Location:
Canada, British Columbia
Nearest Landmark:
CASSIAR
Distance from Landmark:
5 km
Direction from Landmark:
South
Latitude:
59 Degrees 14 Minutes (North)
Longitude:
129 Degrees 51 Minutes (West)
Columbia Yukon Explorations reported an increase in the resource estimate of both Measured and Indicated Resources for the Company’s Storie property located in British Columbia, Canada. The current Measured and Indicated resource is estimated at 139.82 million tonnes grading 0.064% molybdenum at a cutoff of 0.030% representing an increase of 42 million tonnes. In addition, the 2008 drilling program identified an Inferred Resource of 58.39 million tonnes grading 0.059% molybdenum. at a cutoff of 0.030% .
Released updated Resource Estimates with Measured and Indicated resources at 139.82 million tonnes grading 0.064% Mo at a cut-off of 0.030% Mo. Further infill drilling is required to reclassify the Inferred resources, the deposit remains open in three directions.
January 14, 2009
Announced additional assay results for 8 hole (ST08-130, 131, 132, 133, 134, 135, 136 and 137) were completed in 2008. The best intersection was found in drill hole ST08-130 intersected 423m at 0.057% Mo, including 144m at 0.095% Mo.
