Moved iPhoto library from one external drive to another and now can't view photos
I store my iPhoto library on an external drive rather than on my MacBook Pro (running OS X 10.9.5). When I want to download photos from my phone (or simply view photos), I connect the drive to my laptop via a cable. When I last went to download photos from my phone to iPhoto (version 9.5.1) I got a message saying the external drive was full.
So I've purchased a new larger drive (a Samsung M3 1TB USB 3.0 slimline portable hard drive) and after reading advice online the first thing I did was reformat the drive to Mac OS Extended (Journaled). Again, having read instructions online, I then dragged the iPhoto library over from the old drive to the new drive.
What is happening now is that when I open iPhoto I'm first prompted to choose the library so I select it from the new drive. Once the software opens I then get a message "Updating thumbnails..." with a progress bar but however long I leave it running, the message doesn't go away and the progress bar doesn't reach completion. My only option is to click "Finish Later" and when I do this there are blank squares in place of each photo. If I double click on one I get a triangle with an explanation mark in it.
Can anyone help me figure out what I've done wrong?
Thank you.
MacBook Pro, OS X Mountain Lion (10.8.5)