West Vancouver, British Columbia – January 7, 2008 – Columbia Yukon Explorations Inc. (the “Company”) is pleased to report assay results from drill holes ST07-40 to ST07-45, the fourth group of reported core drill holes for a total of 25 drill holes reported to date. The Company’s “Storie” Molybdenum Property is located in northern British Columbia, south of the former Cassiar Mine townsite. The property is accessible by paved highway to Cassiar and then 5 kilometres of all weather gravel road.
In 2007, the Company completed 76 drill holes (23,000 metres of core drilling). The Company first reported assay results in its news release dated October 01, 2007 and will continue to report assay results as they are received. Drill hole ST07-41 had been reported in a previous news release dated November 16, 2007. The current results are summarized as follows:
|
HOLE Number |
FROM
(metres) |
TO
(metres) |
INTERVAL
(metres) |
INTERVAL
(feet)* |
Mo
(%) |
MoS2
(%)** |
|
ST07-40 |
42 |
191 |
149 |
488 |
0.051 |
0.085 |
|
including |
42 |
153 |
111 |
364 |
0.053 |
0.088 |
|
and |
165 |
191 |
26 |
85 |
0.060 |
0.100 |
|
and |
260 |
446 |
186 |
610 |
0.075 |
0.125 |
|
including |
260 |
362 |
102 |
334 |
0.090 |
0.150 |
|
and |
389 |
446 |
57 |
187 |
0.076 |
0.127 |
|
ST07-42 |
6 |
129 |
123 |
403 |
0.052 |
0.087 |
|
including |
51 |
129 |
78 |
256 |
0.062 |
0.103 |
|
ST07-43 |
73 |
147 |
74 |
243 |
0.060 |
0.100 |
|
ST07-44 |
78 |
174 |
96 |
315 |
0.053 |
0.088 |
|
including |
120 |
174 |
54 |
177 |
0.072 |
0.120 |
|
ST07-45 |
82 |
319 |
237 |
777 |
0.106 |
0.177 |
*conversion factor: 1 metre = 3.28 feet
** conversion factor 1% MoS2 = 0.5999 %Mo
The above holes are in-fill drill holes with the intent of upgrading the resource from inferred to indicated or measured. Drill hole ST07-45 is reflecting the higher grades lying in the hanging wall of the Crone Fault. Drill holes ST06-03, ST06-04 and ST06-08 also reflected these higher grades near the fault.
With the exception of one twinned hole, ST07-41, all of the holes were drilled using hydraulic drills producing NQ sized core. The core was sawn in half by a diamond bit rock saw and half of the core was retained and stored in the core box for permanent record or later reference. The other half of the core was bagged and sent to Acme Analytical Laboratories of Vancouver where it was crushed and pulverized. A one-gram sample was digested in aqua regia and the solution was analysed for 30 elements using an inductively coupled plasma emission spectrometer. Samples that ran greater than 350 ppm Mo were assayed using a larger sample size and greater dilution in order to be able to read the higher grade values.
The Company is presently planning an exploration drill program and expects to core drill a minimum of 40,000 metres at the Cassiar Camp 2008.
The 2007 program was designed to improve the confidence of the NI 43-101 inferred resource of 101.6 million tones grading 0.067% Mo. The 2008 program is being designed to significantly expand the size of this resource.
This news release has been reviewed and approved by John Kowalchuk, P. Geo., who is acting as Qualified Person for the Storie Property Project in accordance with regulations under NI 43-101.
For further information, contact Mr. Clive Shallow, investor communications at 604-922-2030 or visit the Company’s website at www.columbiayukon.com.
Columbia Yukon Explorations Inc.
“Ronald A. Coombes”
Ronald A. Coombes, President
The TSX Venture Exchange has not reviewed this news release and does not accept responsibility for the adequacy or accuracy of this release. |
