Gold Fields Releases Drilling Results from the Southeast Zone on the Woodjam Copper-Gold Project; Drill Hole SE12-80 Returns ...
22 Ottobre 2012 - 2:30PM
Marketwired Canada
Consolidated Woodjam Copper Corp. (TSX VENTURE:WCC) ("Woodjam Copper") is
pleased to report that Gold Fields Horsefly Exploration Corporation ("Gold
Fields") a subsidiary of Gold Fields Limited
(NYSE:GFI)(NASDAQ:GFI)(JSE:GFI)(DUBAI:GFI), has released assay data for 20 drill
holes (totaling 7,820.67 m) completed in 2012 to date on the Woodjam South
Property (location maps for the drilling can be viewed at
www.woodjamcopper.com). The Property is located approximately 45 km east of the
City of Williams Lake, BC.
On the Woodjam South Property drilling has been directed at expanding the
Southeast Zone where mineralization remains open in several directions. The
Southeast Zone has an initial pit constrained NI 43-101 compliant inferred
resource of 146.5 million tonnes grading 0.33% copper (with accessory gold)
which was announced in a News Release dated March 1, 2012. A table showing
results for all the holes completed in 2012 on the Southeast Zone is attached.
Highlights of the drilling program are:
-- Holes SE12-63, 64, 74, 77, 80 and 82 were all drilled as step-outs from
the southern border of the resource area and all these holes intersected
significant mineralization. Hole SE12-80 returned 310.89 m of 0.48%
copper equivalent from the bedrock interface and the top 151.79 m of
this interval returned 0.71% copper equivalent.
-- Hole SE12-67 stepped northward from the resource area and intersected
301.75 m grading 0.18% copper equivalent from 81.08 m including 129.0 m
grading 0.40% copper equivalent from 203.00 m.
(Cu Equivalent in % calculated using US$2.50/lb Cu, US$1400/oz Au)
The company is very pleased with the results to date on the Southeast Zone and
this phase of drilling continued to indicate the strong potential for growth of
the resource. Gold Fields is continuing with three drills on the Woodjam North
Property and is focusing its effort on the newly discovered Three Firs Zone as
well as the Deerhorn Zone (see News Release dated August 7, 2012) where the
mineralization carries a high gold to copper ratio. It is expected that this
phase of drilling will continue through November. A total of approximately
35,000 m of drilling is expected to be completed on the Woodjam North and
Woodjam South Properties during 2012.
Gold Fields has vested a 51% interest in both the Woodjam North and South
properties. Gold Fields gave notice to Woodjam Copper in January 2012 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
is required to spend Cdn$12 million and US$8 million over the next four years on
the Woodjam North and Woodjam South properties respectively. In addition, Gold
Fields is required to complete a comprehensive feasibility study on the Woodjam
South Property.
Core samples were analyzed by ALS Laboratory Group, a certified facility in
North Vancouver, BC. Glen L. Garratt, P.Geo., 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., Director
Consolidated Woodjam Copper Corp.
About Consolidated Woodjam Copper Corporation
Consolidated Woodjam Copper Corp. (TSX VENTURE:WCC) ("Woodjam Copper") was
called for trading on the TSX-V on November 25, 2011. Woodjam Copper was created
when Fjordland Exploration Inc. (TSX VENTURE:FEX) ("Fjordland") and Cariboo Rose
Resources Ltd. (TSX VENTURE:CRB) ("Cariboo Rose"), 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
www.goldfields.co.za.
Drilling Results:
---------------------------------------------------------------------------
From To Interval Au Cu Mo CuEq
Hole Number (m) (m) (m) (g/t) (%) (%) (%)
---------------------------------------------------------------------------
SE12-63 82.30 425.50(i) 343.20 0.031 0.18 0.01 0.22
---------------------------------------------------------------------------
Including 82.30 96.73 14.43 0.008 0.35 0.00 0.36
---------------------------------------------------------------------------
And 178.00 424.00 246.00 0.042 0.21 0.01 0.26
---------------------------------------------------------------------------
Including 222.79 364.00 141.21 0.051 0.28 0.02 0.34
---------------------------------------------------------------------------
SE12-64 77.72 434.64(i) 356.92 0.046 0.23 0.01 0.28
---------------------------------------------------------------------------
Including 77.72 286.51 208.79 0.066 0.30 0.00 0.38
---------------------------------------------------------------------------
Including 77.72 213.16 135.44 0.086 0.38 0.00 0.48
---------------------------------------------------------------------------
SE12-65 102.11 394.11(i) 292.00 0.019 0.15 0.01 0.17
---------------------------------------------------------------------------
Including 126.00 394.11 268.11 0.020 0.16 0.01 0.19
---------------------------------------------------------------------------
Including 234.00 381.00 147.00 0.028 0.20 0.01 0.23
---------------------------------------------------------------------------
SE12-66 51.51 425.50(i) 373.99 0.008 0.05 0.00 0.06
---------------------------------------------------------------------------
SE12-67 81.08 382.83(i) 301.75 0.034 0.13 0.00 0.18
---------------------------------------------------------------------------
Including 203.00 332.00 129.00 0.079 0.30 0.00 0.40
---------------------------------------------------------------------------
Including 255.00 298.00 43.00 0.060 0.39 0.00 0.46
---------------------------------------------------------------------------
SE12-68 20.73 401.73(i) 381.00 0.005 0.01 0.00 0.02
---------------------------------------------------------------------------
Including 277.93 296.73 18.80 0.030 0.18 0.00 0.21
---------------------------------------------------------------------------
SE12-69 173.74 526.08(i) 352.34 0.015 0.11 0.01 0.12
---------------------------------------------------------------------------
Including 175.00 263.00 88.00 0.026 0.18 0.00 0.22
---------------------------------------------------------------------------
Including 175.00 249.14 74.14 0.029 0.20 0.00 0.24
---------------------------------------------------------------------------
SE12-70 91.44 459.03(i) 367.59 0.006 0.09 0.00 0.10
---------------------------------------------------------------------------
Including 309.00 455.80 146.80 0.010 0.19 0.00 0.21
---------------------------------------------------------------------------
Including 367.85 451.50 83.65 0.014 0.25 0.00 0.26
---------------------------------------------------------------------------
Including 367.85 402.00 34.15 0.022 0.32 0.00 0.35
---------------------------------------------------------------------------
SE12-71 92.66 367.59(i) 274.93 0.008 0.09 0.00 0.10
---------------------------------------------------------------------------
Including 174.00 303.00 129.00 0.013 0.14 0.00 0.15
---------------------------------------------------------------------------
Including 223.00 286.00 63.00 0.020 0.19 0.00 0.21
---------------------------------------------------------------------------
SE12-72 92.66 346.25(i) 253.59 0.018 0.09 0.00 0.11
---------------------------------------------------------------------------
Including 243.00 335.00 92.00 0.028 0.13 0.01 0.16
---------------------------------------------------------------------------
SE12-73 65.53 361.49(i) 295.96 0.009 0.09 0.00 0.10
---------------------------------------------------------------------------
Including 126.00 158.00 32.00 0.014 0.13 0.00 0.15
---------------------------------------------------------------------------
And 197.00 221.00 24.00 0.013 0.45 0.04 0.46
---------------------------------------------------------------------------
SE12-74 122.83 357.53(i) 234.70 0.023 0.20 0.01 0.23
---------------------------------------------------------------------------
Including 137.00 341.00 204.00 0.025 0.22 0.01 0.25
---------------------------------------------------------------------------
Including 137.00 161.00 24.00 0.039 0.48 0.00 0.53
---------------------------------------------------------------------------
And 204.00 281.00 77.00 0.033 0.26 0.01 0.30
---------------------------------------------------------------------------
SE12-75 162.20 361.31(i) 199.11 0.013 0.07 0.00 0.09
---------------------------------------------------------------------------
SE12-76 150.27 385.88(i) 235.61 0.007 0.07 0.00 0.08
---------------------------------------------------------------------------
Including 335.00 385.88 50.88 0.019 0.22 0.00 0.25
---------------------------------------------------------------------------
SE12-77 62.79 391.97(i) 329.18 0.018 0.12 0.01 0.14
---------------------------------------------------------------------------
Including 64.00 295.00 231.00 0.021 0.14 0.01 0.17
---------------------------------------------------------------------------
Including 106.00 170.00 64.00 0.027 0.19 0.01 0.22
---------------------------------------------------------------------------
SE12-78 59.74 322.48(i) 262.74 0.006 0.02 0.00 0.03
---------------------------------------------------------------------------
SE12-79 117.00 376.73(i) 259.73 0.009 0.04 0.00 0.05
---------------------------------------------------------------------------
Including 151.00 187.00 36.00 0.042 0.14 0.00 0.19
---------------------------------------------------------------------------
Including 153.00 159.00 6.00 0.117 0.23 0.00 0.37
---------------------------------------------------------------------------
SE12-80 74.68 385.57 310.89(i) 0.125 0.32 0.01 0.48
---------------------------------------------------------------------------
Including 74.68 311.00 236.32 0.153 0.36 0.00 0.55
---------------------------------------------------------------------------
Including 74.68 226.47 151.79 0.208 0.45 0.00 0.71
---------------------------------------------------------------------------
Including 74.68 172.00 97.32 0.274 0.56 0.00 0.89
---------------------------------------------------------------------------
SE12-81 65.84 343.20 277.36(i) 0.006 0.05 0.00 0.06
---------------------------------------------------------------------------
Including 137.67 162.68 25.01 0.015 0.21 0.00 0.23
---------------------------------------------------------------------------
SE12-82 57.00 371.25 314.25(i) 0.018 0.13 0.00 0.15
---------------------------------------------------------------------------
Including 59.00 155.00 96.00 0.020 0.19 0.00 0.21
---------------------------------------------------------------------------
And 205.00 322.00 117.00 0.023 0.13 0.00 0.16
---------------------------------------------------------------------------
Notes: Intervals are core lengths; Cu Equivalent in % calculated using
US$2.50/lb Cu, US$1400/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). (i) = end of hole.
Metallurgical recoveries and net smelter returns are not considered.
FOR FURTHER INFORMATION PLEASE CONTACT:
Consolidated Woodjam Copper Corp.
Paul Way
Investor Relations
604-681-7913 or Toll Free: 1-888-656-6611
604-681-9855 (FAX)
office@woodjamcopper.com
www.woodjamcopper.com
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