Yukon Nevada Gold Corp T.YNG

Talked with Nicole

[romara]

I had a long talk with Nicole today...and we covered a lot of subjects....Jerritt Canyon was one of them....all they are waiting for the "Consent Decree" from the Nevada state agency to start the mill. The Nevada Attorney General is involved because he wants the mill reopened for the jobs. Right now it's an ongoing discussion over the actual wording in the "Consent Decree" between the government lawyers and YNG's lawyers

They, YNG management and staff are just as frustrated as us shareholders, over the time this "Consent Decree" has taken to be finalized, and authorized.

Graham is on the mill site at Jerritt Canyon to get the mill up and running when the "Consent Decree" is authorized

The mine manager at the Jerritt Canyon site has been planning on where to first start mining the Au ore that is in the ground...once the mill is operational....then they hope to have the mine operational by the end of 2009

The Yukon government had a large mining exhibition,in which YNG participated with the presentations of their Yukon properties. A lot of professional mining people were there from China to look at the presentations put on by the resource companies.

I would like to point out....none of the above is a quote from Nicole.....but only the guist of our conversation

.....................Richard

[romara]

Just something else....I asked Nicole when they do a PP.....why not go to the existing shareholders and issue Rights and Warrants, and let the existing shareholders participate in any new share issue. Her reply was..."she didn't know why" but she will find out. ...........Richard

[talkswitch]

"The Nevada Attorney General is involved because he wants the mill reopened for the jobs. "Nicole told you that or you made it up again?i copied the following from q1 report: " 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

[romara]

MyStockhouse/Default.aspx?u=3114876"">talkswitch......nothing I say is made up on what I post...... I just don't openly quote people on what they say to me in a private conversation when it deals with the property involved. If you want to call Nicole....go a head....What difference does it make if the Attorney General of Nevada is of either gender...or a combination of both. All I

[Flyer64]

Thanks for sharing Richard, much appreciated.

[arthur7440]

[Cheezetaco]

Good post romara,Like I previously posted, NDEP IS A REGULATORY ASSOCIATION, they have alot of processes to go through to even get the approval, plus they might just be taking their time (probably this one :-) ).  This startup could still be a month away for all we know, it's in the hands of NDEP and until YNG gets approval from them YNG can't do anythiing, except cleanup their

[arthur7440]

  Thanks for the post Richard, I think  Talkswitch is a Him or Her,  He also challenges my post,      and sorry about my last post,  I  can't understand what happened,                              

[romara]

talkswitch...it wasn't only the Jerritt Canyon mine of Queenstake/YNg that got that notice...." 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

[talkswitch]

if every mine got the exactly same allegation, why Jerritt facility got shot down, while others are in operation?

[aristoenigma]

Thanks Richard. I remember the US DOJ thing being a scatter gun approach as well. Bottom line is that Jerritt needed modernization and that is exactly what got done. I agree that the Nevada AG would be very interested in seeing jobs created and recreated. Even if that is not in "her" job description. Some good news soon and hopefully the posters will stay positive.

[romara]

Because they did not have the mercury recovery system in place by a date designated by the enviromental agency....please read the past post and NR's. The alleged defaults you mentioned are something different, and that has been satisfied by the recent US Supreme Court rulings...on mine waste.The "tree huggers had initiated a court case in US Federal Court to say that "mine waste"

[aristoenigma]

Bang on Richard. The restart will also have Jerritt mill as a modern flagship re mercury handling. That translates to great shareholder incremental value. A modern mill with 200,000 ounces being produced annually. And many millions more of ore in the ground. That is my hope.

[Flyer64]

I agree also..once the mill starts up YNG will be used as a positive example.