688 WEST HASTINGS STREET, SUITE 490
VANCOUVER
British Columbia
Canada,
V6B 1P1
Phone: +1 (604) 688-9427
Fax: +1 (604) 688-9426
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Yukon-Nevada Gold Corp. (TSX:YNG & Frankfurt:NG6) 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 Arizona and 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 properties and by further acquisitions.
This growth strategy has now been augmented by the formation of a joint venture to carry out early stage exploration on new acquisitions. The completion of an agreement between YNG and Northwest Non-Ferrous International Investment Company Limited ("NWI"), a Chinese investment company 100% owned by NWME, to form a new Canadian company, which will explore for and develop mineral resources in the Yukon Territory, Canada, provides a valued addition to our abilities. It means that the Company will now have the opportunity to access the experience and skills that will allow for the exploration for molybdenum, titanium, rare earth metals, aluminum, lead, zinc, gold, silver, uranium, copper and vanadium.
YNG will continue to develop and produce from its existing 100%-owned properties in the Yukon and Nevada. The Company aims to achieve production from the Ketza River Mine manto deposits and to further explore the highly potential Shamrock Zone and Silver Valley, both in the Yukon. The short term goals are to have a pre-feasibility study completed; to make a positive mill decision; and to have a mine and mill in operation producing up to 100,000 ounces of gold per year.
Since operations began in 1981, Jerritt Canyon in Nevada has produced over 8 million ounces of gold. Open pit mining occurred between 1981 and 1999. Portal-accessed, underground mining commenced in 1993 and continues today with the SSX-Steer Complex and the Smith mine. The Mahala deposit, located within the Smith mine, began commercial production in mid 2005.
For more information visit:
www.yukon-nevadagold.com
Company NewsThursday, June 11, 2009 Yukon-Nevada Gold announced that its subsidiary, Queenstake Resources USA has taken action to have more direct management of the Jerritt Canyon operations in order to accelerate and complete installation of the new mercury-emission-control system at its wholly owned Jerritt Canyon Mine located in Nevada, USA. Map Legend: Producer Past Producer  Development  Exploration |
