Silverado Gold Mines Ltd. - Gold recovery started - NEWS - 500 Beiträge pro Seite

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(PR NEWSWIRE) Silverado Gold Mines Ltd. - Gold recovery started at Nolan
Silverado Gold Mines Ltd. - Gold recovery started at Nolan

FAIRBANKS, AK, and VANCOUVER, July 16 /PRNewswire-FirstCall/ -

Gold Recovery and Processing Operation
Over 670 ounces of nugget gold have already been recovered since the start
of sluicing operations in late June of this year. These nuggets were pulled
from the top two nugget traps alone of the wash plant and ranged in size from
1/10 ounce to 12.4 ounces per piece. Over 18,000 loose cubic yards of pay dirt
(stockpiled from the past winter\'s mining of the Mary\'s East and Swede
Channel) will be processed through the wash plant by the end of August, 2007.
Total gold recoveries and related financial numbers will be released as
available during the balance of the season.
Placer Gold Exploration
During March and April, company drilling on the Nolan property discovered
an entirely new zone of placer gold which has been named the Jack London
bench. Additional drilling later this year will test the viability of actual
open pit mining of this new bench. Further drilling was also conducted in an
area between the Mary\'s East/Swede Channel Deposits and the Top Notch
Prospect. Out of the 130 drill holes completed during this year\'s first-phase
of placer exploration, 40% show the presence of gold, ranging from 0.001 to
0.055 troy ounces of gold per bank cubic yard. The company intends to do more
placer drilling later this summer.
Lode Gold Exploration
Since May 2007, Silverado Gold Mines has been aggressively exploring for a
lode gold and antimony deposit on its Nolan property using an extensive soil
sampling and geophysical campaign. Over 420 soil samples have been sent to ALS
Chemex in Fairbanks for analysis. The 229 samples analyzed to date show a
distinct arsenic and antimony anomaly on the eastern part of the Solomon Shear
trend. Arsenic anomalies are strong indicators for the presence of gold. The
highest concentration of gold in these soil anomalies exists in the area north
of Smith Creek where soils are much thinner than other parts of the Solomon\'s
Shear Trend and therefore gold is more readily detectable. Here, Silverado
Gold Mines undertook backhoe trenching in 2006 and discovered 16
antimony-quartz veins over a width of 192 feet. The highest gold result was
0.83 ounces gold per ton and the highest antimony assay was 46% (see press
releases from January 22, 2007 and January 29, 2007). Silverado Exploration
teams will continue with the soil sampling campaign until September.
Along with the soil sampling campaign, Silverado Gold Mines is conducting
an extensive very low frequency - electromagnetic (VLF-EM) ground geophysical
survey to identify structures such as shear zones, faults, and veins that
occur within the bedrock. Geo-physical exploration with the VLF-EM survey will
continue until September. The coincident soil and geophysical anomalies
indicate the likely presence of gold antimony mineralization.
Trenching Programs
In addition to the above two surveys (VLF-EM and soil) Silverado recently
conducted an extensive trenching program to complement the exploration
trenching conducted in 2006 (see press releases from January 22, 2007 and
January 29, 2007). During June and July, 2007 three backhoe trenches were
excavated, totaling 290m (951.5ft), to further investigate the gold bearing
antimony-quartz vein systems previously identified in 2006.
This year\'s trenching confirmed the north-eastward continuation of the
three zones that contain antimony-gold-quartz veins identified in 2006. A
total of 107 combined select chip and channel rock samples were collected
during the trenching program and submitted to ALS Chemex in Fairbanks for
analysis. Assays are pending.
A fourth trench, 38m (124.7ft) in length, was dug south of Smith Creek, in
the old Workman\'s Bench pit, located within in the south-westward extension of
the Solomon Shear trend. This trench exposed the largest antimony veins
discovered in the area to date, with widths up to 24 cm (9.8 inch). A total of
15 channel rock samples were collected and submitted to ALS Chemex for
analysis. Out of these 15 samples, 7 tested greater than the 1% upper
detection limit for antimony and are now being quantitatively assayed for
total antimony. In addition, five of these 15 samples show gold values ranging
from 0.01 to 0.12 ounces of gold per ton.
Several potential drill targets in this area within the Solomon Shear
trend have been identified by the gold, arsenic and antimony soil anomalies;
the structural trends identified by the VLF-EM surveys; the results of backhoe
trenching; and structural geological field mapping. Lode exploration drilling
is scheduled to start in two weeks.
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.
About Silverado:
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 a 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,
http://www.silverado.com.
This 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.
CONTACT: SILVERADO GOLD MINES LTD., Mailing Address, 505 1111 W. Georgia
Street, Vancouver, B.C., V6E 4M3, CA, Toll Free: [phone] or (604)
689-1535, Fax: [phone], [e-mail], http://www.silverado.com;
Field Address, 3180 Peger Rd, Ste 270, Fairbanks, AK, 99709-5485, USA
SOURCE Silverado Gold Mines Ltd.


Contact Information:
SILVERADO GOLD MINES LTD., Mailing Address, 505 1111 W. Georgia Street, Vancouve
*** end of story ***

0,10 sollten drin sein heute mit der news

[V51]

noch pari zu usa

[rep]

Antwort auf Beitrag Nr.: 31.048.828 von V51 am 06.08.07 12:08:53

Sehr gut, hatte Silverado schon mal. Super trade. Die news dürfte mal wieder Schwung reinbringen.
hast mal eine deutsche Übersetzung

[Yatt]

Antwort auf Beitrag Nr.: 31.049.070 von rep am 06.08.07 12:28:46

Na, doll ist das aber nicht. Am 16.07 kam eine ähnliche News allerdings mit einem kleinen Ertrag raus. Jetzt hat man nach drei Wochen nochmals alles aufsummiert. Nichts neues.


Und damals schloß SLGLF übrigens mit +-0. Viel mehr dürfte es auch heute nicht werden.

Yatt

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