Nevada gets better and betterYukon-Nevada Gold Corp. intersects 6.1 meters of 10.5 gpt gold at Jerritt Canyon, Nevada
VANCOUVER, April 23 /CNW/ - Yukon-Nevada Gold Corp. (Toronto StockExchange: YNG; Frankfurt Xetra Exchange: NG6) has received very encouragingresults from two holes drilled in the Mahala Basin area of the Jerritt CanyonDistrict. MAH-399, a Reverse circulation drill hole, contained an interval of20 feet (6.1m) of 0.307 ounces of gold per ton (opt) or 10.5 grams of gold pertonne (gpt) within a mineralized interval of 45 feet (13.7m) with an averagegrade of 0.174 opt (6 gpt). This interval begins 1035 feet (315.5m) below thesurface. Core hole MAH-356C cut a 10 foot (3m) interval of 0.404 opt(13.8 gpt) beginning about 1,100 feet (335 m) below the surface. Thetopography in this zone is steep and despite the drilling depths, thesemineralized intervals are at approximately the same elevation as the currentSmith Mine underground workings. These drill results are considered very significant since they are onstrike with the Smith Mine resources and appear to be a continuation of theMahala ore zone. MAH-399 is about 3,200 feet (976m) west of the Mahala orebody and is within and adjacent to an igneous dike that may be thecontinuation of the Mahala dike. The Mahala dike and associated structureshost high grade mineralization in Zone 4 of the Smith underground mine. Core hole MAH-356C sits an additional 1,000 feet (305m) west of drillhole MAH-399, over 4,000 feet (1220 m) west of current mining in Zone 4 of theSmith Mine. Mineralization in this hole occurs within the Hanson Creeklimestone, one of the primary ore hosts at Jerritt Canyon. The Company's President and CEO, Graham C. Dickson, commented, "Thesedrill results continue to confirm our belief that the Mahala Basin is anextremely prospective area for discovering new gold resources. This targetarea will continue to be a focus of exploration in 2008, exploring not onlyfor incremental additions to the Smith Mine resources, but also for possiblyentirely new orebodies along this clearly highly mineralized corridor." True widths have not yet been calculated; given the geometry ofmineralization at Jerritt Canyon, the concept of true width is not alwaysmeaningful before delineation drilling has been completed. This News Releasewas reviewed and approved by the Company's Executive VicePresident-Exploration, Dorian L. (Dusty) Nicol, M.Sc., P.Geo., the QualifiedPerson for purposes of this release. A detailed map of the drill holes can be found on our website,www.yukon-nevadagold.com.