Vancouver, BC - May 3, 2010 - Yukon-Nevada Gold Corp. (Toronto Stock Exchange: YNG; Frankfurt Xetra Exchange: NG6) is pleased to announce that results from its most recent stack emission tests at its wholly owned subsidiary Queenstake Resources USA, Inc's Jerritt Canyon Gold Mine continue to improve well below the maximum levels specified in the Consent Decree entered into with the Nevada Division of Environmental Protection ("NDEP").
The tests were carried out on the Jerritt Canyon gold treatment plant near Elko, Nevada under normal operating conditions by the independent stack testing group who certified the resulting report.
The ongoing tests have confirmed the capabilities, consistency and stability of the chosen control technology to improve stack test emissions at Jerritt Canyon. Since this program commenced at the end of calendar year 2009 results have steadily improved to well below the required standards. This information was previously released by the company in a news release on March 17, 2010.
President and CEO Mr. Robert Baldock states, "These results demonstrate that the Company is meeting, and will be able to continue to meet and exceed by a wide margin, all regulatory requirements for emissions to atmosphere."
The latest stack test results from Jerritt Canyon, continue to show the effectiveness of the technology developed to limit mercury emissions. The mercury emissions from the stacks continue to fall and are now 11% of the levels permitted under the consent decree, and ultimate discharge improvements may not have been fully realized. Other contaminants such as SO2 and particulate are also falling and are approximately 1% of the allowed limits.
Chief Operating Officer Graham Dickson, responsible for design, development, installation and commissioning of the patent pending technology at the Jerritt Canyon plant, states, "The Company will bring the same expertise, focus and energy to bear on all of its environmental tasks designed to deal with present operations and residual problems from past operations."
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.
Yukon-Nevada is a gold development stage company based in Canada.
Yukon-Nevada holds various exploration projects in Canada.
Its main assets in production are JERRITT CANYON MINE, JERRITT CANYON, JERRY CANYON - UG RESOURCES, JERRY CANYON - SMITH, JERITT CANYON - PIT RESOURCES, JERRY CANYON - STARVATION, JERRY CANYON - WRIGHT WINDOW, JERRITT CANYON STOCKPILES, JERRY CANYON - SSX, JERRY CANYON - EAST SMITH, JERRY CANYON - SAVAL, JERRITT CANYON - MURRAY ZONE 9 and JERRITT CANYON-MURRAY in USA, its main asset in development is KETZA RIVER MANTO ZONE in Canada and its main exploration properties are WOLF PROPERTY, SILVER VALLEY PROPERTY, MONEY CLAIMS, KETZA - SHAMROCK ZONE and KETZA RIVER in Canada.
Its stock quote reached its lowest recent point on December 12, 2008 at CA$ 0.02, and its highest recent level on February 12, 2013 at CA$ 2.95.
Yukon-Nevada has 930 644 000 shares outstanding.