Proactive investorsLogo Proactive Investors UK Website

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

RSS - Subscribe to the News Today on Proactive UK ▼

Thursday September 02, 11:00Baobab Resources identifies distinct ore domain at Tete’s South Zone

Baobab MD Ben James said the latest drilling results from the Tete project's South Zone characterise a distinct, higher mass recovery, ore domain.

FULL ARTICLE ►

RSS - Subscribe to the News Today on Proactive AU ▼

Thursday September 02, 08:15Indonesia edges closer toward uranium mining and nuclear power

After nearly five decades of national debate on the issue, Indonesia's central government may finally be ready to develop a national nuclear policy, which may lead to domestic uranium mining.

FULL ARTICLE ►

RSS - Subscribe to the News Today on Proactive CN ▼

Wednesday September 01, 01:25Green Dragon Gas reports significant growth as China’s thirst for energy continues

China's thirst for energy resources has continued with an increased focus on domestic supplies of gas, Green Dragon Gas chairman Randeep Grewal said today. In the company's interim results, [...]

FULL ARTICLE ►
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.

AddThis Feed Button
Register here to be notified of future Columbia Yukon Explorations articles.

Other Columbia Yukon Explorations articles


Other Columbia Yukon Explorations news

More news ►

Investors interested in Columbia Yukon Explorations recently viewed


No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.