Dear Subscriber, |
September 24, 2007 |
YUKON-NEVADA GOLD CORP.� REPORTS ON ENCOURAGING RESULTS AT MAHALA CREEK, JERRITT CANYON
Vancouver, Canada - September 24, 2007 - Yukon-Nevada Gold Corp. (Toronto Stock Exchange: YNG; Frankfurt Xetra Exchange: NG6) announces results of its exploration drilling in the Mahala Creek area at its wholly owned, gold production Jerritt Canyon property in Nevada, USA.
Exploration Update - Mahala Area
Exploration drills were mobilized in late July 2007 to the Mahala creek drainage area and results to date have been encouraging.�� High points of the assay results received to date are MAH-344, MAH-349, MAH-361 and MAH-362.�� Intervals for these holes are listed in the table:
Drill Hole |
From |
To |
Thickness |
Grade |
Number |
ft |
(m) |
ft |
(m) |
ft |
(m) |
Opt |
g/t |
MAH-343 |
|
|
|
|
|
|
NIL |
|
MAH-299 |
855 |
260.7 |
860 |
262.2 |
5 |
1.5 |
0.257 |
8.81 |
MAH-344 |
850 |
259.1 |
885 |
269.8 |
35 |
10.7 |
0.371 |
12.72 |
MAH-345 |
865 |
263.7 |
870 |
265.2 |
5 |
1.5 |
0.164 |
5.62 |
MAH-346 |
|
0.0 |
|
0.0 |
|
0.0 |
NIL |
|
MAH-347 |
|
0.0 |
|
0.0 |
|
0.0 |
NIL |
|
MAH-348 |
|
0.0 |
|
0.0 |
|
0.0 |
NIL |
|
MAH-349 |
760 |
231.7 |
770 |
234.8 |
10 |
3.0 |
0.306 |
10.49 |
� |
780 |
237.8 |
840 |
256.1 |
60 |
18.3 |
0.336 |
11.52 |
� |
850 |
259.1 |
865 |
263.7 |
15 |
4.6 |
0.228 |
7.82 |
� |
|
|
|
|
|
|
|
|
MAH-350 |
500 |
152.4 |
505 |
154.0 |
5 |
1.5 |
0.194 |
6.65 |
� |
635 |
193.6 |
640 |
195.1 |
5 |
1.5 |
0.341 |
11.69 |
� |
|
|
|
|
|
|
|
|
MAH-361 |
810 |
247.0 |
830 |
253.0 |
20 |
6.1 |
0.178 |
6.10 |
� |
855 |
260.7 |
870 |
265.2 |
15 |
4.6 |
0.243 |
8.33 |
� |
|
|
|
|
|
|
|
|
MAH-362 |
820 |
250.0 |
845 |
257.6 |
25 |
7.6 |
0.172 |
5.90 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mahala Basin drill hole� |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MAH-352 |
1020 |
311.0 |
1030 |
314.0 |
10 |
3.0 |
0.214 |
7.34 |
The favorable results from MAH-344, MAH-361 and MAH-362 are expected to add to the resource west of the 2006 resource shapes.� Drill hole MAH-349 had three intervals greater than 0.150 Opt (5.14 g/t) in the eastern edge of the Mahala extension resource.� Combined, the intervals in MAH-349 are significantly thicker than the resource as modeled year-end 2006 and should expand that resource.
Step-out exploration drilling along the Mahala structural trend� cut 10 feet (3.0m) at a grade of 0.214 Opt (7.34 g/t) some 3,000 feet (915 m) west of the Mahala resource in� hole MAH-352.�� Drilling to date in this area is very widely spaced. Follow up drilling will continue to explore this trend.
Assays from the reverse circulation surface exploration holes reported in this news release were by ALS Chemex, North Vancouver, B.C.� and by the Company's assay laboratory at the Jerritt Canyon Mine, using standard fire assay techniques.� The Company's Quality Assurance and Quality Control protocols are available in the Company's NI 43-101 Technical Report dated May 1st, 2007 and available on www.sedar.com.� Intercepts are reported as drilled.� True widths have not yet been calculated; given the geometry of mineralization at Jerritt Canyon, the concept of true width is not always meaningful before delineation drilling has been completed.� This News Release was reviewed and approved by the Company's Executive Vice President-Exploration, Dorian L. (Dusty) Nicol, M.Sc., P.Geo., the Qualified Person for purposes of this release.
If you would like to receive press releases via email please contact nicole@yngc.ca and specify "Yukon-Nevada Gold Corp. releases" in the subject line.
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.
�
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