VANCOUVER, Feb. 7 /PRNewswire-FirstCall/ -- (Silverado - OTCBB: SLGLF/Frankfurt : SLGL). Silverado Gold Mines Ltd. is preparing to make public the independently produced, NI 43-101 compliant, Buntzen Report. This professional assessment of Silverado's exploration activities and resources is of keen interest to market watchers and investors. The report will be posted on Silverado's website shortly (http://www.silverado.com/). Highlights will be featured in subsequent Press Releases and Investor Newsletters.
"We are very excited about the Buntzen Report," states Garry L Anselmo, President and CEO of Silverado. "It will provide the investment community with an independent snapshot of what Silverado has achieved in exploring for, and identifying gold and antimony deposits, and what these findings represent, as gains for Silverado for the year 2007. And, it couldn't come at a better time for gold, and mining stocks. Experts are predicting that history may be repeating itself."
Between 1975 and 1980, gold prices skyrocketed from $180, and peaking at $840. Mining stocks rose astronomically. For example, "Lion Mines traded at $0.07 in 1975, and $380.00 in 1980. If you bought 10,000 shares in 1975 for about $700, it would have netted you a profit of $3,799,300 in January of 1980....Rest assured that before this bull market in precious metals is over, there will be similar front page stories around the world..."
- '21st Century Gold Rush Update', Aubie Baltin, CFP, CTA, PhD
Silverado Gold Mines Ltd. was trading in excess of $10 during that heyday period, up from $0.10. This represented an increase of 100 times the Silverado share price.
"Buying gold is no longer advisable...It's a must. Gold, simply put, is under-valued, under-owned, and under-appreciated...when it comes to the lightly-covered junior mining sector...these companies give investors massive leverage to the price of the underlying commodity...most of these companies don't actually mine these metals. Instead, they actively explore for the ore, often selling their discoveries for huge sums."
- 'Gold Forecast for 2008', Gold World, Feb 6/08
"The world's biggest gold producers won't be able to sustain the million of ounces mined every year..."
- 'Gold Supply Shortage', Gold Price News, Feb 6/08. Junior mining companies will likely infill the shortfall. Silverado Gold Mines Ltd.
Silverado's twelve square mile, 100% owned Nolan Property has yielded over $15 million in gold. 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, in the Workman's Bench area, is being intermittently carried out to explore lode deposits, which are potentially the source of some of the placer nuggets recovered by Silverado. This involves tunnelling, and cross-cutting mineralized zones, with assay returns from samples used for exploration direction. Silverado had already discovered 93-97% pure gold nuggets in this 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) http://www.silverado.com/pressroom/pressreleases/14012008.htm
"Silverado Can Supply Growing $200 Million Antimony Market" (Jan 9, 2008) http://www.silverado.com/pressroom/pressreleases/09012008.htm
"More Gold Findings On Silverado's 100% Owned, Nolan Creek Property" (November 26, 2007) http://www.silverado.com/pressroom/pressreleases/261107gm.htm
"Silverado Invests Over $1 Million To Carry Out Year Round, Underground High Grade Antimony and Gold Exploration" (November 19, 2007) (http://www.silverado.com/pressroom/pressreleases/191107.htm).
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 - http://www.silverado.com/projects/esterdome/
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 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: http://www.silveradogreenfuel.com/
Silverado Gold Mines Ltd. http://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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