Silverado Gold Mines Ltd.
Silverado Gold Mines: New Fuel Progress Report
Corporate-news transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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July 27, 2005 – Vancouver, BC – Canada – Fairbanks, Alaska – USA SILVERADO
GOLD MINES LTD. OTCBB: SLGLF / Frankfurt: SLGL / Berlin: SLGL
Silverado Gold Mine’s wholly owned subsidiary Silverado Green Fuel Inc., an
Alaska Corporation is continuing to work on many fronts to obtain adequate
funds to construct a ‘low-rank coal-water fuel’ (LRCWF) demonstration facility
in the United States. The Company is also working with private capital
sources to create adequate funding for the construction of one or more large
production facilities.
The fuel has been created and tested successfully. It is an environmentally
friendly fuel made from low rank coals and substitutes for oil in the creation
of industrial heat and electricity. It’s cost of production is significantly
less than oil and ranges from $ US 9 – 14 per barrel of oil equivalent. The
fuel may be further treated by gasification and other conventional processes
to create fuel and petrochemicals that are cleaner than their modern day
counterparts, yet are competitive at today’s high oil prices.
For further information regarding our innovative fuel as well as an update on
our Alaska gold properties, view our website at http://www.silverado.com/ or
call toll free from North America at 1-800-665-4646 or long distance from
offshore at 604-689-1535 and ask for ‘investor relations’.
End of announcement (c)DGAP 27.07.2005
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WKN: 867737; ISIN: CA8279062076; Index:
Listed: Freiverkehr in Berlin-Bremen, Frankfurt; NASDAQ
271754 Jul 05
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