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Columbia Yukon Explorations is a mineral exploration company. Its most advanced property is the Storie molybdenum deposit located near the historic mining camp of Cassiar, B.C. The Storie deposit has a February 2009 NI 43-101 compliant Indicated and Measured Resource of 139.82 M/tonnes grading 0.064% and 58.39 M/tonnes of Inferred Resource grading 0.059% Mo at a 0.030% cut off.
Columbia Yukon signs Traditional Knowledge Protocol with First Nations affected by Storie molybdenum project, BC
Columbia Yukon Explorations Inc (TSX: CYU) said it has entered into a Traditional Knowledge Protocol with representatives of the First Nations aboriginal peoples of Canada in connection with the continued exploration and development of the Storie molybdenum deposit located near Cassiar, British Columbia.
The agreement with the Dease River First Nation, Daylu Dena Council, Kwadacha First Nation and Kaska Dena Council (collectively the BC Kaska) will assist the parties in establishing the appropriate traditional knowledge practices and procedures for the collection, management, ownership and integration of Kaska traditional knowledge with regard to the exploration and development of the Storie Property.
Under the TK Protocol, the BC Kaska have authorized the Dena Kayeh Institute as their representative and agent to gather and document existing traditional knowledge that is specific to the Storie property project and to provide a “Traditional Knowledge Report and Recommendations” in connection with Columbia Yukon’s upcoming application for an environmental assessment certificate . A key purpose of the TK Protocol is to ensure that the report’s recommendations are accorded full, fair and equitable consideration to other baseline studies in decision-making processes related to the Storie molybdenum project.
Chief Cat Lee of the Dease River First Nation stated, “This Protocol acknowledges the importance of Kaska knowledge of our territory and will ensure that traditional knowledge is weighed equally with western science in the design, planning and potential mitigation measures with respect to this project.
In July 2009, Columbia Yukon announces two Resource Funding Agreements with representatives of the First Nations aboriginal peoples affected by the Storie project. The company pledged to provide resource funding to the BC Kaska to contribute to the cost of negotiating the above mentioned TK Protocol and a detailed Socio-Economic Participation Agreement.
The current NI 43-101 report estimates the total of both measured and indicated resource categories at 139.82 million tonnes grading 0.064 percent Mo at a cutoff of 0.030 percent and an inferred resource of 58.39 million tonnes grading 0.059 percent Mo at a cutoff of 0.030 percent. Further infill drilling is required in order to potentially reclassify the inferred resource into the measured or indicated category.
