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Message: Silverado Gold Mine LTD., Following the Massive Antimony-Gold Veins

Silverado Gold Mine LTD., Following the Massive Antimony-Gold Veins

posted on Mar 16, 2009 07:15AM

Have you guys had a chance to read the recent Silverado Gold Mine LTD annual Form 10-kSB report ? If not here are a few tib-bits of Gold-Antimony Nuggets from that annual report for you to read.

I can see that the company has now changed their course from following the gold nugget trail which has lead them too their current project, following the massive Gold-Antimony mineralize zone !!The company is begining to connect the dots by following this huge Antimony-Gold Veins that is leading them from Workman's Bench to Pengles Bench and I also noted that this huge 100 foot wide mineralized zone is still open to depth. ... WOW !!


Here is an exceprt from the 10-KSB annual report, bottom of page 3

2008

During the winter of 2008, the Company excavated 570 feet of exploration tunnels into the bedrock below Workman’s Bench. During the summer of 2008, the Company began the second phase of diamond core drilling, focusing on the Workman’s Bench area, and did not drill north of Smith Creek. The Company continued with the ground (non airborne) very low frequency electromagnetic (VLF-EM) geophysical grid in the Fortress area located on the north end of the property.

The drilling under Workman’s Bench delineated 1,300 feet of gold and antimony mineralization in near vertical structures or veins that extend down dip two hundred feet and remain open at depth. The steeply dipping (near vertical) veins are much more favorable for mining and engineering purposes than lower angled subsurface structures. The 1,300 ft long and 80 to 100 ft wide zone of quartz-antimony-gold veins extends from Smith Creek southwest across Workman’s Bench and is interpreted by the Company to have been offset by a left-lateral fault at its southern extent. The interpretation of the left-lateral fault is based off of both geophysical data, and drill data, and it has possibly displaced the quartz-antimony-gold veined zone. The 1,300 ft long veined zone, located south of Smith Creek, under Workman’s Bench, requires 600 ft of infill drilling to confirm whether the zone connects with the veined zone underlying the Pringle Bench, which was drilled in 2007. The Company attempted to infill drill the area in the fall of 2008, but freezing temperatures halted that effort

Here is an exceprt from that 10-KSB annual report, page 5

1.3.2 2008 Nolan Lode Gold and Antimony Bulk Sampling Project

During 2008, the Company did not explore for placer gold resources. The exploration efforts involved the systematic process that may eventually allow for the extraction of a bulk sample or samples of gold-bearing semi-massive to massive stibnite (antimony mineral) from a lode source for mineral processing and metallurgical testing, with consideration for both gold and antimony as potential resources.

On November 16, 2007, we began the excavation of the Workman’s Bench Portal and continued excavating 570 feet of underground workings into the bedrock below Workman’s Bench. The tunnels were finished in early February of 2008. The tunnels are interconnected and serve a multitude of purposes. The first purpose was for determining the overall width of the veined gold and antimony mineralized zone and establishing the strike and dip of the individual quartz-gold-antimony veins. The second purpose was for the collection of insitu bedrock channel samples for geochemical assays, and the third was for the collection of significantly larger (bulk) samples of the main gold and antimony vein referred to by the Company as the Zone A vein, that typically consists of massive stibnite and gold, for more accurate geochemical assays as well as for preliminary milling and processing studies of the gold and antimony.

The final purpose of the tunnels is for access and egress for future bulk sampling at depth. Depending on funding, the Company plans to collect either a 1,000 cubic yard or 2,000 cubic yard bulk sample of the main gold and antimony vein referred to by the Company as the A Zone Vein. Other potential targets for future exploration and development include the West Zone, B Zone and C Zone that parallel the main A Zone Vein.

Thomas K. Bundtzen (the “QP”), an independent and AIPG Certified Professional Geologist, served as an independent third-party qualified person to the Company for the purpose of certifying and collecting data for the Nolan Gold Project. In April 2008, the QP collected a 414 lb bulk sample of semi-massive stibnite, vein quartz, and wall rock gangue from the defined mineralized ‘A’ Zone in the Workman’s Bench underground workings. The purpose was to determine the mineralogical nature of the antimony mineralization and the source of significant gold values within the ‘A’ Zone.

THE GRIM REAPER

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