Yukon-Nevada Gold Corp. signs ore treatment agreement with Gold Hill
Reclamation and Mining Corporation
GHRMC has commenced the haulage of an average 800 tons of ore per day from its property in Idaho to Jerritt Canyon, Nevada where Queenstake will immediately commence treatment of the ore. Queenstake has agreed to process an average of 800 tons of ore per day at a price of USD
This agreement to treat GHRMC ore furthers the company's stated plan of processing custom ores through its Elko facility while it ramps up production from its own mines. The Smith mine is presently being rehabilitated and is expected to produce ore for the milling facility at the beginning of January. The Smith mine is being operated by Small Mine Development, LLC as per the news release dated
Production of gold from custom milled ores, from previously stockpiled ores and from ores mined from the Smith mine, and later next year from the SSX mine, will enable the Jerritt Canyon facility to be more fully utilized and allow Queenstake to target ever higher gold production.
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
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For further information: Yukon-Nevada Gold Corp., Nicole Sanches, Investor Relations Manager, Tel: (604) 688-9427 ext 224, Email: [email protected], www.yukon-nevadagold.com; CHF Investor Relations, Jeanny So, Director of Operations, Tel: (416) 868-1079 ext. 225, Email: [email protected], www.chfir.com
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