Columbia Yukon Reports on Exploration Work Completed on Its Storie Property in 2009
27 Novembre 2009 - 7:20PM
Marketwired
Columbia Yukon Explorations Inc. (the "Company" or "Columbia
Yukon") (TSX VENTURE: CYU)(FRANKFURT: VOR) is pleased to report on
the exploration work program completed by the Company in 2009 on
its "Storie" Property molybdenum deposit located near Cassiar,
British Columbia.
Direct field exploration work in 2009 was conducted by Stefan
Wozniak, Eng., the Company's exploration manager, and two senior
geologists, Arnold Pollmer, P.Geo. and Gord Gibson, Geo. The
objective of the field exploration program was to better define the
geology of the Storie molybdenum deposit and to improve the
geological modeling used to interpret the source and location of
the mineralization. The field work consisted of surface traverses
and field mapping of the various geological units (lithology) and
the faults and dikes (structures). Surface samples were taken and
soil geochemistry was performed on 86 samples. Previous core was
also re-examined to better define the geologic units and to explore
the differences between the two types of molybdenum mineralization
(ie. stringer and disseminated).
The field program also involved the additional prep and
submission of core samples that were not previously assayed but
were believed to contain mineralization based on the 2009 NI 43-101
resource model. As a result, 310 metres of previously drilled core
were prepped and assayed by Loring Laboratories. These assays were
from 6 separate drill holes (ST08-116, ST08-118, ST08-120,
ST08-121, ST08-123 and ST08-126). The 310 metres of core that were
assayed, were then sampled at 1 metre intervals and 108 of the 1
metre samples returned values above the 0.030% Mo cut-off grade.
These results were not included in the 2009 NI 43-101 resource
calculation, however, will be updated into Columbia Yukon's next
resource calculation.
Additionally, non-field exploration work was completed in 2009.
This enabled the Company to determine and plan for the placement of
various mine components such as waste rock, concentrator (mill),
tailings and other mine infrastructure. The resulting information
will also be used to advance the Company's upcoming Environmental
Assessment ("EA") submission. As well, additional in-house
non-field work consisted of historical research, regional geochem
and geological modeling.
Also during 2009, Dillon Consulting, the Company's environmental
consultant, continued with its 4th year of environmental baseline
studies in the area. As well, Dillon Consulting conducted a number
of more specialized tasks and tests that are needed for the
Company's EA submission (ie. consisting of wildlife studies, water
quality and flow measurements, TEM mapping (terrain and eco-system
mapping), snow surveys etc.).
Overall, the Company believes that its recently completed 2009
exploration work program will greatly assist Columbia Yukon in the
selection of future drill targets that could maximize the resource
size and economics.
This news release has been approved by Robert Middleton, P.Eng.,
who is acting as Qualified Person for the Company's Storie Property
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
situated about 6 km southwest of Cassiar, British Columbia. The
Storie Property molybdenum deposit has an April 2009 updated NI
43-101 compliant Measured and Indicated Resource of 139.82 million
tonnes grading 0.064% Mo (at a cut-off of 0.030% Mo) and 58.39
million tonnes of Inferred Resource grading 0.059% Mo (at a cut-off
of 0.030% Mo). Cassiar, British Columbia is located 15 km by road
west of Highway 37 which connects 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
This news release includes certain statements that may be deemed
"forward-looking statements". All statements, other than statements
of historical facts, that address such matters as future
exploration, drilling, exploration activities, potential
mineralization and resources and events or developments that the
Company expects, are forward looking statements and, as such, are
subject to risks, uncertainties and other factors of which are
beyond the reasonable control of the Company. Although the Company
believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are
not guarantees of future performance and actual results or
developments may differ materially from those in forward-looking
statements. Factors that could cause actual results to differ
materially from those in forward-looking statements include such
matters as market prices, exploitation and exploration results,
continued availability of capital and financing, and general
economic, market or business conditions. Any forward-looking
statements are expressly qualified in their entirety by this
cautionary statement. The information contained herein is stated as
of the current date and subject to change after that date.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Columbia Yukon Explorations Inc. Mr. Clive Shallow
Investor Communications 604-922-2030 www.columbiayukon.com
(TSXV:CYU)
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