VANCOUVER 2008 RESOURCE INVESTMENT CONFERENCE A SUCCESS FOR SILVERADO
JANUARY 25, 2008 - Fairbanks , Alaska, USA - Vancouver, BC, Canada
SILVERADO - OTCBB: SLGLF / Frankfurt : SLGL / Berlin : SLGL
(January 25,2008, Vancouver, BC, Canada:) (Silverado - OTCBB: SLGLF / Frankfurt : SLGL). Silverado Gold Mines Ltd., and its wholly owned subsidiary, Silverado Green Fuel Inc., were well received by investors and visitors alike at the recent conference and exhibition (Jan 20-21), attended by over 9,000 registrants.
"What we offered investors, over others at the show, was not only some exciting gold opportunities, based on over 40 years of being in the gold exploration and mining business in Alaska, but also our innovative green fuel (coal - to - liquid fuel) initiative. Visitors were keen on both, and recognized that Silverado is in two of the hottest markets today, gold and energy", stated Bob Dynes, Silverado's Investor Relations Manager.
A draw for a half ounce Silverado gold nugget was done, with the help of Peter Dimmell, the immediate past President of the Prospectors and Developers Association of Canada (PDAC).
A key message to investors, delivered in a speech at the conference by Greg McCoach, Editor of "The Mining Speculator", was "I don't think the (current stock market) downturn will last long. Don't panic. Start buying now. Junior mining companies will soon have their day in the sun. Precious metals will start to go up, and metal stocks will go up with them."
Silverado Gold Mines Ltd.
Silverado's twelve square mile, 100% owned Nolan Property has yielded over $ 15 million in gold and antimony. This was produced on test basis activity only. The area, over its pre - Silverado historical 'gold rush mining', produced 120,000 oz of gold, and generated a 136 oz gold nugget, the second largest ever found in Alaska. Silverado discovered the tenth largest gold nugget, at 41 oz. - [ Click Here ] for details
Silverado's Nolan property includes infrastructure built, and paid for, including a 24 person accommodation, machine shop and heavy equipment maintenance. With all permits in place, Silverado has recently invested $ 1 million for specialized underground exploration and mining equipment. Underground exploration is being carried out, 24/7, to explore lode deposits which are potentially the source of placer nuggets. Silverado had already discovered 93-97% pure gold nuggets in the area.
"Exploration Drilling On Workman's Bench At Nolan Creek Reveals Gold Grades Up To 0.55 Toz/Ton And 34.51% Antimony. Gold And Antimony Mineralization Now Extends From North End Of 700' Long Pringle Bench Area To The South End Of Workman's Bench Area, A Distance Of 1300 Feet" (Jan 14, 2008) - [Click Here]
"Silverado Can Supply Growing $200 Million Antimony Market" (Jan 9, 2008) - [Click Here]
"More Gold Findings On Silverado's 100% Owned, Nolan Creek Property" (November 26, 2007) - [Click Here]
"Silverado Invests Over $1 Million To Carry Out Year Round, Underground High Grade Antimony and Gold Exploration" (November 19, 2007) - [Click Here]
Silverado's Ester Dome property has generated, on a test basis only, $ 10 million of top quality gold bullion. Ester Dome has a 300 ton/day plant, which can be re-opened, as the opportunities present themselves. - [ Click Here ] for details
Silverado's Eagle Creek, a gold and antimony property, is the second largest antimony producer in the region. In past years, Silverado built and operated a 100 ton/day plant on Eagle Creek and successfully sold concentrates produced on a test basis. This property needs very little work to make a production decision. - [ Click Here ] for details
Silverado Green Fuel Inc
Green Fuel can be used to power oil-fired power plants directly, or be used as a feedstock for further processing to produce transportation fuels (jet, diesel, gasoline), key agricultural compounds (fertilizers, synthetic petrochemical feedstocks, urea), industrial products (oils, lubricants, synthetics) and even consumer products (plastics, packaging, etc.). Silverado Green Fuel can also be further processed to produce pure, clean hydrogen to power fuel cell automobiles and electrical generation (power) plants.
Estimates are that Silverado Green Fuel will be commercially produced at under US$15 per barrel, on an oil equivalent energy basis, compared to current $90 - $100/barrel crude oil prices ($90.30, Jan 17/08).
"Our ability to adhere to our belief in Silverado Green Fuel has led us to being at the right place, at the right time. Most of the U.S. Presidential candidates are very supportive of clean coal, or coal - to - liquid fuel, and the Energy Bill delivers support to the industry to act on clean coal technologies", states Garry Anselmo, Silverado President and CEO. "By sticking with our vision, we are in the forefront of domestic energy self sufficiency for America."
See "Obama, Huckabee, Clinton, Rockefeller And Romney Support Coal-To-Liquid Fuel", Jan 8/08 - [Click Here]
Silverado is also a Canadian RRSP Investment Opportunity
Silverado Gold Mines Ltd. shares currently trade on the Frankfurt stock exchange under the symbol SLGL; as well as the OTC under the symbol SLGLF.
The rules and regulations guiding Registered Retirement Savings Plans (RRSPs) in Canada state that: securities trading on the Frankfurt Stock Exchange in Germany qualify as eligible RRSP investments. Therefore Silverado shares qualify for Canadian RRSPs.
Not only can investors participate in the gold markets and energy markets through ownership of Silverado stock, but now shareholders can use their investment in Silverado Gold Mines Ltd. as a tax planning technique in Canada.
Silverado Gold Mines Ltd.
Silverado is an international company focused on Gold and a new environmentally friendly Fuel Technology. Silverado has gold properties located throughout Alaska which include the 100% owned Nolan Placer Gold Mine. Silverado is also in the planning phase of an environmentally friendly low cost strategic fuel facility. Silverado's Green Fuel will be produced from low-rank coal and turned into a environmentally friendly oil substitute. Silverado Green Fuel Inc. is a wholly owned subsidiary of its publicly traded parent, Silverado Gold Mines Ltd. For more information about Silverado Green Fuel Inc., please visit www.silveradogreenfuel.com and the parent public corporation, www.silverado.com. 1 604 689 1535, 1 800 665 4646. Contact ir@silverado.com
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.
Silverado Green Fuel Inc.(website and Green Fuel Video) www.silveradogreenfuel.com
Silverado Gold Mines Ltd. www.silverado.com
More Information? www.silverado.com/investors/request
SILVERADO GOLD MINES LTD.
Mailing Address:
Suite 1820 - 1111 West Georgia St
Vancouver, British Columbia
Canada V6E 4M3
Trading Symbols:
OTC BB - SLGLF
FRANKFURT - SLGL
Telephone: (604) 689-1535,
Facsimile: (604) 682-3519
Investor Relations: E-mail: ir@silverado.com
Public Relations : E-mail: pr@silverado.com
Media Relations: E-mail: jay@silverado.com
Toll Free: 1-800-665-4646
(Canada and USA only)
DID YOU KNOW?
Materials recovered by mining include bauxite, coal, copper, gold, silver, diamonds, iron, precious metals, lead, limestone, nickel, phosphate, oil shale, rock salt, tin, uranium, and molybdenum.
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