EAGLE CREEK GOLD PROJECT

The Eagle Creek Property is located 10 miles north of Fairbanks, Alaska, 12 miles northeast of the Ester Dome Project, 6 miles southeast of the Kinross True North Gold Deposit (on which Silverado has an overriding production royalty) and 30 miles south of Kinross’s 7 million ounce Fort Knox producing gold mine. All of these properties are on a major gold trend.

Historically, Eagle Creek was Alaska’s second largest antimony producer. In the late 1980’s, Silverado built a 100 TPD gravity plant and processed the old mine dumps; successfully selling all antimony produced. Although Silverado originally studied this property for its antimony potential, the constant discovery of gold soon changed the property status from antimony to gold/antimony.

In addition to the high-grade gold bearing quartz veins found on Silverado’s large Eagle Creek property; the Company, in 2006, identified what appears to be a gold mineralized pluton which is a granitic or igneous (fire formed) rock located on the claims above the placer rich Treasure Creek portion of the property. This could lead to the development of an exceptionally large gold deposit, and would make ideal feedstock for the Kinross Fort Knox 40,000 TPD mill nearby.

Drilling in the massive stibnite (antimony sulfide) zones which ranged from 1’ to 6’ in width, also disclosed assays running up to 50 feet of 0.1 ounces gold per ton in the footwall of the antimony zone. This is extremely significant.

Drilling anomalous zones discovered by surface surveys in the 1980’s and 1990’s defined areas of gold mineralization that merit further work. Silverado plans to pursue these targets as time and budgets permit.

Remaining payments of $70,000 (at $5000 per year) will complete a 100% buyout of this rich and potentially productive property located 15 minutes by highway from Fairbanks.