Columbia Yukon Explorations Inc.
TSX VENTURE : CYU

Columbia Yukon Explorations Inc.

January 30, 2008 10:47 ET

Columbia Yukon Continues to Intersect High Grade Moly Mineralization at Storie Property Including 722 Feet (220 Metres) Averaging 0.222% MoS2

WEST VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 30, 2008) - Columbia Yukon Explorations Inc. (the "Company" or "Columbia Yukon") (TSX VENTURE:CYU) is pleased to report assay results for five additional drill holes for the Company's "Storie" Molybdenum Property.

In 2007, Columbia Yukon completed 76 drill holes (23,000 metres 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 31 of the 76 drill holes. By this news release, the Company is reporting assay results for an additional five drill holes (ST07-52 to ST07-56), which results are summarized as follows:



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HOLE FROM TO INTERVAL INTERVAL Mo MoS2
Number (metres) (metres) (metres) (feet)(i) (%) (%)(ii)
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ST07-52 180 328 133 436 0.049 0.082
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including 234 328 94 308 0.057 0.095
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ST07-53 161 372 111 364 0.057 0.095
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including 278 372 94 308 0.070 0.117
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ST07-54 83 302 220 722 0.133 0.222
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ST07-55 167 284 117 384 0.066 0.110
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including 191 284 93 305 0.078 0.130
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ST07-56 34 331 297 974 0.073 0.122
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including 82 331 249 817 0.081 0.135
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including 151 331 150 492 0.097 0.162
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(i) conversion factor: 1 metre equals 3.28 feet
(ii) conversion factor 1% MoS2 equals 0.5999 %Mo


Of the five drill holes referred to above, ST07-54 and ST07-56 are located in the higher grade area which was referred to in the Company's news release dated January 17, 2008. These two drill holes, combined with previously released holes in this area, continue to outline an area significantly higher in grade than the average grade reported in the NI 43-101 inferred resource estimate for the Storie Property Molybdenum Deposit (as prepared by Watt, Griffis & McOuat and announced on July 5, 2007).

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 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.

Columbia Yukon Explorations Inc.

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.

Contact Information

  • Columbia Yukon Explorations Inc.
    Mr. Clive Shallow
    Investor Communications
    (604) 922-2030
    (604) 922-2037 (FAX)
    Website: www.columbiayukon.com.