Strong results from Yukon-Nevada Gold’s (YNG-T, YNGFF-O) flagship property, Ketza River, had the Denver, Colo.-based company’s shares up recently, on a day when gold prices fell.
Results came from the company’s diamond-drill program at two separate zones on the Yukon property — Shamrock and Manto.
At Shamrock, Yukon-Nevada received assays from 10 holes on the Gully vein. Highlights included: hole 1206, with 15.65 grams gold per tonne over 1.7 metres; hole 1220, with 2.9 grams gold over 9.7 metres; and hole 1237, with 4.89 grams gold over 7.8 metres. All intersections represent true thicknesses.
Elsewhere at Shamrock, the company put 16 holes into the QB Zone. Highlights included: hole 1071, with 2.3 metres grading 15.79 grams gold; hole 1166, returning 3.8 metres grading 14.48 grams gold; and hole 1152, with 9.1 metres (not true thickness) of 6.29 grams gold.
At the company’s Mantos project, 26 holes targeted the Hoodoo zone. Drilling there was highlighted by a hole that returned 5.2 metres grading 4.33 grams gold, while another hole returned 1.5 metres at 19.15 grams and 1.6 metres of 9.94 grams gold.
The company also sunk 11 holes at the Tarn zone at Mantos. The highlight was drill hole 1228, which contained five gold zones, including one with a true thickness of 2.85 metres grading 2.9 grams gold.
The Ketza River property hosts the past-producing Ketza River mine, which turned out just over 100,000 oz. gold between 1987 and 1990.
In Toronto, Yukon-Nevada Gold’s shares were up a penny to $1.57 on roughly 135,000 shares traded. The stock has traded in a 52-week range of $1.05-2.63.
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