Strong results from Yukon-Nevada Gold‘s (YNG-T) flagship property — Ketza River — in the Yukon had the Denver-based company’s shares up on a day when gold prices fell.
Results came from the company’s diamond drill program at two separate zones on the property — Shamrock and Manto.
At Shamrock the Gully Vein returned assays from 10 diamond drill holes. Highlights included: hole 1206 with a true thickness of 1.65 meters of 15.65 grams gold per tonne; hole 1220 with a true thickness of 9.65 meters of 2.90 grams gold; and hole 1237 with a true thickness of 7.8 meters of 4.89 grams gold per tonne.
Elsewhere at Shamrock the company put 16 holes into the QB Zone. Highlights included: hole 1071 with a true thickness of 2.3 meters grading 15.79 grams gold; hole 1166 returned a true thickness of 3.83 meters grading14.48 grams gold; and hole 1152 intersected 9.14 meters of 6.29 grams gold which is not a true thickness.
At the company’s Mantos project, 26 holes targeted the Hoodoo zone. Drilling there was highlighted by hole returning a true thickness of 5.19 meters grading 4.33 grams gold; while another hole returned 1.5 metres, grading 19.15 grams and 1.61 metres grading 9.94 grams gold.
The company also sunk 11 holes at Mantos’ Tarn Zone. The highlight was drill hole 1228, which contained five gold zones including one with a true thickness of 2.85 metres grading 2.26 grams gold.
The Ketza River property hosts the past producing Ketza River mine, which turned out just over 100,000 oz. of gold between 1987 and 1990.
In Toronto on Jan. 7, Yukon-Nevada Gold’s shares were up a penny to $1.57 on roughly 135,000 shares traded.
Be the first to comment on "Yukon-Nevada proves up Ketza River (January 07, 2008)"