Columbia Yukon Significantly Increases the Exploration Potential for its Storie Property Molybdenum Deposit
02 Décembre 2009 - 6:03PM
Marketwired
Columbia Yukon Explorations Inc. (TSX VENTURE: CYU)(FRANKFURT: VOR)
(the "Company" or "Columbia Yukon") is pleased to report on the
2009 exploration results for its "Storie" Property molybdenum
deposit located near Cassiar, British Columbia.
Columbia Yukon's 2009 exploration work program (as summarized in
the Company's news release of November 27, 2009) included detailed
geological mapping and prospecting of the southern portions of the
Storie molybdenum deposit within the existing pit boundary. This
area was previously classified as waste rock due to minimal
exploration data. The 2009 exploration program was successful in
delineating the north, east and west contacts of a distinctive
quartz feldspar porphyry geological unit (the "QFP Unit"). Within
the QFP Unit outcrop, coarsely disseminated and globular
molybdenite appears to be best developed along the geological
contacts. The QFP Unit, which was also intersected at depth in the
NI 43-101 reserve definition drilling of 2007 & 2008 is roughly
circular in plan view and may represent a cylindrical stock or pipe
which the Company believes to be the potential feeder into the
multi-stage layered Storie molybdenum deposit above. As well, one
traverse up the canyon near the eastern contact of the stock
resulted in a new significant discovery of coarsely disseminated
molybdenite within the QFP Unit at a point elevationally 150 metres
beneath all known mineralization on the Storie Property to
date.
"We are extremely pleased with the results from our 2009
exploration program and the Company believes that the new
discoveries could have a significant blue sky potential for the
project and could both increase the already large deposit size and
additionally lead to the discovery of a high grade feeder zone,"
said Ronald Coombes, CEO & President of Columbia Yukon.
A genetic model of the new potential discoveries can be viewed
at the Company's website at www.columbiayukon.com.
This news release has been reviewed and 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.
To receive Company news via email from CHF, please contact
alison@chfir.com and reference "Columbia Yukon News" on the subject
line.
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. Clive Shallow
Investor Communications (604) 922-2030 (604) 922-2037 (FAX)
clive@waterfrontgroup.com www.columbiayukon.com CHF Investor
Relations Alison Tullis Senior Account Manager (416) 868-1079 ext.
233 (416) 868-6198 (FAX) alison@chfir.com
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