Yukon-Nevada Gold Corp. - Jerritt Canyon - SSX Steer Complex

Projects Overview Jerritt Canyon

Overview SSX - Steer Complex Smith Recovery Process Reserves & Resources Exploration Overview Exploration History Technical Report Jerritt Canyon Map

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

SSX - Steer Complex

Mining Method

Conventional sublevel stoping
Blind bench stoping
Ramp bench stoping
Blind uphole stoping

The drift connecting the SSX and Steer mines was completed in late 2005, and the two mines are now referred to as the SSX-Steer Complex. By providing a secondary escape way and ventilation, this connection allowed commercial production from Steer to begin in 2005. The drift also allows the SSX-Steer deposits to share infrastructure in order to optimize production. The SSX- Steer connection also enables drill platforms to explore this prospective corridor.

The SSX deposit was discovered in the early 1990s following the structural trends between the Burns Basin and California Mountain deposits. Mining commenced in 1997. The deposit occurs 450 to 1,000 feet below the surface. It has been in the last few years the main gold producer at Jerritt Canyon. The SSX deposit is primarily structurally controlled by a network of northwest (e.g. South Boundary Fault, South Saval Trend), and northeast (e.g. Purple Fault, Saval Fault) structures. The intersection of the northeast and west-northwest structural trends remain a primary target for resource expansion. The westward extension of the South Boundary Dike and the Mahala resource to the east represent exploration opportunities.

Gold mineralization in the Steer portion of the SSX- Steer Complex has been identified in an area stretching approximately 3,000 feet east from the old Steer pit to halfway along the connection drift to SSX Zone 5. In the eastern portion of the Steer area, high-grade mineralization is associated with the Husky fault. The intersection of these dikes with the Hansen III unit and the Husky fault and its related structures offer excellent exploration potential.

The following tables show 2008 underground exploration drill hole results from the SSX-Steer Complex and the Smith Mine at the Jerritt Canyon property.

Jerritt Canyon Underground Drill Hole Assay Data for Assays received before June 30th 2008

Don Colli (P.Geo.) former Manager of Mine Geology for Queenstake Resources, compiled and reviewed the aforementioned drill results table that were received before June 30, 2008. Todd Johnson, M.S., Senior Geologist with Yukon-Nevada Gold Corp. and a qualified person as defined by NI 43-101, has reviewed and verified the technical information contained in this table as applicable.

Jerritt Canyon Underground Drill Hole Assay Data for Assays Received from June 30th 2008 to April 17th 2009

The qualified person for the aforementioned data is Todd Johnson (M.S. Geology; M.S. Geological Engineering) who is the current Senior Geologist with Yukon-Nevada Gold Corp.