Re: Bundtzen Report
posted on
Oct 25, 2008 07:02AM
According to the first paragraph in the Oct. 23 PR, Silverado Gold has all the assay results back from the lab for this Spring-Summer drilling program. So I would assume the geologists are working on the 43-101 preliminary fessibility report right now with their conclusion as to the total amount of Gold and Antimony the company has found in reserves for the Workman's Bench area.
http://www.silverado.com/s/NewsRelea...
If one looks real close at the recent Oct. 23 Silverado Gold hole location map, you will notice all the Antimony veins in purple color covering the map located above the Workman's bench tunnel area. This ia what the comapny has found from this past Spring-Summer drilling program. As you can see this whole area is very rich in Antimony and my guess is that the probability is very high that the proceeds from the Antimony mined will be more than enough to pay for all the Gold mined in this area. Another wards the Gold will be mined for free !
Keep in mind that the majority of other gold mining companies production cost for Gold average around $500/oz.
http://www.silverado.com/i/pdf/2008-...
You can't go wrong at the current price for Silverado Gold shares, do the math. If it goes to 10 cents, what is your return on your 1 cent investment.. its a no brainer !!
THE GRIM REAPER