Yukon-Nevada Gold Corp. announced results from its 2011 surface drilling program at the Starvation Canyon Project which is located at its wholly-owned Jerritt Canyon gold operation in Nevada, USA.

Jerritt Canyon is operated by Queenstake Resources USA Ltd., a wholly owned subsidiary of Yukon-Nevada Gold Corp.

Highlights

• TJ-366 intersected 28.97 meters at 18.86 g/t gold;
• TJ-364A intersected 9.15 meters at 7.68 g/t gold; and
• TJ-367 intersected 7.63 meters at 6.31 g/t gold.

The Company initiated a 130,000 foot surface drilling program at Jerritt Canyon in 2011 that tested multiple projects throughout the Company's 119 square mile land position. The program was designed to either explore for and/or to convert resources to reserves that are amenable to either open pit or underground mining methods.

This press release updates the 2011 surface program at the Starvation project. The program consisted of a ground geophysical survey, surface diamond drilling geotechnical drilling, and surface reverse circulation drilling that targeted conversion and expansion of resources within and proximal to the current underground resource. In addition two water monitor wells were established to enable regulatory permit compliance in advance of initiating the planned underground mine development in April, 2012.

Surface plan maps illustrating the geophysical grid, drill hole locations, as well as a drill hole assay summary table can be found on the Company website here http://www.yukon-nevadagold.com/i/pdf/StarvationDrillingMaps_2011.pdf and here http://www.yukon-nevadagold.com/i/pdf/StarvationDrillAssayResults_2011.pdf 

More information, click here.

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