Yukon Nevada Gold Corp T.YNG

Just a Road Bump on the Way to the Bank

[romara]

After reading the letter from YNG this morning....I don't see a problem....if we get a share price drop today...I'm buying some more shares...let's shake the tree a couple of times....maybe we can pick up some cheapie shares....those that go long....will last.

I will give Nicole a call this morning....to try and find out more

Richard

Here is the e-mail

Vancouver, BC -June 1, 2009 -Yukon-Nevada Gold Corp. (Toronto Stock Exchange: YNG; Frankfurt Xetra Exchange:NG6)announces that a delay in the fabrication of certainfiberglass ductwork has resulted in theCompany being unable to meet a deadline to complete the installation of newmercury - emission - control equipment at the Jerritt Canyon Mine. Therefore, incompliance with NDEP Order 2009-4, Queenstake Resources Inc. USA (Queenstake),awholly owned subsidiary of Yukon-Nevada Gold Corp. (YNG), has discontinuedoperation of its roaster circuits at the Jerritt CanyonMine.

Theductwork will be used in the installation of a calomel-based mercury controlsystem required by the NDEP to ensure the company complies with state-mandatedmercury emission limits, and to minimize the proportion of oxidized (reactive)mercury released to the air.

Queenstake notified the NDEP that both roaster circuitsat the Jerritt Canyon Mine ceased operation at 11 p.m. May 30.

Queenstake has successfully complied with otherrequirements of operation per NDEP Order 2009-4. While the roasters are off-lineto complete the required work, the processing of ore already roasted and therecovery of gold will continue.

TheCompany expects to take delivery of the fiberglass duct work and have the newmercury emission control equipment installed before the end ofJune.

HISTORY:

Following a year-long investigation into mercuryemissions, in March 2008 the NDEP ordered Queenstake Resources to install newstate-of-the-art emission control equipment at the Jerritt Canyon Mine by theend of that year. Before the NDEP's order was satisfied, Queenstake Resources,by its own action, stopped mining and processing ore at Jerritt Canyon Mine inAugust 2008. The facility remained shut down while the new emission controlsystems were designed. Staff from Queenstake Resources and the NDEP workedtogether to resolve several air emission issues related to the roastingoperation.

NDEPissued an Order March 25, allowing Queenstake to restart ore processingoperations after the mine's initial environmental compliance was satisfied. Therequirement to shut down the roaster does not affect the operation of themilling and gold recovery portion of the plant. This ensures that the Companycash flow and other operations can continue.

Yukon-Nevada Gold Corp. is a North American goldproducer in the business of discovering, developing and operating gold deposits.The Company holds a diverse portfolio of gold, silver, zinc and copperproperties in the Yukon Territory and British Columbia in Canada and in Arizonaand Nevada in the United States. The Company's focus has been on the acquisitionand development of late stage development and operating properties with gold asthe primary target. Continued growth will occur by increasing or initiatingproduction from the Company's existing properties.

[romara]

I spoke with Nicole this morning....nothing serious, just that a certain part of the pollution control device was not delivered on time. They are finishing off what they had in the system for a pour....but nothing will be processed (ore from stock pile) until system is installed completely and inspected.As the tree was shakened this morning I bought more ....30K @.15...tried .14 ....but I didn'

[AIMer300]

Nothing serious?Can you believe anything Nicole says?Last year, didn't she say that the mill could be up and running as early as September 2008?

[biovine811]

LEEEEEEEEE        

[romara]

AIMer300...About Nicole.....if you ask a question....you have to look at the answer more then one way. A lot of times she is restricted in what she can say because of security regulationsAbout the disruption at the mill....they could have come out with a NR weeks ago saying...that if we don't get the fabricated  ductwork we will close down on the end of May ....what would that have done

[talkswitch]

following is the May 01, 2008 news releases.----------------------------------------------------------- Mr. Dickson commented, "The short term results of custom milling, the lowering of unit costs, have proved beneficial to the Company's bottom line, however in the opinion of management the longer term effects will be detrimental.The fact that we were able to make $9.63M in the final six

[aristoenigma]

Wasn't that 2008 NR old news about early enviro updates to the Nevada mill. What I think is going on now is a sea change to Jerritt enviro stuff for the good. Like 90% reduction in mercury emissions. That is going to make the mill much more strategic and much more valuable. More so in 2009 as it looks like gold is about to pass through $1000 per ounce soon. :)

[talkswitch]

this "strategic" facility might be worse than what you thought. following is from May 15, 2009 news:" On April 22, 2009 the Company received a notice of complaint from the U.S. Department of Justice representing the Environmental Protection Agency alleging the Company had violated specific provisions of the Resource Conservation and Recovery Act relating to the generation, storage

[aristoenigma]

I wonder if that EPA stuff all relates back to earlier measurements. I bet the explanation for this new upgrade with 90% reduction in mercury emissions may be part of YNG's response to all of the enviro agencies and their descent on most companies in Nevada. Bottom line, when YNG completes an environmentally sound system the asset will be that much more in demand.

[romara]

Could you please post all that news report as of the April 22, 2009 on what you posted. I for one, and probably others would like to read the full report .....Richard

[talkswitch]

There is nothing new if you paid attention to details. take a look at page 14 of First Quarter Report Ended March 31, 2009, released on May 15,09 here is the link: https://www.yukon-nevadagold.com/i/pdf/YNGFS-MDA-09-03-31.pdf

[talkswitch]

It's page 32 of the PDF file. sorry for typo

[romara]

talkswitch.....I read that paragraph ....thanks for refreshing my mind. I read the whole report back when it was issued. But I didn't take any special notice of it because I thought it was all part of the whole environmental issue.I will call Nicole....and see what she says. Then we will know if that has been cleaned up....or still an outstanding issue with the agency. ......Richard

[romara]

I called YNG...asked for Nicole, and she was out of the office. I left the info about the concern....so I know she will get back to us, and get the concern clarified..........Richardps: if anyone has a concern about YNG....don't be shy about calling Nicole and getting your concern straightened away, and then post the results.....Richard

[downer27]

do y'all reckon yer gettin the straight goods from Graham and Nichole the puppet?

[romara]

I called Nicole and we talked about this paragraph"b)Contingencies:(i)On April 22, 2009 the Company received a notice of complaint from the U.S. Department of Justice representing the Environmental Protection Agency alleging the Company had violated specific provisions of the Resource Conservation and Recovery Act relating to the generation, storage, handling, and disposal of hazardous wastes

[aristoenigma]

Thanks Richard. That makes more sense. The silver lining in this latest situation is that the flagship technology  of the process improvement going into Jerritt gets some extra press ahead of time. Yes there is some 2 or 3 weeks delay for ducts or whatever but the end result is a 90% reduction in mercury emissions. That has to be good for everyone with today's sensibilities. SHs included.

[biovine811]

Thats the trouble with mines--- they issue too many shares -- history seems to allow it, and they only spike on news of the find of--------------------------- the big Mother Lode.