West Vancouver, British Columbia - March 3, 2008 - Columbia Yukon Explorations Inc. (the
"Company" or "Columbia Yukon") is pleased to report assay
results for ten additional drill holes for the Company's "Storie"
Molybdenum Property.
In 2007, Columbia Yukon completed 76 drill holes (23,000 metres or 75,460
feet of core drilling) on the Storie Property. The Company is continuing to
report assay results as they are received. Prior to this news release,
Columbia Yukon has reported assay results from 48 of the 76 drill holes. By
this news release, the Company is reporting assay results for an additional
ten drill holes (ST07-69 to ST07-78), which results are summarized as
follows:
HOLE Number
|
FROM
(metres)
|
TO
(metres)
|
INTERVAL
(metres)
|
INTERVAL
(feet)*
|
Mo
(%)
|
MoS2
(%)**
|
ST07-69
|
12
|
270
|
258
|
846
|
0.083
|
0.138
|
including
|
12
|
228
|
216
|
708
|
0.091
|
0.152
|
and
|
12
|
201
|
189
|
620
|
0.098
|
0.163
|
ST07-70
|
7
|
91
|
84
|
276
|
0.062
|
0.103
|
including
|
7
|
64
|
57
|
187
|
0.073
|
0.122
|
ST07-71
|
5
|
181
|
176
|
577
|
0.102
|
0.170
|
ST07072
|
59
|
198
|
139
|
456
|
0.110
|
0.183
|
ST07-73
|
89
|
278
|
189
|
620
|
0.083
|
0.138
|
ST07-74
|
39
|
339
|
300
|
984
|
0.063
|
0.105
|
including
|
114
|
339
|
225
|
738
|
0.073
|
0.122
|
ST07-75
|
12
|
165
|
153
|
502
|
0.100
|
0.167
|
including
|
12
|
117
|
105
|
344
|
0.130
|
0.217
|
and
|
39
|
117
|
78
|
256
|
0.162
|
0.270
|
ST07-76
|
29
|
308
|
279
|
915
|
0.063
|
0.105
|
including
|
122
|
308
|
186
|
610
|
0.075
|
0.125
|
ST07-77
|
6.0
|
123
|
117
|
384
|
0.056
|
0.093
|
ST07-78
|
92
|
128
|
36
|
118
|
0.054
|
0.090
|
and
|
215
|
239
|
24
|
79
|
0.064
|
0.107
|
*conversion factor: 1 metre = 3.28 feet
** conversion factor 1% MoS2 = 0.5999 %Mo
Of the ten drill holes
referred to above, drill holes ST07-71,72, 73 and 74 are located within the
higher grade area which was referred to in the Company's recent news
releases. Drill holes ST07-69 and 76 lie just to the east of the zone.
These two holes extend the higher grade zone to the east.
The specific locations
of the drill holes reported in this and earlier news releases can be viewed
in the "Investors" - "Corporate Presentation" section of
the Company's website at www.columbiayukon.com.
All of the above 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, B.C. where it was crushed and pulverized. A one-gram sample
was dissolved 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
finalizing this year's exploration drill program for the Storie Property and
expects to core drill a minimum of 40,000 metres (131,233 feet) in 2008. The
Company's 2008 program is being designed in an effort to significantly expand
the currently known and sizeable resource. As well, the 2008 exploration
program will focus on further resource definition of the new high grade zone
discovery.
This news release has
been reviewed and approved by John Kowalchuk, P. Geo., who is acting as
Qualified Person for the Company's Storie Property Project in accordance with
regulations under NI 43-101.
About Columbia
Yukon Explorations Inc.:
Columbia Yukon is a
Canadian mineral exploration company focused on the development of its Storie
Molybdenum Property deposit located in northern British Columbia.
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
& CEO
The TSX Venture
Exchange has not reviewed this news release and does not accept
responsibility for the adequacy or accuracy of this release.