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|  Introduction The Woodjam gold-copper project is located in south-central British Columbia 70 kilometres east of Williams Lake and 30 kilometres south of the Mount Polley property, owned by Imperial Metals Corporation. Exploration has demonstrated that the Woodjam property is prospective for bulk-tonnage gold-copper deposits similar to other porphyry deposits in B.C.'s Quesnel Terrane. The Woodjam property has had approximately 25,000 metres of drilling since 2001, most of which has been in the Megabuck zone. Megabuck: Drilling during the 2004-2006 seasons largely focused on the Megabuck Zone where significant gold-copper mineralization has been outlined over an area of several hundred metres and remains open-ended. In 2003, three drill holes were completed in a separate area of the property located 450 metres east of the earlier work at the Megabuck Zone. The second hole of the 2003 program returned 15.4 metres grading 0.90% copper in this new area. Takom: There is also a zone called the Takom to the south of Megabuck that has seen some drilling with hole 05-48 coring 0.12 g/t gold and 0.12% copper over 82.6 metres. The zone is outlined by coincident IP geophysical and soil copper geochemical anomalies that define an area of one by two kilometres. Southeast: In 2007 a new zone, called the Southeast Zone was discovered by an IP survey and is currently being drilled. The style and grades of mineralization in the Southeast Zone are comparable with those at significant copper-molybdenum mines in BC such as Teck Cominco's Highland Valley Copper deposit (2007 reserves of 318.7 Mt grading 0.43% Cu and 0.008% Mo) and Taseko's Gibraltar deposit (2007 reserves of 383.6 Mt grading 0.31% Cu and 0.009% Mo). A total of 15 holes have now been drilled and reported for the Southeast Zone; and all are mineralized from the bedrock surface to the bottom of the hole. Mineralization appears to correlate well with an IP chargeability anomaly that measures 1.5 km by 1.0 km. The Southeast Zone is open to expansion to depth and in all directions. Deerhorn: Drilling in 2008, in two holes spaced 100 m apart, has intersected intervals of quartz-chalcopyrite-magnetite veining as well as disseminated chalcopyrite mineralization in an area approximately 1.5 km northeast of the Megabuck copper-gold zone. The intrusion hosting mineralization in the newly-drilled Deerhorn Zone visually appears similar to that intersected in the Megabuck Zone. Assays pending. Geology The Megabuck Zone shares many geological features with Mount Polley, including a suite of generally alkalic Triassic-Jurassic intrusives and related volcanics. Megabuck represents an unusual porphyry copper style of occurrence with an extraordinarily high gold to copper ratio of 1:1,400 such that mineralization grading 0.14% copper from weak but pervasive disseminated chalcopyrite and minor bornite contains one gram of gold per ton. A sample of molybdenite from the Southeast Zone was submitted to the BC Geological Survey for age dating and has returned a date of approximately 197 million years. This date coincides very closely with age dating from Teck Cominco Limited's huge Highland Valley Copper mine which returned dates from 191.3 to 198.0 million years. The Southeast Zone has geological characteristics comparable to the Highland Valley Copper mine such as being hosted within a quartz monzonite to monzodiorite and the association of mineralization with quartz stockworks, disseminated and coating fractures. Both deposits are associated with large intrusive complexes or batholiths; Highland Valley Copper with the Guichon Batholith and the Southeast Zone with the Takomkane Batholith. Previous drill results from the Megabuck Zone include:
Work in 2007 and 2008 In 2007, an IP study gave evidence that a large intrusive/hydrothermal complex measuring approximately five kilometres by six kilometres underlies the almost 30,000 hectare Woodjam property, with at least three large IP chargeability anomalies. Two of these, the Megabuck and Takom Zones, are associated with known copper and gold mineralization while the Southeast Zone has had no previous exploration until this year. The geophysical survey data dramatically expands the area of interest for exploration on the Woodjam property and suggests a much greater potential for discovery than previously envisioned. Northeasterly trending geologic features have long been considered important in determining the location of large mineralizing systems in the generally northwest trending Quesnel Terrane. This recent data suggests that such a feature is present and is aligned with the known mineralized areas on the property. Several target areas were drilled in 2007 with 8 diamond drill holes totaling 2,388 metres. Holes 07-72, 07-73, 07-78 and 07-79 were drilled in the Southeast Zone. The recently completed hole 07-79 intersected 207.45 metres of copper-molybdenum mineralization. The hole encountered chalcopyrite and molybdenite mineralized quartz monzonite from the bed rock surface at 145.2 metres to 352.65 metres. The final 5.5 metres of the hole (352.5-357.5 metres) cross-cut a post mineralized basaltic dyke that is considered to be unmineralized and was stopped due to machine limitations and seasonal considerations. The dyke is similar to a 1.5 metre dyke noted further up in the hole. Mineralization is expected to continue beyond the dyke and is considered to be open ended. Holes 08-80 and 08-81 were step out holes from 07-79 and confirmed that a copper-molybdenum deposit with significant size potential may be present. Hole 08-82, the latest hole from which assays have been received, intersected 570.9 metres grading 0.35% copper equivalent. Hole 03-83, the most recent and promising hole is in the table below.
Access The project area is in a low elevation terrain with moderate topography. The property is bisected by a well maintained network of logging roads and is amenable to drilling on a year-round basis. To view in Google Earth click here. Comparables At Woodjam, the company is targeting mineralization similar to what occurs at Cadia Hill in Australia (Newcrest Mining Limited) and the Kemess deposit in BC. (Northgate Minerals Corporation). Cadia Hill commenced production in 1996 with a resource of 210 million tonnes grading 0.72 g/t gold and 0.18% copper while Kemess commenced in 1999 with a resource of 200 million tonnes grading 0.22% copper and 0.63 g/t gold. Gold-copper mineralization at Cadia Hill, Kemess, Mount Polley and Woodjam are all associated with monzonite intrusives into adjacent, generally mafic, volcanic rocks. Status Fjordland Exploration Inc. earned a 60% interest in the project and a joint venture agreement was signed in early 2006. Cariboo Rose and Fjordland intend to continue aggressive exploration on the Woodjam Project. Approximately 100 kilometres of induced polarization survey was performed in 2007 with 8 holes drilled. In 2008, a larger progam including "deep IP" and drilling is currently ongoing. Maps Woodjam Photos
Woodjam Hole 07-79 Woodjam Hole 08-80
Woodjam Hole 08-81
Technical Document Woodjam NI43-101 (pdf) | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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