Vancouver, BC - March 17, 2010 - Yukon-Nevada Gold Corp. (Toronto
Stock Exchange: YNG; Frankfurt Xetra Exchange:
NG6) (the "Company") is pleased to
announce the positive results of the recent stack tests at its wholly owned
subsidiary Queenstake Resources USA, Inc's Jerritt
Canyon Gold Mine.
The Company's commitment to developing mercury recovery and control
technology at its Jerritt Canyon property near
Elko, Nevada has produced positive results. Six stack tests, conducted by
an independent contractor, all showed mercury levels at approximately 50%
and SO2 levels of less than 2% of the levels allowed under the Consent
Decree recently signed with the State authorities.
Mr. Graham Dickson, the Chief Operating Officer of the Company, and
the developer of the technology stated, "The support we received from
the State in allowing us the time to develop a technology specifically
designed for Nevada applications has been key to our success. We are
continuing to optimize all of the important parameters and believe when we
do so this technology will enable us to achieve significantly lower
emission levels than those recently documented."
Mr. Robert Baldock, the Company's
President, commented, "We are clearly excited by this developing
technology and expect that it could lead Jerritt
Canyon to become an example and demonstration Alpha site for the
Patent protection for the new technology is being pursued and it is
hoped that the technology will be adopted by other companies which have
difficulties in meeting their mercury emission levels.
The Company is presently operating its Jerritt
Canyon roasting facility processing ore from its own stockpiles and from
its recently re-opened underground Smith Mine. The SSX-Steer complex is
being readied for re-opening at the end of 2010 and permitting continues
for its proposed mine at Starvation Canyon. All of these mines are on the
Jerritt Canyon property which covers 119 square miles.
The Company continues to look at opportunities to mill ore
from other properties in the near locale. The Company believes this would
enhance the profitability of the Jerritt Canyon operation.
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.
The TSX has not reviewed and
does not accept responsibility for the adequacy or accuracy of this
WARNING: The Company relies upon litigation protection for
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.