SILVERADO - OTCBB: SLGLF/Frankfurt : SLGL/Berlin : SLGL
VANCOUVER and MISSISSIPPI, Aug. 24 /CNW/ - Last week the Coal to Liquids
Coalition held its first conference at the Glade Springs Resort in Daniels,
West Virginia. Silverado Green Fuel Inc. sent representatives to the summit
which was also attended by Members of Congress, energy industry leaders, union
officials and representatives of the United States Air Force.
In an afternoon address to the group, Senator Jay Rockefeller (D-WV) told
the audience that "coal, clean coal, must be the solution to our energy needs.
It is the only solution to our energy needs."
Congressman Nick Rahall (D-WV), Chairman of the powerful House Natural
Resources Committee and Congressman John Murtha, Chairman of the Defense
Appropriations Subcommittee also addressed the conference. Each Member of
Congress focused on the need for energy independence for the United States,
and the fact that the U.S. has the most abundant supply of coal in the world.
"I am pleased to see these powerful Members of Congress stepping up to
plate and supporting the need for Coal to Liquid technology in moving America
toward energy independence. This is an area in which we have been working for
some time now, and it is rewarding to be in good company," commented Silverado
Green Fuel Inc. President, Garry Anselmo. "I am especially pleased that our
representatives at the conference were able to talk with the attendees about
our Hydrothermal Treatment Process, and the differences between Low Rank Coal
Water Fuel and the processes used in gasifying bituminous coal. They were able
to explain that although the Hydrothermal Treatment Process creates negligible
amounts of carbon dioxide, it also allows for the immediate capture of the
gas, therefore, no greenhouse gases are released into the atmosphere. This is
significant as we move forward in our Mississippi project," Anselmo continued.
Other guests and speakers at the conference included the President of the
United Mine Workers, Cecil Roberts who said, "ways to general coal to
liquids...is the answer to solving our dependency on foreign oil - it's the
answer to energy independence, it's also the answer to our national security,
it's also the answer to addressing part of our mounting trade deficit and it's
about creating thousands of jobs with good pay and good benefits."
The Silverado Mississippi Green Fuel Project continues to move forward as
the state and Silverado are both actively involved in the permitting and
planning stages. In a recent release, it was announced that Silverado had
finalized an agreement with Pickering Engineering to produce the final
architectural and engineering plans for the Green Fuel plant. Pickering has
now started work on those plans. Silverado is completing the final
documentation for the community development block grant, which will provide
infrastructure funding at the Red Hills Ecoplex site.
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 turned 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., 1820 - 1111 West
Georgia Street, Vancouver, B.C., V6E 4M3, Phone: (800) 665-4646 or (604)
689-1535, Fax: (604) 682-3519, www.silverado.com, www.silveradogreenfuel.com