Columbia Yukon Conducts Further Exploration at the Storie Property Moly Deposit
21 9월 2010 - 11:24PM
Marketwired
Columbia Yukon Explorations Inc. (the "Company" or "Columbia
Yukon") (TSX VENTURE: CYU)(FRANKFURT: VOR) is pleased to report
that it has commenced a drilling program for its "Storie" Property
molybdenum deposit located near Cassiar, British Columbia.
A road rehabilitation, exploration and trenching program is now
underway on the south slope of the known deposit to determine
whether the recent discoveries of outcrops containing high grade
molybdenum (as referred to in the Company's news release dated
December 2, 2009) warrant further exploration. The second objective
of the current exploration program is to core drill to test the
northern boundaries of the known deposit to determine whether
molybdenum mineralization extends beyond that point.
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
This news release includes certain statements that may be deemed
"forward-looking statements" within the meaning of applicable
securities legislation. All statements, other than statements of
historical facts, that address such matters as future exploration,
drilling, exploration activities, potential mineralization and
resources and events or developments that the Company expects, are
forward looking statements and, as such, are subject to risks,
uncertainties and other factors of which are beyond the reasonable
control of the Company. Such statements are not guarantees of
future performance and actual results or developments may differ
materially from those expressed in, or implied by, this
forward-looking information. Factors that could cause actual
results to differ materially from those in forward-looking
statements include such matters as market prices, exploitation and
exploration results, continued availability of capital and
financing, and general economic, market or business conditions. Any
forward-looking statements are expressly qualified in their
entirety by this cautionary statement. The information contained
herein is stated as of the current date and subject to change after
that date and the Company does not undertake any obligation to
update publicly or to revise any of the forward-looking statements,
whether as a result of new information, future events or otherwise,
except as may be required by applicable securities laws.
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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