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Market: TSX
Sector: General Mining
EPIC: CYU
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Columbia Yukon Explorations
www.columbiayukon.com

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.

Full Columbia Yukon Explorations profile here
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Columbia Yukon’s 2009 Exploration Work Makes Progress On Storie Molybdenum Project

30th Nov 2009, 1:13 pm
Columbia Yukon’s 2009 Exploration Work Makes Progress On Storie Molybdenum Project

Molybdenum focused Columbia Yukon Explorations Inc (TSX: CYU) (‘Columbia Yukon’) reported on the exploration work program completed on its Storie property in 2009. The Moly’ explorer believes the results from the completed program will greatly assist the selection of future drill targets.


The molybdenum exploration company has made a considerable effort to develop the Storie deposit over the past three years, which has resulted in the Storie molybdenum project becoming one of the largest primary molybdenum deposits in Canada.


The project has a NI 43-101 Measured and Indicated Resource for the Storie property of 139.82 million tonnes grading 0.064% Mo and 58.39 million tonnes of Inferred Resource grading 0.059% Mo. The Storie Property is approximately 6km South-West of Cassiar, British Columbia.


The field program’s objective was to better define the deposit’s geology and improve the geological modelling to interpret the source and location of the mineralization.  Field work has mainly consisted of surface traverses and field mapping of the various geological units, faults and dikes.


Surface samples were gathered and soil geochemistry was performed on 86 samples. The company also examined the differences between the stringer and disseminated types of molybdenum mineralization in previous core samples.


Additionally Columbia Yukon prepared and submitted 310 metres of core samples from six previous drill holes that were not previously assayed but were believed to contain mineralization. The subsequent results, which show a combined total of 108 metres above the 0.03% Molybdenum cut-off, will be updated into Columbia Yukon’s next resource calculation.


Non-field based work was also completed enabling the Company to plan for the placement of mine components including waste rock, a concentrator mill and other mine infrastructure. The information will also be used to advance the Company’s upcoming Environmental Assessment (‘EA’) submission. Columbia Yukon’s environmental consultants, Dillon Consulting, continued its baseline studies and also conducted a number of specialized tasks and tests for the EA submission

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