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The Business and Financial ForumTHIS SPACE OPEN FOR ADVERTISEMENT. YOU SHOULD BE ADVERTISING HERE! Revscene Wall Street.
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Yes, but I am not sure how it will be reflected with the martkets.. if recent history has taught us anything it's that investors seem to have learned to "tune out" the Greek debt crisis... so it may or may not have positive or negative implications for the markets tomorrow.
The main concern with the eurozone debt crisis was if Greece went belly up, it would trigger a chain reaction amongst other heavily indebted nations in the eurozone such as Portugal, Spain, Italy, and Ireland...
Does this mean that Greece or the other countrys are out of the woods? I doubt it very much.
__________________
Quote:
Originally Posted by jasonturbo
Follow me on Instagram @jasonturtle if you want to feel better about your life
Vancouver, BC - February 13, 2012 - Yukon-Nevada Gold Corp. (TSX: YNG) (Frankfurt Xetra Exchange: NG6) is pleased to update results from its 2011 Surface drilling program at the Mahala Project which is located at its wholly-owned Jerritt Canyon gold operation in Nevada, USA. Jerritt Canyon is operated by Queenstake Resources USA Ltd., ("Queenstake") a wholly owned subsidiary of Yukon-Nevada Gold Corp. ("YNG" or the "Company").
HIGHLIGHTS
MAH-456 (West Mahala) intersected 52.30 meters at 6.17 g/t;
MAH-459 (West Mahala) intersected 29.28 meters at 5.56 g/t;
MAH-475 (West Mahala) intersected 15.10 meters at 14.92 g/t; and
SH-1205 (East Mahala) intersected 34.16 meters at 9.98 g/t.
The Company continues to deliver exciting results from the 2011 Mahala surface drill hole assays located proximal to the SSX-Steer and Smith underground mines. These results provide further support to the Company position that the area between the Smith and SSX-Steer mines is strongly mineralized. The Mahala project consists of East Mahala, Mahala, and West Mahala that continue to exhibit outstanding exploration potential for the delineation of additional resources and reserves. West Mahala is growing into a significantly sized mineralized zone.
Table 1. Significant 2011 Drill Hole Assay Results from East Mahala.
Hole ID
(Mining Zone) From
Feet (ft)
Meters (m) To
Feet (ft)
Meters (m) Length
Feet (ft)
Meters (m) Gold Grade
SH-1205
(Zone 9) 866.0 ft
264.13 m 978.0 ft
298.29 m 112.0 ft
34.16 m 0.291 opt
9.98 g/t
EM-128
(Zone 4) 900.0 ft
274.50 m 940.0 ft
286.70 m 40.0 ft
12.20 m 0.120 opt
4.11 g/t
Notes:
(1) Gold grade reported in Troy ounces per ton (opt) and grams per tonne (g/t)
(2) No Significant Assays: EM-127
(3) Assays Pending: SH-1204, SH-1209, EM-122
(4) Diamond core holes not drilled: EM-125 and EM-129
Table 2. Significant 2011 Drill Hole Assay Results from Mahala.
Hole ID
(Mining Zone) From
Feet (ft)
Meters (m) To
Feet (ft)
Meters (m) Length
Feet (ft)
Meters (m) Gold Grade
MAH-447
(Zone 8 Smith) 695.0 ft
211.97 m 700.0 ft
213.50 m 5.0 ft
1.52 m 0.301 opt
10.32 g/t
Notes:
(1) Gold grade reported in Troy ounces per ton (opt) and grams per tonne (g/t)
(2) Assays Pending: SH-1213
Table 3. Significant 2011 Drill Hole Assay Results from West Mahala.
Hole ID From
Feet (ft)
Meters (m) To
Feet (ft)
Meters (m) Length
Feet (ft)
Meters (m) Gold Grade
MAH-456
(W. Mahala) 1041.5 ft
317.66 m 1213.0 ft
369.96 m 171.5 ft
52.30 m 0.180 opt
6.17 g/t
MAH-459
(W. Mahala) 1065.0 ft
324.82 m 1161.0 ft
354.10 m 96.0 ft
29.28 m 0.162 opt
5.56 g/t
MAH-466
(W. Mahala) 1029.5 ft
314.00 m 1090.0 ft
332.45 m 60.5 ft
18.45 m 0.117 opt
4.01 g/t
MAH-471
(W. Mahala) 958.0 ft
292.19 m 1007.0 ft
307.13 m 49.0 ft
14.94 m 0.230 opt
7.89 g/t
MAH-471
(W. Mahala) 1033.0 ft
315.06 m 1043.0 ft
318.11 m 10.0 ft
3.05 m 0.106 opt
3.64 g/t
MAH-475
(W. Mahala) 1212.0 ft
369.66 m 1261.5 ft
384.76 m 49.5 ft
15.10 m 0.435 opt
14.92 g/t
Notes:
(1) Gold grade reported in Troy ounces per ton (opt) and grams per tonne (g/t)
(2) No Significant Assays: MAH-473
Geologic and Engineering modeling are in progress to update the resources and reserves in the Mahala Project area and will be included in an NI 43-101 Technical Report scheduled to be completed in April 2012.
In mid-January substantial snowfall occurred at higher elevations throughout the Jerritt Canyon property. This prompted suspension of surface drilling operations until the upcoming spring/summer 2012 field season. Underground diamond drilling continues at the Smith mine.
The Mahala surface drill hole assay results listed in this press release are those that were not included in the previous press release dated January 11, 2012. Details of the geology and mining zones for the present drill hole assay results are included in the previous press release.
Assaying of all samples from the 2011 surface drill program reported in this news release were conducted by ALS Laboratory Group in Reno, Nevada using standard fire assay techniques. Assay intercepts are reported as drilled. True widths have not yet been calculated; given the geometry of the mineralization at Jerritt Canyon, the concept of true width is not always meaningful before delineation drilling has been completed. The company's 2010 and 2011 Quality Assurance and Quality Control protocols are available at the Company's website: http://www.yukon-nevadagold.com/i/pd..._Protocols.pdf
The information in this news release was compiled and reviewed by William Hofer B.Sc., Chief Geologist, Jerritt Canyon Mine. The information contained in this news release has been reviewed and approved by the Company's Vice President of Exploration, Todd Johnson, M.Sc. (Qualified Person per the requirements of NI 43-101).
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 properties.
Good news IMO... see how the markets feel in 5 minutes.
__________________
Quote:
Originally Posted by jasonturbo
Follow me on Instagram @jasonturtle if you want to feel better about your life
Last edited by jasonturbo; 02-13-2012 at 05:24 AM.
Vancouver, BC - February 13, 2012 - Yukon-Nevada Gold Corp. (TSX: YNG) (Frankfurt Xetra Exchange: NG6) is pleased to update results from its 2011 Surface drilling program at the Mahala Project which is located at its wholly-owned Jerritt Canyon gold operation in Nevada, USA. Jerritt Canyon is operated by Queenstake Resources USA Ltd., ("Queenstake") a wholly owned subsidiary of Yukon-Nevada Gold Corp. ("YNG" or the "Company").
HIGHLIGHTS
MAH-456 (West Mahala) intersected 52.30 meters at 6.17 g/t;
MAH-459 (West Mahala) intersected 29.28 meters at 5.56 g/t;
MAH-475 (West Mahala) intersected 15.10 meters at 14.92 g/t; and
SH-1205 (East Mahala) intersected 34.16 meters at 9.98 g/t.
The Company continues to deliver exciting results from the 2011 Mahala surface drill hole assays located proximal to the SSX-Steer and Smith underground mines. These results provide further support to the Company position that the area between the Smith and SSX-Steer mines is strongly mineralized. The Mahala project consists of East Mahala, Mahala, and West Mahala that continue to exhibit outstanding exploration potential for the delineation of additional resources and reserves. West Mahala is growing into a significantly sized mineralized zone.
Table 1. Significant 2011 Drill Hole Assay Results from East Mahala.
Hole ID
(Mining Zone) From
Feet (ft)
Meters (m) To
Feet (ft)
Meters (m) Length
Feet (ft)
Meters (m) Gold Grade
SH-1205
(Zone 9) 866.0 ft
264.13 m 978.0 ft
298.29 m 112.0 ft
34.16 m 0.291 opt
9.98 g/t
EM-128
(Zone 4) 900.0 ft
274.50 m 940.0 ft
286.70 m 40.0 ft
12.20 m 0.120 opt
4.11 g/t
Notes:
(1) Gold grade reported in Troy ounces per ton (opt) and grams per tonne (g/t)
(2) No Significant Assays: EM-127
(3) Assays Pending: SH-1204, SH-1209, EM-122
(4) Diamond core holes not drilled: EM-125 and EM-129
Table 2. Significant 2011 Drill Hole Assay Results from Mahala.
Hole ID
(Mining Zone) From
Feet (ft)
Meters (m) To
Feet (ft)
Meters (m) Length
Feet (ft)
Meters (m) Gold Grade
MAH-447
(Zone 8 Smith) 695.0 ft
211.97 m 700.0 ft
213.50 m 5.0 ft
1.52 m 0.301 opt
10.32 g/t
Notes:
(1) Gold grade reported in Troy ounces per ton (opt) and grams per tonne (g/t)
(2) Assays Pending: SH-1213
Table 3. Significant 2011 Drill Hole Assay Results from West Mahala.
Hole ID From
Feet (ft)
Meters (m) To
Feet (ft)
Meters (m) Length
Feet (ft)
Meters (m) Gold Grade
MAH-456
(W. Mahala) 1041.5 ft
317.66 m 1213.0 ft
369.96 m 171.5 ft
52.30 m 0.180 opt
6.17 g/t
MAH-459
(W. Mahala) 1065.0 ft
324.82 m 1161.0 ft
354.10 m 96.0 ft
29.28 m 0.162 opt
5.56 g/t
MAH-466
(W. Mahala) 1029.5 ft
314.00 m 1090.0 ft
332.45 m 60.5 ft
18.45 m 0.117 opt
4.01 g/t
MAH-471
(W. Mahala) 958.0 ft
292.19 m 1007.0 ft
307.13 m 49.0 ft
14.94 m 0.230 opt
7.89 g/t
MAH-471
(W. Mahala) 1033.0 ft
315.06 m 1043.0 ft
318.11 m 10.0 ft
3.05 m 0.106 opt
3.64 g/t
MAH-475
(W. Mahala) 1212.0 ft
369.66 m 1261.5 ft
384.76 m 49.5 ft
15.10 m 0.435 opt
14.92 g/t
Notes:
(1) Gold grade reported in Troy ounces per ton (opt) and grams per tonne (g/t)
(2) No Significant Assays: MAH-473
Geologic and Engineering modeling are in progress to update the resources and reserves in the Mahala Project area and will be included in an NI 43-101 Technical Report scheduled to be completed in April 2012.
In mid-January substantial snowfall occurred at higher elevations throughout the Jerritt Canyon property. This prompted suspension of surface drilling operations until the upcoming spring/summer 2012 field season. Underground diamond drilling continues at the Smith mine.
The Mahala surface drill hole assay results listed in this press release are those that were not included in the previous press release dated January 11, 2012. Details of the geology and mining zones for the present drill hole assay results are included in the previous press release.
Assaying of all samples from the 2011 surface drill program reported in this news release were conducted by ALS Laboratory Group in Reno, Nevada using standard fire assay techniques. Assay intercepts are reported as drilled. True widths have not yet been calculated; given the geometry of the mineralization at Jerritt Canyon, the concept of true width is not always meaningful before delineation drilling has been completed. The company's 2010 and 2011 Quality Assurance and Quality Control protocols are available at the Company's website: http://www.yukon-nevadagold.com/i/pd..._Protocols.pdf
The information in this news release was compiled and reviewed by William Hofer B.Sc., Chief Geologist, Jerritt Canyon Mine. The information contained in this news release has been reviewed and approved by the Company's Vice President of Exploration, Todd Johnson, M.Sc. (Qualified Person per the requirements of NI 43-101).
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 properties.
Good news IMO... see how the markets feel in 5 minutes.
Good news for sure, more expansion possibility, yet, not much movement in the share price. The more news I see, the more I feel this is just a buy and hold - once they have two good quarters back to back people are going to go nuts over this company. If the shares go back below $.40, I'm going to double my position.
Mark
__________________ I'm old now - boring street cars and sweet race cars.
I am amazed that YNG releases news that they have more inferred resource on the property (quite a bit) and no change in the share price whatsoever!
Mark
Management made one key mistake in purchasing third party ore, then the BOD rejected the capex budget and delayed much needed repairs to the roaster... those two actions are what really hurt the share price.
Sooner or later investors will take notice, maybe it will take a quarter or two, but when it happens, I expect some very sharp increases in share value.
Adding to the resource base is great news, the company "on paper" looks to be very profitable in the future, and knowing they have the resources to keep the mine operating in the long term is news that IMO did not receive the praise it deserves.
__________________
Quote:
Originally Posted by jasonturbo
Follow me on Instagram @jasonturtle if you want to feel better about your life
Anybody have any thoughts on VGZ? They are not yet producing but tons and tons of measured & indicated gold (necessary caveat: their gold is relatively low grade but still appears to be easily capable of providing returns).
I'm also looking at LYD, a bit scarier part of the world (Middle East) but much closer to production and appears ready for a buyout... several intelligent suitors in the region.
Mark
__________________ I'm old now - boring street cars and sweet race cars.
Dumped my ROG this morning at 2.18 for a tiday 10% profit... on top of the 10% I made on it last week.. good day for me!
Also loaded up on YNG, now holding 140k shares... I have a lot of faith in this one.
CLL also increased my position by 15k shares.
Really interested in adding some potash and uranium to my portfolio... AAA and UUU are the risky plays, POT and CCO are the safe ones...
Whoa so the fear is gone! Was watching CLL and YNG again today. CLL went no where and YNG I saw went down to 39 in late trading. Might have to jump in again on YNG
Okay, almost 20% of the portfolio on YNG... betting big! Paid a little too much, bought at $0.40 today, down to $0.39, but such is life. Looking for other options to diversify... I'm starting to like VGZ more and more, but they are still 2 years from production, not sure if I'm willing to wait that long. What's everybody else looking at?
Mark
__________________ I'm old now - boring street cars and sweet race cars.
RIMM is a disaster, would be the comeback story of the decade if they can turn that bad oscar around.
AAPL is bullshit, why invest in AAPL when there is many other companys out there worth piles of money with strong growth potential.. that pay dividends!!!!!
__________________
Quote:
Originally Posted by jasonturbo
Follow me on Instagram @jasonturtle if you want to feel better about your life
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The banners on the left side and below do not show for registered users!
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Y U NO PAY YOUR TAXES JASON???
