.4 Meters Of 40.1 g/t Gold At Jerritt Canyon Intersected
VANCOUVER, BC - Yukon-Nevada Gold Corp. has received very exciting results from underground drilling in the SSX - Steer Mine complex at Jerritt Canyon.
Underground drilling with two diamond drills (core) and a reverse circulation drill (RC) have continued to define additional resources in the SSX - Steer Complex. Since the last report 55 resource conversion holes (including both RC and Core) have been completed totaling 19,004 feet.
During this period the majority of the drilling has been on the Steer side of the mine complex. Several inferred resource areas were targeted with a diamond drill to more fully understand their nature and to establish mineral continuity. In most cases the mineralization is associated with low angled structures and has a tabular appearance within the lower portion of unit 3 of the Hanson Creek Formation. The more significant intercepts from this program include: SR-174 with 17.5 feet of 0.321 ounces of gold per ton (opt) or 11.01 grams of gold per tonne (gpt), SR-190 with 21 feet of 1.169 opt, R-183 with 17.5 of 0.604 opt, and SR-184 with 18 feet of 0.651 opt. These intercepts are either within inferred resource shape as of December 2007 or completely outside of previously defined mineralization.
Summary of Significant Intercepts
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Hole From From To To Interval Interval Au Au
ID (ft) (m) (ft) (m) (ft) (m) (opt) (g/tonne)
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SR-174 300.5 91.6 318 96.9 17.5 5.3 0.321 11.01
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SR-183 620 189 637.5 194.3 17.5 5.3 0.604 20.71
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SR-184 674 205.4 692 210.9 18 5.5 0.651 22.32
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SR-190 195 59.4 216 65.8 21 6.4 1.169 40.08
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Z71347 205 62.5 230 70.1 25 7.6 0.261 8.95
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Z71348 230 70.1 275 83.8 45 13.7 0.281 9.63
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The Company's President and CEO, Graham C. Dickson, commented, "These drill results indicate that the SSX - Steer Mine Complex will continue to produce on a long term basis and add to the Company's overall profitability."
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.
The company's address is 490-688 West Hastings Street, Vancouver BC V6B 1P1, 604.688.9427, fax: 604.688.9426, email: [email protected].