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Market: TSX
Sector: General Mining
Epic: .CYU
News: Latest news
Web Site: Columbia Yukon Explorations
Other Articles: 30-11-200903-11-200912-08-2009

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Monday March 15, 11:21Diamondcorp: a big cash injection and a lot of work to do

70% of the new money was raised from current shareholders, reflecting a hefty amount of faith in the management to deliver.

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Monday March 15, 08:34Robust Resources shares spike on record 82.5M gold-silver zone

The outstanding result came from hole LWD 062 which intersected gold and silver mineralisation over a drilled width of 82.5 metres. It is the widest intersection encountered by Robust in sixteen months of drilling to date.

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Monday March 15, 09:01China's growth boosting commodity prices

The latest economic figures from China have put pressure on the dollar and boosted a number of high-yielding currencies, including the Australian dollar and the South African rand.

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Columbia Yukon Explorations

Columbia Yukon Explorations

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.

Tuesday, February 03, 2009

Columbia Yukon says has enough cash to trade for up to 18 months

Columbia Yukon Explorations Inc said it currently has CDN$4 million in cash and receivables which should allow it to trade for 12 to 18 months without having to raise additionial funding.

As part of its 2009 plan, the company will be completing a further updated NI 43-101 mineral resource estimate report for its Storie molybdenum project.

It also plans to continue with its environmental studies, and to commission a more advanced metallurgical study on Storie.

Columbia Yukon chairman Douglas Mason said: “During the past year, the company made tactical decisions to preserve working capital.  This ensured that we would be in a positive cash position to carry through with our strategic plans for 2009 and beyond.

“With a successful 2008 drill program and the updated 2009 NI 43-101 pending, along with considerable cash reserves, Columbia Yukon is preparing to move forward with a planned strategy for the Storie molybdenum deposit which will include positive steps towards the completion of necessary studies and advancing potential strategic partnerships for the development of the Storie property,” he added.

Columbia Yukon has also now completed the buyback of just over 2 million shares for cancellation.  
Insiders and close associates of Columbia Yukon have continued to acquire additional shares out of the market to significantly increase their combined ownership.

Currently, insiders of the company control approximately 5.5 million shares, or 14 percent of the issued capital, and close associates own 2.2 million shares, or 5.7 percent.

Columbia Yukon is a Canadian mineral exploration company focused on the development of its Storie property molybdenum deposit about 6 kilometres southwest of Cassiar, British Columbia.

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