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Gold/Mining/Energy : Columbia Yukon Resources (A.CYR) -- Ignore unavailable to you. Want to Upgrade?

To: dvid who wrote (657)	5/26/1998 10:25:00 PM
From: Flea	Respond to of 686

Hi dvid...how about that glowing recommendation (or attempt at one) put out by Yorkton today...after they loaded up in the 0.20s... Columbia Yukon Resources Ltd - Yorkton says buy Columbia Yukon Resources Ltd CYR Shares issued 20286888 1998-05-25 close $0.115 Tuesday May 26 1998 See International Butec Industries Corp (IB) Research Art Ettlinger says why International Butec Ltd. (IB VSE) and its joint venture partner (and operator) Columbia Yukon Mines (CYR ASE) began an abbreviated drill program on their Mustang project, approximately 60 kilometres north of Monopros' Mountain Lake property. The first target drilled encountered marine sedimentary rocks at a 67.1 metre depth. Magnetite-rich sediments within the till are interpreted to be responsible for the magnetic anomalies targeted for drilling. Columbia Yukon intends to resume drilling two other clusters of magnetic anomalies after spring break-up.

To: dvid who wrote (657)	6/9/1998 11:01:00 PM
From: dvid	Read Replies (1) \| Respond to of 686

And more news from today : ASE SYMBOL: CYR JUNE 9, 1998 Columbia Yukon Resources Ltd. Liberty Bell Gold Update VANCOUVER, BRITISH COLUMBIA--Following the announcement confirming the completion of the merger with Liberty Bell Mining Company, the management of Columbia Yukon Resources Ltd. (the "Company") is pleased to present an update on the project status. This gold project, guided by the well qualified technical team from Liberty Bell who have been responsible for developing the tonnages to date, has strategically placed the Company with a large gold resource in Alaska, a political environment that is about as good as it gets for a mining company today. The project is located in the Bonnifield Mining District 100 kms (60 miles) southwest of Fairbanks. The property is close to power, rail and paved highway and the coal mining centre of Healey; having this extensive infrastructure in place has a very favourable economic impact on the project - it allows cost effective exploration and minimum additional site costs for the construction required to start production. Diamond drilling in 1996 indicated that earlier reverse circulation ("RC") drilling had substantially under valued the project, probably due to a loss of gold in the sampling of wet drill cuttings. One core drill hole returned more than 4 times the contained gold over a shorter interval than the original RC. The actual grade in the hole was 39.98 g/t (1.155 oz/s.ton) gold over 8 meters (26.5 feet), including 1.52 meters with a grade of 93.1 g/t gold (5 feet with a grade of 2.7 oz/s.ton). This, coupled with the potential for similar mineralization in 7 other targets as supported by gold in the overlying soils, drill hole and/or trench assays, was the basis for encouraging the Company to take its position. The indication that the contained gold in the deposit may be substantially greater than suggested by earlier data was supported by work carried out in 1997. 4 out of the 6 drill holes twinned with the older RC holes in that program returned higher grades. The Mine Zone Reserve (1989) stood at 180,000 ounces of gold based on block model estimates made by a major mining company using a grade of 0.08 opt gold at a 0.015 opt cut-off. Re-calculation of the resource in the copper area by the operator incorporating the 1997 drill results has advanced the drill indicated resource potential to 250,000 ounces of gold identified in two defined areas. A re-calculation of the ore resource in the mine area is planned after additional untested areas are drilled and results to date suggest that a significant increase in contained ounces of gold will occur. This work is part of the ongoing systematic development of the property. The follow-up of geological, geophysical and geochemical data by drill programs has consistently resulted in increasing the Liberty Bell gold resources. Earlier drilling on the Northwest Copper Zone, approximately 600 meters (2,000 feet) from the Mine Zone, has indicated an all classes resource in the order of 1,670,000 tonnes (2,000,000 s.tons) with a grade of 1.17 g/t (0.05 opt) gold. Core drilling in 1997 confirmed mineralization in brecciated rocks of the Lower Tuff sequence, but with recoveries of 50 percent, this work indicated that RC drilling would be the better sampling tool. A Phase II programme, starting with 2,000 feet of core drilling of a permitted 5,000 foot program has been recommended for the testing of two stockwork zones outside the area of known resources. Either of these zones is large enough to have the potential for doubling the known gold resource on the Liberty Bell property. Further, surface work is planned for 5 other targets on the 10,500 acre claim block. The Company has acquired a property with a strong base as a gold asset, substantial potential for expanding the asset, and a technical team capable of developing the property through to production. ON BEHALF OF THE BOARD OF DIRECTORS BENJAMIN AINSWORTH, DIRECTOR -30- FOR FURTHER INFORMATION PLEASE CONTACT: Columbia Yukon Resources Ltd. Benjamin Ainsworth Director (604) 683-3070, 1-888-888-9122 CDN, 1-888-888-9123 USA (604) 683-2308 (FAX) Website: columbiayukon.com