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Agnico-Eagle’s (NYSE: AEM) Interest in Ester Dome Validates Silverado’s (OTCBB: SLGLF) Project; Gold Continues to Soar

Per a October 14, 2010 article from MiningNewsNorth.com, Agnico-Eagle Mines Ltd. has signed a letter of intent with Miranda Gold Corp. to earn a joint-venture interest in the Ester Dome project, which is located in the Fairbanks Mining District of Alaska. This district has produced over 9.5 million ounces of placer gold, 3 million of which were mined in and around Ester Dome.

This news could be seen as a coup for shareholders of Silverado Gold Mines Ltd. (OTCBB: SLGLF). Agnico-Eagle’s LaRonde Mine in Quebec is Canada’s largest operating gold mine in terms of reserves. The fact that this goliath gold company with a $13B+ Market Cap has taken interest in the region where Silverado retains the Nolan Creek project, and a large portion of the Ester Dome project, further indicates the feasibility of Silverado finding a JV or financing partner to develop their side of Ester Dome.

Located about five miles west-northwest of Fairbanks, the Ester Dome project consists of 181 Alaska state mining claims covering approximately 13.8 square miles. It could be ascertained that as Agnico-Eagle and Mirando Gold prove reserves and build infrastructure at Ester Dome, financing Silverado Gold Mines’ interest in Ester Dome becomes much more attractive.

The recent news of the Fed’s bond buying initiative could provide for a continued bull market for gold prices. Junior miners throughout the world are gathering steam, and Silverado Gold Mines (OTCBB: SLGLF) holds a portfolio of attractive properties to develop.

According to a Reuters survey released Friday, gold's record-breaking climb should continue for at least six months, corresponding to the planned duration of the Federal Reserve's monetary stimulus.
Two out of three respondents see gold prices topping out between $1,400 and $1,500 an ounce on an interim basis, with most analysts surveyed expecting prices to peak during the first or second quarter of next year.

Information for this article was compiled from the following sources:

http://www.petroleumnews.com/mnfriends/04-41-1.html
http://www.silverado.com/
http://www.comstockmining.com/

This editorial and corporate profile is a paid advertisement and is provided for information purposes only; it should not be used as the basis for any investment decision. Del Mar Corporate Consulting, LLC has received a total of 15,000,000 restricted rule 144 common shares and expects to receive an additional 30,000,000 restricted rule 144 common shares from the Silverado Gold Mines, Ltd. as compensation for preparation and distribution of this editorial, corporate profile, as well as other investor relations services. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Del Mar Corporate Consulting, LLC and its principals currently hold 15,000,000 shares in the company profiled. Del Mar Corporate Consulting, LLC or its principals may buy or sell securities in the company profiled at any time without notice.