Columbia Yukon Acquires Additional Properties Near its "Storie" Molybdenum Deposit
13 7월 2010 - 12:30AM
Marketwired
Columbia Yukon Explorations Inc. (the "Company" or "Columbia
Yukon") (TSX VENTURE: CYU)(FRANKFURT: VOR) is pleased to announce
that further to the Company's news release of June 30, 2010, the
TSX Venture Exchange (the "Exchange") has accepted the Company's
filing in connection with its acquisition of certain additional
properties located in the vicinity of Columbia Yukon's "Storie"
property molybdenum deposit located near Cassiar, British Columbia.
The additional properties are being acquired from Velocity
Minerals Ltd. ("Velocity") and from S. Gerald Diakow ("Diakow").
Under the agreement with Velocity, the Company has agreed to pay
$25,000 and issue 200,000 shares and under the agreement with
Diakow, the Company has agreed to pay $5,000. 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, and as such, the properties are not being
acquired for resource exploration purposes. The property acquired
from Velocity is subject to a 15% NSR and the property acquired
from Diakow is subject to a 1% NSR.
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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