Yukon-Nevada Gold Corp TSX:YNG announced drill results from its Ketza River Property in Yukon. Assays include 24.45 g/t gold over 2.2 metres, 2.61 g/t over 1.7 metres, 3.99 g/t over 4.5 metres, 4.48 g/t over 1.6 metres, 2.52 g/t over 1 metre, 2.83 g/t over 1.5 metres and 8.09 g/t over 2.4 metres. Ketza River is a past producer and is located near the town of Ross River.
The company also announced an $8.5 million non-brokered, flow-through private placement to sell up to 10 million common shares at $0.85 per. Proceeds of the placement will be used towards exploration at Ketza River and Yukon-Nevada’s Silver Valley Property, located approximately six kilometres from Ketza River.
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or Nicole Sanches
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by Ted Niles