Yukon-Nevada Gold Announces Positive Results fromCaddo your are correct about underground and ore calculation...and yes high oxide ore reserves is what we all want.
Yukon-Nevada Gold Announces Positive Results from Ketza River Drilling
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Yukon-Nevada Gold Corp.(Toronto Stock Exchange: YNG; Frankfurt Xetra Exchange: NG6) is pleasedto announce additional favorable results from its on-going 2010 drillingprogram at Ketza River.
The Ketza River property is wholly-owned by Yukon-Nevada Gold Corp., and it is a past gold producer located near the town of Ross River in the Yukon Territory, Canada.
Therecently received assay results are from the QB Zone - Deep InducedPolarization ("IP") Target that was generated from a Titan-24 surveyconducted in August of 2009. The QB Zone hosts a gold resource, asidentified in the most recent NI-43-101 Technical Report dated April 14, 2008.
Thegeophysical survey identified a zone of chargeability and conductivitybeneath the existing near-surface QB Zone resource (see Figure 1 PlanMap posted on the YNG website here: https://www.yukon-nevadagold.com/i/pdf/QBZoneDeepIP.pdf).The top of the IP anomaly starts at approximately 700 meters below thesurface. The first two drill holes (KR-10-1477 and KR-10-1478)encountered significant intervals of fault zones and failed to reachtheir target depths (IP anomaly zones) before being lost due to verypoor rock conditions.
Drillhole number KR-10-1479, was completed to 862 meters (2,827 feet) andencountered several zones of Au mineralization prior to reaching thedepth of the IP target. The rock in the bottom half of this drill holeaverages about 3 percent total sulfides and is sufficiently high enoughto explain the IP anomaly. No intrusive rock was intersected.
Assay results, conducted by ALS Laboratory Group at their North Vancouverfacility, are presented in the following table. The best intercept ofthe three drill holes was from KR-10-1478 which intersected 7.8 metersgrading 2.53 g/t Au from 196.30 to 204.10 m. Another mineralizedintercept in drill hole number KR-10-1479 from 639.52 to 640.55 mintersected 1.03 m averaging 11.60 g/t Au. Assayed intervals from drillhole KR-10-1479 contained anomalous gold throughout much of its length.