Yukon-Nevada Gold Corp. Produces 25,713 Gold Ounces in Q2
VANCOUVER, July 13, 2011 /CNW/ --
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VANCOUVER, July 13, 2011 /CNW/ - Yukon-Nevada Gold Corp. (TSX: YNG) (Frankfurt Xetra Exchange: NG6) (the 'Company') is pleased to announce that its 100% owned Jerritt
Canyon Operation has produced 25,713 ounces in Q2, comprising 7,162
ounces in April, 10,116 ounces in May and 8,435 ounces in June. Jerritt
Canyon is operated by Queenstake Resources USA Ltd., a wholly owned
subsidiary of the Company.
Robert Baldock, President and CEO, states, 'Even factoring in several
voluntary shutdown days during the month of June to facilitate the
start of our final refurbishment program at the mill, we still managed
a reasonable production level for the month.
We feel that July and August could provide similar production levels to
the Q2 months, but in September we will implement a 30 day scheduled
shutdown for the entire month to facilitate winterization
refurbishments at the mill.'
This news release was reviewed and approved by the Company's Vice
President of Exploration, Todd Johnson, M.Sc., the Qualified Person
under NI 43-101 for purposes of this release.
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
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.
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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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Yukon-Nevada Gold Corp.
Richard Moritz
Senior Director, Institutional Investor Relations
Tel: (604) 688-9427
Email: rmoritz@yngc.ca
Nicole Sanches
Investor Relations Manager
Tel: (604) 688-9427 ext 224
Email: nicole@yngc.ca
www.yukon-nevadagold.com
CHF Investor Relations
Jeanny So
Director of Operations
Tel: (416) 868-1079 ext. 225
Email: jeanny@chfir.com
www.chfir.com
AXINO AG
Wolfgang Seybold
Chairman Tel: 49 711 25 35 92 40
Email: wolfgang.seybold@axino.de
www.axino.de/