Silverado Announces New Drill Results At Nolan Creek Which Continue to Disclose Gold and Antimony Mineralization



    VANCOUVER, Sept. 22 /CNW/ - Silverado Gold Mines Ltd. (the "Company" or
"Silverado") SLGLF OTCBB, SLGL Frankfurt, www.silverado.com, announces that it
has now completed 34 drill holes totaling 11,597 ft as part of its 2008
exploration drilling at Workman's Bench, the Company's prime exploration
target on its Nolan Creek property in Alaska.
    The Company has now received all assays of mineralized veins for drill
holes 08SH11 through 08SH19 (see results below). An updated drill hole
location map for these zones can be found on the Company's website at
http://www.silverado.com/i/pdf/Map-2008-09-15.pdf
    Workman's Bench is the Company's prime exploration target for a lode gold
and antimony deposit in the southwestern part of the Solomon Shear Zone. The
Solomon Shear Zone contains NE striking gold-antimony-quartz vein systems
which also occur in other areas on the Nolan Creek property, including across
Smith Creek on Pringle Bench and north of Smith Creek Dome.
    This year's drilling on Workman's Bench has focused on defining the
lateral and vertical extent of the known gold and antimony mineralized zones,
in particular on the main exposed vein in underground exploration Tunnels C
and D. Information thus far indicates the gold and antimony mineralized zones
at Workman's Bench are open laterally and at depth. This year's drilling has
extended the known lateral extent of the stibnite (antimony)-gold vein systems
on Workman's Bench from 600 ft to 1,000 ft.
    Selected drill hole assays are presented in the tables below. Most
samples of vein material contain gold. The reader should note that assay
results listed in the table present results of individual veins sampled and
cut from the drill core.
    Although there are many mineralized veins within the Workman's Bench
zone, one particular vein, the main vein, continues to be the focus of
interest to the company (for more information see press release dated
August 14, 2008 http://www.silverado.com/i/pdf/2008-08-13_NR.pdf). Assays for
the remaining drill holes 08SH20 to 08SH33 are pending.

    
    -------------------------------------------------------------------------
    Drill        Sample       Sample       Sample
    Hole        Interval     Interval      Length
    Number       (From)        (To)         (ft)     Au (toz/ton)      Sb (%)
    -------------------------------------------------------------------------
    08SH11        184.7        185.4         0.7          0.07          3.55
    -------------------------------------------------------------------------
    08SH11          193        193.6         0.6          0.09          3.39
    -------------------------------------------------------------------------
    08SH11        193.6        194.5         0.9          0.12         10.02
    -------------------------------------------------------------------------
    08SH11        196.2          197         0.8          0.33         10.36
    -------------------------------------------------------------------------
    08SH11        225.3        226.1         0.8          0.70         11.20
    -------------------------------------------------------------------------
    08SH11        275.8        276.8           1          0.04         11.36
    -------------------------------------------------------------------------


    -------------------------------------------------------------------------
    Drill        Sample       Sample       Sample
    Hole        Interval     Interval      Length
    Number       (From)        (To)         (ft)     Au (toz/ton)      Sb (%)
    -------------------------------------------------------------------------
    08SH12           91         91.7         0.7          0.10          0.02
    -------------------------------------------------------------------------
    08SH12        180.4        180.9         0.5          0.05          6.94
    -------------------------------------------------------------------------
    08SH12        186.1          187         0.9          0.04          0.77
    -------------------------------------------------------------------------
    08SH12        204.1          205         0.9          0.05          7.05
    -------------------------------------------------------------------------
    08SH12        206.5        207.2         0.7          0.13          0.01
    -------------------------------------------------------------------------
    08SH12        208.1          209         0.9          0.22         20.97
    -------------------------------------------------------------------------


    -------------------------------------------------------------------------
    Drill        Sample       Sample       Sample
    Hole        Interval     Interval      Length
    Number       (From)        (To)         (ft)     Au (toz/ton)      Sb (%)
    -------------------------------------------------------------------------
    08SH13         17.8         18.3         0.5          0.03         13.16
    -------------------------------------------------------------------------
    08SH13        121.3        126.7         5.4          0.14          1.99
    -------------------------------------------------------------------------
    08SH13        180.2          182         1.8          0.04          0.75
    -------------------------------------------------------------------------
    08SH13        187.5        188.8         1.3          0.06         22.15
    -------------------------------------------------------------------------
    08SH13        208.4        208.9         0.5          0.03          6.97
    -------------------------------------------------------------------------
    08SH13        210.1        212.2         2.1          0.06          5.45
    -------------------------------------------------------------------------


    -------------------------------------------------------------------------
    Drill        Sample       Sample       Sample
    Hole        Interval     Interval      Length
    Number       (From)        (To)         (ft)     Au (toz/ton)      Sb (%)
    -------------------------------------------------------------------------
    08SH14         56.5           57         0.5          0.01          4.02
    -------------------------------------------------------------------------
    08SH14         88.3           92         3.7          0.18          0.27
    -------------------------------------------------------------------------
    08SH14          121          122           1          0.26          0.25
    -------------------------------------------------------------------------
    08SH14        179.2        179.9         0.7          0.04          1.75
    -------------------------------------------------------------------------
    08SH14        183.8        184.3         0.5          0.19          0.02
    -------------------------------------------------------------------------


    -------------------------------------------------------------------------
    Drill        Sample       Sample       Sample
    Hole        Interval     Interval      Length
    Number       (From)        (To)         (ft)     Au (toz/ton)      Sb (%)
    -------------------------------------------------------------------------
    08SH15           75         75.5         0.5          0.01          9.27
    -------------------------------------------------------------------------
    08SH15           77           78           1          0.00          2.65
    -------------------------------------------------------------------------
    08SH15           84         85.7         1.7          0.13         10.55
    -------------------------------------------------------------------------
    08SH15        108.6        109.9         1.3          0.02         22.28
    -------------------------------------------------------------------------
    08SH15          113        115.1         2.1          0.04         42.07
    -------------------------------------------------------------------------
    08SH15        115.1          117         1.9          0.01          4.11
    -------------------------------------------------------------------------
    08SH15        182.5        186.4         3.9          0.12          4.77
    -------------------------------------------------------------------------
    08SH15          188        188.6         0.6          0.07          7.14
    -------------------------------------------------------------------------
    08SH15        190.2        190.7         0.5          0.07          6.85
    -------------------------------------------------------------------------
    08SH15        194.6        196.2         1.6          0.04          0.89
    -------------------------------------------------------------------------


    -------------------------------------------------------------------------
    Drill        Sample       Sample       Sample
    Hole        Interval     Interval      Length
    Number       (From)        (To)         (ft)     Au (toz/ton)      Sb (%)
    -------------------------------------------------------------------------
    08SH16          156          157           1          0.09          0.93
    -------------------------------------------------------------------------
    08SH16          197          198           1          0.02          1.11
    -------------------------------------------------------------------------
    08SH16        233.7        234.7           1          0.05          1.64
    -------------------------------------------------------------------------
    08SH16        309.5        310.5           1          0.39          0.00
    -------------------------------------------------------------------------


    -------------------------------------------------------------------------
    Drill        Sample       Sample       Sample
    Hole        Interval     Interval      Length
    Number       (From)        (To)         (ft)     Au (toz/ton)      Sb (%)
    -------------------------------------------------------------------------
    08SH17        287.6        288.1         0.5          0.23          4.63
    -------------------------------------------------------------------------
    08SH17        299.3        299.9         0.6          0.20         13.63
    -------------------------------------------------------------------------
    08SH17        311.8        312.8           1          0.12          0.01
    -------------------------------------------------------------------------
    08SH17        348.5        349.7         1.2          0.10          0.02
    -------------------------------------------------------------------------


    -------------------------------------------------------------------------
    Drill        Sample       Sample       Sample
    Hole        Interval     Interval      Length
    Number       (From)        (To)         (ft)     Au (toz/ton)      Sb (%)
    -------------------------------------------------------------------------
    08SH18          313          315           2          0.10          0.15
    -------------------------------------------------------------------------
    08SH18          315        316.8         1.8          2.88         27.65
    -------------------------------------------------------------------------


    -------------------------------------------------------------------------
    Drill        Sample       Sample       Sample
    Hole        Interval     Interval      Length
    Number       (From)        (To)         (ft)     Au (toz/ton)      Sb (%)
    -------------------------------------------------------------------------
    08SH19        148.5          149         0.5          0.00          1.76
    -------------------------------------------------------------------------
    08SH19        189.7        190.2         0.5          0.02          0.79
    -------------------------------------------------------------------------
    08SH19        213.5        214.5           1          0.07          0.80
    -------------------------------------------------------------------------
    08SH19          217        217.5         0.5          0.03         22.75
    -------------------------------------------------------------------------
    08SH19        218.5        219.5           1          0.35         34.61
    -------------------------------------------------------------------------
    

    Drilling continued to intersect the gold and antimony mineralization in
the Workman's Bench zone from hole to hole as it proceeded in a southwestern
direction.
    All drill core was logged and photographed by geologists. Once all
technical data was derived from the core, the core was cut lengthwise. The
half-core was sampled by pre-determined intervals based on geology, and placed
in sealed sample bags and labeled with the assigned sample number. All samples
were delivered to ALS Chemex in Fairbanks for analysis. With the shipment to
the laboratory of every 20th sample, the Company submitted two (2) standard
samples, and one (1) blank sample for analysis. From time to time the Company
instructed the laboratory to assay duplicate samples of the pulp from the
drill core.
    Dr. Karsten Eden, Certified Professional Geologist and European
Geologist, and Vice President Exploration of Silverado, is the qualified
person as defined by Canadian National Instrument 43-101 for the Company and
has verified the data contained in this news release.

    About the Company

    The Company is an exploration stage company focused on the exploration of
gold properties, with some past production, and the development of new
environmentally friendly low-rank coal water fuel technology. The Company has
gold properties located throughout Alaska, which include a 100% interest in
numerous mining claims located on the Nolan Creek property. Please visit
www.silverado.com.
    The Company is developing low-rank coal water fuel that is designed to be
produced from low-rank coal and processed into an environmentally friendly oil
substitute. Silverado Green Fuel Inc. is a wholly owned subsidiary of its
publicly traded parent, Silverado Gold Mines Ltd. For more information about
Silverado Green Fuel Inc., please visit http://www.silveradogreenfuel.com/.

    Forward-Looking Statements

    This news 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. Statements in this news release that are forward-looking
statements are based on the current expectations, beliefs, assumptions,
estimates and forecasts about the Company's business and the industry and
markets in which it operates. Such forward-looking statements involve risks
and uncertainties regarding the market price of gold, availability of funds,
government regulations, common share prices, operating costs, capital costs,
outcomes of test mining activities and other factors. Forward-looking
statements are made, without limitation, in relation to operating plans,
property exploration activities, including test mining activities,
availability of funds, environmental reclamation, operating costs and permit
acquisition. Any statements contained herein that are not statements of
historical facts may be deemed to be forward-looking statements. In some
cases, you can identify forward-looking statements by terminology such as
"may", "will", "should", "expect", "plan", "intend", "anticipate", "believe",
"estimate", "predict", "potential", or "continue", and the negative of such
terms or other comparable terminology. Actual events or results may differ
materially. In evaluating these statements, you should consider various
factors, including the risks detailed in the Company's filings with the
Canadian Securities Authorities and the US SEC. These factors may cause the
Company's actual results to differ materially from any forward-looking
statement. Except as required by applicable securities laws, the Company
disclaims any obligation to publicly update these statements, or disclose any
difference between its actual results and those reflected in these statements.
Given these uncertainties, readers are cautioned not to place undue reliance
on such forward-looking statements.





For further information:

For further information: Mailing Address: Suite 1820 - 1111, West
Georgia St, Vancouver, British Columbia, Canada, V6E 4M3; Trading Symbols: OTC
BB - SLGLF, FRANKFURT - SLGL; Telephone: (604) 689-1535, Facsimile: (604)
682-3519, Toll Free: 1-800-665-4646 (Canada and USA only); Investor Relations:
E-mail: ir@silverado.com, Public Relations: E-mail: pr@silverado.com, Media
Relations: E-mail: jay@silverado.com

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SILVERADO GOLD MINES LTD.

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