Columbia Announces Fourth Drill for Storie Property
West Vancouver, British Columbia – August 22, 2007 – Columbia Yukon Explorations Inc. (the “Company”) is pleased to announce that FB Drilling of Cranbrook, B.C., has commenced drilling on the Company’s Storie Molybdenum Property located near the Town of Cassiar, B.C. As a result, there are now three drills operating on the Property. Additionally, a fourth drill, to be supplied by DJ Diamond Drilling of Surrey, B.C., is expected on the Property by August 25, 2007.
Mr. John Kowalchuk, P. Geo., reports that the Company’s 2007 drill program is on schedule to drill 30,000 to 40,000 metres this year. Mr. Kowalchuk notes that similar molybdenite mineralization to that intersected during the 2006 drilling program continues to be encountered. So far, the 2007 drilling program has extended the mineralized zone 125 metres to the east and the mineralized zone remains open to the east and west. One of the key objectives of the 2007 drilling program is to both upgrade the known NI 43-101 inferred resource of 101.6 million metric tonnes of 0.113 MoS2 to a NI 43-101 indicated resource and to expand the resource along the “Crone Fault”. The Company also intends to test other parallel zones within the immediate area. As well, the Company intends to drill several large diameter core holes to provide a bulk sample for metallurgical testing.
The Company has completed 30 drill holes on the Storie Property so far this year for a total of 8,400 metres. The Company expects to receive assay results for the first series of drill holes shortly and will report such results once received and reviewed.
John Kowalchuk, P. Geo., has reviewed this release and is acting as the Company’s Qualified Person for this project.
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.
|