VANCOUVER, Jan. 27, 2012 /CNW/ - Yukon-Nevada Gold Corp. (TSX: YNG) (Frankfurt Xetra Exchange: NG6) is pleased to announce that it has completed construction work on a new
ore dryer and fine-crushing conveying system as well as maintenance
upgrades to the roasting facility at its wholly-owned Jerritt Canyon
gold operation in Nevada, USA. Commissioning of the milling facility is
currently underway, which includes trial operation of new and
refurbished equipment, as well as testing, calibration and optimization
of new monitoring systems. Jerritt Canyon is operated by Queenstake
Resources USA Ltd., ("Queenstake") a wholly-owned subsidiary of
Yukon-Nevada Gold Corp. ("YNG" or the "Company").
The shutdown was initiated on January 6, 2012 in order to complete a
winterization and refurbishment program which included constructing a
new drying facility and reconfiguring the conveying system in fine
crushing. During the shutdown, the old dryer was replaced with a new
ore dryer closer to the front end of the circuit. In addition, a new
Distributed Control System ("DCS") was installed for the entire plant.
Commissioning of the new ore dryer, fine-crushing conveying, and the
DCS commenced on January 23, 2012.
During the shutdown significant maintenance was completed on the rest of
the roasting facility. A new quench tank was installed for the East
Roaster which is one of the final requirements for compliance with the
Consent Decree. Other maintenance items completed include:
realignment of the crushing conveyors;
rebuild of the thickener rakes;
rebuild of the OSEPA particle-sizing system;
replacement of the pinion on the ball mill;
replacement of the feed-end of the ball mill;
replacement of portions of the dust-control ventilation system;
replacement of airslides feeding the roasters;
clean-out of the roasters and some refractory repair;
replacement and repair of the fine ore bin conveyor and belt;
rebuild of the CIL carbon screens;
replacement of the retort and furnace in the refinery; and
replacement of some key components in the oxygen plant.
Randy Reichert, Chief Operating Officer commented, "We are currently in
the commissioning stage of the milling facility refurbishment. The
construction and maintenance work plan went well with only slight
delays arising from high winds during the latter part of the shutdown.
We were able to take advantage of the shutdown to complete substantial
maintenance in all areas of the mill that had previously been giving us
problems and causing significant downtime. When we are finished
commissioning we are confident that we will have a plant that can run
at capacity and can meet our production targets."
Please visit our website to view photos of the upgrades at Jerritt
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
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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.
SOURCE Yukon-Nevada Gold Corp.
For further information:
Yukon-Nevada Gold Corp.
Senior Director, Institutional Investor Relations
Tel: (604) 688-9427
Investor Relations Manager
Tel: (604) 688-9427 ext 224
CHF Investor Relations
Director of Operations
Tel: (416) 868-1079 ext. 225
Tel: +49 711 25 35 92 40