The company confirmed an intersection of 29.6m averaging 19.61 grams/tonne Au, including 5.1m averaging 45.60 grams/tonne Au in drilling at the Nevada project.
Jerritt Canyon is operated by Queenstake Resources USA, a wholly owned subsidiary of Yukon-Nevada Gold.
Significant assay results from multiple separate zones for drill hole numbers SMI-LX-758 and SMI-LX-759 have been received.
These are resource conversion drill holes that were drilled from the same underground drill station in Zone 2 of the mine.
This drilling program is testing favorable ore controlling structures proximal to the existing underground workings and is also intended to expand and convert existing resources outlined in the most recent NI 43-101 report published in 2008.
Drill hole SMI-LX-758 is located slightly east and above drill hole SMI-LX-757 while SMI-LX-759 was drilled below SMI-LX-757 to further test the vertical extent of the mineralization encountered in drill hole SMI-LX-757.
All of these results confirm the continuity of the gold mineralization in the area north of the existing Zone 2 mine workings and west-southwest of the Zone 5 workings.
Additional drilling is being considered in 2011 from the same Zone 2 drill station to test the lateral extent of the mineralization.
