SILVERADO - OTCBB: SLGLF/Frankfurt: SLGL/Berlin: SLGL
FAIRBANKS, AK and VANCOUVER, Oct. 4 /CNW/ - The 94.03 kilograms of fine
concentrates recovered from our processing of over 18,000 yards of frozen gold
bearing gravels, mined underground during the winter of 2006-2007 have yielded
915.06 troy ounces of gold. The fine concentrate therefore contained 30% gold,
which when combined with the 2811.74 troy ounces of nugget gold recovered this
year totals 3726.80 troy ounces. Also, the fine concentrates yielded
65.10 troy ounces of silver or 2.15% silver. The value received for the fine
gold and silver, sold on 10/1/2007 was $668,386.79 (after smelting costs).
Total gold sales, which will include our 2811 ounces of nugget gold, will
be reported in our financial statements.
This 3726.80 ounces of placer gold has yielded a great deal of additional
information about the lode source of these nuggets. The gold is approximately
four times the amount recovered in the prior year.
This press release was prepared by Dr. Karsten Eden, Certified
Professional Geologist, who is a qualified person as defined under the
standards of Canadian National Instrument policy 43-101.
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 also entering 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 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/ and the parent public corporation,
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:
For further information: SILVERADO GOLD MINES LTD.: Mailing Address,
1820 - 1111 W. Georgia Street, Vancouver, B.C., V6E 4M3, CA, Toll Free: (800)
665-4646 or (604) 689-1535, Fax: (604) 682-3519, email@example.com,
http://www.silverado.com; Field Address, 3180 Peger Rd., Ste 270, Fairbanks,
AK, 99709-5485, USA