Free
Message: Quarterly Report ?????

Plow-

Pringle Bench shows surface samples assayed gold 5.22 ounces per ton gold across 16.4 feet and the Drill chart shows gold encountered at different depths of drilling which is a big plus.

http://www.silveradoweb.com/i/sep22-01.jpg

You will notice that hole # 09SH18 shows 5.72 oz. Gold/ton was intercepted at 75 ft. and is one foot thick $$$$ Ka-Ching Ka-Ching $$$$

Antimony has also been encountered at all different depths

Examle of Antimony per ton: 51% (for one area)

one short ton = 2,000 lbs. (metric ton = 2,204 lbs)

.51 x 2,000 lbs. = 1020 lbs.. of Antimony per ton

1020 lbs. x $3 = $3,060 Antimony per ton

So to put this into proper perspective, Silverado will be making lots of money from all the Antimony while digging-up the gold.

Silverado Production cost for gold could be close to zero and in most cases it will probale be zero. I remember reading that the average production cost for mining gold is around $500-$600/ oz. translation= anything over $500 is profit. So, while most gold companies will make $500 profit with gold prices at $1,000; Silverado's profits for gold could be close to $1,000 per oz. $$$$

$$$ Ka-Ching Ka-Ching $$$


Share
New Message
Please login to post a reply