Yukon Zinc Announces Completion of Wolverine Access Road
Wednesday, September 19th, 2007
Yukon Zinc Corporation 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.