Discovery and Exploration of the WOODJAM Copper-Gold-Molybdenum Project, British Columbia Southeast Zone NWMA, Reno/Sparks, Nevada November 30, 2011 Presented by: Tom Schroeter
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Exploring BC’s Prolific Quesnel Terrane Copper–Gold Porphyry Belt
Woodjam Copper Corporate Summary • Common Shares TSX-V: WCC • Shares Issued : 49,999,984 • Options: TBD • Cash Position: $150,000 • Listing Date: November 30, 2011 • Predecessor Companies (Former Woodjam JV): – Fjordland Exploration Inc. (TSX-V: FEX) – Cariboo Rose Resources Ltd. (TSX-V: CRB)
About Gold Fields • One of world’s largest unhedged producers of gold • Attributable annual production of 3.5 M oz Au from 8 mines in Peru, South Africa, Ghana and Australia (target = 5 Moz by 2015) • Total attributable reserves of 77 M oz Au and resources of 225 M oz Au • Operating under Gold Fields Horsefly Exploration Corp
Woodjam Property “Heart of the Cariboo”
Woodjam Property Geology Core Area Woodjam North Woodjam South
Woodjam 2009 Magnetics Airborne (RTP-TF) Core Area Woodjam North Woodjam South
Woodjam – Infrastructure • Flat to rolling topography • Active logging area creating new access routes • Moderate climate; snow free from April to November • Existing BC power line corridor for several kilometres • Resource friendly country: Mining/exploration – logging – cattle ranching
Exploration Drilling History (45 years) YEAR OWNER/OPERATOR DRILLING COMMENTS 1966-1967 Helicon Expl`n/Magnum Cons. - 1973-1977 Exploram Minerals 6 holes - 1,056 m 1983 Archer Cathro + Assoc - 1983-1984 Placer Development 17 holes - 1,266 m Some holes very shallow (never reached bedrock) 1984 Archer Cathro & Assoc. - 1986 Big Rock Gold - 1987 Archer Cathro & Assoc. - 1990 Auspex Gold - 1991-1992 Noranda Exploration - Late 1992 - Noranda closed its BC office (terminated option) 1998 Wildrose Resources - Property Consolidation 1999 Phelps Dodge Corp. 4 holes - 767 m Phelps Dodge withdrew for corporate reasons Fjordland Exploration Inc/Cariboo 2001-2008 84 holes - 26,342 m New discoveries: Southeast and Deerhorn Zones Rose Resources Ltd. 2009 Gold Fields Horsefly 14 holes ~ 4,583 m First year of Option Agreement (Takom/Deerhorn Zones) Woodjam North and South (3 rd largest drill program in BC) 2010 Gold Fields Horsefly 75 holes ~ 21,908 m 2011 Gold Fields Horsefly 85 holes ~ 30,000 m Woodjam North and South TOTAL 285 holes – 85,922 m
Age Dates Zone Host Rock Mineral Method Approx Date Southeast Quartz Monzonite Molybdenum Re/Os 196.9 ± 0.9 Ma Other Dates (Active or Former Producers Southeast Hbld-Bio-Gr Diorite Zircon U-Pb 196.9 ± 0.3 Ma • Gibraltar: 204 to 217 Ma • Highland Valley Copper: 208 to 212 Ma Takom Quartz Monzonite Hornblende Ar/Ar 193.0 ± 1.2 Ma • Boss Mountain: 102 ± 4 Ma • Mount Polley: 205.2 ± 1.2 Ma Takom Quartz Monzonite K-spar Ar/Ar 192.2 ± 1.1 Ma • Kemess: 202 Ma Megabuck Post min dyke Biotite Ar/Ar 163.6 ± 0.84 Ma
Core Area Geophysics Magnetics (TF) IP (Chargeability)
Compilation Airborne Magnetics Drilling +
IP Chargeability (Projected to 200m) + Drilling Compilation
Megabuck East Area Shell Compilation 2011 Grade * Cu @ US$6,800/t Au @ US1100/oz Drilling Mo not included +
Woodjam South • 13,827 ha • Southeast Zone • Prospective Mag “Corridor”
Gold Fields Option – Woodjam South • Option and Joint Venture Agreement with Gold Fields Horsefly Exploration Corp (member of the Gold Fields Limited group of companies (NYSE:GFI) – May 20, 2010) • GF can earn up to a 70% interest in “South” portion (13,827 ha) of Woodjam Property [ US$15M over 7.5 year term + Can$500,000 worth of Fjordland + Cariboo Rose shares + feasibility study]. • GF may earn an initial 51% interest by spending US$7M in exploration over 3.5 years, with a minimum expenditure of US$2M in the first 18 months. In addition, GF completed private placement in mid-Aug 2010 for Can$300,000 and $200,000 worth of Fjordland and Cariboo Rose common shares respectively. • GF may extend option to earn a further 19% interest by spending a further minimum of US$2M on the property for each of the first 4 years of the second option period. • GF must complete a comprehensive “feasibility study” of all known targets or deposits in the property. • Consolidated Woodjam Copper Corporation is the operator of the project while GF will provide technical direction.
Southeast Zone Drill Summary + IP
IP Anomaly (1.5x1.0 km) Southeast Zone (looking west)
Southeast Zone • New Porphyry Cu-Au-Mo Discovery – Nov 2007. Selected by Research Capital (Jan 21, 2009) as one of the 12 “Most Exciting New Discoveries in the Last 3-year Cycle in the World” [The Drillers Dozen] • Target Area (IP Chargeability): 1.5 x 1.0 km • To end 2011: 80 drill holes – 31,740 m (includes 42 holes totaling 17,195 m in 2011) • Drill tested core area 1,000 m (length), 800 m (width), 400 to 450 m (depth) • Most holes mineralized from bedrock surface to bottoms of holes
Southeast Zone Grade Shells Woodjam Drilling
Southeast Zone X-Section A-A’
Hole No. Interval (m) % Cu % Mo g/t Au Cu Eq 07-79 207.5 0.34 0.014 0.05 0.64 08-83 402.0 0.44 0.006 0.08 0.47 08-84 359.1 0.69 0.006 0.27 0.84 including 200.8 1.01 0.004 0.44 1.26 Southeast Zone 08-88 221.6 0.46 0.013 0.05 0.57 Significant High- 10-14 243.8 0.50 0.015 0.04 0.61 Grade Intersections including 163.9 0.63 0.017 0.04 0.75 11-25 272.2 0.42 - 0.14 0.52 11-29 264.0 0.41 0.010 0.12 0.53 including 35.7 0.83 - 0.30 1.02 11-33 171.3 0.49 0.004 0.08 0.56 11-34 296.9 0.47 0.016 0.06 0.62 11-51 315.8 0.40 0.020 0.04 0.55 Gibraltar Mine – Reserves (P+P): 727.1 Mt @ 0.305% Cu, 0.008% Mo Resource (M+I): 861.9 Mt @ 0.300% Cu, 0.008% Mo (Metal Prices: Cu=US$2.25, Mo=$14/lb) Total Cash Costs of Production – 1 lb Cu = US$1.70
Southeast Zone Hole 08-84 Interval (m) % Cu % Mo Au g/t 359.1 0.69 0.006 0.27 200.8 1.01 0.002 0.44 including 51.0 1.61 0.004 0.84 including 27.0 1.96 0.0003 1.33 including 6.5 3.23 0.0002 2.38 including * Mount Polley Mine – Green Zone : 25.1 m @ 4.43% Cu, 1.28g/t Au, 26.9 g/t Ag
08-84 (225.5m) 08-83 (228 m) 1.58% Cu, 0.003% Mo, 0.49 g/t Au 1.34% Cu, 0.003% Mo, 0.15 g/t Au 08-83 (508.3m) 08-83 (190.3 m) 2.10% Cu, 0.002% Mo, 0.29 g/t Au 0.99% Cu, 0.114% Mo, 0.006 g/t Au
Woodjam North • 42,343 ha • 4 Zones Megabuck Takom Deerhorn Tisdall • Prospective “Mag High Corridor”
Gold Fields Option – Woodjam North • Option and Joint Venture Agreement with Gold Fields Horsefly Exploration Corp (a member of the Gold Fields Limited group of companies (NYSE:GFI) – July 29, 2009 • GF can earn up to 70% interest in “North” portion (42,343 ha) of Woodjam Property. • GF may earn an initial 51% interest by spending $7 M in exploration and making $350 K in cash payments to Woodjam JV over 3 years, with minimum expenditure of $1 M in first year ($3M planned). • GF may extend option to earn a further 19% interest by funding a further $12 M over 4 years (i.e. $19 million total)
IP Chargeability Background Megabuck East Megabuck + Zones
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