AMEC Starts Preliminary Economic Assessment of Columbia Yukon’s Storie Property Molybdenum Deposit

Columbia Yukon Explorations Inc. (TSXV:CYU) reports AMEC Americas Limited of Vancouver, B.C.  has began to complete a NI 43-101 Preliminary Economic Assessment  for its Storie property molybdenum deposit.

The press release is quoted as saying:

The Storie Property molybdenum project is located near the former town site of Cassiar, British Columbia. In June 2007, an NI 43-101 technical report was prepared by Watts, Griffis and McQuat Limited (“WGM”), Consulting Geologists and Engineers, of Toronto. In April 2009, WGM, in conjunction with Mintec, Inc of Tucson, Arizona, prepared a further NI 43-101 technical report which provided Columbia Yukon with an updated resource calculation for its Storie Property molybdenum deposit. The April 2009 updated NI 43-101 compliant technical report (the “April 2009 WGM Report”) reported a Measured and Indicated Resource of 139.82 million tonnes grading 0.064% Mo (at a cut-off of 0.030% Mo) and also reported an Inferred Resource of 58.39 million tonnes grading 0.059% Mo (at a cut-off of 0.030% Mo).

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