Yukon Gold Corporation, Inc. (TSX: YK) (OTCBB: YGDC) (Frankfurt: W8Y) is pleased to announce the Marg drill results, below, made over this summer's 3674 metre drill program.
Renewed interest in the Mt Hinton property is due to Alexco entering into a Silver Purchase Agreement with Silver Wheaton, anticipating that the initial silver deliveries will come from the Bellekeno property at Keno Hill, which is contiguous to Mt Hinton.
Marg Deposit Update
Yukon Gold is pleased to announce results of the 2008 diamond drill program at its 100% owned Marg Property, an advanced stage copper/lead/zinc/silver/gold deposit in the Tombstone Belt in Yukon, Canada.
With a skid mounted rig, 3674 metres were drilled in 10 holes. Six holes were to collect metallurgical test samples and four holes were to test the extension of the known mineralization.
Holes M-108 to M-113 provided samples for the metallurgical test work and, as well, provided a higher confidence level in the resource estimate released in July 2008 by confirming grades and widths. Holes M-114 to M-116 were exploratory holes confirming the continuation of the mineralized zones to depth and to the west. Hole M-117 encountered extensive faulting and no significant mineralization.
The majority of assays were carried out by ALS Chemex Laboratories, an accredited lab. Assay results (which do not include gold or silver results) for holes M-112 and M-113 were carried out by G&T Metallurgical Services Ltd. as part of the metallurgical programme (G&T Metallurgical is also an accredited laboratory). Rejects from the samples assayed at G&T Metallurgical will also be assayed at ALS Chemex to provide gold and silver results as well as checks on the copper, lead and zinc results. (Based on comparisons of duplicate assays completed to date on the first three holes, the results for base metals are not expected to vary significantly.)
The metallurgical test work at G&T Metallurgical Services Ltd. in Kamloops, B.C started in late August. The test program is expected to be completed by year end; however preliminary results may become available before that time.
Upon receipt of the Metallurgical Report, Yukon Gold will assess the resumption of the Scoping Study commenced in February 2008. -- www.cnxmarketlink.com
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