SLGLF--Silverado Invests Over $1 Million To Carry Out Year Round

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ST8

Posted: 21 July 2008 07:43 AM

Master

Total Posts 179

Joined 2007-07-29

Silverado Receives Encouraging Preliminary 2008 Drill Results at Nolan Creek

VANCOUVER, July 21 /PRNewswire-FirstCall/ - Silverado Gold Mines Ltd.
(the “Company” or “Silverado") SLGLF OTCBB, SLGL Frankfurt,
http://www.silverado.com, announces today that it has completed 16 drill holes
totaling 4,823 ft. as part of its 2008 exploration drilling at Workman’s
Bench, the Company’s prime exploration target on its Nolan Creek property.
This year’s drilling has extended the known lateral extent of the stibnite
(antimony)-gold vein systems on Workman’s Bench from 600 ft. to 1,000 ft.
Visible gold was observed in drill core from holes 08SH1B and 08SH08. The
Company has also collected four large underground samples of stibnite and
gold mineralized rock from the main vein in Tunnel D, which assayed as high
as 2.02 troy ounces of gold per ton, and 40.39% antimony.

This years drilling on Workman’s Bench has focused on defining the
lateral and vertical extent of the known gold and antimony mineralized
zones, in particular on the main exposed vein in underground exploration
Tunnels C and D. Information thus far indicates the gold and antimony
mineralized zones at Workman’s Bench are open laterally and at depth. A
drill hole location map for these zones can be found on the Company’s
website on the Nolan Creek project page at
http://www.silverado.com/i/pdf/2008-07-21_Fig1.pdf

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hys.1

Posted: 30 July 2008 11:01 PM

Junior Member

Total Posts 4

Joined 2008-07-30

Silverado Releases Mineral Resource Estimates for its Nolan Creek Property in Alaska

VANCOUVER, July 30 /PRNewswire-FirstCall/ - Silverado Gold Mines Ltd.
(the “Company") (SLGLF OTCBB, SLGL Frankfurt http://www.silverado.com), is pleased
to announce that it has received completed antimony and gold mineral
resource estimates for its Nolan Creek property from Thomas K. Bundtzen
("Bundtzen") of Pacific Rim Geological Consulting Inc., the independent
mining consultant commissioned by the Company to prepare a NI 43-101
Technical Report. The Technical Report dated July 29, 2008 was filed today
on SEDAR and is available at http://www.sedar.com. The Nolan Creek property
includes the Workman’s Bench Gold-Antimony Deposit, Koyukuk District,
Northern Alaska and the Nolan Creek placer gold deposits. The mineral
resource estimate tables below do not include the most recent drilling
results which have been reported in the Company’s news release dated July
21, 2008.

Workman’s Bench Antimony Mineral Resource Estimate

Bundtzen has confirmed the inferred mineral resource estimate of 24,090
short tons of antimony and gold mineralized rock with an estimated grade of
38.69 percent antimony and 0.446 oz/ton gold, which contains 9,321 short
tons of antimony metal and 10,737 ounces of gold. The following table
summarizes the mineral resource estimate for the Workman’s Bench
Gold-Antimony Deposit (effective July 2, 2008):

-------------------------------------------------------------------------
Cut-Off
Grade Quantity Grade Metal Grade Metal
Category (% Sb) (ton) (% Sb) (ton Sb) (oz/ton Au) (oz Au)
-------------------------------------------------------------------------
Inferred 4.0 24,090 38.69 9,321 0.446 10,737
-------------------------------------------------------------------------

Notes:

Since 1994, mineral resource estimates have been made by the Company
relating to the Nolan Creek placer gold deposit area. Bundtzen was given
access to all exploration data previously acquired by the Company to
determine the current resource estimate of placer gold in the Nolan Creek
placer gold deposits. The table below summarizes the mineral resource
estimate for the Nolan Creek placer gold deposit (effective July 2, 2008).
Note that rounding to three significant figures may result in
discrepancies:

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hys.1

Posted: 30 July 2008 11:01 PM

Junior Member

Total Posts 4

Joined 2008-07-30

-------------------------------------------------------------------------
Cut-Off Grade Quantity Gold Grade Metal
Category (oz/cu yd Au) (cu yd) (oz/cu yd Au) (oz Au)
-------------------------------------------------------------------------
Indicated 0.06 66,800 0.095 6,250
-------------------------------------------------------------------------
Inferred 0.01 185,670 0.033 6,177
-------------------------------------------------------------------------

Notes:

- Mineral resources which are not mineral reserves do not have
demonstrated economic viability. The estimate of mineral resources
may be materially affected by environmental, permitting, legal,
title, taxation, socio-political, marketing, or other relevant
issues. There has been insufficient exploration to define these
inferred mineral resources as an indicated or measured mineral
resource, and it is uncertain if further exploration will result in
upgrading the inferred mineral resource to an indicated or measured
mineral resource category.
- Rounding may result in some discrepancies.
- No processing recovery factors have been applied to these resource
figures.
- The industry standard unit of quantity for Alaskan placer deposit is
cubic yards. The weight of a cubic yard varies, but averages about
2.4 short tons.
The Nolan Creek placer gold deposit occurs in steep 2nd and 3rd order
streams and in discontinuous bench deposits above the modern valley floors,
which have formed as a result of rapidly changing base levels caused by
fluctuating past glacial conditions. As such the actual deposits are small
and disjointed. Although drill densities and exploration activities have
resulted in the discovery and test mining of individual placer gold
deposits, the Company has not yet identified a resource base sufficient for
establishing annual production levels over a sustained period of time. The
Company may continue with test mining of small placer gold deposits at the
Nolan Creek property without establishing that the placer gold deposits
contain sustainable and commercially viable mineral deposits.

Assumptions and Methods

Bundtzen included the following steps during calculation of the indicated
and inferred resources at Nolan Creek:

- personal inspection of both Workman’s Bench lode-style and the
Nolan Creek placer-style gold properties during 1994, 1999, 2004 and
2006-2008;
- database compilation and data validation;
- geological interpretation and modeling;
- compositing assay intervals to a common length;
- determination of average material density for both lode and placer
properties;
- analysis of grade variability;
- polygonal estimation of grade by compositing of sample assay
information taken within designated widths and lengths of mineralized
zones;
- assignment of appropriate cut-off grades, the lowest grade that can
be mined economically;
- classification of confidence in the estimates with respect to CIM
(2005) guidelines; and
- mineral resource tabulation and validation of the resource estimate.
Data Verification

During numerous personal inspections of the Nolan Creek properties
(1994 to 2008) the QP has observed sample collection and sample preparation
practices for lode-style and placer-style deposits.

On June 13 and 14, 2008, the QP visited Nolan Camp and examined all
significantly mineralized core intervals acquired from the 2007 exploration
of the Workman’s Bench property. A total of 18 mineralized intervals were
examined. The analytical data was compared with each of the mineralized
zones to confirm the elevated antimony and gold values in the sampled
intervals.

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hys.1

Posted: 30 July 2008 11:02 PM

Junior Member

Total Posts 4

Joined 2008-07-30

Although drill core intervals can be checked through re-assay and
inspection, placer intervals cannot be checked as the sample material is
completely consumed during analysis. The QP has observed Silverado
contractors preparing placer samples, concentrating and separating gold
from the samples, weighing the recovered gold, and calculating the gold
content per unit volume of material. The QP interviewed Silverado
contractors involved in placer drill hole sampling and analysis during the
1990s and the 2003 to 2004 exploration programs. The QP is satisfied that
this sampling and analysis was carried out in a sound manner.

Selected field duplicates of sampled intervals, two from underground
channels, and one from a trench, were submitted by the QP to an umpire
laboratory (Alaska Assay Laboratories LLC) to check analytical results from
ALS Chemex. In as much that the samples are collected by different
individuals at different times and analyzed by different labs, the QP
judges that results from this limited comparison indicate acceptable levels
of bias and accuracy for gold and antimony values and confirm the existence
of mineralization.

Qualified Person

The mineral resource estimates contained in this news release were
prepared by Thomas K. Bundtzen, President of Pacific Rim Geological
Consulting, Inc., who is independent of the Company as defined by NI
43-101. Bundtzen is a Certified Professional Geologist with the American
Institute of Professional Geologists. Bundtzen is the author of NI 43-101
Technical Report entitled “Estimation of Lode and Placer Mineral Resources,
Nolan Creek, Wiseman B-1 Quadrangle, Koyukuk Mining District, Northern
Alaska” dated July 29, 2008 which the Company has filed today on SEDAR.
Bundtzen is a qualified person as defined by NI 43-101 and has verified the
data contained in this news release for accuracy.

The mineral resource estimates reported in this news release were
reported with reference to the Canadian Institute of Mining, Metallurgy and
Petroleum Standards on Mineral Resources and Reserves, Definitions and
Guidelines prepared by the CIM Standing Committee on Reserve Definitions
and adopted by the CIM Council on December 11, 2005 and referred to in NI
43-101, and are not compliant with US Securities and Exchange Commission
(the “SEC") Industry Guide 7 guidelines. In addition, measured mineral
resources, indicated mineral resources and inferred mineral resources,
while recognized and required by Canadian Securities Administrators, are
not defined terms under SEC Industry Guide 7. US investors are advised that
NI 43-101 standards and the SEC’s Industry Guide 7 standards are
substantially different, and that many of the terms and concepts set out in
and required to be disclosed by NI 43-101 as information material to the
Company are neither recognized by the SEC nor included in or compliant with
Industry Guide 7 standards. Investors are cautioned not to assume that any
part or all of the mineral resource estimates in these categories will ever
be confirmed or converted into a SEC Industry Guide 7 compliant “reserve”.

About the Company

The Company is an exploration stage company focused on the exploration
of gold properties, with some past production, and the development of new
environmentally friendly low-rank coal water fuel technology. The Company
has gold properties located throughout Alaska, which include a 100%
interest in numerous mining claims located on the Nolan Creek property. The
Company is developing low-rank coal water fuel that is designed to be
produced from low-rank coal and processed into an 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
http://www.silveradogreenfuel.com/ and the public parent corporation at
http://www.silverado.com/.

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hys.1

Posted: 30 July 2008 11:02 PM

Junior Member

Total Posts 4

Joined 2008-07-30

Forward-Looking Statements

This news 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. Statements in this news release that are
forward-looking statements are based on the current expectations, beliefs,
assumptions, estimates and forecasts about the Company’s business and the
industry and markets in which it operates. Such forward-looking statements
involve risks and uncertainties regarding the market price of gold,
availability of funds, government regulations, common share prices,
operating costs, capital costs, outcomes of test mining activities and
other factors. Forward-looking statements are made, without limitation, in
relation to operating plans, property exploration activities, including
test mining activities, availability of funds, environmental reclamation,
operating costs and permit acquisition. Any statements contained herein
that are not statements of historical facts may be deemed to be
forward-looking statements. In some cases, you can identify forward-looking
statements by terminology such as “may”, “will”, “should”, “expect”,
“plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict”,
“potential”, or “continue”, and the negative of such terms or other
comparable terminology. Actual events or results may differ materially. In
evaluating these statements, you should consider various factors, including
the risks detailed in the Company’s filings with the Canadian Securities
Authorities and the US SEC. These factors may cause the Company’s actual
results to differ materially from any forward-looking statement. Except as
required by applicable securities laws, the Company disclaims any
obligation to publicly update these statements, or disclose any difference
between its actual results and those reflected in these statements. Given
these uncertainties, readers are cautioned not to place undue reliance on
such forward-looking statements.

SOURCE Silverado Gold Mines Ltd.

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Bull9

Posted: 05 August 2008 07:51 PM

Master

Total Posts 237

Joined 2007-07-29

Silverado announces revocation of Cease Trade Order

VANCOUVER, Aug. 5 /PRNewswire-FirstCall/ - Silverado Gold Mines Ltd.
(the “Company") (SLGLF OTCBB, SLGL Frankfurt, (http://www.silverado.com), is
pleased to report that the British Columbia Securities Commission today
issued an order revoking the Cease Trade Order issued against the Company
on May 13, 2008.

About the Company

SOURCE Silverado Gold Mines Ltd.

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OneTrader

Posted: 14 August 2008 06:52 AM

Master

Total Posts 193

Joined 2007-09-23

Silverado Announces Continued High Grade Gold and Antimony Mineralization in Drill Cores at Nolan Creek

VANCOUVER, Aug. 14 /PRNewswire-FirstCall/ - Silverado Gold Mines Ltd.
(the “Company” or “Silverado") SLGLF OTCBB, SLGL Frankfurt,
http://www.silverado.com, announced today that it has completed 20 drill holes
totaling 6,496 ft as part of its 2008 exploration drilling at Workman’s
Bench, the Company’s prime exploration target on its Nolan Creek property.
This year’s drilling has extended the known lateral extent of the stibnite
(antimony)-gold vein systems on Workman’s Bench from 600 ft to 1,000 ft.
The Company has now received all assays of mineralized veins for drill
holes 08SH01B, 08SH02, 08SH03, 08SH07, 08SH08, 08SH09 and 08SH10. Assay
results reveal grades as high as 2.68 troy ounces of gold per ton in drill
hole 08SH08, and 53.44% antimony in drill hole 08SH01B.

Workman’s Bench is the Company’s prime exploration target for a lode
gold and antimony deposit in the southwestern part of the Solomon Shear
Zone. The Solomon Shear Zone contains NE striking gold-antimony-quartz vein
systems which also occur in other areas on the Nolan Creek property,
including across Smith Creek on Pringle Bench and north of Smith Creek
Dome. A NI 43-101 Technical Report regarding the Nolan Creek property,
entitled “Estimation of Lode and Placer Mineral Resources, Nolan Creek
Wiseman B-1 Quadrangle, Koyukuk Mining District, Northern Alaska” dated
July 29, 2008, has been prepared by Thomas K. Bundtzen of Pacific Rim
Geological Consulting Inc. and is available on SEDAR at http://www.sedar.com.

This year’s drilling on Workman’s Bench has focused on defining the
lateral and vertical extent of the known gold and antimony mineralized
zones, in particular on the main exposed vein in underground exploration
Tunnels C and D. Information thus far indicates the gold and antimony
mineralized zones at Workman’s Bench are open laterally and at depth. An
updated drill hole location map for these zones can be found on the
Company’s website on the Nolan Creek project page at
http://www.silverado.com/i/pdf/2008-08-13NRM1.pdf

The Company has received all assays of mineralized veins for drill hole
08SH01B, 08SH02, 08SH03, 08SH07, 08SH08, 08SH09 and 08SH10. Drill holes
08SH04, 08SH05 and 08SH06 were only partially drilled and had to be
abandoned due to ground conditions. Selected drill hole assays are
presented in the table below. Most samples of vein material contain gold.
The reader should note that assay results listed in the table present
results of individual veins sampled and cut from the drill core. Assays for
the remaining drill holes are pending. Drilling continues on the Workman’s
Bench Zone, as warranted.

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OneTrader

Posted: 14 August 2008 06:52 AM

Master

Total Posts 193

Joined 2007-09-23

-------------------------------------------------------------------------
Drill SAMPLE SAMPLE SAMPLE
Hole INTERVAL INTERVAL LENGTH
Number (FROM) (TO) (FT) Au (oz/ton) Sb (%)
-------------------------------------------------------------------------
08SH01B 32.6 33.2 0.6 0.00 8.24
-------------------------------------------------------------------------
08SH01B 33.8 35.2 1.4 0.28 53.44
-------------------------------------------------------------------------
08SH01B 95.7 96.4 0.7 0.23 28.69
-------------------------------------------------------------------------
08SH01B 98.2 101.2 3 0.13 18.43
-------------------------------------------------------------------------
08SH01B 105.8 106.3 0.5 0.06 13.43
-------------------------------------------------------------------------
08SH01B 108 108.5 0.5 0.02 26.05
-------------------------------------------------------------------------
08SH01B 139 139.5 0.5 0.02 16.36
-------------------------------------------------------------------------
08SH01B 141.6 142.2 0.6 0.01 19.87
-------------------------------------------------------------------------
08SH01B 146.7 148 1.3 0.22 0.08
-------------------------------------------------------------------------
08SH01B 148 149.2 1.2 0.06 6.44
-------------------------------------------------------------------------
08SH01B 170.7 171.2 0.5 0.03 3.66
-------------------------------------------------------------------------

-------------------------------------------------------------------------
Drill SAMPLE SAMPLE SAMPLE
Hole INTERVAL INTERVAL LENGTH
Number (FROM) (TO) (FT) Au (oz/ton) Sb (%)
-------------------------------------------------------------------------
08SH03 38.8 39.3 0.5 0.00 2.24
-------------------------------------------------------------------------
08SH03 41.4 42 0.6 0.42 42.05
-------------------------------------------------------------------------
08SH03 42 42.5 0.5 0.15 33.78
-------------------------------------------------------------------------
08SH03 58.1 58.6 0.5 0.01 17.84
-------------------------------------------------------------------------
08SH03 84.5 85 0.5 0.03 24.04
-------------------------------------------------------------------------
08SH03 89.5 90 0.5 0.11 0.07
-------------------------------------------------------------------------
08SH03 113.2 114.4 1.2 0.35 0.01
-------------------------------------------------------------------------
08SH03 115.4 115.9 0.5 0.12 0.08
-------------------------------------------------------------------------
08SH03 115.9 117 1.1 0.41 26.73
-------------------------------------------------------------------------
08SH03 117 117.5 0.5 0.36 0.07
-------------------------------------------------------------------------
08SH03 130.3 130.9 0.6 0.13 13.65
-------------------------------------------------------------------------
08SH03 161.5 162 0.5 0.14 0.01
-------------------------------------------------------------------------
08SH03 195.5 196 0.5 0.13 0.70
-------------------------------------------------------------------------

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OneTrader

Posted: 14 August 2008 06:52 AM

Master

Total Posts 193

Joined 2007-09-23

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OneTrader

Posted: 14 August 2008 06:53 AM

Master

Total Posts 193

Joined 2007-09-23

The assay results at Workman’s Bench returned significant gold and
antimony grades in all drill holes assayed thus far. The highest gold grade
was encountered in drill hole 08SH08 in a 0.7 ft long sample of a
stibnite-quartz vein at 347.9 ft to 348.6 ft down hole. This sample assayed
2.68 troy ounces of gold per ton. The highest antimony grade was
encountered in a 5 inch true width stibnite-quartz vein in drill hole
08SH1B at 33.8 ft to 35.2 ft down hole. This particular vein assayed 53.44%
antimony and 0.28 troy ounces of gold per ton.

All drill core was logged and photographed by geologists. Once all
technical data was derived from the core, the core was cut lengthwise. The
half-core was sampled by pre-determined intervals based on geology, and
placed in sealed sample bags and labeled with the assigned sample number.
All samples were delivered to ALS Chemex in Fairbanks for analysis.
Specific antimony samples of massive stibnite veins were delivered to
Alaska Assay Laboratories in Fairbanks for analysis. With the shipment to
the laboratories of every 20th sample, the Company submitted two (2)
standard samples, and one (1) blank sample for analysis. From time to time,
the Company instructed the laboratories to assay duplicate samples of the
pulp from the drill core.

Silverado further announces that gold and antimony values from
duplicate samples of large vein samples collected underground from the main
vein in Tunnel D at four different sample locations assayed as high as 1.32
troy ounces gold per ton and 68.77% antimony. These samples, which were
sent to ALS Chemex in Fairbanks for analysis, confirm the high grade nature
of gold and antimony mineralization within the main vein over a length of
67 ft in Tunnel D.

-------------------------------------------------------------------------
Sample Sample Au
Location Number oz/ton Sb %
-------------------------------------------------------------------------
I 707081 0.56 68.06
-------------------------------------------------------------------------
II 707082 0.78 60.87
-------------------------------------------------------------------------
III 707083 1.32 68.77
-------------------------------------------------------------------------
IV 707084 0.27 66.26
-------------------------------------------------------------------------
Dr. Karsten Eden, Certified Professional Geologist, and Vice President
Exploration of Silverado, is the qualified person as defined by Canadian
National Instrument 43-101 for the Company and has verified the data
contained in this news release.

ABOUT THE COMPANY

This News 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. Statements in this news release that are
forward-looking statements are based on the current expectations, beliefs,
assumptions, estimates and forecasts about the Company’s business and the
industry and markets in which it operates. Such forward-looking statements
involve risks and uncertainties regarding the market price of gold,
availability of funds, government regulations, common share prices,
operating costs, capital costs, outcomes of test mining activities and
other factors. Forward-looking statements are made, without limitation, in
relation to operating plans, property exploration activities, including
test mining activities, availability of funds, environmental reclamation,
operating costs and permit acquisition. Any statements contained herein
that are not statements of historical facts may be deemed to be
forward-looking statements. In some cases, you can identify forward-looking
statements by terminology such as “may”, “will”, “should”, “expect”,
“plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict”,
“potential”, or “continue”, and the negative of such terms or other
comparable terminology. Actual events or results may differ materially. In
evaluating these statements, you should consider various factors, including
the risks detailed in the Company’s filings with the Canadian Securities
Authorities and the US SEC. These factors may cause the Company’s actual
results to differ materially from any forward looking statement. Except as
required by applicable securities laws, the Company disclaims any
obligation to publicly update these statements, or disclose any difference
between its actual results and those reflected in these statements. Given
these uncertainties, readers are cautioned not to place undue reliance on
such forward-looking statements.

SOURCE Silverado Gold Mines Ltd.

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