President and CEO: William (Bill) Morton, M.Sc, B.Sc., P.Geo.
Vice president: Glen Garratt, B.Sc., P.Geo.
Senior Technical Advisor: Tom Schroeter, P.Eng/P.Geo.
Consolidated Woodjam Copper Corp. and its funding partner, Gold Fields Horsefly Exploration Corp., focused in 2012 on exploring the 56,500-hectare (139,612 acres) logging roads-accessible Woodjam North and Woodjam South copper-gold-molybdenum properties located 50 kilometers (31 miles) east of Williams Lake in central British Columbia. Gold Fields Horsefly is a unit of South Africa-based Gold Fields Ltd., one of the world’s largest producers of gold with yearly output of about 3.5 million gold-equivalent ounces from eight operating mines in Australia, Africa and South America. Since optioning the Woodjam properties in 2009, Gold Fields has completed various geological, geophysical and geochemical surveys and extensive diamond drilling. At least four centers of significant copper-gold mineralization are recognized within a north-east-trending corridor of airborne geophysical anomalies. Gold Fields has earned a 51 percent interest in the Woodjam properties. In early 2012, the major said it will exercise its right to earn a further 19 percent interest in the two properties. In March, it announced a C$5.5 million, 20,000-meter drilling campaign and by August had discovered the Three Firs Zone, a significant copper-gold mineralized area. Gold Fields also completed drilling extensions to the Southeast zone on the Woodjam South property, which hosts a NI 43-101-compliant inferred resource of 146.5 million metric tons grading 0.33 percent copper for 1.06 billion pounds of copper. Following up on this drilling success, Woodjam Copper said Gold Fields planned to add a third rig in September with C$4.4 million in additional spending for 15,000 meters more in the 2012 program.
Cash and short-term deposits: C$99,950 (May 31, 2012)
Working capital: C$99,950 (May 31, 2012)
Market capitalization: C$9.25 million (Sept. 1, 2012)
110 - 325 Howe Street
Vancouver, B.C. Canada V6C 1Z7
Tel: 604-681-7913 • Fax: 604-681-9855