Mineralization Extended At SSX Mines/Steer Mine

VANCOUVER, BC - Yukon-Nevada Gold Corp. reported further important results from its exploration drilling in the SSX Mine/Steer Mine area at its wholly owned, gold production Jerritt Canyon property in Nevada, USA. Drilling from surface and underground has continued to extend mineralization.
At the Steer Zone additional drilling in the hanging wall of the Husky Fault has continued to intersect gold mineralization outside of existing resources. Here mineralization is commonly associated with the contact between units 3 and 4 of the Hanson Creek Formation, a common ore host throughout the Jerritt Canyon District. Underground drillholes Z54586 and Z54588 hit mineralization at this contact, well outside of the currently defined resource.
At the Pattani Zone surface and underground drilling was conducted to follow up on high grade mineralization discovered in the Pattani Zone drill hole Z53987 which intersected 35 feet of 0.735 ounces of gold per ton (opt)and drill hole SR-142 which intersected 42 feet of 0.513 opt. The follow up drilling consisted of one reverse circulation (RC) and three core holes drilled from surface. Two of these holes including the RC hole failed to cut any significant mineralization; downhole surveying indicates that they deviated and missed the drill target. SC-1370AC hit 19.5 feet of 0.414opt north of the previously defined inferred resource. Assays are pending for the remaining surface core hole. Two underground core holes were also drilled north of the inferred resource shape. SR-164 hit 24 feet of 0.508opt within the Pattani Zone. Assays are pending for the remaining underground core holes.
The company's address is 490-688 West Hastings Street, Vancouver BC V6B 1P1, 604.688.9427, fax: 604.688.9426, email: [email protected].