Choctaw County Supervisors are moving forward with the agreement between the County and Silverado Green Fuels by applying for a loan of up to $1.0 million to go towards the project

This is a good move for the financial health of the project as it helps to get the ball rolling. The approval procedure could take up to sixty days and then it is into the construction phase, which is planned to take about two years.

With some analysts predicting that the cost of oil could hit $100 per barrel in the next few months then this coal to oil facility looks more and more attractive.

This is positive news from Silverado Gold Mines Limited, as it should keep the green fuel side of the business in the spotlight as they go forward with this exciting energy project.