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« USD Falling, Gold & Silver Rising: Gold and Silver Stocks Hesitate…For Now | Main | Gold above $1000: Pierre Lassonde! »
Monday
Aug062007

Silverado: Gold Recovery Up on last year

Silverado Gold 06aug07
Silverado Gold Mines today informed their investors that the recovery of placer gold from the Nolan Heights mine in Alaska, USA, has now exceeded last year’s production.



Some 1,250 ounces of nugget gold have been recovered via sluicing operations, which started in late June 2007. The nuggets range in size from 1/10 once to 12.4 ounces. The company now expects to substantially outperform last year’s production. The total amount recovered and associated financial figures will be issued shortly – fantastic news thus far. Gold smaller than ¼ ounce is still to be recovered this summer from the sluicing operations.

As investors we are pleased that we are being kept in the loop with the progress that Silverado is making in Alaska and look forward to more of the same.

Silverado gold 06aug07

SILVERADO GOLD MINES trades - OTCBB: SLGLF, Frankfurt: SLGL and Berlin: SLGL

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Reader Comments (7)

I would like to see more updates concerning the progress of the Green Fuel project and the drill results as they are made available.

August 7, 2007 | Unregistered CommenterBill

OK We will see what we can do.

August 11, 2007 | Unregistered CommenterGold Prices

hi, what are your moves/strategies now for slglf?
are you guys buying more, holding or have sold your shares?

is the future getting brighter with these news coming out? yesterday or day before.. there was an article saying the commissioned an architechtural firm for the design or layout of a plant to be constructed (or some sort to that effect)..

i have come across a forum (www.ragingbull.com) where people seem to go extreme both ways.. some say this is nothing but air and being used just to milk money from shareholders.. while the bullish ones keep on repeating the same news.. i wonder who is telling the truth??

August 18, 2007 | Unregistered Commentermike

Hi,

I am from Germany and invested many years. Waiting for the bigbang which brings Silverado over 0,5 $ .

What do you think, how realistic is it, how serious is this company, if they are printing always new papers ? The shareholders are maybe not very importent for this company.
Do you have an answer why it went down when good news are coming out. I start to fear good news already.
I m waiting for an update about company. Thanks

August 23, 2007 | Unregistered Commenterbigbang

hi bigbang,

good news for you, silverado just announced that it more than triples 2006 gold recovery in current sluicing operation..

http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/08-29-2007/0004653190&EDATE=

August 29, 2007 | Unregistered Commentermike

Hi Bob,
I have been following SLGF for quite some time. This stock also gets advertisement on KITCO.COM web site frequently and still no rise in price. Why do you continue to plug this stock?

September 2, 2007 | Unregistered CommenterAndrew

Hi Andrew,

We are indeed holders of Silverado and are surprised that the stock price is not higher than it is at the moment. Gold production is up and the green fuel project is on the move. We will continue to hold and may even buy more. Silverado has been around along time so it does not have the novelty value of some of the new comers to this market. There are also a lot of shares outstanding which some investors do not like. There could be other reasons that we are not aware of etc.

September 2, 2007 | Unregistered CommenterGold Prices

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