VANCOUVER, April 16 /CNW/ - Yukon-Nevada Gold Corp. (Toronto Stock
Exchange: YNG; Frankfurt Xetra Exchange: NG6) is pleased to announce that it
has recommenced processing ore and pouring gold at its roasting facility at
Jerritt Canyon, Nevada.
The first gold pour since permission was received from the Nevada
Division of Environmental Protection (NDEP) for the restart of the milling
facility was attended by the President and CEO of Yukon-Nevada Gold Corp.
(YNG), Graham Dickson, the CFO of YNG, Shaun Heinrichs, the Investor Relations
Manager of YNG, Nicole Sanches and The COO of Golden Eagle International,
Inc.(GEII, OTCBB: MYNG) Blane Wilson. Present also were the following
representatives of YNG; Terry Eisenman, John Fox, Mary Butz, Jim Johnston,
from GEII; Chris Zerga, Mike McGhee, Curtis Casagranda, Alan Wilson, Mathew
Jones, Scott Alcorn, Ruston Hebdon, Pancho Melendez and from the Elko Daily
Free Press; Adella Harding and Ross Anderson. President and CEO Graham Dickson
was happy to see the successful culmination of a great deal of effort and hard
work expended by YNG, sub-contractor GEII and the NDEP.
CFO, Shaun Heinrichs stated that, "The reappearance of cash flow is both
exciting and invigorating. We are sure that in the coming months we will now
be able to pay down all obligations and emerge once again as a profitable gold
Graham Dickson echoed his sentiments and said, "We can now concentrate on
our plans to restart mining at Jerritt Canyon and to make further advances
towards profitable production at Ketza River in the Yukon Territory.
Ongoing permitting at Starvation Canyon, Nevada will allow the Company,
in the future, to realize an increase in the production of gold ounces at
We would also like to take this opportunity to thank the Elko community
which has been very supportive during this period as the company has strived
to reach this point of renewed profitability accompanied by a significantly
reduced environmental impact."
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 Arizona and 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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WARNING: The Company relies upon litigation protection for
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.
For further information:
For further information: Yukon-Nevada Gold Corp., Nicole Sanches,
Investor Relations Manager, Tel: (604) 688-9427, Email: email@example.com,
www.yukon-nevadagold.com; CHF Investor Relations, Jacqueline Wagenaar, Account
Manager, Tel: (416) 868-1079 ext. 289, Email: firstname.lastname@example.org,