Prospects and Projects

Project Review: Consolidated Woodjam Copper Corp, Woodjam Property

The Woodjam property consists of two claim blocks that are located in British Columbia, Canada, 45 kilometres east of Williams Lake and cover to the small town of Horsefly (so named because of the ubiquitous biting insects). They are jointly owned 50/50 by Consolidated Woodjam Copper Corp [TSX-V:WCC]  and Gold Fields Ltd. [NYSE:GFI] . The project area covers the boundary between two very different types of rock; the ancient volcanic ocean islands that make up the Nicola Arc and a large intrusive Takomkane batholith to the east.  Unusually for a porphyry property it displays multiple styles of mineralization in close proximity, and even more unusually it has been the subject of a major joint venture since 2010 and is very well studied.

Discovery

WoodJam Property location: showing surrounding deposits
WoodJam Property location: showing surrounding deposits

The region has been explored for gold since the Cariboo gold rush with the town of Horsefly dating back to 1859. However it has only been in the latter half of the 20th Century that the area has actively been explored for copper with the discovery of the Mount Polley and the Gibraltar Deposits to the north. The property itself was looked at by various operators since the 1960’s but the over 100m of till (rock and clay mixed and dropped by the glaciers) defeated all attempts. Initial work located strong but limited mineralization in 2004 such as 274 m of 0.14% Copper and 1.03 g/t Gold.  Finally in 2007 drilling a blind subsurface IP target in the southeast hit 242.6 meters grading 0.18% copper and 64 ppm molybdenum and proved the existence of a large buried porphyry system, the Southeast Zone.

Delineation and Drilling

Since 2010 the project has been developed with Gold Fields Ltd. which is one the world’s largest gold producers.  Gold Fields has earned a 51% interest in the project and can earn a further, 19% by spending another $12 Million.  Highlights of the drilling since discovery include 0.69% Cu, 0.26 g/t Au and 0.006% Mo over 359.1 m, including 1.01% Cu, 0.44g/t Au and 0.002% Mo over 200.8 m and a 2013 resource was calculated at 227 MT of 0.31% Copper for the Southeast Zone. In addition two other zones the Takom and Deerhorn zones have resources of 8.3 MT of 0.26 g/t Gold 0.22% Copper and 32.8 MT 0.49 g/t Gold 0.22% Copper respectively.

Geology

Potassicaly altered quartz monzonite from the Southeast Deposit from DDH 08-83 (190.3 m) grading 0.99% Cu, 0.114% Mo, 0.006 g/t
Potassicaly altered quartz monzonite from the Southeast Deposit from DDH 08-83 (190.3 m) grading 0.99% Cu, 0.114% Mo, 0.006 g/t

(from del Real et al 2013)

The deposits form two distinct styles one is the classic alkalic Copper-Gold porphyry and the other is a more calc-alkaline style Copper-Molybdenum ore. Usually these deposits are found in widely separated geological environments however in this case they are only 4 kilometres apart. The Southeast Zone deposit (Calc-Alkalic) is hosted in a series of texturally variable quartz-monzonites (granite-type rock) while the Deerhorn (Alkalic) is hosted in sedimentary rocks intruded by monzonites. Each deposit has a distinctive alteration and metal signature with the Deerhorn hosting much more gold and having tourmaline breccias , while the Southeast Zone has distinctive extensive albitic alteration. Their proximity suggests a genetic linkage and perhaps an affinity with the High-K Cal-Alkalic (like Red Chris). However more study is needed to definitively pinpoint their relationships.

Further Reading

del Real, I., Hart, C.J.R., Bouzari, F., Blackwell, J.L., Rainbow, A., Sherlock, R. and Skinner, T. (2013): Paragenesis and alteration of the Southeast Zone and Deerhorn porphyry deposits, Woodjam property, central British Columbia (parts of 093A); in Geoscience BC Summary of Activities 2012, Geoscience BC, Report 2013-1, p. 79–90. (PDF)

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Andrew Watson

Andrew Watson is the principal of Anterrra Consulting, which provides strategic advice, project generation, investor relations services and digital data management services to clients in Mining, Junior Exploration and Oil and Gas. Andrew's experience covers all aspects of the resource venture capital from project evaluation, IPO's, fundraising, investor relations, cartography, technical report writing, exploration program design, with an applied expertise in mineral exploration in porphyry copper deposits, Athabasca unconformity uranium deposits, RIRG's (reduced intrusive related gold) deposits and layered mafic intrusion Ni-Cu-PGM deposits. With Oil and Gas his experience is primarily in the Madison, Bakken and Nisku Petroleum systems of Southern Alberta/ Northern Montana.

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