Silverado Gold Mines Ltd.
Silverado Gold Mines Ltd.: Further mineralized area identified on Ester Dome
Corporate-news transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Drill grades performed in the early 1990’s show yet another area
within Silverado’s Ester Dome properties which hold future promise
June 16, 2005 – Vancouver, BC – Canada – Fairbanks , Alaska – USA
SILVERADO GOLD MINES LTD. OTCBB: SLGLF / Frankfurt : SLGL / Berlin : SLGL
Visit this URL to view supplementary images to this press release:
http://www.silverado.com/ethyl
This longitudinal section of Silverado’s Ethyl Elmes gold deposit on Ester
Dome 10 minutes from Fairbanks, Alaska shows areas drilled and mined by the
Company. This work supports indicated resource tonnage and grades and along
with geophysics, geochemistry, and trenching show other areas of gold
mineralization. The drilling in this cross section shows gold mineralization
over an area 3500′ long with widths up to 100′. This “Ethyl Elmes” system is
open to further discovery at both ends and at depth below 550′ being the limit
of drilling where the drill hit 100 feet of 0.08 oz/ton.
During 2004 two independent NI 43-101 qualified person technical reports were
completed on this property and other Silverado Alaska holdings. The Company is
conducting pre-feasibility studies on this project. All work except for the
two independent technical reports has been done under the direction of Edward
J. Armstrong, CPG, President of Silverado’s Alaska subsidiary and a qualified
person under the guidelines of NI 43-101.
About Silverado
Silverado has been exploring, developing and test mining gold deposits in
Alaska since 1978. The Company uses its varied technical skills to acquire,
assess and develop gold deposits with the intention of conducting test mining
operations on worthy targets. From time to time partnerships or options are
negotiated with other companies to assist in exploration of large areas of
prospective property.
Silverado’s wholly owned Alaska subsidiary, Silverado Green Fuel Inc. is
working on the development of a coal-based fuel which acts as an industrial
alternative to oil and can replace a barrel of oil at a cost of production of
approximately US $14 per barrel. This fuel will be used for the generation of
electricity and industrial heat. This is an environmentally friendly fuel and
if spilled it quickly breaks down into its components of water and coal
particles.
End of announcement (c)DGAP 16.06.2005
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WKN: 867737; ISIN: CA8279062076; Index:
Listed: Freiverkehr in Berlin-Bremen, Frankfurt; NASDAQ
161729 Jun 05
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