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 Projects Overview
Jerritt Canyon
Ketza River Manto Zone
Ketza Shamrock
Silver Valley Property
Wolf Property
Money Property Yukon-Nevada Gold Corp. 490-688 West Hastings Street Vancouver BC V6B 1P1 Canada Tel: 604.688.9427 Fax: 604.688.9426 Email: nicole@yngc.ca
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 Resource
Table 1. KETZA RIVER MEASURED & INDICATED RESOURCE
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Deposit/Mine |
MEASURED |
INDICATED |
MEASURED & |
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| K Tonne |
g/t | K Oz |
K Tonne |
g/t | K Oz |
K Tonne |
g/t | K Oz |
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Pit Resources |
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Peel-Break |
303.2 | 7.17 | 69.8 | 1,878.6 | 5.14 | 310.6 | 2,181.8 | 5.42 | 380.5 |
Penguin-Lab-Hoodoo |
205.2 | 7.70 | 50.8 | 567.7 | 3.56 | 65.0 | 772.9 | 4.66 | 115.8 |
Shamrock (Gully-QB-3m) |
182.5 | 3.65 | 21.4 | 519.6 | 3.58 | 59.8 | 702.1 | 3.60 | 81.2 |
Tarn |
- | - | 54.6 | 4.26 | 7.5 | 54.6 | 4.26 | 7.5 | |
Subtotal |
690.9 | 6.39 | 142.0 | 3,020.5 | 4.56 | 442.9 | 3,711.4 | 4.90 | 584.9 |
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U/G Resources |
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Peel-Break |
2.0 | 4.34 | 0.3 | 98.9 | 5.73 | 18.2 | 100.9 | 5.70 | 18.5 |
Penguin-Lab-Hoodoo |
18.5 | 6.78 | 4.0 | 70.7 | 5.05 | 11.5 | 89.2 | 5.40 | 15.5 |
Shamrock (Gully-QB-3m) |
0.8 | 3.78 | 0.1 | 175.8 | 4.74 | 26.8 | 176.6 | 4.74 | 26.9 |
Tarn |
- | - | 3.6 | 4.92 | 0.6 | 3.6 | 4.92 | 0.6 | |
Subtotal |
21.3 | 6.43 | 4.4 | 349.0 | 5.09 | 57.1 | 370.3 | 5.17 | 61.5 |
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Total All Sources |
712.2 | 6.40 | 146.5 | 3,369.5 | 4.61 | 499.9 | 4,081.7 | 4.93 | 646.4 |
Table 2. KETZA RIVER INFERRED RESOURCE
DECEMBER 2007
Deposit/Mine |
INFERRED |
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| K Tonne |
g/t | K Oz |
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| Pit Resources (1 g/t Cutoff) | |||
| Peel-Break | 298.1 | 2.79 | 26.7 |
| Penguin-Lab-Hoodoo | 188.1 | 2.33 | 14.1 |
| Shamrock (Gully-QB-3m) | 229.7 | 2.83 | 20.9 |
| Tarn | 46.3 | 2.20 | 3.3 |
| Subtotal | 762.2 | 2.65 | 65.0 |
| U/G Resources (3 g/t cutoff) | |||
| Peel-Break | 27.6 | 3.72 | 3.3 |
| Penguin-Lab-Hoodoo | 59.9 | 4.14 | 8.0 |
| Shamrock (Gully-QB-3m) | 225.9 | 5.03 | 36.5 |
| Tarn | - | - | - |
| Subtotal | 313.4 | 4.74 | 47.8 |
| Total All Sources | 1,075.6 | 3.26 | 112.8 |
A cut-off grade of 1.0 gpt has been used for shapes that are believed to be amenable to eventual open-pit mining (see note) while a cut-off of 3.0 gpt has been applied to resource shapes that would have to be mined from underground. In addition, most gold mineralization has been tightly constrained geologically using structural and stratigraphic features established by mining records and 3-dimensional geologic analysis; the nature of these geologic constraints, has to a great extent, been the result of work carried out on the property during 2007.
This resource estimate was prepared by Yukon-Nevada Gold geologic staff and Russ White of SRK under the supervision of the Company's Executive Vice President -- Exploration, Dorian L. (Dusty) Nicol, who is a qualified person under N.I. 43-101. This estimate has been reviewed and approved by Russ White of SRK who is the qualified person. SRK prepared a 43-101 Technical Report incorporating these results completed in April 2008.
Note: In order to establish potential surface mineability, pit shells were created using a Lerchs-Grossmann algorithm at $1,000 USD per ounce gold price and basic cost and recovery criteria as recommended by SRK Consulting (US), Inc. which include $12/tonne process costs, $2.82/tonne mining costs, 85% metallurgical recovery, and 45 degree pit slopes.
Cautionary Note to U.S. Investors concerning estimates of Measured, Indicated and Inferred Resources
This document uses the terms "measured and indicated resources". The Company advises U.S. investors that while these terms are recognized and required by Canadian regulations, the SEC does not recognize them. U.S. investors are cautioned not to assume that any part or all of mineral deposits in this category will ever be converted into reserves.
This document also uses the term "inferred resources". The Company advises U.S. investors that while this term is recognized and required by Canadian regulations, the SEC does not recognize it. "Inferred resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of a feasibility or other economic study. U.S. investors are cautioned not to assume that any part or all of an inferred resource exists or is economically or legally minable.
Mineral Reserve Terminology: Canadian and U.S. Differences
The Company is organized under the laws of British Columbia, Canada. The mineral reserves and resources described here are estimates and have been prepared in compliance with National Instrument 43-101 of the Canadian Securities Administrators. The definitions of proven and probable reserves used in National Instrument 43-101 differ from the definitions in the United States Securities and Exchange Commission ("SEC") Industry Guide 7.
©2007 Yukon-Nevada Gold Corp.