Company
Intersects 482 Feet
Averaging 0.153 MoS2 At Storie Property
West Vancouver, British Columbia - November 16, 2007
- Columbia Yukon Explorations Inc. (the "Company") is pleased to announce that it has received additional assay results
for a further seven holes in its ongoing 2007 drill program on the Company's
"Storie" Molybdenum Property located in northern British Columbia. The
Storie Property lies 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.
As part of its 2007 drilling program, the Company has thus far
completed 76 drill holes (23,000 metres of core drilling). The Company
reported assay results for its first group of 16 drill holes in its news
release dated October 01, 2007 and will continue to report assay results as
they are received. At this time the Company is pleased to report assay
results for the third group of four drill holes as well as revised results on
ST07-41, which results are summarized as follows:
HOLE Number
|
FROM
(metres)
|
TO
(metres)
|
INTERVAL
(metres)
|
INTERVAL
(feet)*
|
Mo
(%)
|
MoS2
(%) **
|
ST07-36
|
168
|
318
|
150
|
482
|
0.094
|
0.153
|
ST07-37
|
5
|
35
|
30
|
98
|
0.089
|
0.149
|
and
|
47
|
77
|
30
|
98
|
0.030
|
0.050
|
and
|
128
|
152
|
24
|
79
|
0.030
|
0.054
|
ST07-38
|
87
|
195
|
108
|
354
|
0.094
|
0.157
|
including
|
87
|
126
|
39
|
128
|
0.102
|
0.170
|
including
|
150
|
195
|
45
|
137
|
0.120
|
0.200
|
ST07-39
|
26
|
74
|
49
|
161
|
0.180
|
0.300
|
ST07-41
|
23
|
101
|
78
|
256
|
0.084
|
0.140
|
and
|
218
|
226
|
8
|
26
|
0.090
|
0.150
|
and
|
241
|
266
|
25
|
54
|
0.060
|
0.100
|
*conversion factor: 1 metre = 3.28 feet
** conversion factor 1% MoS2 = 0.5999 %Mo
All of the holes are
fill in drill holes with the intent of upgrading the resource from inferred
to indicated or measured. The Company has only received results from
the first half of hole ST07- 39 and so the table only reflects the shallow
intersection. Follow up check assays of overlimit ICP analyses for
ST07-41 were received since the last release and have upgraded the results of
the hole from 0.125 % MoS2 to 0.140 % MoS2. The results for the two
holes are as follows:
HOLE Number
|
FROM
(metres)
|
TO
(metres)
|
INTERVAL
(metres)
|
INTERVAL
(feet)*
|
MO
(%)
|
MoS2
(%)
|
ST06- 41*
|
23
|
101
|
78
|
256
|
0.084
|
0.140
|
ST07-41
|
23
|
101
|
78
|
255.8
|
0.075
|
0.125
|
*Full analysis
The Company has
completed drilling on the Property and is presently demobilizing from the
Cassiar Camp. The Company currently has also completed 20 km of Induced
Polarization ("IP") Survey on the Property. The IP survey was
successful in locating the position of the mineralizing structures such as
the Crone Fault and the X-Fault.
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.
|