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Bullboard - Stock Discussion Forum Yukon Nevada Gold Corp T.YNG

TSX:YNG - Post Discussion

Yukon Nevada Gold Corp > From THE NR
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Post by romara on May 16, 2012 8:35pm

From THE NR

I found these paragraps interesting.....Richard

Outlook

In achieving the targeted production rate of 150,000 ounces of gold under steady state operations, the Company is focusing on ramping up production from the SSX-Steer mine which will be complete towards the end of the second quarter with the delivery of the remaining underground trucks and other equipment. As well, the Company will continue to process available stockpiles and receive ore from the Smith mine at an increasing rate. Longer term the Company is looking at profitable opportunities to acquire mineable assets in the area and process third party ore under a toll milling arrangement. The Company will also continue building the necessary infrastructure and making equipment purchases in order to open a third mine on the property, Starvation Canyon, located on the south end of Jerritt Canyon.

The surface exploration program in 2011 has identified a number of areas of interest and proven the viability of the East and West Mahala resources which lie between the Smith and the SSX-Steer mine. Additional survey work in the Starvation area has identified further areas of interest that will need to be explored in the 2012 drill program as well. These results have largely been incorporated into a new reserve up date that the Company released on April 27, 2012 which can be found on our website here: https://www.yukon-nevadagold.com/i/pdf/Jerritt_43-101_Technical_Report_YE2011.pdf

Comment by MrGRP on May 17, 2012 7:59am
Nice catch Richard every analysing the story :-) well it will be interesting to see what today holds, the share price was driving down yesterday but a  sale right at the bell ... today the Asian markets are actually up, first time in how long ? and to make it even better it looks like gold will be up 11.60 at the beginning of the day ... and that is a change ! Now we just need more on the buy ...more