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YukonNevada Gold Corp. ![]() ![]() ![]() ![]() At the Annual General Meeting and Special Shareholders' Meetings Of YGC Resources Ltd. and Queenstake Resources Ltd. on Friday, May 18th, 2007 both sets of shareholders approved the plan of arrangement leading to the merger of the two companies to form Yukon-Nevada Gold Corp. Yukon-Nevada Gold Corp. is a North American gold producer in the business of discovering, developing and operating gold ore deposits. Continued growth will occur by increasing or initiating production from its existing properties and by further acquisitions. The Company holds a diverse portfolio of gold, silver, zinc and copper properties in the Yukon Territory and British Columbia in Canada and in Arizona and Nevada in the United States. The Company aims to achieve production from the Ketza River Mine manto deposits and to further explore the highly potential Shamrock Zone and Silver Valley, both in the Yukon. The short term goals are to have a pre-feasibility study completed; to make a positive mill decision; and to have a mine and mill in operation producing up to 140, 000 ounces of gold per year. A 43-101 report on the Ketza property was completed in October 2005 with 756,700 ounces of gold in the measured and indicated categories and 1,054,400 ounces of gold in the inferred category. An updated 43-101 is in preparation at the moment. Since operations began in 1981, Jerritt Canyon in Nevada has produced over 8 million ounces of gold. Open pit mining occurred between 1981 and 1999. Portal-accessed, underground mining commenced in 1993 and continues today with the SSX-Steer Complex and the Smith mine. The Mahala deposit, located within the Smith mine, began commercial production in mid 2005. Production at the Murray Mine is expected to be completed during 2006. yukon-nevadagold.com Yukon-Nevada Gold Corp. 540 - 688 W. Hastings St. Vancouver, B.C., Canada V6B 1P1 Tel: 604.688.9427 Fax: 604.688.9426 Email: graham@ygcr.ca yukon-nevadagold.com | ||||||||||||||
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