Yukon Zinc Corporation

Yukon Zinc Corporation

May 07, 2007 09:46 ET

Yukon Zinc Commences Wolverine Mine Site Access Road

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 7, 2007) - Yukon Zinc Corporation (TSX VENTURE:YZC) is pleased to announce that the company has selected and awarded to Artic Construction Ltd. and Ross River Dena Council "Artic Construction Ltd." a contract for the construction of the approximate 24 km access road for the Wolverine project. Previously, all transport of heavy equipment and supplies has been by winter road and air support.

The initial construction activities of the road will be the pioneering of the access road over an approximate length of 24 km, departing from km Post 190.0 of the Robert Campbell Highway to the Wolverine mine site. During this First Phase of road development, an approximate four metre wide road will be built using standard construction practices for the purposes of transporting equipment and supplies required during on-going maintenance of the site and initial construction activities at site. Completion of this Phase I of the road will allow for a fast start to construction of various mine facilities when all project financing is available. Significant cost saving opportunities will be realized almost immediately once road access is available around mid July 2007.

Phase II of the road will consist of constructing an all weather permanent access road as per stringent regulatory specifications and standards. Phase II remains contingent upon Project financing and the Water License scheduled for third quarter of 2007.

This contract is the first contract let under the Socioeconomic Participation Agreement with the Ross River Development Council. Yukon Zinc looks forward to working with Artic Construction and the Kaska as a welcome addition to our development team.

Other development activities include the resumption of detailed engineering for mine and mill development and advancement of the Company's Water License Application with the successful completion of the public hearing of the Yukon Water Board this past week. These activities will continue while Yukon Zinc progresses to completion of project financing.

Yukon Zinc is a base-precious metal exploration and development company that is focused on the development of the precious metal rich Wolverine zinc-silver-copper-lead-gold deposit as the first mine development project in the emerging Finlayson Massive Sulphide District in south central Yukon.

This news release may contain 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 financing, failure to obtain necessary regulatory or shareholder approvals, exploration and other risk factors beyond its 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
    (604) 682-5404 (FAX)
    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