Silverado Gold Mines Ltd.
Silverado Achieves Key Technical Breakthrough
Corporate-news announcement sent by DGAP.
The sender is solely responsible for the contents of this announcement.
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Silverado Achieves Key Technical Breakthrough
Silverado Achieves Key Technical Breakthrough in the Development
of Low-Rank Coal-Water Fuels and Files for New Fuel Name
December 17, 2004 – Vancouver, BC – Canada – Fairbanks, Alaska – USA
SILVERADO GOLD MINES LTD. OTCBB: SLGLF / Frankfurt: SLGL / Berlin: SLGL
Silverado (OTCBB: SLGLF) announced today that it has developed a technical
breakthrough in the production and utilization of low-rank coal-water fuels
(LRCWF’s). With these latest advances, LRCWF’s combustion characteristics,
through a more rapid ignition and more complete carbon burnout, more closely
approximates a petroleum flame than one from coal. Since the advanced
formulation truly enables the low-cost production of a clean petroleum
substitute from coal, the Company has filed for a trade mark.
Silverado’s engineers, working independently and with equipment vendors, have
developed proprietary improvements in hydrothermal treatment technology.
These advances will lead to improved process efficiency and enable the
technology to be applied to an even wider range of high moisture carbonaceous
feedstocks than just subbituminous coal, lignite, and brown coal.
Low-rank coals amount to about half of the world’s coal supply, which
contains enough energy to supply the world for more than a century.
Extension of the Company’s production and utilization technology to peat and
biomass, which together with Low-Rank Coal comprise about the only energy
feedstock in many developing nations, offers the promise of producing low-cost
petroleum substitutes from indigenous resources.
Silverado will be working with international funding agencies and developing
nations to transfer and deploy the technology where needed towards the goal of
making clean, low-cost energy available to all.
LRCWF’s – Low-cost, clean petroleum substitute from coal. Watch for our
fuel’s new name.
FOR MORE INFORMATION:
Investor Relations Canada
Phone: +1 (800) 665-4646 or +1 (604) 689-1535
E-Mail: pr@silverado.com
Investor Relations Germany
Phone: +49 (69) 95924613
E-Mail: SLGL@vrir.de
Website: http://www.silverado.com
Equitilink LLC: +1 (877) 788-1940
CEOcast Inc.: +1 (212) 732-4300
Investsource: +1 (949)260-8430
end of message, (c)DGAP 17.12.2004
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WKN: 867737; ISIN: CA8279062076; Index:
Listed: Freiverkehr in Berlin-Bremen, Frankfurt; NASDAQ
171737 Dez 04
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