silverado goldmines (867737)
ON NOLAN GOLD PROJECT ALASKA
By Thomas K. Bundtzen, P.Geo., B.S., M.S.
REPORT DISCLOSES
COARSE GOLD - HIGH GRADES - AND NEARBY LODE SOURCE
MARCH 01- 2006 - Fairbanks , Alaska – USA - Vancouver, BC – Canada
SILVERADO - OTCBB: SLGLF / Frankfurt : SLGL / Berlin : SLGL
Operations continue on Silverado’s Nolan Gold Project, located 175 air miles north of Fairbanks, Alaska. The Company has received the results of an independent professional geologist’s report on the project. The findings of this report are as follows.
“During 2005 – 2006, Silverado has, in the writer’s judgment, completed a well researched plan to bulk sample and mine the frozen gravel deposits of the Swede Channel using underground mining technologies. The company has benefited from good management decisions, a competent crew, and a conservative work force.
The writer has never seen placer gold concentrates at any time during his career that have such a high ratio of coarse to fine gold. Nearly 75 percent of the gold by weight was in three large nuggets ranging from 180 – 290.6 grains (0.375 – 0.605 oz) in weight; much of the remainder is also coarse gold. The writer estimates that no more that 10 – 15 percent of the gold is -30 mesh or smaller; due to the relatively small sample size, no mesh studies were completed and this can be only regarded as a qualitative conclusion”.
Silverado receives an average premium of 66% over gold price for its nugget gold by selling directly to jewelers.
http://www.silverado.com/march012006/high-swede-sample-pic.jpg
Gold from samples range from coarse to fines with three large nuggets weighing 0.375 to 0.605 troy ounces
“Gold grades in the six sample sites range from nil to 29.52 ounces/cubic yard and average 12.36 ounces/cubic yard. It must be emphasized that these results cannot be considered to be representative of the placer deposit being developed, because the samples were selected on the basis of the location of metal detector anomalies found at the bedrock-channel interface in specific non-random localities. These sample sites must be considered to be selected high grade examples, and do not constitute average gold grades for the deposit. Never-the-less, the results of the panned concentrate samples reported here indicate that localized, very high grade auriferous zones are present in the Swede Channel currently being evaluated by the bulk sample program.
The abundance of sulfides in all of the gold-bearing heavy mineral concentrates strongly implies that the lode source for the sulfides and perhaps the gold must be in immediate proximity to the placer deposit. The writer is planning on completing further mineralogical identification with the aid of an electron microprobe.
The writer estimates that about 3000 - 3500 cubic yards of gravel had been stockpiled at the time of his visit on February 9th and 10th, 2006. The writer did not rigorously estimate size and grade of the deposit; however the average weighted grade of previous Silverado mining projects on Mary’s Bench and in the Swede Channel area is about 0.145 oz gold/cubic yard. The total yards of gold bearing combined gravel and bedrock obtained for the year from the bulk sample program will depend on when the operation must shut down due to spring time weather conditions.
The mine operations have been carried out in an efficient manner and the technical information from past and present operations has proven very useful in understanding the deposit. The writer is impressed with the conservative and efficient use of the work force, the relative comfort of the living conditions, and an emphasis on mine safety. Economic efficiency is a key element in ensuring the project’s financial success.
This independent review was prepared by Thomas K. Bundtzen; the President of Pacific Rim Geological Consulting, Inc. who has been an economic geologist for approximately 35 years. In addition to assessing heavy mineral placer deposits throughout Alaska, the writer has examined placer districts in Yukon, Canada, New Zealand, Finland, and eastern Russia. The writer is a Certified Professional Geologist (CPG #10912) with the American Institute of Professional Geologists (AIPG), which qualifies him to perform technical reviews under guidelines outlined in Canadian National Instrument 43-101 and for reviews requested by the U.S. Securities and Exchange Commission”.
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
SILVERADO GOLD MINES LTD.
Mailing Address ·505 - 1111 W. Georgia Street ·Vancouver, B.C. ·V6E 4M3 ·CA
(800) 665-4646 or (604) 689-1535 · F: (604) 682-3519 · pr@silverado.com · www.silverado.com
Field Address · P.O. Box 83730 · Fairbanks, Alaska. · 99708 · USA
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.
mache immer noch keine Sorgen, ganz im Gegenteil...
Ich denke dass der Tiefpunkt erreicht ist und wir zum Ende der Woche auch deutlich grüne Zahlen sehen werden. Vielleicht sind ja doch wieder gute News im Anmarsch. Zeit dafür wäre es ja langsam.
Allen Investierten weiterhin Glück auf.
Erklärung der FAchmänner???
morgen nochmal so ein riesenumsatz in usa
und der kurs wäre bereinigt-
(auf zwei stelzen stehts sich auch besser-
siehe doppelstelzen ende januar)
alle die raus wollen, sind dann auch raus
und der kurs kann wieder steigen.
hab schon mal einen kleineren kauf gewagt.
gruß- kl.
Es scheint noch Tage dauern, bis die Umschichtung zu Ende kommt.
Also Geduld!
KH
die meisten der begünstigten "investoren"
sind ihre stücke gewinnbringend losgeworden-
aber eben noch nicht alle, da gibts heut noch
nen rutsch und das dürfte es dann gewesen sein.
die mk ist dann auch wieder moderater.
für einen anstieg über die 0,20usd müßte es aber
endlich mal positive news zum green-fuel-programm
geben.
frage mich grad, warum bush ausgerechnet in
silverado investieren sollte-
gibt doch noch andere projekte mit dem green-fuel-programm-
außerdem wollen die doch sicher unabhängig sein.
am bestens wärs dann ja,
die amis kauften den ganzen laden gleich auf-
für 1 usd/share oder mehr - hihihi
ich geh mal lieber spazieren, anstatt hier
weiter unsinn zu verzapfen-
gruß - kl.