GOLD MINING: Jerritt Canyon resumes production

NEVADA — Vancouver-based Yukon-Nevada Gold announced the restart of its Jerritt Canyon plant 80 km from Elko with a gold pour earlier this month. The mine and mill is wholly owned and operated by Yukon-Nevada subsidiary Queenstake Resources. The operation was suspended on June 1, 2009, when the company failed to meet the deadline for installing new mercury emissions control equipment.

That equipment has now been successfully installed, and both mining and mineral processing officially resumed on Oct. 15. Jerritt Canyon is expected to produce 150,000 oz of gold in the first full year of operation at a cash cost of US$465/oz. Both the Smith and SSX mine are supplying ore to the Jerritt Canyon mill.

Yukon-Nevada says there are proven and probable reserves of 592.6 million averaging 7.8 g/t Au tonnes. That translates to 717,300 contained ounces.

Complete information about Jerritt Canyon is available at www.Yukon-NevadaGold.com.