Vancouver – Another significant gold and copper interval has been intersected from surface at the Megabuck zone on Fjordland Explorations (FEX-V) Woodjam porphyry project in central British Columbia. The Woodjam property covers some 4,550 hectares situated 30 km from the Mount Polley porphyry copper deposit. Fjordland can earn a 60% interest from Wildrose Resources (WRS-V).
Hole 04-37, the company’s first hole in the second phase of drilling, intersected 348.2 metres grading 0.82 gram gold and 0.12% copper including 233.2 metres of 1.01 grams gold and 0.14% copper starting from surface. The hole extends the mineralized zone easterly and at depth as it was drilled perpendicular to first phase drill holes 32 to 36.
Hole 04-37 was drilled some 80 metres west of discovery hole 04-32 which hit 378 metres grading 0.81 gram gold and 0.12% copper. It also compares favourably and builds on previous intercepts of up to 0.62 gram gold with 0.09% copper in hole 33.
The company noted weak mineralization at the end of the hole and has since re-entered the hole after which one more is slated to be drilled. Results from three more holes are pending.
The Woodjam porphyry project is situated in the Quesnel trough mineral belt, a regional structure that hosts numerous porphyry-style gold-copper deposits including Northgate Mineral’s (NGX-T) Kemess mine.
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