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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.

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Columbia Yukon expects resource increases and new discoveries at Storie molybdenum project

3rd Dec 2009, 11:12 am
Columbia Yukon expects resource increases and new discoveries at Storie molybdenum project

Columbia Yukon (TSX-V: CYU) commented on the results of its exploration programme on the Storie molybdenum project, which is 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.

“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 chief executive and president, Ronald Coombes.

This year’s exploration programme delineated the north, east and west contacts of a distinctive quartz feldspar porphyry geological unit. The unit is roughly circular in plan view and may represent a cylindrical stock or pipe which Columbia Yukon said could be the potential feeder into the multi-stage layered Storie molybdenum deposit above.

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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