Woodjam Project Drilling Program Expanded
Vancouver, October 14, 2020 - Consolidated Woodjam Copper Corp. ("Woodjam" or the "Company") (TSXV:WCC) (OTC:CWMCF) is continuing the drilling program for the Deerhorn Zone at its 100% owned 64,000 hectare Woodjam project located 50 kilometers east of the community of Williams Lake, BC. The recent completion of a financing will allow the company to expand this program. The first hole, DH-20-71, has been completed at 302.50 m and the samples are in the lab. It is apparent from core logging that hole DH-20-71, drilled at a minus 75 degree angle, cut through the targeted mineralization and should give a good representation of the grade in this area once the assay results are in. So far, it is apparent that there is good continuity of mineralization cut in the first hole relative to holes to the northwest and southeast. It is not possible to determine the turn-around time of the lab or when results will be available. The recent increase in exploration in BC has many labs running behind schedule. The drill has moved to the second drill site at Deerhorn and is underway. A third drill site has been prepared further to the southeast from the first two holes and will give another cross-cut of the zone there. Further drilling is being planned as the program progresses.
Deerhorn is one of four zones of gold-enriched mineralization occurring in structural zones above and related to the larger Southeast Zone copper-gold-molybdenum deposit. Former option partner, Gold Fields Limited, published NI 43-101 resources in 2013 for the Southeast Zone and two of the gold enriched "satellite" zones, Deerhorn and Takom. The Deerhorn Zone, with an inferred resource of 32.8 million tonnes grading 0.49 grams per tonne gold and 0.22% copper contains 516,200 ounces of gold. Since the first drill hole at Deerhorn was completed in 2008 a total of 70 drill holes averaging 286 meters in length have been completed. Well mineralized holes include hole DH10-21 with 139.5 meters grading 1.26 g/t Au and 0.28% Cu, hole DH11-30 with 146.3 meters grading 1.2 g/t Au and 0.25% Cu (ending in mineralization) and hole DH12-48 with 264.2 meters grading 1.45 g/t Au and 0.26% Cu (including 58.0 meters grading 2.71 g/t Au and 0.40 % Cu).
Glen Garratt, P. Geo., is the qualified person who takes responsibility for this news release.
Glen Garratt
Glen Garratt, P.Geo.,
VP, Director
Consolidated Woodjam Copper Corp.
About Woodjam Copper
Woodjam Copper (TSX-V: WCC) trades on the TSX Venture Exchange and owns a 100% interest in the 64,000 hectare Woodjam copper gold porphyry project located in south-central British Columbia approximately 50 km east of the community of Williams Lake in a low elevation flat to undulating landscape, well accessed by logging roads and in close proximity to hydro power.
For more information on Woodjam please visit the Company's website at: http://www.woodjamcopper.com
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 release
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