Vancouver 2008 Resource Investment Conference a Success for Silverado
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Jan 25, 2008 02:10AM
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Vancouver 2008 Resource Investment Conference a Success for Silverado VANCOUVER, Jan. 25 /PRNewswire-FirstCall/ - (Silverado - OTCBB: SLGLF / Frankfurt : SLGL). Silverado Gold Mines Ltd., and its wholly owned subsidiary, Silverado Green Fuel Inc., were well received by investors and visitors alike at the recent conference and exhibition (Jan 20-21), attended by over 9,000 registrants.
A draw for a half ounce Silverado gold nugget was done, with the help of Peter Dimmell, the immediate past President of the Prospectors and Developers Association of Canada (PDAC). A key message to investors, delivered in a speech at the conference by Greg McCoach, Editor of "The Mining Speculator" was, "I don't think the (current stock market) downturn will last long. Don't panic. Start buying now. Junior mining companies will soon have their day in the sun. Precious metals will start to go up, and metal stocks will go up with them." Silverado Gold Mines Ltd. Silverado's twelve square mile, 100% owned Nolan Property has yielded over $ 15 million in gold and antimony. 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/no... 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 is being carried out, 24/7, to explore lode deposits which are potentially the source of placer nuggets. Silverado had already discovered 93-97% pure gold nuggets in the 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/p... "Silverado Can Supply Growing $200 Million Antimony Market" (Jan 9, 2008) http://www.silverado.com/pressroom/p... "More Gold Findings On Silverado's 100% Owned, Nolan Creek Property" (November 26, 2007) http://www.silverado.com/pressroom/p... "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/p... ). 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/es... 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/ea... Silverado Green Fuel Inc. Green Fuel can be used to power oil-fired power plants directly, or be used as a feedstock for further processing to produce transportation fuels (jet, diesel, gasoline), key agricultural compounds (fertilizers, synthetic petrochemical feedstocks, urea), industrial products (oils, lubricants, synthetics) and even consumer products (plastics, packaging, etc.). Silverado Green Fuel can also be further processed to produce pure, clean hydrogen to power fuel cell automobiles and electrical generation (power) plants. Estimates are that Silverado Green Fuel will be commercially produced at under US$15 per barrel, on an oil equivalent energy basis, compared to current $90 - $100/barrel crude oil prices ($90.30, Jan 17/08). "Our ability to adhere to our belief in Silverado Green Fuel has led us to being at the right place, at the right time. Most of the U.S. Presidential candidates are very supportive of clean coal, or coal - to - liquid fuel, and the Energy Bill delivers support to the industry to act on clean coal technologies," states Garry Anselmo, Silverado President and CEO. "By sticking with our vision, we are in the forefront of domestic energy self sufficiency for America." See "OBAMA, HUCKABEE, CLINTON, ROCKEFELLER AND ROMNEY SUPPORT COAL-TO-LIQUID FUEL", Jan 8/08 http://www.silveradogreenfuel.com/pr... 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 :- www.silveradogreenfuel.com Silverado Gold Mines Ltd. 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. CONTACT: Investor Relations: E-mail: ir@silverado.com; Public Relations: E-mail: pr@silverado.com; Media Relations: jay@silverado.com; Toll Free: 1-800-665-4646 (Canada and USA only)
Source: Silverado Gold Mines Ltd.
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