silverado goldmines (867737)
We require additional financings in order to fund our plan of operations. We anticipate continuing to rely on equity sales of our common shares in order to continue to fund our business operations. Issuances of additional shares will result in dilution to our existing shareholders.
Low-Rank Coal-Water Fuel Business
There is no assurance that we will be awarded any grant or private funding or that we will be able to complete any additional sales of our equity securities or arrange for debt or other financing to fund this component of our plan of operations.
FAIRBANKS, AK and VANCOUVER, BC, July 18 /PRNewswire-FirstCall/ - Gold recovery operations at the Nolan Gold Mine located North of Fairbanks Alaska are proceeding well and preliminary results are showing an abundance of large gold with extremely fine character.
The gold is high quality jewelry grade and is the finest that the ground has yielded to date. In prior test production years, some ten million ($US 10,000,000) in gold was sold. The average sales price of the gold nuggets was 67% over the price of gold due to their jewelry quality. At today's gold prices including the 67% premium, we would receive over $US 1,000 per ounce. The larger gold nuggets sell for substantially higher premiums. Based on prior sales experience, this season's large collector size pieces such as those shown here: http://www.silverado.com/july182006 will sell for over $US 2,000 per ounce. The gold is ranging in size from sand to 9.03 troy ounces (so far). The majority of the nuggets range from 0.5 to 1.5 inch (+1 ounce), which is ideal jewelry size.
The sluice plant is running 24 hours per day and is operating efficiently in its closed circuit, zero discharge to the environment - ecologically sound design.
Total gold recoveries and related financial numbers will be released as available during the balance of the year. Last winter and spring saw the completion of 1200 feet of underground development on the Swede Channel and the construction of the finished sluice plant. Underground work will commence after freeze up (October 2006) and will include the removal of the remaining 60% of the Swede Channel gold bearing gravels which were developed this year. Underground work will also be conducted on gold bearing gravels which were discovered in prior years drilling. These areas are either adjoining or near our underground workings and will continue to be expanded under the current drilling program which will continue into the upcoming winter. Exploration drilling is also being conducted on other parts of our 11 square mile property where gold has been encountered in prior drilling and test mining.
This press release was prepared by Edward J. Armstrong, Certified Professional Geologist; who is a qualified person as defined under the standards of Canadian National Instrument policy 43-101.
To learn more about Silverado Gold Mines Ltd., visit us online at http://www.silverado.com or contact Bob Dynes, Investor relations, toll free at 1-800-665-4646.
This Press Release may contain, in addition to historical information, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on management's expectations and beliefs, and involve risks and uncertainties. These statements may involve known and unknown risks and uncertainties and other factors that may cause the actual results to be materially different from the results implied herein. Readers are cautioned not to place undue reliance on the forward-looking statements made in this Press Release.
CONTACT: SILVERADO GOLD MINES LTD., Mailing Address - 505 - 1111 W. Georgia Street, Vancouver, B.C., V6E 4M3, Canada, (800) 665-4646 or (604) 689-1535, F: (604) 682-3519, pr@silverado.com, http://www.silverado.com; Field Address - P.O. Box 83730, Fairbanks, Alaska, 99708, USA
da ist ne Menge verdrängter Stress in mir *smile*
warten wir mal ab, wie sie wirkt...
ich bin nervös, ich bin happy nud das herz hüpft
Oder sind wir einfach nur zu dämlich und steigen erst wieder ein wenn der Ami richtig los legt ??
die News sind klasse vor Allem sagt uns das eines, sie sind auf dem richtigen Weg...
Oktober wird an gleicher Stelle weiter und tiefer gegraben dann ist noch mehr Gold zu erwarten udn mittendrin wird uns dann die Enscheidung zur Green Fuel Vörderung offenbart...
Es fängt an zu laufen...
haben wir NEWS und ich hoffe mal das das mehr zählt als die Shorties die versuchen
ihren Arsch zu retten... :))
die haben ja an der NOlan mine noch unmengen material rumliegen, was jetzt erst ausgewaschen wird.
außerdem haben das schon wieder einige vorher gewußt-
vielleicht erinnert sich ja noch jemand an die 300k-blöcke-
anschließend wurde der kurs immer mit ein paar tausend stücken
hochgezerrt.
sieht so aus, als würde slglf demnächst wieder bei 0,05$ stehen.
dann sind die gaps wirklich zu.
mit einem wiedereinstieg warte ich mal ab,
wieviel neue aktien nun auf den markt kommen.
gruß - kl.
der jenige hat gemerkt das die amis nicht auf die guten nachrichten reagieren!
und da der kurs um 16:17 real! wenn man den dollarkurs berechnet in NewYork (0,068)bei 0,0544 lag!
ist der kurs auf 0,051 gerutscht...
anschließend um 16:18 durch die 0 angepaßt am aktuellen kurs in New York (0,0671)!!!
naja... euphorischer beginn... aber leider sind die amis die besseren zocker...
bin aber heute auch wieder aufmerksam geworden... mehr schwarz weiße schriften müssen kommen...
Und Psychologie ist die Sache mit den Nerven.
Ihr seid Spieler, keine Anleger!
Die Spieler im Casino suchen nach Gesetzmäßigkeiten. (schönen Gruß an die Charttechniker)
Wir spielen mit Gefühlen Anderer, Andere mit unseren.
Und ich glaube an den Garry!
Amen.