VANCOUVER, Jan. 25 /CNW/ - (Silverado - OTCBB: SLGLF / Frankfurt : SLGL).
Silverado Gold Mines Ltd., and its wholly owned subsidiary, Silverado Green
Fuel Inc., were well received by investors and visitors alike at the recent
conference and exhibition (Jan 20-21), attended by over 9,000 registrants.
"What we offered investors, over others at the show, was not only some
exciting gold opportunities, based on over 40 years of being in the gold
exploration and mining business in Alaska, but also our innovative green fuel
(coal - to - liquid fuel) initiative. Visitors were keen on both, and
recognized that Silverado is in two of the hottest markets today, gold and
energy," stated Bob Dynes, Silverado's Investor Relations Manager.
A draw for a half ounce Silverado gold nugget was done, with the help of
Peter Dimmell, the immediate past President of the Prospectors and Developers
Association of Canada (PDAC).
A key message to investors, delivered in a speech at the conference by
Greg McCoach, Editor of "The Mining Speculator" was, "I don't think the
(current stock market) downturn will last long. Don't panic. Start buying now.
Junior mining companies will soon have their day in the sun. Precious metals
will start to go up, and metal stocks will go up with them."
Silverado Gold Mines Ltd.
Silverado's twelve square mile, 100% owned Nolan Property has yielded
over $ 15 million in gold and antimony. 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 is being carried out, 24/7, to explore lode deposits
which are potentially the source of placer nuggets. Silverado had already
discovered 93-97% pure gold nuggets in the 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 Green Fuel Inc.
Green Fuel can be used to power oil-fired power plants directly, or be
used as a feedstock for further processing to produce transportation fuels
(jet, diesel, gasoline), key agricultural compounds (fertilizers, synthetic
petrochemical feedstocks, urea), industrial products (oils, lubricants,
synthetics) and even consumer products (plastics, packaging, etc.).
Silverado Green Fuel can also be further processed to produce pure, clean
hydrogen to power fuel cell automobiles and electrical generation (power)
Estimates are that Silverado Green Fuel will be commercially produced at
under US$15 per barrel, on an oil equivalent energy basis, compared to current
$90 - $100/barrel crude oil prices ($90.30, Jan 17/08).
"Our ability to adhere to our belief in Silverado Green Fuel has led us
to being at the right place, at the right time. Most of the U.S. Presidential
candidates are very supportive of clean coal, or coal - to - liquid fuel, and
the Energy Bill delivers support to the industry to act on clean coal
technologies," states Garry Anselmo, Silverado President and CEO. "By sticking
with our vision, we are in the forefront of domestic energy self sufficiency
See "OBAMA, HUCKABEE, CLINTON, ROCKEFELLER AND ROMNEY SUPPORT
COAL-TO-LIQUID FUEL", Jan 8/08
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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