Dear
Subscriber,
|
January 16, 2008
|
January
16, 2008 - Vancouver, Canada - Yukon-Nevada Gold Corp. (YNG: TSX, NG6: FSE) is excited to announce the appointment of David Drips, B.Sc. Mining
Engineering, as its new Vice President Mining and also the promotion of Sam
Ash, B.Sc. Mining Engineering, to Manager of New Operations.
Mr. Drips brings to Yukon-Nevada over 32 years experience in building and
operating gold and silver mines, both underground and open pit, throughout
the Americas and overseas. Most recently, Mr. Drips was Vice President,
Mexico Operations for Endeavour Silver.
Mr.
Drips has previously held several senior management positions in mining,
including Director General of Plata Panamericana, the Mexican subsidiary of
Pan American Silver Corp., where he was responsible for turning around the
operating performance of their La Colorada silver mine in Mexico; Director
General of Scorpio Mining in Cosala, Mexico where he led the
pre-feasibility study and initial development program at the Nuestra Senora
project; Vice President and Manager of Operations for American Mine
Services in Boulder, Colorado where he managed several mine service
divisions; General Manager for Bema Gold Corp. in Magadan, Russia
overseeing the construction of the Julietta gold mine; General Manager for
Hecla Mining Co. in Venezuela, managing the turn-around of the La Camorra
mine into a profitable operating unit; and Founder and President of
Intermountain Mine Services and Mineral Resources Engineering, which he
built into a $7.5 million per year business.
Mr.
Drips will initially focus his efforts on Yukon-Nevada's Jerritt Canyon
property near Elko Nevada. In addition to overseeing the expansion of
Yukon-Nevada's core operating asset, Jerritt Canyon, Mr. Drips will ensure
that the cost savings recently achieved become entrenched at this facility.
Mr. Drips will also be a key member of the senior management team as the
Company continues to grow through its application of its strategic plan
which calls for the acquisition of late stage development and operating
properties.
Like
Yukon-Nevada, Mr. Drips has invested much of his career focusing on worker
safety and environmental sustainability. Mr. Drips states,
"Productivity and profitability are nothing more than the products of
sound, safe work habits. I have found that mine teams and company personnel
like nothing more than to take pride of ownership in their work."
Graham
Dickson, President and CEO, commented, "I would like to extend a warm
Yukon-Nevada welcome to Dave Drips as the newest member of our senior
management group. Dave's successful track record and extensive industry
experience speak for themselves. His skill sets will be a great asset in
facilitating Yukon-Nevada's growth and profitability as we move
forward."
On a
separate note, the senior management group recently added to its ranks with
the promotion of Sam Ash to the position of Manager New Operations where he
reports directly to the President and CEO, Graham Dickson. Mr. Ash's new
and additional responsibilities include the development of the Ketza River
project and of Starvation Canyon, with the objective of bringing them both
into production in a timely manner.
Mr. Ash graduated from the University of Missouri
Rolla in 2001 with a BS in Mining Engineering. Mr. Ash started his
career as a supervisor and engineer in for Drummond Coal in Alabama.
In 2003 Mr. Ash joined the Jerritt Canyon property as a planning
engineer. Since 2003 he has successfully filled numerous positions in
the engineering and operations group including, for the last year, that of
Mine Superintendent where he played a major role in the cost and production
improvements that have been achieved in the last year of operation at
Jerritt Canyon. Mr. Ash will bring his unique mix of operations,
management and engineering expertise to his new position.
Graham Dickson, President and CEO, commented, "We
certainly appreciated the manner in which Sam stepped up to the plate and
contributed to the turnaround at Jerritt Canyon. His adoption of a wider
role will be important to the Company's success as we move forward in the
coming years."
Yukon-Nevada Gold Corp. is a North American gold
producer in the business of discovering, developing and operating gold
deposits. 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's focus has been on
the acquisition and development of late stage development and operating properties
with gold as the primary target. Continued growth will occur by increasing
or initiating production from the Company's existing properties and by
further acquisitions.
The TSX has not reviewed and does not accept responsibility for the
adequacy or accuracy of this release.
WARNING: The Company relies upon
litigation protection for "forward-looking" statements.
This news release does not
constitute an offer to sell or a solicitation of an offer to buy any of the
securities in the United States. The securities have not been and
will not be registered under the United States Securities Act of 1933, as
amended (the "U.S. Securities Act") or any state securities laws
and may not be offered or sold within the United States or to U.S. Persons
unless registered under the U.S. Securities Act and applicable state
securities laws or an exemption from such registration is available.
|