VANCOUVER, Feb. 7 /CNW/ - (Silverado - OTCBB: SLGLF/Frankfurt : SLGL).
Silverado Gold Mines Ltd. is preparing to make public the independently
produced, NI 43-101 compliant, Buntzen Report. This professional assessment of
Silverado's exploration activities and resources is of keen interest to market
watchers and investors. The report will be posted on Silverado's website
shortly (www.silverado.com). Highlights will be featured in subsequent Press
Releases and Investor Newsletters.
"We are very excited about the Buntzen Report," states Garry L Anselmo,
President and CEO of Silverado. "It will provide the investment community with
an independent snapshot of what Silverado has achieved in exploring for, and
identifying gold and antimony deposits, and what these findings represent, as
gains for Silverado for the year 2007. And, it couldn't come at a better time
for gold, and mining stocks. Experts are predicting that history may be
Between 1975 and 1980, gold prices skyrocketed from $180, and peaking at
$840. Mining stocks rose astronomically. For example, "Lion Mines traded at
$0.07 in 1975, and $380.00 in 1980. If you bought 10,000 shares in 1975 for
about $700, it would have netted you a profit of $3,799,300 in January of
1980....Rest assured that before this bull market in precious metals is over,
there will be similar front page stories around the world..."
- '21st Century Gold Rush Update', Aubie Baltin, CFP, CTA, PhD
Silverado Gold Mines Ltd. was trading in excess of $10 during that heyday
period, up from $0.10. This represented an increase of 100 times the Silverado
"Buying gold is no longer advisable...It's a must. Gold, simply put, is
under-valued, under-owned, and under-appreciated...when it comes to the
lightly-covered junior mining sector...these companies give investors massive
leverage to the price of the underlying commodity...most of these companies
don't actually mine these metals. Instead, they actively explore for the ore,
often selling their discoveries for huge sums."
- 'Gold Forecast for 2008', Gold World, Feb 6/08
"The world's biggest gold producers won't be able to sustain the million
of ounces mined every year..."
- 'Gold Supply Shortage', Gold Price News, Feb 6/08.
Junior mining companies will likely infill the shortfall.
Silverado Gold Mines Ltd.
Silverado's twelve square mile, 100% owned Nolan Property has yielded
over $15 million in gold. This was produced on test basis activity only. The
area, over its pre-Silverado historical 'gold rush mining', produced
120,000 oz of gold, and generated a 136 oz gold nugget, the second largest
ever found in Alaska. Silverado discovered the tenth largest gold nugget, at
41 oz. See - http://www.silverado.com/projects/nolan/
Silverado's Nolan property includes infrastructure built, and paid for,
including a 24 person accommodation, machine shop and heavy equipment
maintenance. With all permits in place, Silverado has recently invested
$1 million for specialized underground exploration and mining equipment.
Underground exploration, in the Workman's Bench area, is being intermittently
carried out to explore lode deposits, which are potentially the source of some
of the placer nuggets recovered by Silverado. This involves tunnelling, and
cross-cutting mineralized zones, with assay returns from samples used for
exploration direction. Silverado had already discovered 93-97% pure gold
nuggets in this area.
"Exploration Drilling On Workman's Bench At Nolan Creek Reveals Gold
Grades Up To 0.55 Toz/Ton And 34.51% Antimony. Gold And Antimony
Mineralization Now Extends From North End Of 700' Long Pringle Bench Area To
The South End Of Workman's Bench Area, A Distance Of 1300 Feet" (Jan 14, 2008)
"Silverado Can Supply Growing $200 Million Antimony Market" (Jan 9, 2008)
"More Gold Findings On Silverado's 100% Owned, Nolan Creek Property"
(November 26, 2007)
"Silverado Invests Over $1 Million To Carry Out Year Round, Underground
High Grade Antimony and Gold Exploration" (November 19, 2007)
Silverado's Ester Dome property has generated, on a test basis only,
$10 million of top quality gold bullion. Ester Dome has a 300 ton/day plant,
which can be re-opened, as the opportunities present themselves. See -
Silverado's Eagle Creek, a gold and antimony property, is the second
largest antimony producer in the region. In past years, Silverado built and
operated a 100 ton/day plant on Eagle Creek and successfully sold concentrates
produced on a test basis. This property needs very little work to make a
production decision. See - http://www.silverado.com/projects/eaglecreek/
Silverado is also a Canadian RRSP Investment Opportunity
Silverado Gold Mines Ltd. shares currently trade on the Frankfurt stock
exchange under the symbol SLGL; as well as the OTC under the symbol SLGLF.
The rules and regulations guiding Registered Retirement Savings Plans
(RRSPs) in Canada state that: securities trading on the Frankfurt Stock
Exchange in Germany qualify as eligible RRSP investments. Therefore Silverado
shares qualify for Canadian RRSPs.
Not only can investors participate in the gold markets and energy markets
through ownership of Silverado stock, but now shareholders can use their
investment in Silverado Gold Mines Ltd. as a tax planning technique in Canada.
Contact Information - Silverado Gold Mines Ltd.
Silverado is an international company focused on gold exploration, and a
new environmentally friendly Fuel Technology. Silverado has gold properties
located throughout Alaska which include the 100% owned Nolan Placer Gold Mine.
Trading Symbols, OTC BB - SLGLF, FRANKFURT - SLGL
Suite 1820 - 1111 West Georgia Street, Vancouver, British Columbia,
Canada V6E 4M3, Telephone: (604) 689-1535, Facsimile: (604) 682-3519
To learn more about Silverado Green Fuel Inc. and watch the Green Fuel
Video, visit: www.silveradogreenfuel.com
Silverado Gold Mines Ltd. www.silverado.com
More Information ? http://www.silverado.com/investors/request/
This Press Release may contain, in addition to historical information,
forward-looking statements within the meaning of Section 27A of the Securities
Act of 1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended. These statements are based on management's expectations and
beliefs, and involve risks and uncertainties. These statements may involve
known and unknown risks and uncertainties and other factors that may cause the
actual results to be materially different from the results implied herein.
Readers are cautioned not to place undue reliance on the forward-looking
statements made in this Press Release.
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