Columbia Yukon Acquires Additional Properties Near Its "Storie" Molybdenum Deposit
01 7월 2010 - 4:28AM
Marketwired
Columbia Yukon Explorations Inc. (the "Company" or "Columbia
Yukon") (TSX VENTURE: CYU)(FRANKFURT: VOR) is pleased to announce
that it has, subject to regulatory approval, acquired certain
additional properties in the vicinity of the Company's Storie
property molybdenum deposit located near Cassiar, British Columbia.
The additional properties are being acquired by Columbia Yukon
as a potential alternate tailings site for the future development
of the Company's molybdenum project. The additional properties are
being acquired from Velocity Minerals Ltd. ("Velocity") and from S.
Gerald Diakow. Under the agreement with Velocity, the Company has
agreed to pay $25,000 and issue 200,000 shares and under the
agreement with S. Gerald Diakow, the Company has agreed to pay
$5,000.
About Columbia Yukon Explorations Inc.
Columbia Yukon is a Canadian mineral exploration company focused
on the development of its Storie Property molybdenum deposit
situated about 6 km southwest of Cassiar, British Columbia. The
Storie Property molybdenum deposit has an April 2009 updated NI
43-101 compliant Measured and Indicated Resource of 139.82 million
tonnes grading 0.064% Mo (at a cut-off of 0.030% Mo) and 58.39
million tonnes of Inferred Resource grading 0.059% Mo (at a cut-off
of 0.030% Mo). Cassiar, British Columbia is located 15 km by road
west of Highway 37 which connects to Watson Lake, Yukon, to the
north and Dease Lake and Stewart, British Columbia, to the
south.
Columbia Yukon Explorations Inc.
Ronald A. Coombes, President & CEO
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Columbia Yukon Explorations Inc. Mr. Clive Shallow
Investor Communications 604-922-2030 604-922-2037 (FAX)
info@columbiayukon.com www.columbiayukon.com
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