Deerhorn Zone 2021 Drill Results: Hole DH21-77 intersects 24.0 m of 3.85 g/t gold equivalent
Vancouver, March 3, 2022 - Consolidated Woodjam Copper Corp. ("Woodjam" or the "Company") (TSXV:WCC) (OTC:CWMCF) is pleased to announce final results from the 2021 drilling program at the Woodjam property, approximately 50 km northeast of the city of Williams Lake. Nine holes were completed for a total of 3913.63 m. The results from three holes drilled in the Megaton Target and the Southeast Zone were released on September 7, 2021. The final results for the six Deerhorn holes were received late last week. A summary of the drilling results follows:
| Hole ID | From (m) | To (m) | Interval (m) | Au (g/t) | Cu (%) | AuEq (g/t) | CuEq (%) | |
| DH21-75 | 213.00 | 261.00 | 48.00 | 0.50 | 0.23 | 0.85 | 0.56 | |
| Including | 231.00 | 250.07 | 26.00 | 0.64 | 0.28 | 1.07 | 0.70 | |
| DH21-76 | 195.00 | 229.00 | 34.00 | 0.68 | 0.34 | 1.20 | 0.79 | |
| DH21-77 | 140.00 | 249.22 | 109.22 | 0.78 | 0.18 | 1.05 | 0.69 | |
| Including | 186.00 | 248.00 | 62.00 | 1.22 | 0.19 | 1.51 | 0.99 | |
| Including | 222.00 | 246.00 | 24.00 | 3.12 | 0.48 | 3.85 | 2.53 | |
| and | 292.85 | 305.00 | 12.15 | 1.07 | 0.18 | 1.34 | 0.88 | |
| DH21-78 | 158.00 | 363.00 | 205.00 | 0.37 | 0.10 | 0.52 | 0.34 | |
| and | 213.00 | 323.00 | 110.00 | 0.49 | 0.12 | 0.67 | 0.44 | |
| DH21-79 | 339.00 | 361.00 | 22.00 | 0.62 | 0.32 | 1.11 | 0.73 | |
| and | 395.00 | 411.00 | 16.00 | 0.18 | 0.11 | 0.35 | 0.23 | |
| DH21-80 | 77.00 | 276.00 | 199.00 | 0.35 | 0.32 | 0.84 | 0.55 | |
| including | 173.00 | 276.00 | 103.00 | 0.53 | 0.42 | 1.17 | 0.77 | |
| and | 263.00 | 276.00 | 13.00 | 2.00 | 0.94 | 3.43 | 2.25 |
(Copper equivalent grades (CuEq per cent) and gold equivalent grades (AuEq g/t) are for comparative purposes only. Calculations are uncut and processing recovery is assumed to be 100 per cent. The following metal prices were used to calculate the equivalence: $1,800 (U.S.) per ounce gold and $4.00 (U.S.)/lb copper using the following formula: AuEq g/t Au is equal to g/t Au plus ((Cu percent multiplied by 2205 multiplied by 4.00) divided by (1800 divided by 31.10) multiplied by 100))-CuEq per cent Cu is equal to per cent Cu plus ((g/t Au multiplied by 1800 divided by 31.20) divided by (2205 multiplied by 4.00) multiplied by 100))
The drilling in the Deerhorn Zone continues to return positive results from the northwest trending corridor in the southwesterly portion of the resource area. We are continuing to intersect strong gold and copper grades while confirming the continuity of the zone. Three of the holes DH21-75, 76 and 79 intersected narrower intervals due to post mineral dykes. (See attached plan map).
Drill hole DH21-80 was drilled on a parallel northwest trending more copper dominant corridor approximately 200m north of the first five holes. The hole was drilled to improve our understanding of the geometry in this area which has not been extensively drilled. The results indicate that we can intersect long intervals of strong copper and gold grades and the area remains open along strike in both directions. (See attached cross-section)
The Company is pleased with the results at the Woodjam Project which continues to show strong upside in exploration potential. Planning is underway for the 2022 season with the intention of further testing target areas and expanding resources.
OTHER MATTERS
In accordance with TSXV policies, the Company confirms that Red Cloud Financial Services Inc. is no longer conducting investor relation activities for the Company.
Glen Garratt, P. Geo., is the qualified person who takes responsibility for this news release.
Glen Garratt
Glen Garratt, P.Geo., VP, Director
Consolidated Woodjam Copper Corp.
About Woodjam Copper
Woodjam Copper (TSX-V: WCC) trades on the TSX Venture Exchange and owns a 100% interest in the 64,000 hectare Woodjam copper gold porphyry project located in south-central British Columbia approximately 50 km east of the community of Williams Lake in a low elevation flat to undulating landscape, well accessed by logging roads and in close proximity to hydro power. The Woodjam Project hosts the following resources:
| Zone | Tonnes (Mt) | Cu (%) | Au (g/t) | Cu (M lbs.) | Au (1000 oz.) |
| Southeast | 221.7 | 0.31 | ‡ | 1,541.9 | |
| Deerhorn | 32.8 | 0.22 | 0.49 | 158.2 | 516.2 |
| Takom | 8.3 | 0.22 | 0.26 | 39.7 | 68.2 |
These Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. The tonnes and grade are reported at a USD$8.60/t NSR cut-off and are constrained within an optimized pit shell. NSR calculation uses USD1,650/oz Au, USD3.90/lb Cu and metallurgical recoveries specific to each deposit.‡ For the SE Zone, Au and Mo are not considered reportable due to the uncertainty regarding economic recoveries.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release
Forward-Looking Information
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "anticipate", "believe", "plan", "expect", "intend", "estimate", "forecast", "project", "budget", "schedule", "may", "will", "could", "might", "should" or variations of such words or similar words or expressions. Forward-looking information is based on reasonable assumptions that have been made by Consolidated Woodjam Copper Corp. as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Consolidated Woodjam Copper Corp. to be materially different from those expressed or implied by such forward-looking information. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information Consolidated Woodjam Copper Corp. does not undertake to update any forward-looking information that is included herein, except in accordance with applicable securities laws.
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