Yukon-Nevada Gold Corp. finalizes Consent Decree with the Nevada Division of Environmental Protection
By milling a combination of available stock piles and recommencing mining activity, the Company is targeting a total production of 150,000 ounces of gold in the first full year of production at a cash cost of
The Consent Decree was finalized and signed by both parties on
The Consent Decree records and agrees to the terms of an environmental work program worked out and agreed between the NDEP and the Company. Queenstake completed the installation of a calomel emission system to control mercury emissions and the calibration of the system instrumentation as of
The mill will require certain start-up activities before going into full production and the Company has been preparing for this event.
Queenstake has agreed to undertake this program of work, much of which has already been completed, to address all of the concerns of the NDEP within set and agreed time frames as well as to ensure that the company remains pro-active and in continuing compliance into the future.
One of several outstanding issues is the stack testing program which requires the plant to be operational in order to test emissions from the calomel system and confirm its performance in controlling emissions. This process and performance criteria are set forth in the Consent Decree. The calomel technology is state of the art technology that, once audited by independent air quality stack emission engineers, is expected to substantially reduce emissions and thereby set the company apart from its previous discharge emissions. These audits are required under the Consent Decree to confirm to the NDEP that the new technology adheres to the projections made by Queenstake and audit sampling will continue monthly until such time as NDEP is fully satisfied with the results. The Consent Decree is expected to be in place for a period of two years. The Company plans to release a summary of these results once they are available to demonstrate publicly the effectiveness of its mercury control emission system.
The President and CEO Mr.
Going forward the Company has a number of additional development initiatives incomplete and still in progress at this time and expects to release further positive news in the coming weeks.
This News release was reviewed and approved by the Company’s Senior Geologist,
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
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SOURCE Yukon-Nevada Gold Corp.