AMEC Starts Preliminary Economic Assessment of Columbia Yukon's Storie Property Molybdenum Deposit
19 7월 2011 - 11:06PM
Marketwired
Columbia Yukon Explorations Inc. (the "Company" or "Columbia
Yukon") (TSX VENTURE: CYU)(FRANKFURT: VOR) is pleased to report
that it has commissioned AMEC Americas Limited ("AMEC") of
Vancouver, B.C. to complete a NI 43-101 Preliminary Economic
Assessment ("PEA" or "Scoping Study") for its Storie Property
molybdenum deposit.
The AMEC team of highly skilled project management, engineering
and mining consultants have begun the PEA study with an estimated
completion timeframe of fourth quarter 2011. Once Columbia Yukon
has received the PEA study, the Company intends to move toward
establishing strategic partnerships and/or other funding
alternatives to enable a feasibility study to be completed during
2012.
By way of background, in late 2009 AMEC was commissioned to
complete a "Conceptual Review" of the Storie Property molybdenum
deposit. The Conceptual Review was designed with the purpose of
reviewing the project so that the Company could identify potential
project deficiencies prior to engaging in a Preliminary Economic
Assessment of the project. The Company has since addressed certain
identified potential deficiencies of the Conceptual Review and is
now positioned to move forward with the PEA.
The Storie Property molybdenum project is located near the
former town site of Cassiar, British Columbia. In June 2007, an NI
43-101 technical report was prepared by Watts, Griffis and McQuat
Limited ("WGM"), Consulting Geologists and Engineers, of Toronto.
In April 2009, WGM, in conjunction with Mintec, Inc of Tucson,
Arizona, prepared a further NI 43-101 technical report which
provided Columbia Yukon with an updated resource calculation for
its Storie Property molybdenum deposit. The April 2009 updated NI
43-101 compliant technical report (the "April 2009 WGM Report")
reported a Measured and Indicated Resource of 139.82 million tonnes
grading 0.064% Mo (at a cut-off of 0.030% Mo) and also reported an
Inferred Resource of 58.39 million tonnes grading 0.059% Mo (at a
cut-off of 0.030% Mo).
About AMEC
AMEC (LSE: AMEC) is a focused supplier of high-value
consultancy, engineering and project management services to the
world's oil and gas, minerals and metals, clean energy, water and
environmental sectors. With annual revenues of almost GBP 3
billion, AMEC designs, delivers and maintains strategic and complex
assets for its customers.
About Columbia Yukon Explorations Inc. - The Early Development
Stage
Leading up to the Preliminary Economic Assessment process,
Columbia Yukon has been focused on the steps necessary to move its
Storie Property molybdenum deposit to the development stage, which
also included the completion of a preliminary bulk sample
metallurgical analysis, as prepared by SGS Canada Ltd. ("SGS") of
Vancouver, British Columbia. The testing by SGS was performed on
four composites compiled from over 100 samples taken from all areas
of the Storie Property deposit. The results of the 10 KG flotation
tests on four variability composites achieved a concentrate grade
of 37% to 50% Mo and a recovery of 75% to 84% and the master
composite (composite B, which is a combination of all samples)
achieved a 50.15% Mo concentrate grade, while recovering 81.2% of
the contained molybdenum. The test program showed that a minimum of
a 14 minute retention time in rougher flotation at a grind of 80%
passing 112 microns would yield recoveries ranging from 89.9% to
96.4% (as referenced in the April 2009 WGM Report).
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
Shareholder Communications 604-922-2030 604-922-2037 (FAX) Columbia
Yukon Explorations Inc. Robert A. Young Investor Relations
604-682-5123 info@columbiayukon.com www.columbiayukon.com
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