Fjordland :Gold Fields Completes Due Diligence on Woodjam South Property, BC

- July 6th, 2010

Fjordland Exploration (CVE:FEX)  and Cariboo Rose Resources  report that Gold Fields has completed its due diligence review on the WJV’s Woodjam South copper-gold-molybdenum property, BC, Canada.
Located in south-central British Columbia, 45 km east of the city of Williams Lake, the 13,827-hectare Woodjam South Property contains the Southeast Zone copper-gold-molybdenum mineralization discovered by the WJV in 2007. To […]

Fjordland Exploration (TSXV:FEX)  and Cariboo Rose Resources  report that Gold Fields has completed its due diligence review on the WJV’s Woodjam South copper-gold-molybdenum property, BC, Canada.

Located in south-central British Columbia, 45 km east of the city of Williams Lake, the 13,827-hectare Woodjam South Property contains the Southeast Zone copper-gold-molybdenum mineralization discovered by the WJV in 2007. To date, the WJV has completed 18 diamond drill holes totaling 7,700 metres (m) in the Southeast Zone, all of which are mineralized from the overburden/bedrock interface to the bottom of the holes. One of these holes averaged 0.69% Cu, 0.27g/t Au and 0.006% Mo over 359.1 m including 1.01% Cu and 0.44g/t Au over 200.8 m. Less than one-quarter of the 2-km by 1-km induced polarization anomaly has been tested by drilling. In addition, an airborne magnetometer survey completed in 2009 identified several additional targets on the Woodjam South Property, which will be followed-up.

Fjordland’s President Tom Schroeter says:

“The credentials that Gold Fields brings to Woodjam North and Woodjam South, not only provides significant synergies, but also allows for considerable cost savings. We are very happy to have one of the world’s largest gold producers involved with these two projects and look forward to providing regular updates to shareholders.”

For complete news release, click here.

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