coug's news and views Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : coug's news and views

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: coug	1/24/2011 1:45:55 PM
	of 3961

39 feet Averaging 0.201 opt Au Encountered in Underground Exploration Drilling at Jerritt Canyon, Nevada Press Release Source: Yukon-Nevada Gold Corp. On Monday January 24, 2011, 6:30 am EST VANCOUVER, Jan. 24 /CNW/ - Yukon-Nevada Gold Corp. (Toronto Stock Exchange: YNG; Frankfurt Xetra Exchange: NG6) is pleased to announce additional assay results from its 2010 Smith Mine underground exploration drilling at its wholly-owned gold production Jerritt Canyon property in Nevada, USA. Jerritt Canyon is operated by Queenstake Resources USA Ltd., ("Queenstake") a wholly owned subsidiary of Yukon-Nevada Gold Corp. ("YNG" or the "Company"). Eight drill holes numbered SMI-LX-750 thru SMI-LX-757 (totaling 8,126 feet) have been completed at the Smith underground mine from August 12 to year end 2010 (see drill hole location plan maps which can be found on our website here: yukon-nevadagold.com. Final assays have been received for the first seven drill holes. This drill program is testing favorable ore controlling structures proximal to the existing underground workings and is also intended to expand and convert existing resources outlined in the most recent NI 43-101 report published in 2008. The first three drill holes of the exploration drilling plan tested the southeasterly extension of the previously productive Zone 3 structure at the Smith Mine along an approximate 600 feet of linear strike distance. Drill hole results for SMI-LX-750 were previously reported on September 7, 2010 which can be found on our website here: bit.ly. Table 1 below lists all significant assay results received for drill hole numbers SMI-LX-751 and SMI-LX-752. These drill holes tested ground intersected by a limited quantity of historic surface reverse circulation (RC) drill hole tests that contained intercepts with lower grade Au mineralization. Drill hole SMI-LX-751 encountered 39.0 feet averaging 0.201 opt Au from 785.0 to 824.0 feet, and an additional intercept lower in the same drill hole containing 45.0 feet averaging 0.160 opt Au from 901.0 to 946.0 feet. The Au intercepts encountered in drill hole SMI-LX-751 are located approximately 300 linear feet (along strike) from the previously reported Au intercepts encountered in drill hole number SMI-LX-750. Drill hole number SMI-LX-752 was located between drill hole SMI-LX-750 and SMI-LX-751. Assay results for drill hole number SMI-LX-752 included an intercept of 7.0 feet averaging 0.134 opt Au from 1,187.0 feet to 1,194.0 feet and confirmed the continuity to the gold mineralization in this area. Additional underground drill hole targeting of the southeastern extension of the Zone 3 structural trend is currently in progress. More.. finance.yahoo.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next