Oct 6 2010
Yukon-Nevada Gold Corp. (Toronto Stock Exchange: YNG; Frankfurt Xetra Exchange: NG6) is pleased to announce additional favorable results from its on-going 2010 drilling program at Ketza River.
The Ketza River property is wholly-owned by Yukon-Nevada Gold Corp., and it is a past gold producer located near the town of Ross River in the Yukon Territory, Canada.
The recently received assay results are from the QB Zone - Deep Induced Polarization ("IP") Target that was generated from a Titan-24 survey conducted in August of 2009. The QB Zone hosts a gold resource, as identified in the most recent NI-43-101 Technical Report dated April 14, 2008.
The geophysical survey identified a zone of chargeability and conductivity beneath the existing near-surface QB Zone resource (see Figure 1 Plan Map posted on the YNG website here: http://www.yukon-nevadagold.com/i/pdf/QBZoneDeepIP.pdf). The top of the IP anomaly starts at approximately 700 meters below the surface. The first two drill holes (KR-10-1477 and KR-10-1478) encountered significant intervals of fault zones and failed to reach their target depths (IP anomaly zones) before being lost due to very poor rock conditions.
Drill hole number KR-10-1479, was completed to 862 meters (2,827 feet) and encountered several zones of Au mineralization prior to reaching the depth of the IP target. The rock in the bottom half of this drill hole averages about 3 percent total sulfides and is sufficiently high enough to explain the IP anomaly. No intrusive rock was intersected.
Assay results, conducted by ALS Laboratory Group at their North Vancouver facility, are presented in the following table. The best intercept of the three drill holes was from KR-10-1478 which intersected 7.8 meters grading 2.53 g/t Au from 196.30 to 204.10 m. Another mineralized intercept in drill hole number KR-10-1479 from 639.52 to 640.55 m intersected 1.03 m averaging 11.60 g/t Au. Assayed intervals from drill hole KR-10-1479 contained anomalous gold throughout much of its length.