Silverado Gold Mines Ltd.
Silverado Gold Mines: Low-Rank Coal-Water Fuel authorized by US Energy Bill
Corporate-news transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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President Bush Signs Massive Energy Bill
Includes Low-Rank Coal-Water Fuel Project Authorization
August 9, 2005 – Vancouver, BC – Canada – Fairbanks, Alaska – USA SILVERADO
GOLD MINES LTD. OTCBB: SLGLF / Frankfurt: SLGL / Berlin: SLGL Yesterday
President Bush signed the sweeping Energy Policy Act of 2005. The 1,725 page
bill affects virtually every aspect of energy production in the United States.
Silverado Gold Mines Ltd. is pleased to announce that the Energy Policy Act of
2005 includes language that specifically authorizes the Secretary of Energy
to “conduct a program of technology (…) demonstration and commercial
application for coal and power systems, including programs to facilitate
production and generation of coal-based power through (…) liquid fuels
derived from low rank coal water.” This language authorizes the United States
government to partner with Silverado in their Low-Rank Coal-Water Fuel
Demonstration Project.
“Receiving a federal grant is a two step process – first, being authorized and
second, having funds appropriated. We have passed the first hurdle in
obtaining a government grant. We are very excited about ‘Low Rank Coal Water
Fuel’ being included as a practical fuel source in this long-awaited energy
bill. It is significant that the federal government recognizes the validity of
LRCWF as one of the solutions to America’s energy needs,” said Garry Anselmo,
CEO of Silverado Gold Mines Ltd. “We know this fuel works, and look forward
to demonstrating the commercial applications of LRCWF,” he said.
Silverado Gold Mines Ltd.’s wholly-owned subsidiary Silverado Green Fuel Inc.,
an Alaska Corporation, is continuing to work with the United States
government to receive an appropriation for the LRCWF Demonstration Project.
This grant will allow the project to get underway.
For further information regarding our innovative fuel as well as an update on
our Alaska gold properties, view our website at www.silverado.com.
Contact Germany
Guido Pickert
Tel: (069) 95 92 46-13
Fax:(069) 95 92 46-20
E-mail: SLGL@vrir.de
End of announcement (c)DGAP 09.08.2005
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WKN: 867737; ISIN: CA8279062076; Index:
Listed: Freiverkehr in Berlin-Bremen, Frankfurt; NASDAQ
091529 Aug 05
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