SILVERADO PLACER GOLD RECOVERY AT NOLAN ALREADY EXCEEDS LAST YEAR’S PRODUCTION
AUGUST 6, 2007- - Fairbanks , Alaska,USA
Vancouver, BC, Canada
SILVERADO - OTCBB: SLGLF / Frankfurt : SLGL / Berlin : SLGL
Silverado announced today that 1,250 ounces of nugget gold (1/4” and larger) have been recovered to date since the start of sluicing operations in late June of this year.
These nuggets, which range in size from 1/10 ounce to 12.4 ounces, were removed periodically from the top parts of the wash plant gold recovery systems. Still to be recovered from the sluice plant this summer is gold concentrate containing gold smaller than ¼” in size.
Silverado is very pleased thus far with the results of the season. Total gold recoveries and related financial numbers will be released as available during the balance of the season.
Last season -- 2005-06 -- Silverado Gold Mines Ltd recovered 939.07 ounces after sluicing 8,896 cubic yards of pay dirt. Of this amount, 750 ounces were jewelry-grade nuggets of ¼” or larger, and the balance, or 189.07 ounces, was delivered for refining.
For this year, 2006-07 – Silverado is on track to substantially outperform last year’s production.
This press release was prepared by Dr. Karsten Eden, Certified Professional Geologist, who is a qualified person as defined under the standards of Canadian National Instrument policy 43-101.
AUGUST 6, 2007- - Fairbanks , Alaska,USA
Vancouver, BC, Canada
SILVERADO - OTCBB: SLGLF / Frankfurt : SLGL / Berlin : SLGL
Silverado announced today that 1,250 ounces of nugget gold (1/4” and larger) have been recovered to date since the start of sluicing operations in late June of this year.
These nuggets, which range in size from 1/10 ounce to 12.4 ounces, were removed periodically from the top parts of the wash plant gold recovery systems. Still to be recovered from the sluice plant this summer is gold concentrate containing gold smaller than ¼” in size.
Silverado is very pleased thus far with the results of the season. Total gold recoveries and related financial numbers will be released as available during the balance of the season.
Last season -- 2005-06 -- Silverado Gold Mines Ltd recovered 939.07 ounces after sluicing 8,896 cubic yards of pay dirt. Of this amount, 750 ounces were jewelry-grade nuggets of ¼” or larger, and the balance, or 189.07 ounces, was delivered for refining.
For this year, 2006-07 – Silverado is on track to substantially outperform last year’s production.
This press release was prepared by Dr. Karsten Eden, Certified Professional Geologist, who is a qualified person as defined under the standards of Canadian National Instrument policy 43-101.
