Columbia Yukon Explorations, Inc.

Published : January 21st, 2009

Infill Drilling At Storie Deposit Intersects 210 Metres Grading 0.102% Moly!

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Columbia Yukon Explorations Inc.

Infill Drilling At Storie Deposit Intersects 210 Metres Grading 0.102% Moly!

West Vancouver, British Columbia � January 21, 2009 � Columbia Yukon Explorations Inc. (the �Company� or �Columbia Yukon�) is extremely pleased to announce additional assay results from the Company�s �Storie� property molybdenum deposit located near Cassiar in northern British Columbia.

Seven additional drill holes (ST08-138, 139, 140, 141, 142, 143 and 144) were completed during the Company�s 2008 drilling program and all seven intersected significant molybdenum mineralization (four of which holes are located outside of the known NI 43-101 Resource).

Drill hole ST08-138, a shallow dipping exploration hole (located 100 metres south of the known Indicated Resource), intersected 54 metres grading 0.094% Mo, including 15 metres grading 0.137% Mo;

Drill hole ST08-139, a shallow dipping exploration hole (located in the southeast corner of the known Indicated Resource), intersected 342 metres grading 0.050% Mo, including 33 metres grading 0.091% Mo and 15 metres grading 0.200% Mo;

Drill hole ST08-140 (located 50 metres north of the known Indicated Resource) intersected 72 metres grading 0.053% Mo;

Drill hole ST08-141, a shallow dipping exploration hole (located in the central east of the known Indicated Resource), intersected 384 metres grading 0.082% Mo, including 210 metres grading 0.102% Mo;

Drill hole ST08-142, a shallow dipping exploration hole (located in the southeast corner of the known Indicated Resource), intersected 195 metres grading 0.058% Mo, including 63 metres of 0.096% Mo and 21 metres of 0.097% Mo;

Drill hole ST08-143 (located 100 metres north of the known Indicated Resource) intersected 276 metres grading 0.065% Mo, including 36 metres grading 0.150% Mo;

Drill hole ST08-144 (located 25 metres north of the known Indicated Resource) intersected 282 metres grading 0.049% Mo, including 42 metres grading 0.084% Mo;

A total of 49 drill holes were completed by Columbia Yukon in its 2008 drilling program on the Storie property. To date, assay results have been received and reported for all 49 drill holes.

The assay results for the seven drill holes referred to above are as follows:

Hole Number

From
(metres)

To
(metres)

Interval
(metres)

Average Grade
(Mo%)

Average Grade
(MoS2%)*

ST08-138

8

62

54

0.094

0.157

Including

47

62

15

0.137

0.228

ST08-139

12

354

342

0.050

0.083

Including

45

78

33

0.091

0.152

Including

135

150

15

0.200

0.333

ST08-140

267

339

72

0.053

0.088

ST08-141

98

482

384

0.082

0.137

Including

113

323

210

0.102

0.170

ST08-142

15

210

195

0.058

0.097

Including

15

78

63

0.096

0.160

Including

189

210

21

0.097

0.162

ST08-143

168

444

276

0.065

0.108

Including

321

357

36

0.150

0.250

ST08-144

138

420

282

0.049

0.082

Including

255

297

42

0.084

0.140

  *conversion factor: 1% MoS2 = 0.5999% Mo

The current NI 43-101 Mineral Resource Estimate Report, as prepared by Watts, Griffis and McOuat Limited, Consulting Geologists and Engineers of Toronto, Ontario (�Watts Griffis�), and Mintec, Inc. of Tucson, Arizona (�Mintec�), has been prepared in compliance with NI 43-101 and presents a review of the geology and Mineral Resources of Columbia Yukon�s Storie property molybdenum deposit. The Company has filed the NI 43-101 Report on www.SEDAR.com  and on its website at www.columbiayukon.com. The assay results from the Company�s 2008 drilling program are being reviewed and analyzed by Watts Griffis and Mintec in connection with the preparation of a further updated NI 43-101 Report, the results of which will be announced by the Company when completed.

All of the above holes were drilled using hydraulic drills producing NQ size core.  Most of 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 was bagged and sent to Loring Labs of Calgary, Alberta, where it was crushed and pulverized.  A one gram sample was then split out and dissolved in a four acid complete dissolution and analyzed for molybdenum using an �AA� (atomic absorption) finish.  In addition to both Loring Labs� and Columbia Yukon's internal QA/QC, every 20th sample reject pulp is being sent to Acme Analytical Laboratories of Vancouver, B.C. for inter-laboratory analysis. With the core that was not split, such core was from certain infill drill holes that were surrounded by split core holes. This measure was taken to confirm the Company�s core handling procedure and to determine whether a variance exists between the assay results from such core samples.

This news release has been reviewed and approved by Mr. Arnold Pollmer, P.Geo., who is acting as the Qualified Person for the Company�s Storie molybdenum 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 property molybdenum deposit. The Storie property is situated about 6 km southwest of Cassiar, British Columbia. Cassiar is located 15 km (by road) west of Highway 37, which provides access to Watson Lake, Yukon, to the north and Dease Lake and Stewart, British Columbia, to the south.

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

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Columbia Yukon Explorations, Inc.

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CODE : CYU.V
ISIN : CA1986583047
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Columbia Yukon is a gold and cobalt development stage company based in Canada.

Columbia Yukon develops gold, cobalt and molybdenum in Canada, and holds various exploration projects in Canada.

Its main asset in development is STORIE in Canada and its main exploration properties are BARR / 1506 CLAIMS, VBE 2 CLAIMS, VBE 1 CLAIMS and BARNES CREEK in Canada.

Columbia Yukon is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 8.0 millions as of today (US$ 7.2 millions, € 5.6 millions).

Its stock quote reached its highest recent level on January 15, 2010 at CA$ 3.20, and its lowest recent point on December 20, 2013 at CA$ 0.01.

Columbia Yukon has 72 800 000 shares outstanding.

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Annual reports of Columbia Yukon Explorations, Inc.
2008 Annual report
2007 Annual report
2006 Annual report
Option Grants of Columbia Yukon Explorations, Inc.
9/24/2007Announces Annual General Meeting Results and the Granting of...
Nominations of Columbia Yukon Explorations, Inc.
5/6/2011Announces Advisory Board Appointment
7/17/2007Company Appoints Senior Advisors
Project news of Columbia Yukon Explorations, Inc.
3/10/2011(Storie)Acquires Additional Properties Near Its "Storie" Property Mo...
1/21/2009(Storie)Infill Drilling At Storie Deposit Intersects 210 Metres Grad...
4/16/2008(Storie) Reports Verification of High Grade Moly Assays for Storie P...
4/8/2008(Storie)Documents Significantly Elevated Moly Grades Within 30 Previ...
3/17/2008(Storie)Releases Results from 6 Drill Holes from the 2007 Drill Prog...
3/10/2008(Storie)Higher Grade Moly Mineralized Zone is Expanding at Storie Pr...
3/3/2008(Storie)Continues to Intersect Higher Grade Moly Mineralization at S...
2/20/2008(Storie) Contracts for Four Drill Rigs for its Storie Property
2/13/2008(Storie)Corrects Previous News Release
2/12/2008(Storie)Continues to Intersect Higher Moly Mineralization at Storie ...
1/30/2008(Storie)Continues to Intersect High Grade Moly Mineralization at Sto...
1/23/2008(Storie)Leases Entire Camp Facility in Cassiar for its Storie Proper...
1/17/2008Discovers New High Grade Moly Zone in Multiple Drill Holes I...
1/7/2008(Storie)Intersects 777 feet averaging 0.177% Moly at Storie Property
11/17/2007(Storie)Company Intersects 482 Feet Averaging 0.153 MoS2 At Storie P...
10/1/2007(Storie)Additional Storie Property Moly Assays Received
9/7/2007(Storie)Additional Significant Moly Assays Received
8/22/2007(Storie)Announces Fourth Drill for Storie Property
7/31/2007(Storie) Announces Drill Program Update for Storie Property
7/5/2007(Storie)NI 43-101 Report Validates Historical Resource
6/11/2007(Storie)Commences Core Drilling Program and Increases 2007 Drill Pro...
Corporate news of Columbia Yukon Explorations, Inc.
7/19/2011(Storie)AMEC Starts Preliminary Economic Assessment of Columbia Yuko...
3/1/2011Provides Update On Northwest Transmission Line Project
11/2/2009Signs Traditional Knowledge Protocol with First Nations
2/3/2009Provides Company Update
1/14/2009150 Metre Step Out At Storie Deposit Hits 144 metres Grading...
4/23/2008 Retains Com-Advice AG to Provide Investor Relations Service...
4/18/2008 Provides Share Purchase Warrant Update
3/14/2008Columbia Yukon Grants Option to BHR Buffalo Head Resources o...
2/21/2008BTV-Business Television
2/7/2008Explorations' Perspectives
1/28/2008Perspectives
1/22/2008 Initiates Factual Stock Report Coverage on Columbia Yukon
11/23/2007 Perspectives
11/14/2007Signs Memorandum of Understanding with the Dease River India...
11/7/2007 Retains Kaplan Associates to Provide Investor Relations Ser...
9/12/2007 Corrects Previous News Release
9/4/2007’s Investments are Not Exposed to Subprime Market Risk
6/29/2007Closes Additional $3.0 Million Financing
6/19/2007Closes $3.0 Million Financing
6/15/2007Announces Additional $3 Million Financing
5/15/2007Closes Additional $2.75 Million Financing
4/13/2007Commences Drilling on Holmes Lake Target
3/13/2007Storie Molybdenum Deposit
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