Columbia Yukon Explorations Inc.: Infill Drilling At Storie Deposit Intersects 210 Metres Grading 0.102% Moly!
21 Janvier 2009 - 4:31PM
Marketwired
Columbia Yukon Explorations Inc. (the "Company" or "Columbia
Yukon") (TSX VENTURE: CYU)(FRANKFURT: VOR) is extremely pleased to
announce additional assay results from the Company's "Storie"
property molybdenum deposit located near Cassiar in northern
British Columbia.
Seven additional drill holes (ST08-138, 139, 140, 141, 142, 143
and 144) were completed during the Company's 2008 drilling program
and all seven intersected significant molybdenum mineralization
(four of which holes are located outside of the known NI 43-101
Resource).
Drill hole ST08-138, a shallow dipping exploration hole (located
100 metres south of the known Indicated Resource), intersected 54
metres grading 0.094% Mo, including 15 metres grading 0.137%
Mo;
Drill hole ST08-139, a shallow dipping exploration hole (located
in the southeast corner of the known Indicated Resource),
intersected 342 metres grading 0.050% Mo, including 33 metres
grading 0.091% Mo and 15 metres grading 0.200% Mo;
Drill hole ST08-140 (located 50 metres north of the known
Indicated Resource) intersected 72 metres grading 0.053% Mo;
Drill hole ST08-141, a shallow dipping exploration hole (located
in the central east of the known Indicated Resource), intersected
384 metres grading 0.082% Mo, including 210 metres grading 0.102%
Mo;
Drill hole ST08-142, a shallow dipping exploration hole (located
in the southeast corner of the known Indicated Resource),
intersected 195 metres grading 0.058% Mo, including 63 metres of
0.096% Mo and 21 metres of 0.097% Mo;
Drill hole ST08-143 (located 100 metres north of the known
Indicated Resource) intersected 276 metres grading 0.065% Mo,
including 36 metres grading 0.150% Mo;
Drill hole ST08-144 (located 25 metres north of the known
Indicated Resource) intersected 282 metres grading 0.049% Mo,
including 42 metres grading 0.084% Mo;
A total of 49 drill holes were completed by Columbia Yukon in
its 2008 drilling program on the Storie property. To date, assay
results have been received and reported for all 49 drill holes.
The assay results for the seven drill holes referred to above
are as follows:
----------------------------------------------------------------------------
Hole From To Interval Average Grade Average Grade
Number (metres) (metres) (metres) (Mo%) (MoS2%)(i)
----------------------------------------------------------------------------
ST08-138 8 62 54 0.094 0.157
----------------------------------------------------------------------------
Including 47 62 15 0.137 0.228
----------------------------------------------------------------------------
ST08-139 12 354 342 0.050 0.083
----------------------------------------------------------------------------
Including 45 78 33 0.091 0.152
----------------------------------------------------------------------------
Including 135 150 15 0.200 0.333
----------------------------------------------------------------------------
ST08-140 267 339 72 0.053 0.088
----------------------------------------------------------------------------
ST08-141 98 482 384 0.082 0.137
----------------------------------------------------------------------------
Including 113 323 210 0.102 0.170
----------------------------------------------------------------------------
ST08-142 15 210 195 0.058 0.097
----------------------------------------------------------------------------
Including 15 78 63 0.096 0.160
----------------------------------------------------------------------------
Including 189 210 21 0.097 0.162
----------------------------------------------------------------------------
ST08-143 168 444 276 0.065 0.108
----------------------------------------------------------------------------
Including 321 357 36 0.150 0.250
----------------------------------------------------------------------------
ST08-144 138 420 282 0.049 0.082
----------------------------------------------------------------------------
Including 255 297 42 0.084 0.140
----------------------------------------------------------------------------
(i) conversion factor: 1% MoS2 = 0.5999% Mo
The current NI 43-101 Mineral Resource Estimate Report, as
prepared by Watts, Griffis and McOuat Limited, Consulting
Geologists and Engineers of Toronto, Ontario ("Watts Griffis"), and
Mintec, Inc. of Tucson, Arizona ("Mintec"), has been prepared in
compliance with NI 43-101 and presents a review of the geology and
Mineral Resources of Columbia Yukon's Storie property molybdenum
deposit. The Company has filed the NI 43-101 Report on
www.SEDAR.com and on its website at www.columbiayukon.com. The
assay results from the Company's 2008 drilling program are being
reviewed and analyzed by Watts Griffis and Mintec in connection
with the preparation of a further updated NI 43-101 Report, the
results of which will be announced by the Company when
completed.
All of the above holes were drilled using hydraulic drills
producing NQ size core. Most of the core was sawn in half by a
diamond bit rock saw and half of the core was retained and stored
in the core box for permanent record or later reference. The other
half was bagged and sent to Loring Labs of Calgary, Alberta, where
it was crushed and pulverized. A one gram sample was then split out
and dissolved in a four acid complete dissolution and analyzed for
molybdenum using an "AA" (atomic absorption) finish. In addition to
both Loring Labs' and Columbia Yukon's internal QA/QC, every 20th
sample reject pulp is being sent to Acme Analytical Laboratories of
Vancouver, B.C. for inter-laboratory analysis. With the core that
was not split, such core was from certain infill drill holes that
were surrounded by split core holes. This measure was taken to
confirm the Company's core handling procedure and to determine
whether a variance exists between the assay results from such core
samples.
This news release has been reviewed and approved by Mr. Arnold
Pollmer, P.Geo., who is acting as the Qualified Person for the
Company's Storie molybdenum project in accordance with regulations
under NI 43-101.
About Columbia Yukon Explorations Inc.:
Columbia Yukon is a Canadian mineral exploration company focused
on the development of its Storie property molybdenum deposit. The
Storie property is situated about 6 km southwest of Cassiar,
British Columbia. Cassiar is located 15 km (by road) west of
Highway 37, which provides access to Watson Lake, Yukon, to the
north and Dease Lake and Stewart, British Columbia, to the
south.
Columbia Yukon Explorations Inc.
Ronald A. Coombes, President & CEO
The TSX Venture Exchange has not reviewed this news release and
does not accept responsibility for the adequacy or accuracy this
release.
Contacts: Columbia Yukon Explorations Inc. Mr. Clive Shallow
Investor Communications (604) 922-2030 Website:
www.columbiayukon.com
(TSXV:CYU)
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