Yukon-Nevada Gold Corp. Re-starts Production at Jerritt Canyon, Nevada

About this update from Volcanic Gold Mines Inc.

[{"type":"text","content":"\n\n\n\n\n\nVANCOUVER, Feb. 6, 2012 /CNW/ - Yukon-Nevada Gold Corp. (TSX: YNG) (Frankfurt Xetra Exchange: NG6) is pleased to announce that it has restarted production following\n commissioning of a new ore dryer, fine-crushing conveying system and\n Distributed Control System (\"DCS\") at its wholly-owned Jerritt Canyon\n gold operation in Nevada, USA. Jerritt Canyon is operated by Queenstake\n Resources USA Ltd., (\"Queenstake\") a wholly-owned subsidiary of\n Yukon-Nevada Gold Corp. (\"YNG\" or the \"Company\").\n\n\nA shutdown of production was initiated on January 6, 2012 in order to\n complete a winterization and refurbishment program which included\n constructing a new drying facility and reconfiguring the conveying\n system in fine crushing.  During the shutdown, the old ore dryer was\n replaced with a new ore dryer closer to the front end of the circuit.\n In addition, a new DCS was installed for the entire plant.\n Commissioning of the new ore dryer, fine-crushing conveying and the DCS\n commenced on January 23, 2012.\n\n\nTesting of the new crushing and drying installations continued from\n January 23, 2012 through February 1, 2012 with the first day of\n production with both roasters operating on February 3, 2012.\n\n\nGold production resumed January 25, 2012 and the first shipment was on\n January 31, 2012.\n\n\nThe forecast for February 2012 plant production is an average of 3,300\n tons per day and production of 9,000 ounces of gold.  March 2012\n production is forecasted to average 3,900 tons per day with gold\n production of approximately 12,500 ounces (annualized run rate of\n 150,000 gold ounces). The milling facility is currently permitted to\n run at 90 tons per hour per roaster (4,320 tons per day for 24 hours\n operation) and recent testing has shown that air emissions are within\n limits at 110 tons per hour, so permission has been sought to increase\n roaster throughput to this level.  If permission is obtained, the plan\n is to gradually ramp the daily production up to 4,600 tons per day by\n Q4 2012. As more high grade ore becomes available from continued\n ramp-up of the underground mines through 2012, gold production is\n expected to increase\n\n\nRandy Reichert, Chief Operating Officer commented, \"After much hard work\n to achieve steady state production this represents the end of a\n...

More updates from Volcanic Gold Mines Inc.