Sounds close to surface and additionalYukon-Nevada Gold Corp. intersects 14.5 meters of8.95 g/t gold at the Ketza River project
, /PRNewswire-FirstCall/- Yukon-Nevada Gold Corp. (Toronto Stock Exchange: YNG; Frankfurt XetraExchange: NG6) is pleased to report consistently favorable results from itson-going 2008 drilling program at Ketza River. The Ketza River property iswholly-owned by Yukon-Nevada Gold Corp. (YNG), and is a past gold producerlocated near the town of in the .
All drill holes referenced in this release are diamond drill holes completed utilizing two drill rigs and forwhich assay reports were received .Drill core from this period was available for viewing during YNG's analyst tourheld on (https://www.yukon-nevadagold.com/i/pdf/CHF_In-Brief.pdf). Allholes were targeted to expand the margins of known mineralization as part of thecompany's continuing program to expand areas amenable to open-pit mining.Additional drilling has been targeted within known resource areas as part of pitplanning and an effort to upgrade the quality of the Ketza River Projectresources.
Note also that the drill intercepts reported herein were not included in thedata used for the NI 43-101 resource estimates released on , which contain a measured and indicated resource of 646,600 ouncesof gold at a grade of 4.93 g/t and an inferred resource of 112,800 ounces ofgold grading 3.26 g/t and could potentially lead to an increase in the resourceof the Ketza River project. To date 22,104 meters from 170 holes have beendrilled in 2008. A complete table of results can be found on our website: https://www.yukon-nevadagold.com/i/pdf/KetzaDDH.pdf
Significant new intercepts were received from the Peel, Tarn, and BreakTargets within the Manto Zone. Highlights include 14.47m of 8.95 g/t gold,including an interval of 2.4m at 15.16 g/t gold at a depth of just 32 meters inthe Peel Target. In addition, one drill hole in the Tarn Target intercepted3.05m of 13.25 g/t gold at a depth of just 11 meters., President and CEO states, 'The continued success of theexploration program emphasizes the company's belief in the value of this mostprospective project.'
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Summary - Significant Intercepts
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Hole Zone From (m) To (m) Thickness Grade g/t
Number (m) Au
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KR-08-1362 Peel 26.62 28.04 1.42 8.18
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KR-08-1362 Peel 32.61 47.08 14.47 8.95
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Including 32.61 35.01 2.40 15.2
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KR-08-1378 Tarn 11.28 20.42 9.14 7.13
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Including 11.28 14.33 3.05 13.25
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KR-08-1396 Break 30.52 32.61 2.09 4.43
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A condemnation drilling program comprised of seven holes at the proposed siteof a new larger camp encountered 2 - 3 g/t Au over thicknesses of 4.5 meters atdepths of 60 to 90 meters. These depths are such that the proposed camp sitewill be utilized.
Thicknesses have been reported as drilled - there is not yet sufficientinformation to determine true thicknesses. All assays for the drill program wereconducted by ALS Chemex of
This news release was reviewed and approved by the Chief Geologist at KetzaRiver,, M.Sc., P.Geo., who is the QualifiedPerson for the purposes of this release.
Yukon-Nevada Gold Corp. is a North American gold producer in the business ofdiscovering, developing and operating gold deposits. The Company holds a diverseportfolio of gold, silver, zinc and copper properties in the and in and in and in . TheCompany's focus has been on the acquisition and development of late stagedevelopment and operating properties with gold as the primary target. Continuedgrowth will occur by increasing or initiating production from the Company'sexisting properties.