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« Kinross Gold Corporation: Update 05 August 2006 | Main | Silverado Gold Mines Ltd: Green Fuel Update »
Saturday
Aug052006

Silverado Gold Mines Ltd: Gold Update 05 August 2006

In a recent press release Silverado stated that over $1,000,000 of large jewellery grade gold and collector's nuggets have been recovered and polished for sale.

SilveradoGold

The gold recovery and processing operations at the Nolan Gold Mine, Alaska, is almost complete. The infrastructure necessary for gold recovery during the next season is now in place.

As we all know it takes time to establish a mining operation and we need to be patient. Once production increases then all the world will want a piece of the action, the stock price will be considerably higher than it is now with the opportunity to be first in and best dressed will have already gone.

Last winter Silverado mined only 25% of the gold bearing gravel in the Swede channel, leaving the remaining 75% of the gold ore for this winter's operation.

In addition to the Swede Channel, they have located other gold channels, which cause gold to accumulate on ancient hillside "benches" as the channels drain gold down the mountain from its source, these are still to be exploited.

We bought in at eight cents and will take this opportunity to buy again as Silverado is trading around six to seven cents. For the purposes of measuring our performance we will use the eight-cent price, as we believe it is only fair to do so.

05 August 2006





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Reader Comments (3)

i think gold is most precious think in life i ever see

September 11, 2007 | Unregistered CommenterAbdirahman

Hi,
This comment is from Pakistan, i love to buy gold but sorry i cannot buy even one ounce the price is too big to pay.
Agha Tariq P.Khan

i have a rock that is from left over melted silver that cooled insied a rock if u want to trade a piece of gold for it email me

March 19, 2010 | Unregistered Commenterkatrina

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