Storie Moly Deposit Drill Plot - May 2008
SUMMARY
 Storie Project One-pager - June 2009
Columbia Yukon Explorations Inc. (CYU) acquired the rights to explore the Storie Molybdenum Deposit from Eveready Resources Corporations, a private Calgary-based exploration company by agreement dated March 20, 2006. In October 2007, CYU announced it had accelerated the payments, expenditures and share issuances under this agreement and now owns a 100% interest in the property subject to a 2.5% net smelter return. CYU’s obligations under the five year agreement were completed in less than two years.
The Storie Deposit is located immediately south of the former Cassiar mining camp in northwestern British Columbia and access is provided by a five kilometre two-wheel drive dirt road. Cassiar is connected to the Provincial highway system by paved road. The Storie property is also in close proximity to telephone service and an airstrip. |
