*NEWS*Yukon-Nevada Gold Corp. updates exploration drilling results for the Ketza River project
Apr 15, 2009 (BAYSTREET NEWSWIRE via COMTEX News Network) --
VANCOUVER-- Yukon-Nevada Gold Corp. (Toronto Stock Exchange: YNG; FrankfurtXetra Exchange: NG6) is pleased to announce additional assay resultsfrom the 2008 drilling program the Ketza River project. The Ketza Riverproperty is wholly-owned by Yukon-Nevada Gold Corp., and is a past goldproducer located near the town of Ross River in the Yukon Territory,Canada. All drill holes referenced in this release are diamond drillholes completed between May 4th and August 5th, 2008, and for whichassay reports were received by February 28, 2009. All holes weretargeted to expand the margins of known mineralization as part of thecompany's continuing program to expand areas amenable to open-pitmining.
As presented in Table 1 below, significant newintercepts were reported from the Break, Hoodoo, and Peel targetswithin the Manto Zone, and from the QB target in the Shamrock Zone. Themineralization zones and targets are shown in Figure 1 (which can befound under 'News Releases' on www.yukon-nevadagold.com).
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TABLE 1
New Intercepts Reported as of 28 February 2009
Ketza River Project, Yukon
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Ore Thick- Grade
Hole Number Zone Type From (m) To (m) ness(m) g/t Au
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KR-08-1389 Break Manto 130.20 140.00 9.8 3.2
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KR-08-1422 Hoodoo Manto 73.70 78.30 4.6 4.6
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KR-08-1425 Hoodoo Manto 72.30 75.30 3.0 6.6
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KR-08-1446 Hoodoo Manto 98.2 99.1 0.9 15.2
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KR-08-1362 Peel Manto 51.5 54.4 2.9 10.4
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and 57.2 58.1 0.9 10.4
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KR-08-1376 QB Qtz Vns 72.2 76 3.8 8.8
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KR-08-1390 QB Qtz Vns 60.1 67.9 7.8 5.8
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KR-08-1391 QB Qtz Vns 30.5 33.5 3.0 6.4
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KR-08-1426 QB Qtz Vns 126.0 127.1 1.10 31.3
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Highlightsinclude 2.95 meters and 0.9 meter of 10.4 g/t gold in two nearlyadjacent intercepts from the Peel target at depths of 51.5 and 57.2meters respectively,
and an intercept of 15.2 g/t gold at 98.2meters depth in the Hoodoo target. In the QB target, a shallowintercept at 30.5 meters depth returned 6.4 g/t gold, and a deepintercept of 31.3 g/t gold was also reported.
As of this date,24 drill holes from the 2008 drilling program remain to be assayed andfour holes have yet to be fully assayed.
Graham Dickson,President and CEO states, "These results confirm again that the KetzaRiver Project will be a viable open pit mining operation with anextended lifespan."
Note that the drill intercepts reportedherein are not included in the data used for the NI 43-101 resourceestimates released on April 14, 2008, which contain a measured resourceof 146,500 ounces of gold at a grade of 6.40 g/t, an indicated resourceof 499,900 ounces of gold at a grade of 4.61 g/t and an inferredresource of 112,800 ounces of gold grading 3.26 g/t. In 2008, a totalof 30,151 meters in 223 holes were drilled on the Ketza River Project.A complete table of updated results for the 2008 drilling program canbe found on our website:https://www.yukon-nevadagold.com/i/pdf/Ketza_River_Diamond_Drill_Assay_Data_for_2008.pdf
This news release was reviewed and approved by theChief Geologist at Ketza River, Erika Shepard, M.Sc., P.Geo., who isthe Qualified Person for the purposes of this release.
Yukon-NevadaGold Corp. is a North American gold producer in the business ofdiscovering, developing and operating gold deposits. The Company holdsa diverse portfolio of gold, silver, zinc and copper properties in theYukon Territory and British Columbia in Canada and in Arizona andNevada in the United States. The Company's focus has been on theacquisition and development of late stage development and operatingproperties with gold as the primary target. Continued growth will occurby increasing or initiating production from the Company's existingproperties.
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