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Company
Intersects 777 feet averaging 0.177% Moly at Storie Property
West Vancouver , British Columbia - January 7,
2008 - Columbia Yukon Explorations Inc. (the "Company") is pleased
to report assay results from drill holes ST07-40 to ST07-45, the fourth group
of reported core drill holes for a total of 25 drill holes reported to date. The
Company's "Storie" Molybdenum Property is located in northern
British Columbia, 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.
In 2007, the Company completed 76 drill holes (23,000 metres of core
drilling). The Company first reported assay results in its news release dated
October 01, 2007 and will continue to report assay results as they are
received. Drill hole ST07-41 had been reported in a previous news release
dated November 16, 2007. The current results are summarized as follows:
|
HOLE Number
|
FROM (metres)
|
TO (metres)
|
INTERVAL (metres)
|
INTERVAL (feet)*
|
Mo (%)
|
MoS 2
(%) **
|
|
ST07-40
|
42
|
191
|
149
|
488
|
0.051
|
0.085
|
|
including
|
42
|
153
|
111
|
364
|
0.053
|
0.088
|
|
and
|
165
|
191
|
26
|
85
|
0.060
|
0.100
|
|
and
|
260
|
446
|
186
|
610
|
0.075
|
0.125
|
|
including
|
260
|
362
|
102
|
334
|
0.090
|
0.150
|
|
and
|
389
|
446
|
57
|
187
|
0.076
|
0.127
|
|
ST07-42
|
6
|
129
|
123
|
403
|
0.052
|
0.087
|
|
including
|
51
|
129
|
78
|
256
|
0.062
|
0.103
|
|
ST07-43
|
73
|
147
|
74
|
243
|
0.060
|
0.100
|
|
ST07-44
|
78
|
174
|
96
|
315
|
0.053
|
0.088
|
|
including
|
120
|
174
|
54
|
177
|
0.072
|
0.120
|
|
ST07-45
|
82
|
319
|
237
|
777
|
0.106
|
0.177
|
*conversion factor: 1 metre = 3.28 feet
** conversion factor 1% MoS2 = 0.5999 %Mo
The above holes are
in-fill drill holes with the intent of upgrading the resource from inferred
to indicated or measured. Drill hole ST07-45 is reflecting the higher
grades lying in the hanging wall of the Crone Fault. Drill holes
ST06-03, ST06-04 and ST06-08 also reflected these higher grades near the
fault.
With the exception of
one twinned hole, ST07-41, all of the 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 where it was crushed
and pulverized. A one-gram sample was digested 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 planning an exploration drill program and expects to core drill a
minimum of 40,000 metres at the Cassiar Camp 2008.
The 2007 program was
designed to improve the confidence of the NI 43-101 inferred resource of
101.6 million tones grading 0.067% Mo. The 2008 program is being designed to
significantly expand the size of this resource.
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.
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