Today’s news release from Silverado has some interesting nuggets of its own. In the last twelve months they have recovered 670 ounces of nugget gold and they still have 18000 loose cubic yards to be processed by the wash plant by the end of August. This should make interesting reading over the next few weeks for all the fans of Silverado.

The exploration for placer gold will continue with the Jack London bench (does anyone remember reading his book “Call of the Wild” what a contrast to the way most of us live now) where drilling will take place later this year to test the viability of actual open pit mining of this new bench.

So far this year Silverado has been aggressively exploring for a lode gold and antimony deposit on its Nolan property using the two techniques of extensive soil sampling and a geophysical campaign. The combination of these results indicates the likely presence of gold antimony mineralization.

Following on from last year’s trenching programme this year’s trenching programme has confirmed the northeastward continuation of the three zones that contain antimony-gold-quartz veins identified in 2006. To date 107 combined select chip and channel rock samples have been collected and submitted to ALS Chemex in Fairbanks for analysis. Watch this space!

The timing of any investment is of course an important consideration. For what it is worth we can see that the US dollar has been beaten up recently and now sits squarely on its support line. There is a possibility that it will bounce from this point having an adverse affect on gold. We don’t expect this bounce, if it does indeed happen, to last very long. However you may want to wait in the hope that you can buy this stock right on the bottom, good luck if you implement that strategy. We were happy enough to buy recently as we see it as good value, as the regular readers will already know. If you are new to this site you might want to take a look at the related articles for Silverado for more background information on this exciting gold and green fuel play.