Veris Gold Corp. (VG)

[basserdan]

Yukon-Nevada Gold Corp. reports an exciting new target at Ketza River

Tuesday September 25, 3:09 pm ET

VANCOUVER, Sept. 25 /CNW/ - Yukon-Nevada Gold Corp. (YNG.TO - YNGFF) announces results from its drilling program at the Hoodoo, Penguin, Lab and Nose Zones all parts of the Ketza River Mine Manto Gold Zone on the wholly-owned, past producing, Ketza River property located near Ross River, in the Yukon Territory, Canada. All drill holes referenced in this news release are diamond drill holes.

Hoodoo Zone

The Hoodoo Zone oxide mineralization target lies on a major northwest-striking fault zone which controls mineralization in the Lab Zone and Calcite Zone gold deposits. Drilling began in mid-July, but the drill broke down during the first hole, and was removed from the project. Results have recently been received for this first hole, KR-07-1108. Starting at bedrock, a true thickness of 16.30 meters averaged 5.97 g/t Au. This included 1.70 meters of 23.30 g/t.

Strong oxide mineralization is exposed in a series of three road cuts over a vertical distance of 65 meters. The oxide mineralization along these roads averages about 30 meters along the cut. A total of 29 more holes have been completed, with most containing oxide mineralization. These assays are pending.

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