West
Vancouver, British Columbia - March 10, 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, located 5km south of Cassiar in
Northern British Columbia.
"We are extremely
pleased with the ongoing assay results that we have been receiving from our
2007 drill program on the Storie Property, and in particular, the higher
molybdenum grade assays results that we believe will enable us to establish a
significant higher grade zone within the initial NI 43-101 resource
area," said Ronald Coombes, President and CEO of Columbia Yukon.
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 58 of the 76 drill holes. By this news release, the
Company is reporting assay results for an additional ten drill holes (ST07-79
to ST07-88), which results are summarized as follows:
HOLE
Number
|
FROM
(metres)
|
TO
(metres)
|
INTERVAL
(metres)
|
INTERVAL
(feet)*
|
Mo
(%)
|
MoS2
(%)**
|
ST07-79
|
180
|
342
|
162
|
531
|
0.085
|
0.142
|
including
|
222
|
342
|
120
|
394
|
0.093
|
0.156
|
ST07-80
|
59
|
326
|
267
|
876
|
0.070
|
0.117
|
including
|
131
|
326
|
195
|
640
|
0.081
|
0.135
|
and
|
185
|
326
|
141
|
462
|
0.090
|
0.150
|
ST07-81
|
93
|
141
|
48
|
157
|
0.051
|
0.085
|
and
|
203
|
329
|
126
|
420
|
0.062
|
0.103
|
ST07-82
|
202
|
331
|
129
|
423
|
0.077
|
0.128
|
including
|
238
|
331
|
93
|
305
|
0.089
|
0.148
|
ST07-83
|
249
|
381
|
132
|
433
|
0.057
|
0.095
|
ST07-84
|
132
|
262
|
130
|
426
|
0.066
|
0.110
|
ST07-85
|
112
|
220
|
108
|
354
|
0.076
|
0.127
|
ST07-86
|
68
|
263
|
195
|
640
|
0.065
|
0.108
|
including
|
68
|
182
|
114
|
374
|
0.081
|
0.135
|
ST07-87
|
31
|
327
|
296
|
969
|
0.071
|
0.118
|
including
|
139
|
326
|
187
|
615
|
0.089
|
0.148
|
ST07-88
|
22
|
163
|
141
|
462
|
0.072
|
0.120
|
*conversion factor: 1 metre = 3.28 feet
** conversion factor 1% MoS2 = 0.5999 %Mo
Except for drill hole
ST07-87 (which twinned drill hole ST06-05), all of the above holes were
drilled to the east of the higher grade area which was referred to in the
Company's recent news releases. Six of the above drill holes continue to
outline and expand a significant area with considerably higher molybdenum
grades than the average grade reported in the NI 43-101 inferred resource
estimate for the Storie Property Molybdenum Deposit (as prepared by Watts,
Griffis and McOuat, Consulting Geologists and Engineers of Toronto, Ontario,
and announced by Columbia Yukon on July 5, 2007). The three remaining drill
holes (ST07-79, ST07-82 and ST07-83) are along the northern edge of the
initial resource area.
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.