March 5, 2021
Consolidated Woodjam Copper Corp. (TSXV:WCC, Not Rated, Taylor Combaluzier) announced the results from its recently completed IP geophysical survey on the Megaton claims – part of the company’s 100%-controlled Woodjam Cu-Au porphyry project in south-central BC. These claims, currently under option, are located immediately east of the Southeast Zone and contain the Megaton target, which represents one of six zones of porphyry mineralization at Woodjam. The survey was designed to fill in gaps between historical surveys on the Southeast Zone and the Megaton target area. The results successfully extended the Southeast IP anomaly along strike for an overall anomaly length of ~3.7km onto the Megaton claims and is interpreted to extend to ~5km onto the Rand claims further northeast. The only historical drill hole to test the Megaton target area returned low-grade mineralization but displayed similar alteration to that of the Southeast Zone. This hole is now shown to lie on the outskirts of the anomaly. We note that the Southeast Zone has a previously estimated inferred resource of ~1.54B lb Cu and ~391k oz Au and exhibits a strong IP response that appears to correlate with mineralization. We therefore expect that future drilling closer to the core of the Megaton anomaly could provide higher-grade results. Read more
