au/oz x 0.032151). Metallurgical recoveries and net smelter returns are not considered.

Also on Woodjam North, drilling will test a postulated fault offset for Deerhorn Zone mineralization, approximately 500 m east of drill hole DH10-23 which returned assays of 95.7 m grading 0.53g/t Au and 0.22% Cu, including 41.2 m grading 0.89g/t Au and 0.26% Cu.

On the Woodjam South Property which hosts the Southeast Zone where an initial pit constrained, inferred resource of 146.5 million tonnes grading 0.33% copper (with accessory gold) was announced in a news release dated March 1, 2012 drilling will be directed at expanding the Southeast Zone where mineralization remains open in several directions. Additionally, geophysical targets on other parts of the Woodjam South Property will be drill tested.

Gold Fields has vested a 51% interest in both the Woodjam North and South Properties. Further, Gold Fields has given notice to Woodjam Copper that it will exercise its right to earn a further 19% interest in each of the Woodjam North and Woodjam South properties. To earn this additional interest Gold Fields will be required to spend $12 million and US$8 million on the Woodjam North and Woodjam South properties respectively, over the next four years. In addition, Gold Fields is required to complete a comprehensive feasibility study on the Woodjam South property.

Glen L. Garratt, PGeo, a qualified person for the purposes of National Instrument 43-101, has read and taken responsibility for this news release.

Glen L. Garratt, P.Geo

Consolidated Woodjam Copper Corp.

Paul Way, Investor Relations

Phone: (604) 681-7913, Toll Free: 888-656-6611; email:


The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

About Consolidated Woodjam Copper Corporation

Consolidated Woodjam Copper Corp. (“Woodjam Copper”) (TSX-V: WCC) was called for trading on the TSX-V on November 25, 2011. Woodjam Copper was created when Fjordland Exploration Inc. (“Fjordland”) (TSX-V: FEX) and Cariboo Rose Resources Ltd. (“Cariboo Rose”) (TSX-V: CRB), 60%-40% partners in the Woodjam Joint Venture (“WJV”), jointly put their interests in the WJV into the new company. Shareholders of Fjordland and Cariboo Rose received shares in Woodjam Copper. Woodjam Copper currently owns a 49% interest in the Woodjam North and Woodjam South properties which are under option to Gold Fields who own a 51% interest and may earn a further 19% to total a 70% interest in the properties. In 2012, Woodjam Copper published an initial Southeast Zone NI 43-101 compliant inferred resource of 146.5 million tons grading 0.33% copper (pit constrained).

About Gold Fields Limited

 Gold Fields is one of the world’s largest unhedged producers of gold with attributable, annual production of 3.5 million ounces per annum from eight operating mines in South Africa, Ghana, Australia and Peru. Gold Fields also has an extensive growth pipeline with both greenfield and near-mine exploration projects at various stages of development. Gold Fields has total attributable Mineral Reserves of 80.6 million ounces and Mineral Resources of 217 million ounces. For more information visit the company’s website at


Category: Press Releases · Tags:

Comments are closed.