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Dear Subscriber,
February 13, 2012
Yukon-Nevada Gold Corp. Drills 52.30 m Grading 6.17 g/t from West Mahala, Jerritt Canyon, Nevada Vancouver, BC � February 13, 2012 � Yukon-Nevada Gold Corp. (TSX: YNG) (Frankfurt Xetra Exchange: NG6) is pleased to update results from its 2011 Surface drilling program at the Mahala Project which is located at its wholly-owned Jerritt Canyon gold operation in Nevada, USA. Jerritt Canyon is operated by Queenstake Resources USA Ltd., (�Queenstake�) a wholly owned subsidiary of Yukon-Nevada Gold Corp. (�YNG� or the �Company�). HIGHLIGHTS� MAH-456 (West Mahala) intersected 52.30 meters at 6.17 g/t;� MAH-459 (West Mahala) intersected 29.28 meters at 5.56 g/t;� MAH-475 (West Mahala) intersected 15.10 meters at 14.92 g/t; and� SH-1205 (East Mahala) intersected 34.16 meters at 9.98 g/t.The Company continues to deliver exciting results from the 2011 Mahala surface drill hole assays located proximal to the SSX-Steer and Smith underground mines. These results provide further support to the Company position that the area between the Smith and SSX-Steer mines is strongly mineralized. The Mahala project consists of East Mahala, Mahala, and West Mahala that continue to exhibit outstanding exploration potential for the delineation of additional resources and reserves. West Mahala is growing into a significantly sized mineralized zone. The additional results of the drill program received as of January 31, 2012 are shown in Tables 1 to 3. Surface plan maps illustrating drill hole locations and an assay summary table can be found on the Company website here: http://www.yukon-nevadagold.com/i/pdf/WMahalaSurExplUpdateMaps_2011.pdf and here: http://www.yukon-nevadagold.com/i/pdf/WMahalaSurExplDrillAssayResults_2011.pdf
Geologic and Engineering modeling are in progress to update the resources and reserves in the Mahala Project area and will be included in an NI 43-101 Technical Report scheduled to be completed in April 2012. In mid-January substantial snowfall occurred at higher elevations throughout the Jerritt Canyon property. This prompted suspension of surface drilling operations until the upcoming spring/summer 2012 field season. Underground diamond drilling continues at the Smith mine.The Mahala surface drill hole assay results listed in this press release are those that were not included in the previous press release dated January 11, 2012. Details of the geology and mining zones for the present drill hole assay results are included in the previous press release. Assaying of all samples from the 2011 surface drill program reported in this news release were conducted by ALS Laboratory Group in Reno, Nevada using standard fire assay techniques. Assay intercepts are reported as drilled. True widths have not yet been calculated; given the geometry of the mineralization at Jerritt Canyon, the concept of true width is not always meaningful before delineation drilling has been completed. The company�s 2010 and 2011 Quality Assurance and Quality Control protocols are available at the Company�s website: http://www.yukon-nevadagold.com/i/pdf/JC_Assay_Protocols.pdf The information in this news release was compiled and reviewed by William Hofer B.Sc., Chief Geologist, Jerritt Canyon Mine. The information contained in this news release has been reviewed and approved by the Company�s Vice President of Exploration, Todd Johnson, M.Sc. (Qualified Person per the requirements of NI 43-101). 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.For more information please contact:
Yukon-Nevada Gold Corp.Richard Moritz Senior Director, Institutional Investor RelationsTel: (604) 688-9427Email: rmoritz@yngc.ca
CHF Investor RelationsJeanny SoDirector of OperationsTel: (416) 868-1079 ext. 225Email: jeanny@chfir.comwww.chfir.com
AXINO AGWolfgang SeyboldChairmanTel: +49 711 25 35 92 40Email: wolfgang.seybold@axino.dewww.axino.de
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.
| Send to a Friend | Update Profile | Privacy Policy� Yukon-Nevada Gold Corp.Yukon-Nevada Gold Corp. - 900 - 688 West Hastings St. V6B 1P1, Vancouver BC
Yukon-Nevada est une société développant des projet miniers d'or basée au Canada.
Yukon-Nevada détient divers projets d'exploration au Canada.
Ses principaux projets en production sont JERRITT CANYON MINE, JERRITT CANYON, JERRITT CANYON-MURRAY, JERRITT CANYON - MURRAY ZONE 9, JERRY CANYON - SSX, JERRY CANYON - EAST SMITH, JERRY CANYON - SAVAL, JERRY CANYON - STARVATION, JERRY CANYON - WRIGHT WINDOW, JERRITT CANYON STOCKPILES, JERRY CANYON - UG RESOURCES, JERRY CANYON - SMITH et JERITT CANYON - PIT RESOURCES en USA, son principal projet en développement est KETZA RIVER MANTO ZONE au Canada et ses principaux projets en exploration sont WOLF PROPERTY, MONEY CLAIMS, SILVER VALLEY PROPERTY, KETZA - SHAMROCK ZONE et KETZA RIVER au Canada.
La valeur de son action a atteint son plus bas niveau récent le 12 décembre 2008 à 0,02 CA$, et son plus haut niveau récent le 12 février 2013 à 2,95 CA$.
Yukon-Nevada possède 930 644 000 actions en circulation.