Woodjam History

The history of the area around the Woodjam project dates back to the discovery of the first gold in the Cariboo Gold Rush, discovered in the Horsefly River in 1859.

The Woodjam gold-copper-molybdenum property is located in the Cariboo region of southcentral British Columbia, 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 since at least 1974 from a variety of operators including Placer Dome (Newmont), Noranda (Glencore) and Gold Fields Ltd.

The last of the 1970’s vintage claims lapsed in 1998 and were staked by Cariboo Rose Resources Ltd. (formerly Wildrose Resources Ltd.). In 1998 Cariboo Rose Resources optioned a 60% interest in the Woodjam property to the Phelps Dodge Corporation of Canada, Ltd. who completed one four hole diamond drill program before returning the claims to Cariboo Rose in 2000.

In 2001 a 60% interest in the project was optioned to Fjordland Exploration Inc. In 2006, Fjordland earned its 60% interest in the Property and a 60/40 Woodjam Joint Venture was formed and subsequent exploration funded by Fjordland and Cariboo Rose on this basis until  Gold Fields optioned the northern part of the property (Woodjam North) in 2009 and the southern part of the property (Woodjam South) in 2010.

In October 2011, Fjordland Exploration Inc. and Cariboo Rose Resources Ltd. amalgamated their respective interests in the Woodjam Properties into a spinoff company (“Spinco”) named Consolidated Woodjam Copper Corp. All the shares issued at the completion of this new listing (50 million shares) were immediately distributed pro rata to the shareholders of Fjordland Exploration Inc. and Cariboo Rose Resources Ltd.

Between 2009 and 2013 Gold Fields invested over $25 million in exploration. By 2012 Gold Fields had earned a 51% interest in the project and had given notice of their intent to acquire a further 19%, the maximum allowed under the agreement. This work resulted in the discovery of three NI43-101 compliant deposits and the outlining of several additional exploration targets. The project currently hosts over 1.5 billion lbs of copper and 1 million ounces of gold.

In 2015, following Gold Fields restructuring, Consolidated Woodjam reacquired Gold Fields 51% interest in the Woodjam property in exchange for 19.9% of Consolidated Woodjam shares (12,285,463 shares), subject to a top up provision in 2018. The top provision was satisfied on September 24, 2018 through issuance of 3,267,724 shares of Consolidated Woodjam Copper Corp.

Consolidated Woodjam now owns a 100% interest in the Woodjam Copper Gold project.