Yukon Zinc Corporation

Yukon Zinc Corporation

September 18, 2007 13:14 ET

Yukon Zinc Announces Completion of Wolverine Access Road

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 18, 2007) - Yukon Zinc Corporation (TSX VENTURE:YZC) is pleased to announce that the initial phase of road construction for the proposed Wolverine mine is near completion. Upgrading of culverts and other parts of the road is expected to continue over the coming months; however, now large trucks are able to transport equipment and supplies to the site. Mr. Raymond Mah Chief Operating Officer states that, "The ability to mobilize equipment and supplies to the site by truck transport is key to keeping our timeline for mine development."

With the transport of equipment to the site, erection of the cover for the water treatment facility is underway. Site preparation for the new 200 man construction camp is near completion. Images of these infrastructure developments are available on the Company's web site at www.yukonzinc.com. With completion of these earthworks activities the Company is ready for the next phase of construction activities which include resumption of underground development and preparation of mill site foundations.

The commencement of additional construction activities awaits the completion of the remaining approximately US$110 million of project equity required to complete cash requirements. This equity together with the recently announced Barclays Capital US$140 million of senior debt financing (see August 27, 2007 news release) will complete project financing and allow a full production decision to be made.

This news release contains forward-looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of failure to complete the proposed senior debt financing, failure to obtain the required equity, failure to obtain necessary regulatory approvals, failure to secure key permits, senior project debt and equity financing, mine development and operational risks and other risk factors beyond Yukon Zinc's control; and actual results may differ materially from the expected results.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy of this news release.

Contact Information

  • Yukon Zinc Corporation
    Dr. Harlan Meade
    President and CEO
    (604) 682-5474 or Toll Free: 1-877-682-5474
    Yukon Zinc Corporation
    Shae Dalphond
    Manager, Investor Communications
    (604) 682-5474 or Toll Free: 1-877-682-5474
    (604) 682-5404 (FAX)
    Email: info@yukonzinc.com
    Website: www.yukonzinc.com