Vancouver, June 11 / PRNewswire-FirstCall / - Yukon-Nevada Gold Corp. (Toronto Stock Exchange: YNG; Frankfurt Xetra Exchange: Qb6) announced that a subsidiary, Queenstake Resources USA, Inc. ( "Queenstake" or the "Company") has taken action to have a more direct implementation of the Jerritt Canyon operation to accelerate and complete the installation of new mercury-emission-control system in its wholly owned Jerritt Canyon Mine located in Nevada, in response to the Stop Order 2009-6 issued by the Nevada Division of Environmental Protection ( "NDEP" ) last week.
Next to the NDEP Order 2009-4 due to the delay in making a fiberglass ductwork, Queenstake can not meet the deadline to complete the installation of new mercury - emission - control equipment on the Jerritt Canyon Mine by 30 May 2009. Therefore, in accordance with the NDEP Order 2009-4 and 2009-6 Order Stop NDEP received at 4:00 Friday June 5, 2009, Queenstake owned subsidiary of Yukon Nevada Gold Corp. ( "YNG"), has taken steps to focus on all operations Jerritt Canyon Mine on the completed the requirements of those orders. Orders which require the Company to comply with all the previous meet standard including air temperature emissions.
The Company will focus on all cooperation with the outside consultants are now involved in accordance with the order, and fast tracking the completion of the work required. It is estimated that this and other work needed to bring the company back to full compliance will be completed June 30. A proposed order to return to the status of fully operational license subject to the above work is being completed is prepared in parallel with work on the program.
Appointed a new President and CEO, Mr. Robert Baldock said, "To achieve this program, the Company has decided to be more actively involved in the Jerritt Canyon facilities. I ask the new Coo appointed to take over responsibility for the implementation of the operation, including supervision of staff and contractors on site it. This will give the company more control directly from the mining and milling operations, facilitating the financing of the operation and re-start from the mill and mine. "
At the same time, the Company has undertaken a significant upgrade and maintenance program that milling and ore treatment facilities to allow continuous and reliable 24 / 7 operation. This program will be enhanced to include the outstanding issues in accordance with the Company's future start-up plan to NDEP.
The Company reserves and resources at Jerritt Canyon, not accounting for dilution and mining in 2008, is 717,300 ounces of gold in proven and possible category and 1,961,100 in the measured and indicated category as reported on 16 April 2008 NI 43-101 report which can be found in the www.sedar.com or on our website here: http://www.yukon-nevadagold.com/i/pdf/Jerritt-NI430101-Apr08.pdf. In addition, there are already ounces mined and stockpiled in the run-of-mine ( "ROM") pad. ROM pad this source will enable the company to achieve throughput that is now budgeted 3300 tons per day. After the return of the grinding is sufficient to produce at least 2000 ounces of gold per week for nine months with the cost per ounce of $ 300 USD.
Mill facilities are currently licensed to treat 4,320 tpd with the potential capacity of 6000 tpd.
To ensure the operation is in progress after the ROM supplies are processed, the Company has hired a mine manager and additional staff who are planning a return to the beginning of the underground mining operations. Company mined ore will be supplemented by toll treat ore from now to identify customers that are not good or poor mill capacity in each facility. The Company is now in discussions with two "in the economic haulage distance" and the company is a combination ore resources will enable the company to achieve the most are not allowed throughput from 4320 tpd operation once again allowed to begin.
Akan ada job fair held on June 11 at 11:00 PST at the Hotel Hilton Garden Inn, 3650 East Idaho Street, Elko, Nevada.
HISTORY:
After a year-long investigation into mercury emissions, in March 2008 that ordered Queenstake Resources NDEP to install new state-of-the-art emissions control equipment in the Jerritt Canyon Mine at the end of that year. Before NDEP's order satisfied, Queenstake, by their own actions, to stop mining and ore processing in the Jerritt Canyon Mine in August 2008. Facilities remain closed while a new emission control system is designed. Queenstake and staff from the NDEP work together to complete some of the air emissions problems associated with the burning operation. YNGC designed from the new mercury control and the system is expected to control mercury and other emissions to a level below the emission standard.
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