VANCOUVER, Jan. 9 /CNW/ - Silverado Gold Mines Ltd (Trading Symbols, OTC
BB - SLGLF, FRANKFURT - SLGL) : In addition to encouraging gold prospects and
findings, Silverado is well positioned to sell antimony, found in its Alaska
mineral resources, into a growing North American marketplace. The domestic
(U.S.) antimony market is approximately 70,000,000 pounds per year (valued at
more than $200,000,000), and is growing at an annual rate of 6.8% per year.
"Pringle Bench consists of a series of sub parallel veins containing gold
grades up to 5.22 tr. oz/ton, or 179 g/t and Antimony grades ranging up to
64.76% with quartz. Pringle Bench represents an area 500 ft wide by 700 ft
long, open to length and depth, and is part of the five mile long Solomon
Shear Zone. Veins are up to one foot in width, predominantly massive stibnite
(Antimony sulphide, a high grade Antimony mineral). Visual observation of the
core has identified the presence of many sub-parallel zones of gold, Antimony,
See - "Silverado Invests Over $1 Million To Carry Out Year Round,
Underground High Grade Antimony and Gold Exploration" (November 19, 2007)
"Silverado Gold Mines is most encouraged with its discoveries made this
summer in the Fortress area. The two different striking gold-bearing vein
systems that occur in the Fortress area, along with defined structural trends
overlain by gold, Antimony and arsenic geochemical anomalies, make the
Fortress area an exciting lode gold exploration target. This is in addition to
the Nolan Creek lode gold targets."
See - "More Gold Findings On Silverado's 100% Owned, Nolan Creek
Property" (November 26, 2007)
Antimony compounds in the form of oxides, sulfides, sodium antimonate,
and Antimony trioxide are used in the making of flame-proofing compounds,
ceramic enamels, glass, paints, pottery, and in flame-retardant formulations
(including children's clothing, toys, aircraft and automobile seat covers),
and fiberglass composites industry, as an additive to polyester resins for
such items as light aircraft engine covers.
Antimony is increasingly being used in the semiconductor industry in the
production of diodes, infrared detectors, and fire detector devices. Other
uses include batteries, antifriction alloys type metal, small arms and tracer
ammunition, cable sheathing, medicines, antiprotozoan drugs, plumbing,
soldering, and bearings in internal combustion engines.
Silverado Gold Mines Ltd.
Silverado is an international company focused on Gold and a new
environmentally friendly Fuel Technology. Silverado has gold properties
located throughout Alaska which include the 100% owned Nolan Placer Gold Mine.
Silverado is planning the construction phase of an environmentally friendly
low cost strategic fuel demonstration facility. Silverado's Green Fuel will be
produced from low-rank coal and turned into a environmentally friendly oil
substitute. Silverado Green Fuel Inc. is a wholly owned subsidiary of its
publicly traded parent, Silverado Gold Mines Ltd. Trading Symbols, OTC BB -
SLGLF, FRANKFURT - SLGL
Silverado Gold Mines Ltd. www.silverado.com
Silverado Green Fuel Inc.(website and Green Fuel Video)
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.
For further information:
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