Yukon-Nevada Gold Corp. Announces 22.87 m grading 8.37 g/t Au from West Mahala, Jerritt Canyon, Nevada
VANCOUVER, Jan. 11, 2012 /PRNewswire/ – Yukon-Nevada Gold Corp. (TSX: YNG) (Frankfurt Xetra Exchange: NG6) is pleased to announce results from its 2011 Surface drilling program
at the Mahala Project which is located in its wholly-owned Jerritt
Canyon gold operation in Nevada, USA. Jerritt Canyon is operated by
Queenstake Resources USA Ltd., (“Queenstake”) a wholly owned subsidiary
of Yukon-Nevada Gold Corp. (“YNG” or the “Company”).
-- MAH-457 intersected, in the West Mahala Zone, 64.05 meters at 6.38 g/t gold,including 24.4 meters at 3.43 g/t gold, and22.87 meters at 8.37 g/t gold, and 13.42 meters at 12.28 g/t gold; -- EM-121 intersected, in the East Mahala Zone, 15.25 meters at 4.77 g/t gold, including 3.05m at 8.88 g/t gold, and 4.88 meters 8.64 g/t gold;and -- MAH-454 intersected, in the Mahala Zone, 32.02 meters at 4.63 g/t gold,including 15.24 meters at 6.24 g/t gold, and 3.05 meters at 8.37 g/t gold.
The company initiated a 130,000 foot surface drilling program at Jerritt
Canyon on July 17, 2011 that tests multiple projects throughout the
Company’s 119 square mile land position. The program was designed to
either explore for and/or to convert resources to reserves that are
amenable to either open pit or underground mining methods.
This press release updates the 2011 surface drill hole results in the
Mahala Project that targeted converting and expanding resources
proximal to the current underground operations at the Smith and
SSX-Steer underground mines in the following three areas:
-- East Mahala (Smith Mine: Zones 1, 3, and 4: including Zone 9 which is East Dash); -- Mahala (Smith Mine: Zone 8); and -- West Mahala (located east of the SSX-Steer Mine).
The entire Mahala drilling program includes 71,211 ft. (21,711m) of
drilling in 54 drill holes as shown in Table 1. All fifty-four of
these drill holes were conducted using reverse circulation (RC) with 16
of them finished, or planned to be finished, with diamond drilling.
The total RC footage is 61,760 ft. (18,829m) whereas the total diamond
drilling footage (completed and not completed) is 9,451 ft. (2,882m).
Eighteen of these drill holes were targeted for exploration in the East
Mahala and Mahala areas whereas the other 36 drill holes were for
Table 1. 2011 Surface Drilling Summary for East Mahala, Mahala, and
West Mahala projects.
____________________________________________________________________ |Area | Total | Total RC | Total | Total |Total Amount| | | Number | Drilling |Number of | Diamond |of Drilling | | |of RCDrill | (feet) | Diamond |Drilling | (feet) | | | Holes | (m) |Core Tails| (feet) | (m) | | |(Drill Hole| | | (m) | | | | Type) | | | | | |___________|___________|__________|__________|_________|____________| | | 18 | | |3,163 ft.| 22,733 ft. | |East Mahala| (14 Expl |19,570 ft.| 6(1) | (1) | 6,931 m | | | and 4 | 5,966 m | | 964 m | | | | Res Conv) | | | | | |___________|___________|__________|__________|_________|____________| | |16 (4 Expl |18,175 ft.| |2,175 ft.| 20,350 ft. | |Mahala | and | 5,541m | 4 | 663 m | 6,204m | | | 12 Rex | | | | | | | Conv) | | | | | |___________|___________|__________|__________|_________|____________| |West |20 (all Res|24,015 ft.| 6 |4,113 ft.| 28,128 ft. | |Mahala | Conv) | 7,322 m | | 1,254 m | 8,576 m | |___________|___________|__________|__________|_________|____________| |Total | 54 |61,760 ft.| 16 |9,451 ft.| 71,211 ft. | | | | 18,829 m | | 2,882 m | 21,711 m | |___________|___________|__________|__________|_________|____________|
(1) Four core tails from East Mahala yet to be drilled or are currently in progress and are included in this diamond drilling total (2,295 feet in the 4 core tails); (2) Drill Hole Types are either Res Conv = resource conversion; or Expl. = Exploration
The results of the drill program received as of December 31, 2011 are
discussed below by area and shown in Tables 1 to 3. Surface plan maps
illustrating drill hole locations and an assay summary table that
identifies the RC precollars can be found on the Company website here: http://www.yukon-nevadagold.com/i/pdf/MahalaSurfaceDrillingMaps_2011.pdf and here: http://www.yukon-nevadagold.com/i/pdf/MahalaSurfaceDrillAssayResults_2011.pdf
Todd Johnson, Vice President of Exploration for Yukon-Nevada Gold Corp.
states, “The initial assay results from the 2011 Mahala surface
drilling program have come in according to our expectations based on a
lot of hard work and good planning and the entire Jerritt Geology group
deserves credit for a job well done. The additional mineralization
encountered in the recent drilling at Mahala and West Mahala is
exciting to see.”
Drilling at East Mahala consists of 18 drill holes totaling 22,733 ft.
(6,931 m): 14 for exploration and 4 for resource conversion. Six of
these drill holes include 800-foot deep precollars. Assay results have
been received for 10 drill holes to date with significant assay results
listed in Table 2. As of year-end 2011 core tails have been completed
on two of the precollars with total core drill footage totaling 868 ft.
(264m). Four core tails remain to be completed with drill footage
totaling 2,295 ft. (700m); these drill holes are scheduled to be
drilled by the end of January 2012. All drilling in this area is
within 1,000 ft. (305m) of the existing Smith Mine underground
Table 2. Significant 2011 Drill Hole Assay Results from East Mahala.
_________________________________________________________ | Hole ID | From | To | Length | | |(Mining Zone)|Feet (ft) |Feet (ft) |Feet (ft) |Gold Grade| | |Meters (m)|Meters (m)|Meters (m)| | |_____________|__________|__________|__________|__________| | SH-1206 | 890.0 ft | 930.0 ft | 40.0 ft |0.103 opt | | (Zone 9) | 271.45 m | 283.65 m | 12.00 m | 3.53 g/t | |_____________|__________|__________|__________|__________| | SH-1206 | 990.0 ft |1035.0 ft | 45.0 ft |0.133 opt | | (Zone 9) | 301.95 m | 315.67 m | 13.72 m | 4.56 g/t | |_____________|__________|__________|__________|__________| | EM-121 | 955.0 ft |1005.0 ft | 50.0 ft |0.139 opt | | (Zone 3) | 291.27 m | 306.52 m | 15.25 m | 4.77 g/t | |_____________|__________|__________|__________|__________| | includes | 955.0 ft | 965.0 ft | 10.0 ft |0.259 opt | | | 291.27 m | 294.32 m | 3.05 m | 8.88 g/t | |_____________|__________|__________|__________|__________| | includes | 990.0 ft |1000.0 ft | 16.0 ft |0.252 opt | | | 301.95 m | 305.00 m | 4.88 m | 8.64 g/t | |_____________|__________|__________|__________|__________| | EM-126 | 875.0 | 885.0 | 10.0 | 0.160 | | (Zone 4) | 266.87 | 269.92 | 3.05 | 5.49 | |_____________|__________|__________|__________|__________| | EM-126 | 1000.0 | 1010.0 | 10.0 | 0.102 | | (Zone 4) | 305.00 | 308.05 | 3.05 | 3.50 | |_____________|__________|__________|__________|__________|
(1) Gold grade reported in Troy ounces per ton (opt) and grams per tonne (g/t) (2) No Significant Assays: SH-1203, SH-1207, SH-1208, SH-1211, EM-123, EM-124; and EM-130; (3) Assays Pending: SH-1204, SH-1205, SH-1209, EM-122, EM-125; EM-127, EM-128, and EM-129
Zone 1 drilling consists of 2 exploration drill holes (EM-129 & EM-130)
that were targeted along the southeasterly extension of the zone.
Assay results have been received for drill hole EM-130 and are pending
for EM-129. Mineralization in Zone 1 is interpreted to be associated
with a sympathetic structure parallel to and north of the
northwesterly-trending Coulee Dike structural mineralized zone which is
host to significant past production (Zone 2) from the Smith Mine.
Drill hole EM-130 reported no significant mineralization.
Zone 3 drilling consists of 4 drill holes: SH-1211 and EM-123 are
exploration holes whereas EM-121 and EM-122 are resource conversion
holes. Assays have been received for 3 of the drill holes.
Significant assays from this zone include drill hole EM-121 which
contains 50.0 ft. (15.25m) grading 0.139 opt (4.77 g/t) from 955-1005
ft. (291.27-306.52m). Drill holes EM-123 and SH-1211 reported no
significant mineralization. Mineralization in this zone is interpreted
to be a sympathetic structure parallel to and north of the Mahala Dike
structural zone. This northwesterly-trending structural zone (Mahala
Dike) is host to significant past production (Zone 4) from the Smith
Mine. The resource conversion drill holes were designed to in-fill
potential economic mineralization that was intersected in 2010
underground drill holes SMI-LX-750 through SMI-LX-752 previously
reported upon in Company news releases dated September 7, 2010 and
January 24, 2011.
Zone 4 drilling consists of 5 exploration drill holes (EM-124 thru
EM-128) along the southeasterly extension of the Mahala Dike structural
zone. Assays have been received for 2 drill holes: EM-124 and
EM-126. Significant assays from drill hole EM-126 include 10 feet
(3.05m) averaging 0.160 opt Au from 875.0 to 885.0 feet (266.87 to
269.92m), and 10.0 feet averaging 0.102 opt Au from 1000.0 to 1010.0
feet (305.0 to 308.05m). Drill hole EM-124 reported no significant
Zone 9 (East Dash) drilling consists of 7 drill holes (SH-1203 thru
SH-1209). Two drill holes (SH-1205 & SH-1206) are resource conversion
holes in-filling historic drill data. The remaining 5 exploration
drill holes attempt to expand upon the known mineralization. Assays
have been received for 4 of the drill holes and are pending for holes
SH-1204, SH-1205, and SH-1209. Significant assays have been returned
for drill hole SH-1206 that contains two intercepts: 40.0 ft. (12.0m)
grading 0.103 opt (3.53 g/t) from 890-930 ft. (271.45-283.65m); and
another intercept containing 45.0 ft. (13.72m) grading 0.133 opt (4.56
g/t) from 990.0-1035.0 ft. (301.95-315.67m). Drill holes SH-1203,
SH-1207, and SH-1208 reported no significant mineralization.
Drilling at Zone 8 (Mahala) consisted of 16 drill holes totaling 20,350
ft. (6,204m): 4 for exploration and 12 for resource conversion. Four
of these drill holes include RC precollars. Assay results have been
received for 13 drill holes to date with significant assay results
listed in Table 3. As of year-end 2011, all of the core tails have
been drilled with drill footage totaling 2,175 feet (663m). Seven of
the drill holes targeted mineralization associated with a northwesterly
extension of the Coulee Dike structural zone. Nine drill holes
targeted mineralization associated with an interpreted structure
sympathetic to, and parallel with, the Coulee structural zone. These
two structures have a spatial separation of approximately 150 ft.
(46m). For each structure the drilling in-fills on historic data for
an approximate distance of 600 ft. (183m) northwest of the existing
Zone 8 mineable reserves. These reserves are currently undergoing
access development by mining contractor Small Mine Development.
Table 3. Significant 2011 Drill Hole Assay Results from Mahala.
__________________________________________________________ | Hole ID | From | To | Length | | |(Mining Zone) |Feet (ft) |Feet (ft) |Feet (ft) |Gold Grade| | |Meters (m)|Meters (m)|Meters (m)| | |______________|__________|__________|__________|__________| |MAH-443 |1175.0 ft |1205.0 ft | 30.0 ft |0.179 opt | |(Zone 8 Smith)| 358.37 m | 367.52 m | 9.15 m | 6.14 g/t | |______________|__________|__________|__________|__________| |MAH-444 | 700.0 ft | 710.0 ft | 10.0 ft |0.124 opt | |(Zone 8 Smith)| 213.50 m | 216.55 m | 3.05 m | 4.25 g/t | |______________|__________|__________|__________|__________| |MAH-446 | 720.0 ft | 745.0 ft | 25.0 ft |0.116 opt | |(Zone 8 Smith)| 219.60 m | 227.22 m | 7.62 m | 3.98 g/t | |______________|__________|__________|__________|__________| |MAH-448 | 745.0 ft | 775.0 ft | 30.0 ft |0.214 opt | |(Zone 8 Smith)| 227.22 m | 236.37 m | 9.15 m | 7.34 g/t | |______________|__________|__________|__________|__________| |MAH-449 | 690.0 ft | 715.0 ft | 25.0 ft |0.133 opt | |(Zone 8 Smith)| 210.45 m | 218.07 m | 7.62 m | 4.56 g/t | |______________|__________|__________|__________|__________| |MAH-451 | 822.0 | 860.0 | 38.0 | 0.277 | |(Zone 8 Smith)| 250.71 | 262.3 | 11.59 | 9.50 | |______________|__________|__________|__________|__________| |MAH-452 | 795.0 ft | 845.0 ft | 50.0 ft |0.166 opt | |(Zone 8 Smith)| 242.37 m | 257.62 m | 15.24 m | 5.69 g/t | |______________|__________|__________|__________|__________| |MAH-452 | 885.0 ft | 900.0 ft | 15.0 ft |0.152 opt | |(Zone 8 Smith)| 269.92 m | 274.49 m | 4.57 m | 5.21 g/t | |______________|__________|__________|__________|__________| |MAH-453 |1350.0 ft |1380.0 ft | 30.0 ft |0.108 opt | |(Zone 8 Smith)| 411.75 m | 420.90 m | 9.15 m | 3.70 opt | |______________|__________|__________|__________|__________| |MAH-454 | 915.0 | 1020.0 | 105.0 |0.135 opt | |(Zone 8 Smith)| 279.07 | 311.09 | 32.02 | 4.63 g/t | |______________|__________|__________|__________|__________| |includes | 920.0 | 970.0 | 50.0 |0.182 opt | | | 280.49 | 295.73 | 15.24 | 6.24 g/t | |______________|__________|__________|__________|__________| |includes | 1005.0 | 1015.0 | 10.0 |0.244 opt | | | 306.52 | 309.57 | 3.05 | 8.37 g/t | |______________|__________|__________|__________|__________| |MAH-455 | 976.5 | 1001.5 | 25.0 | 0.143 | |(Zone 8 Smith)| 297.83 | 305.46 | 7.62 | 4.90 | |______________|__________|__________|__________|__________|
(1) Gold grade reported in Troy ounces per ton (opt) and grams per tonne (g/t) (2) No Significant Assays: MAH-445, MAH-450, SH-1210, and SH-1212 (3) Assays Pending: MAH-447 and SH-1213
Assay results have been received for one of the four core tails, and all
of the other 12 RC (only) drill holes. Drill holes MAH-452 and MAH-454
highlight the significant assay results returned to date from Mahala:
MAH-452 returned 50.0 ft. (15.24m) grading 0.166 opt (5.69 g/t) from
795.0-845.0 ft. (242.37-257.62m); and MAH-454 returned 50.0 ft.
(15.24m) grading 0.182 opt (6.24 g/t) from 920.0-970.0 ft.
Drilling at West Mahala consisted of 20 resource conversion drill holes
totaling 28,128 ft. (8,576m). Six of these drill holes include RC
precollars. Assay results have been received for 14 drill holes to
date with significant assay results listed in Table 4. As of year-end
2011, all of the core tails have been completed with drill footage
totaling 4,113 feet (1,254m). Assays are pending on samples from all
of the core tails. West Mahala hosts two sizeable areas of mineralized
ground that are mostly categorized as indicated and inferred mineral
resources within the current NI 43-101 Technical Report. These two
mineralized areas are spatially located approximately 1,000 ft. (303m)
east and 2,000 ft. (610m) northeast of the existing SSX-Steer
underground mine infrastructure.
Significant assays from West Mahala include: MAH-457 that returned 75.0
ft. (22.87m) grading 0.244 opt (8.37 g/t) from 1150.0-1225.0 ft.
(350.75-373.62m); MAH-467 returned 60.0 ft. (18.30m) grading 0.208 opt
(7.13 g/t) from 935.0-995.0 ft. (285.17-303.47m); and MAH-470 returned
35.0 ft. (10.67m) grading 0.346 opt (11.87 g/t) from 995.0-1030 ft.
Table 4. Significant 2011 Drill Hole Assay Results from West Mahala.
_______________________________________________________ | | From | To | Length | | | Hole ID |Feet (ft) |Feet (ft) |Feet (ft) |Gold Grade| | |Meters (m)|Meters (m)|Meters (m)| | |___________|__________|__________|__________|__________| |MAH-457 |1060.0 ft |1270.0 ft | 210.0 ft |0.186 opt | |(W. Mahala)| 323.30 m | 387.35 m | 64.05 m | 6.38 g/t | |___________|__________|__________|__________|__________| |Includes |1060.0 ft |1140.0 ft | 80.0 ft |0.100 opt | | | 323.30 m | 347.70 m | 24.40 m | 3.43 g/t | |___________|__________|__________|__________|__________| |includes |1150.0 ft |1225.0 ft | 75.0 ft |0.244 opt | | | 350.75 m | 373.62 m | 22.87 m | 8.37 g/t | |___________|__________|__________|__________|__________| |includes |1235.0 ft |1265.0 ft | 30 ft |0.358 opt | | | 376.67 m | 390.09 m | 13.42 m |12.28 g/t | |___________|__________|__________|__________|__________| |MAH-458 |1145.0 ft |1180.0 ft | 35.0 ft |0.147 opt | |(W. Mahala)| 349.22 m | 359.89 m | 10.67 m | 5.04 g/t | |___________|__________|__________|__________|__________| |MAH-461 |1040.0 ft |1045.0 ft | 5.0 ft |0.116 opt | |(W. Mahala)| 317.20 m | 318.72 m | 1.52 m | 3.98 g/t | |___________|__________|__________|__________|__________| |MAH-462 | 980.0 ft | 995.0 ft | 15.0 ft |0.092 opt | |(W. Mahala)| 298.90 m | 303.47 m | 4.57 m | 3.16 g/t | |___________|__________|__________|__________|__________| |MAH-463 | 910.0 ft | 965.0 ft | 55.0 ft |0.124 opt | |(W. Mahala)| 277.55 m | 294.21 m | 16.66 m | 4.25 g/t | |___________|__________|__________|__________|__________| |includes | 910.0 ft | 935.0 ft | 25.0 ft |0.182 opt | | | 277.55 m | 285.17 m | 7.62 m | 6.24 g/t | |___________|__________|__________|__________|__________| |includes | 955.0 ft | 965.0 ft | 10.0 ft |0.152 opt | | | 291.27 m | 294.32 m | 3.05 m | 5.21 g/t | |___________|__________|__________|__________|__________| |MAH-464 | 910.0 ft |1050.0 ft | 140.0 ft |0.104 opt | |(W. Mahala)| 277.55 m | 320.25 m | 42.70 m | 3.57 g/t | |___________|__________|__________|__________|__________| |includes | 915.0 ft | 940.0 ft | 25.0 ft |0.324 opt | | | 279.07 m | 286.69 m | 7.62 m |11.11 g/t | |___________|__________|__________|__________|__________| |MAH-465 | 950.0 ft |1075.0 ft | 125.0 ft |0.104 opt | |(W. Mahala)| 289.75 m | 327.87 m | 38.12 m | 3.57 g/t | |___________|__________|__________|__________|__________| |includes | 955.0 ft | 980.0 ft | 25.0 ft |0.189 opt | | | 291.27 m | 298.89 m | 7.62 m | 6.48 g/t | |___________|__________|__________|__________|__________| |MAH-467 | 935.0 ft | 995.0 ft | 60.0 ft |0.208 opt | |(W. Mahala)| 285.17 m | 303.47 m | 18.30 m | 7.13 g/t | |___________|__________|__________|__________|__________| |MAH-467 |1070.0 ft |1080.0 ft | 10.0 ft |0.118 opt | |(W. Mahala)| 326.35 m | 329.40 m | 3.05 m | 4.05 g/t | |___________|__________|__________|__________|__________| |MAH-468 | 905.0 ft |1040.0 ft | 135.0 ft |0.107 opt | |(W. Mahala)| 276.02 m | 317.19 m | 41.17 m | 3.67 g/t | |___________|__________|__________|__________|__________| |includes | 935.0 ft | 965.0 ft | 30.0 ft |0,276 opt | | | 285.17 m | 298.59 m | 13.42 m | 9.46 g/t | |___________|__________|__________|__________|__________| |MAH-469 | 930.0 ft | 955.0 ft | 25.0 ft |0.100 opt | |(W. Mahala)| 283.65 m | 291.27 m | 7.62 g/t | 3.43 g/t | |___________|__________|__________|__________|__________| |MAH-469 | 975.0 ft |1005.0 ft | 30.0 ft |0.124 opt | |(W. Mahala)| 297.37 m | 310.79 m | 13.42 m | 4.25 g/t | |___________|__________|__________|__________|__________| |MAH-470 | 915.0 ft | 945.0 ft | 30.0 ft |0.134 opt | |(W. Mahala)| 279.07 m | 292.49 m | 13.42 m | 4.60 g/t | |___________|__________|__________|__________|__________| |MAH-470 | 995.0 ft |1030.0 ft | 35.0 ft |0.346 opt | |(W. Mahala)| 303.47 m | 314.14 m | 10.67 m |11.87 g/t | |___________|__________|__________|__________|__________| |MAH-470 |1065.0 ft |1075.0 ft | 10.0 ft |0.115 opt | |(W. Mahala)| 324.83 m | 327.88 m | 3.05 m | 3.94 g/t | |___________|__________|__________|__________|__________| |MAH-474 | 940.0 ft | 975.0 ft | 35.0 ft |0.183 opt | |(W. Mahala)| 286.70 m | 297.37 m | 10.67 m | 6.28 g/t | |___________|__________|__________|__________|__________|
(1) Gold grade reported in Troy ounces per ton (opt) and grams per tonne (g/t) (2) No Significant Assays: SH-1210, MAH-460, and MAH-472 (3) Assays Pending: MAH-456, MAH-459, MAH-466,MAH-471, MAH-473, and MAH-475.
The success of the 2011 Mahala drill program has significant
implications. All three target areas require additional drilling to
define the extent of mineralization. Surface core tails are still
currently being drilled at the site. The potential for defining
substantial additional mineralization is considered to be highly
prospective in all three areas.
The potential future development of the Mahala and West Mahala resources
is significant in that underground drifts and drill platforms should
now be considered for development in order to enable year-round
underground drilling to explore a sizeable area of this highly
prospective ground. This underground drilling would be free of the
surface regulatory constraints as well as the encumbrances posed by the
physical elements associated with surface drilling at a high altitude.
Geologic and grade modeling covering the mineralization drilled during
the 2011 program is currently in progress. Subsequent engineering
analysis will be conducted. The results of the new modeling will be
included in an updated NI 43-101 report that is targeted for completion
in April 2012.
As part of this 2011 Mahala surface drilling program, 16 of the RC holes
were drilled to a depth of either 500 ft. or 800 ft. and served as
“precollars” for subsequent diamond drilling (core tails). The 16 core
tails were designed into each of the respective resource conversion
target areas to enhance the collection of geologic data and to provide
assay data for comparative analysis with the surrounding RC sample
population. As of year-end 2011, all RC drilling has been completed
and twelve core tails (totaling 7,156 ft. or 2,182m) have been
drilled. Four core tails still remain to be drilled totaling 2,295 ft.
(700m) and most of the core assays are still in progress. All of the
Mahala drilling targeted mineralization that lies greater than 650 feet
beneath the surface of the respective drill hole collars.
Assaying of all samples from the 2011 surface drill program reported in
this news release were conducted by ALS Laboratory Group in Reno,
Nevada using standard fire assay techniques. Assay intercepts are
reported as drilled. True widths have not yet been calculated; given
the geometry of the mineralization at Jerritt Canyon, the concept of
true width is not always meaningful before delineation drilling has
been completed. The company’s 2010 and 2011 Quality Assurance and
Quality Control protocols are available at the Company’s website: http://www.yukon-nevadagold.com/i/pdf/JC_Assay_Protocols.pdf
All of the Mahala Project RC drill holes were sampled on 5-foot
intervals over their entire length. All samples from 0-500 feet in
each respective drill hole have been deferred from lab submittal for
assaying. The primary reason was to try to expedite the return of
assay results by reducing the quantity of samples submitted to the
independent commercial laboratory by up to 50%. Sample “turn-around”
for the project-to-date has averaged 6 weeks due to the unprecedented
work load experienced by commercial laboratories. A secondary benefit
to the sample deferral has been substantial cost savings for the
project. All of the deferred samples have been retained at the mine
site for possible assay in the future.
The information in this news release was compiled and reviewed by
William Hofer B.Sc., Chief Geologist, Jerritt Canyon Mine. The
information contained in this news release has been reviewed and
approved by the Company’s Vice President of Exploration, Todd Johnson,
M.Sc. (Qualified Person per the requirements of NI 43-101).
Yukon-Nevada Gold Corp. is a North American gold producer in the
business of discovering, developing and operating gold deposits. The
Company holds a diverse portfolio of gold, silver, zinc and copper
properties in the Yukon Territory and British Columbia in Canada and in
Nevada in the United States. The Company’s focus has been on the
acquisition and development of late stage development and operating
properties with gold as the primary target. Continued growth will occur
by increasing or initiating production from the Company’s existing
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