Columbia Yukon Explorations Inc.

Columbia Yukon Explorations Inc.

June 16, 2008 10:03 ET

Columbia Yukon Explorations Inc.: Second of Four Drill Rigs Arrives on the Storie Moly Property Deposit

WEST VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 16, 2008) - Columbia Yukon Explorations Inc. (the "Company") (TSX VENTURE:CYU)(FRANKFURT:VOR) is pleased to report that a second drill rig has arrived at the "Storie" molybdenum property deposit located in northern British Columbia. D.J. DRILLING (2004) LTD. of Aldergrove, British Columbia has agreed to supply a total of four drill rigs to the Storie property for the Company's 2008 drilling program. The first drill rig has now completed a third core drill hole (ST08-99) and results and assays are pending. Approximately 100 core drill holes are planned for this year's drilling program as step out resource expansion holes.

Ron Coombes, President and CEO of Columbia Yukon, states that, "Columbia Yukon is very encouraged by the successful and rapid development of the Storie molybdenum project to date, as well as the Company's prospects to significantly expand the known NI 43-101 inferred resource of 101 million metric tonnes grading 0.067% Mo."

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, 5km south of the Hwy from the former Cassiar Mine townsite.

Columbia Yukon Explorations Inc.

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.

Contact Information

  • Columbia Yukon Explorations Inc.
    Mr. Clive Shallow
    Investor Communication
    (604) 922-2030
    (604) 922-2037 (FAX)