Queenstake Resources Takes Over Suspended Operations
VANCOUVER - Yukon-Nevada Gold Corp. reported that its subsidiary, Queenstake Resources USA, Inc. ("Queenstake" or "the Company") has taken action to have more direct management of the Jerritt Canyon operations in order to accelerate and complete installation of the new mercury-emission-control system at its wholly owned Jerritt Canyon Mine located in Nevada, in response to the Stop Order 2009-6 issued by Nevada Division of Environmental Protection ("NDEP").
Further to the recent NDEP Order 2009-4 resulting from a delay in the fabrication of certain fiberglass ductwork, Queenstake was unable to meet a deadline to complete the installation of new mercury -- emission -- control equipment at the Jerritt Canyon Mine by May 30, 2009. Therefore, in compliance with NDEP Order 2009-4 and a subsequent NDEP Stop Order 2009-6 received at 4:00 PM Friday June 5, 2009, Queenstake a wholly owned subsidiary of Yukon Nevada Gold Corp. ("YNG"), has taken steps to focus all operations at the Jerritt Canyon Mine on the completion of the requirements of those orders. The Orders require the Company to comply with all the previous compliance standards including the airborne mercury emissions.
The Company will now focus its entire workforce together with its outside consultants presently engaged in complying with those orders, on fast tracking and completing the required work. It is estimated that this and other work required to bring the Company back into full compliance will be completed by June 30. A submission to allow return to fully licensed operational status subject to the above work being completed is being prepared in parallel with the above work program undertaking.
The newly appointed President and CEO Robert Baldock said, "In order to achieve this program, the Company has decided to be more actively involved in the
At the same time, the Company has been undertaking a significant maintenance and upgrade program of its milling and ore treatment facilities to allow continuous and reliable 24/7 operations. This program will be further upgraded to include any outstanding compliance issues ahead of submission of the Company Start-up Plan to NDEP.
The company’s address is