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» Summary
Drill results to date from Woodjam continue to support the property's potential to host large bulk-mineable gold+copper±molybdenum deposits. Three open-ended zones of porphyry mineralization have now been identified on the Woodjam property;
namely the copper-and gold-rich Megabuck and Takom Zones and the newly discovered copper+molybdenum-rich Southeast Zone.

At the Megabuck zone, diamond drilling has intersected gold+copper over considerable widths from surface with grades similar to other porphyry gold+copper deposits in the Quesnel Trough mineral belt including Northgate Mineral's (TSX: NGX) Kemess South and Kemess North deposits in northern British Columbia.
The Kemess South Mine, which produces approximately 300,000 ounces of gold and 75 million pounds of copper per year, was commissioned in 1993 with estimated mineable reserves of 200 million tonnes grading 0.63 g/t gold and 0.22% copper. Further information about the Kemess gold-copper porphyry deposits is available at www.northgateminerals.com.

In 2007 at the newly discovered Southeast Zone, 3 holes were drilled covering a strike length of 810 metres. The 2008 drilling continues to intercept copper - molybdenum mineralization with mineralization open in all directions and to depth. The IP chargeability anomaly that formed the initial drill target measures 1500 metres across and remains largely untested. Grades encountered are similar to that found at the Gibraltar Mine located approximately 60 kilometres northwest. The Gibraltar Mine has currently published Reserves: 383.6 Mt @ 0.310% Cu, 0.009% Mo and Resources: 530.0 Mt @ 0.309% Cu, 0.007% Mo.

» Location
The 37 square kilometre Woodjam Property, owned 60:40 by Fjordland and Cariboo Rose Resources Ltd, is located in the Cariboo Region of B.C. about 50 kilometres east of the City of Williams Lake at the village of Horsefly. The claims lie in low elevation, relatively flat terrane and is easily road accessible and workable on a year-round basis.

» Mineralization
The property has demonstrated alkalic and calc-alkalic porphyry gold+copper ± molybdenum style mineralization generally related to dioritic or monzonitic sub-volcanic intrusive bodies. The mode of occurrence, alteration features, geophysical results and location of gold deficient pyritic halos suggest potential for additional mineralization. The geological setting and mineral assemblage puts the Woodjam mineralization in the same classification as major deposits including Imperial Metals' nearby Mount Polley mine, Northgate Exploration's Kemess mine, and Newcrest Mining's Cadia Hill mine in Australia.

» History
An Induced Polarization Survey was conducted by Fjordland in the vicinity of the Megabuck Zone in 2001. Between 2002 to 2003, six holes were drilled in the Megabuck and Deerhorn zones. One hole (03-30), drilled in the Deerhorn zone intersected 15.4 metres of mineralization grading 0.90% copper and 0.04 g/t gold. The intercept is considered an important discovery, as it may represent an extension of known mineralization or a new zone altogether.

Fjordland's 2004 drill program focused on the Megabuck Zone. In June 2004, a gold+copper discovery in drill hole 04-32 intersected 361.2 metres (1,184 feet) grading 0.84 g/t gold and 0.12% copper from bedrock surface to the end of the hole at 365.2 metres, including 274.9 metres of 1.03 g/t gold and 0.14% copper (news release dated July 6, 2004).

Ten follow-up holes were drilled in 2004 totaling 3,968 metres. Hole 04-37, drilled perpendicular to 04-32, intersected 348.2 metres (1,142 feet) grading 0.82 g/t gold and 0.12% copper including 233.2 metres (765 feet) of 1.01 g/t gold and 0.14% copper starting from bedrock surface.

In 2005 drilling was completed in 2 phases. The first phase consisted of drilling ten RC holes (mainly in the Takom Zone) totaling 907 metres. The Takom zone is surficially defined by a 2 km by 1 km copper in-soil anomaly with copper values ranging from 50 ppm to greater than 10,000 ppm. This strong copper anomaly coincides with a larger induced polarization (IP) anomaly.

RC drilling intersected intervals of anomalously mineralized host rocks, similar to those in the Megabuck zone. The best drill hole assayed 0.16% copper over 39.6 metres with trace gold and ended in mineralization.

Follow-up diamond drilling in the Megabuck and Takom consisted of six holes totaling 2,018 metres. Drilling results extended the Megabuck gold+copper mineralization and confirmed the potential for a separate very large copper-gold system at the Takom zone. Highlights from the program include diamond drill hole 05-43 from the Megabuck zone that intersected 1.00 g/t gold and 0.22% copper over 91.7 metres (300 feet) at the bottom of the hole located on the east edge of the Megabuck grid. At the Takom zone, drill hole 05-48 returned 0.10 g/t gold and 0.12% copper over 82.6 metres and ended in mineralization. Click here to read the news release announcing the results of the phase two program.

The 2006 diamond drilling program, consisting of 21 holes tested the limits of mineralization in the gold-copper mineralized Megabuck zone. Hole 06-51 intersected 93.6 metres grading 0.95 g/t gold and 0.19% copper in an area located 50 metres south of previous drilling, and hole 06-53 returned 1.52 g/t gold and 0.23% copper over 28 metres demonstrating the existence of higher-grade mineralization in the system. These results have increased the dimensions of the Megabuck zone to an area covering approximately 300 metres by 300 metres, and determined major expansion potential that is open in all directions, particularly east and south.

In 2007 Fjordland completed ~ 100 line-kilometres of ground IP / Magnetic geophysical surveys on the Woodjam Property. The IP survey resulted in the discovery of a new zone (Southeast Zone) located approximately four kilometres to the southeast of the Megabuck deposit. A total of 8 diamond drill holes totaling 2,388 metres tested the Megabuck, Takom and Southeast Zones in 2007. Four holes, including holes 07-72, 07-73, 07-78 and 07-79, were drilled in the Southeast Zone with 07-79 intersecting 203.6 metres grading 0.34% Cu, 0.014% Mo, and 0.05 g/t Au.

Hole 07-79 was a 310-metre northeastern step out from hole 07-73, which in turn was a 500-metre northeastern step out from hole 07-72. All three holes (07-79, 07-73, and 07-72) bottomed in copper ± molybdenum mineralization (excepting the dyke noted above in 07-79) over an open-ended distance of 810 meters and are located on a recently completed IP chargeability anomaly that extends 1500 meters.