added another gold mine today CGFIA mining sectors seem to be the best buys now, the green companys are haveing to much trouble getting off the ground
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
James 444ct I think that if the drill baby drill people get voted in this should be a good paying one I thought it would have already taken off. Theres a lot of fear in the markets now and very tight money its going to be a rough ride befor the sailing gets good. Right now I'm holding onto what little I have. This draw down could be really hard on pennies very soon alot will fold I'd be very casus some good buys in larger stocks right now if you have the free cash. good trading to you. take a look at AULO and let me know what you think. mushroomking
Aurelio Redeems 10% Convertible Debentures with Cash Payment &
Aurelio Redeems 10% Convertible Debentures with Cash Payment & Completes the View Sites LLC Land Acquisition
Business Wire
LAKEWOOD, Colo. -- October 06, 2008
Aurelio Resource Corporation (OTCBB: AULO)(Frankfurt: F3RA) is pleased to
report that it has repaid in full the $1.5 million aggregate principal
amount of the 10% Convertible Debentures issued in February 2008 (the
“Debentures”) and due in June 2009.
Repayment of the Debentures was made in cash at face value plus all
accrued and unpaid interest, and was made in accordance with the terms of
the Debentures. During the term of the Debentures, the Debenture Holders
received 10% annual interest payments in quarterly cash installments.
“The redemption of the Debentures eliminates potentially significant
dilution associated with the possible equity conversion of the Debentures,
and signals management's continual commitment to enhance the value of
Aurelio,” states Steve Doppler, President & CEO. “With this behind us, we
are focusing on rapid completion of the Bolsa stock sales agreement,
exploration plans at our Gavilanes gold project, and aggressive pursuit of
new opportunities.”
Aurelio is also pleased to report completion of the previously announced
agreement to acquire 20 patented mining claims in southeast Arizona within
the Turquoise Mining District from View Sites LLC. These claims
incorporate projected southwestern extensions of the MAN Area
copper-zinc-silver-gold sulfide mineralization, as well as the
southwestern continuation of the leachable oxide copper and chalcocite
copper deposits overlying the MAN Area sulfide zone.
About the Company
Aurelio Resource Corporation has previously announced an independent
estimate of the mineralized material at the MAN Area of the Hill
Copper-Zinc Project totaling 63.8 million tons at an average grade of
0.56% copper-equivalent. Aurelio has also acquired the rights to explore,
and an option to purchase, the Gavilanes gold porphyry deposit in Durango,
Mexico.
For additional information, please visit our website
(www.AurelioResource.com).
Legal Notice Regarding Forward Looking Statements
Statements in this news release that are not historical are
forward-looking statements. Forward looking statements are statements that
are not historical facts and are generally, but not always, identified by
the words "expects," "plans," "anticipates," "believes," "intends,"
"estimates," "projects," "aims," "potential," "goal," "objective,"
"prospective," and similar expressions, or that events or conditions
"will," "would," "may," "can," "could" or "should" occur. Information
inferred from the interpretation of drilling results and information
concerning mineral resource estimates may also be deemed to be
forward-looking statements, as it constitutes a prediction of what might
be found to be present when and if a project is actually developed.
Forward-looking statements in this news release include, but are not
limited to: that the View Sites claims incorporate projected extensions of
the MAN Area copper-zinc-silver-gold sulfide mineralization, as well as
continuation of the leachable oxide copper and chalcocite copper deposits
overlying the MAN Area sulfide zone; that, had the Debentures not been
redeemed in full for cash, that potentially significant equity dilution
could have resulted; and, that the Company is aggressively pursuing new
opportunities and moving ahead with exploration plans at the Gavilanes
gold project.
It is important to note that the Company's actual outcomes may differ
materially from those statements contained in this press release. Factors
which may delay or prevent these forward-looking statements from being
realized include: that we may not be able to reach final agreement on
definitive documents with the fund or other required parties,
misinterpretation of data; that we may not be able to keep our qualified
personnel; that funds expected to be received may not be; that our
estimates of mineral resources are inaccurate; uncertainties involved in
the interpretation of drilling results and other tests and the estimation
of resources; that we may not be able to get equipment or labor as we need
it; that we may not be able to raise sufficient funds to complete our
intended exploration, purchase, lease or option payments; that our
applications to drill may be denied; that weather, logistical problems or
hazards may prevent us from exploration; that analysis of data cannot be
done accurately and at depth; that results which we have found in any
particular location are not necessarily indicative of larger areas of our
property; and that despite encouraging data there may be no commercially
exploitable mineralization on our properties. Readers should refer to the
risk disclosures outlined in the Company's most-recent Form 10-KSB (as
amended per Form 8-KSB/A) and Form 10-Q Reports (as amended per Form
8-Q/A) filed with the Securities and Exchange Commission.
Silverado Announces New Drill Hole Assay Results at Nolan Creek that Continue to Disclose Gold and Antimony Mineralization
View News Release in PDF Format
VANCOUVER, BC, Canada, October 6, 2008. Silverado Gold Mines Ltd. (the "Company" or "Silverado") SLGLF OTCBB, SLGL Frankfurt, www.silverado.com, announces that it has now received all assays of mineralized veins for drill holes 08SH20 through 08SH24 from its drilling program on its Nolan Creek property. This season, the Company completed 34 drill holes totaling 11,597 ft as part of its 2008 exploration drilling at Workman's Bench, the Company's prime exploration target on its Nolan Creek property in Alaska. An updated drill hole location map for these zones can be found on the Company's website at http://www.silverado.com/i/pdf/2008-10-01_NCWBD.pdf.
Workman's Bench is the Company's prime exploration target for a lode gold and antimony deposit in the southwestern part of the Solomon Shear Zone. The Solomon Shear Zone contains northeast striking gold-antimony-quartz vein systems which also occur in other areas on the Nolan Creek property, including across Smith Creek on Pringle Bench and north of Smith Creek Dome.
Selected drill hole assays are presented in the tables below. Most samples of vein material contain gold. The reader should note that assay results listed in the table present results of individual veins sampled and cut from the drill core. Although there are many mineralized veins within the Workman's Bench zone, one particular vein, the main vein, continues to be the focus of interest to the company (for more information see press release dated August 14, 2008 http://www.silverado.com/i/pdf/2008-08-13_NR.pdf. Assays for the remaining drill holes 08SH25 to 08SH33 are pending.
Drill Hole Number Sample Interval (From) Sample Interval (To) Sample Length (ft) Au (toz/ton) Sb (%)
08SH20 242.6 243.3 0.7 0.03 3.32
Drill Hole Number Sample Interval (From) Sample Interval (To) Sample Length (ft) Au (toz/ton) Sb (%)
08SH21 305 305.5 0.5 0.04 16.96
08SH21 305.5 306.5 1 0.08 63.47
08SH21 312.7 313.5 0.8 0.41 30.20
08SH21 317 317.7 0.7 0.19 27.10
08SH21 317.7 318.7 1 0.02 4.85
Drill Hole Number Sample Interval (From) Sample Interval (To) Sample Length (ft) Au (toz/ton) Sb (%)
08SH22 226 227 1 0.02 7.23
08SH22 227 227.5 0.5 0.12 18.97
08SH22 252.8 253.3 0.5 0.14 0.02
Drill Hole Number Sample Interval (From) Sample Interval (To) Sample Length (ft) Au (toz/ton) Sb (%)
08SH23 194.5 195.5 1 0.52 18.24
Drill Hole Number Sample Interval (From) Sample Interval (To) Sample Length (ft) Au (toz/ton) Sb (%)
08SH24 99 100 1 0.09 19.58
08SH24 118.7 119.4 0.7 0.06 11.05
08SH24 198.6 199.1 0.5 0.02 1.91
08SH24 204.1 204.9 0.8 0.16 1.53
08SH24 204.9 205.5 0.6 0.34 28.72
Drilling continued to intersect the gold and antimony mineralization in the Workman's Bench zone from hole to hole as it proceeded in a southwestern direction.
All drill core was logged and photographed by Silverado geologists. Once all technical data was derived from the core, the core was cut lengthwise. The half-core was sampled by pre-determined intervals based on geology, and placed in sealed sample bags and labeled with the assigned sample number. All samples were delivered to ALS Chemex in Fairbanks for analysis. With the shipment to the laboratory of every 20th sample, the Company submitted two (2) standard samples, and one (1) blank sample for analysis. From time to time the Company instructed the laboratory to assay duplicate samples of the pulp from the drill core.
Dr. Karsten Eden, Certified Professional Geologist and European Geologist, and Vice President Exploration of Silverado Gold Mines Inc., is the qualified person as defined by Canadian National Instrument 43-101 for the Company and has verified the data contained in this news release.
good news and long over due
thanks for the post and thanks for staying on top of this good job
this on should start heating up with all the talk of drilling for nat gas and oil
Henery Robert tranlates into Harry Dick and what ever the last name is
http://www.bloomberg.com/apps/news?pid=conewsstory&refer=conews&tkr=AMHD%3AUS&sid=aZZBrVC6Ggho
SAINT THOMAS, Barbados, Aug. 12, 2008 (PRIME NEWSWIRE) -- Amelot Oil Barbados Ltd. a wholly owned subsidiary of Amelot Oil, Inc. is pleased to announce that the Biomatic 400, an important component of the Company's biodiesel refining facilities, has been cleared by Barbados customs and is at its new home at the Future Centre in Saint Thomas, Barbados, marking the completion of the Group's Barbados refining facility.
The Company is pleased to announce that on Friday, August 8th, 2008 the first production trial of its Barbados refining facility ended in the successful production of approximately one hundred gallons of refined biodiesel.
"We are very pleased to have arrived at this milestone," said Handel Callender, General Manager of Amelot Oil Barbados. "The successful completion and testing of our Barbados refining facility means that in time, the Company will be able to increase output of refined biodiesel to a level which will one day satisfy this small island's demand for affordable, clean energy," Mr. Callender continued.
"The successful launch of our Barbados refining and production facilities means that the Company can continue with the business of securing feedstock -- in this case, used cooking oil -- and pursuing relationships with potential consumers of Amelot biodiesel," said Aziz Hirji, Chief Executive of Amelot Holdings, Inc., (Pink Sheets:AMHD) the parent company of Amelot Oil, Inc.
Hirji said additional staff have been hired at the Company's refining facility and he expects regular production at the facility to begin in September, 2008.
no news that I've come across I would guess that their focus is on a plant being built in china the one here i haven't heard a word.
no news that I've come across I would guess that their focus is on a plant being built in china the one here i haven't heard a word.
SILVERADO GREEN FUEL
Silverado Green Fuel Inc, is a wholly owned subsidiary of Silverado Gold Mines Ltd.
Silverado, through Dr. Warrack Willson, head of the Company's fuel division, has been developing technology designed to convert low-rank coal, representing half of the U.S.'s coal reserves, into low rank coal water fuel (LRCWF), through a process designed to avoid releasing carbon dioxide into the atmosphere, without particle emissions, and without the release of toxic by-products.
LRCWF is intended to be used to power oil-fired power plants, or as feedstock for further processing to produce:
Transportation fuels (jet, diesel, gasoline)
Agricultural compounds (fertilizers, synthetic petrochemical feedstocks, ammonia)
Industrial products (oils, lubricants)
Consumer products (plastics, packaging)
Pure hydrogen to power fuel cell automobiles, and generate electricity
While North America is the company's primary focus, global opportunities are on the Company's radar. Silverado is exploring potential joint ventures, strategic partnerships, and investment. An Ecological Friendly Utility for the 21st Century
H2 Power : The Creation Of Hydrogen From LRCWF To Generate Electricity And Fuel Future Cars Without Releasing Carbon Dioxide, Nitrous Oxide, Heavy Metals, Sulphur Or Particulate Matter To The Environment
LRCWF is designed to utilize technology developed by private industry as part of the US Department of Energy's Clean Coal Technology Program and Clean Coal Power Initiative, and to meet stringent air, water, and solid by-product standards promulgated by the US Environmental Protection Agency.
LRCWF may be used to create H2 (hydrogen), which could yield water when combusted in a gas turbine or used in a fuel cell, and, as such, could avoid the release of green house gases. CO2 (carbon dioxide) produced while making hydrogen from coal, air, and steam may be captured and sold to oil companies where it could potentially be used in oil recovery.
The coal conversion and power generation process is designed to include the following unit operations. When bulk low-rank coal enters into the LRCWF process, the environmental drawbacks associated with the use of "dirty coal," that is dust generation and tendency towards spontaneous combustion, may be eliminated. Low-rank coal would be crushed, ground, and mixed with water, most of which is recycled from the process, then hydrothermally treated and formulated into a concentrated stable liquid fuel that is intended to be an alternative to oil.
LRCWF may then be fed at elevated pressures to an advanced high temperature slagging gasifier. During gasification the carbon and water in LRCWF may be reacted with oxygen to produce carbon monoxide and hydrogen. The temperature would be maintained above the melting point of the ash (mineral matter) in the coal, which would be removed as molten slag. The slag would be recovered as an inert glassy frit that perhaps may be sold for use in roadbeds and or high-strength concrete. Small quantities of impurities such as sulphur and nitrous oxides and particulates from coal ash may be removed from the hot product gas by commercial processes. In the next unit operation, synthesis gas (carbon monoxide and hydrogen gases) would be reacted with steam via the water/gas shift phase reaction to generate additional hydrogen. In the shift phase reaction, carbon monoxide would react with additional steam to produce more hydrogen and carbon dioxide. The carbon dioxide may be separated from the hydrogen fuel via commercial processes and perhaps may be sold for use in enhanced oil recovery processes. The carbon dioxide may potentially be used to repressurize oil fields with the intent to increase oil production from US oil fields.
In the last step hydrogen gas would be the resultant fuel and may be used in an advanced gas turbine where it would be burned in air to generate power and water. It may also be used to generate power in advanced fuel cells. In either case, the intention is that power would be generated without the production of any greenhouse gases that could contribute to climate change. In addition to generating power cleanly from low-rank coal, this process is intended to help decrease dependence on imported oil, not only by the power generation, but by increasing production from indigenous oil resources by means of repressurizing oil fields with carbon dioxide.
just keep plugging along, I'm not from PA but am from Colorado where I still live, My goal is to ttrade futures and get away from stocks just need a few hot runs and I'll jump maybe to thr forex first still playing with little money and things are tight right now I 'm between jobs I have got to find a new job. So I havent been on here as much Good trading to you Shadow.
Silverado Releases Mineral Resource Estimates for its Ester Dome Property in Alaska
View News Release in PDF Format
July 31, 2008, Vancouver, British Columbia. Silverado Gold Mines Ltd. (the "Company") (SLGLF OTCBB, SLGL Frankfurt, www.silverado.com), is pleased to announce that it has received a completed mineral resource estimate for its Ester Dome property, located about 10 miles west-northwest of the community of Fairbanks in interior Alaska, from Thomas K. Bundtzen ("Bundtzen") of Pacific Rim Geological Consulting Inc., the independent mining consultant commissioned by the Company to prepare a NI 43 101 Technical Report. The Technical Report, dated July 30, 2008, was filed today on SEDAR and is available at www.sedar.com.
Mineral Resource Estimate
Since 1983, mineral resource estimates have been prepared by the Company relating to Ester Dome near Fairbanks, Alaska. Bundtzen was given access to all exploration data previously acquired by the Company to determine the current resource estimates of lode gold on Ester Dome. The table below summarizes the mineral resource estimate for the Ester Dome property (effective July 11, 2008):
Category Cut-Off Grade
(oz/cu yd Au) Quantity
(ton) Gold Grade
(oz/ton Au) Metal
(oz Au)
Indicated 0.08 631,600 0.21 126,700
Inferred 0.04 2,553,400 0.08 214,100
Notes:
Mineral resources which are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues. There has been insufficient exploration to define these inferred mineral resources as an indicated or measured mineral resource, and it is uncertain if further exploration will result in upgrading the inferred mineral resource to an indicated or measured mineral resource category.
Rounding may result in some discrepancies.
No processing recovery factors have been applied to these resource figures.
The unit ton refers to short tons.
All reclamation work on Ester Dome has been completed and the Company is working towards completion of the closure of the Grant Mill tailings pond. This pond, which is filled to capacity with tailings, will be capped and decommissioned after a final approval of the tailings pond closure plan is received from the Alaska state regulatory authorities.
Assumptions and Methods
Bundtzen included the following steps during calculation of the indicated and inferred resources at Ester Dome:
examination of the Company's Ester Dome and Eagle Creek properties in 1980 - 82, during 1995, 2004 and 2008;
database compilation and data validation;
geological interpretation and modeling;
compositing assay intervals to a common length;
determination of average material density for both lode and placer properties;
analysis of grade variability;
polygonal estimation of grade by the compositing of sample assay information taken within designated widths and lengths of mineralized zones;
assignment of appropriate cut off grades, the lowest grade that can be mined economically;
classification of confidence in the estimates with respect to CIM (2005) guidelines; and
mineral resource tabulation and validation of the resource estimate.
To arrive at the resource estimates on Ester Dome, Bundtzen used data from 18,705 feet of trenching, 11,758 feet of overburden geochemical sample drilling, 58,396 feet of rotary drilling, 60,011 feet of surface diamond drilling, 3,740 feet of underground diamond drilling, and 7,917 feet of drift, raise, and sub-drift activities (in the Grant Mine). Specifically, 53 drill core holes totalling about 55,000 feet were the most important data source for both the indicated and inferred categories of gold resources on Ester Dome, most of which were derived from drilling the O'Dea deposit at the Grant Mine.
Data Verification
Bundtzen used exploration data stored in the Company offices on Ester Dome. During October 2004, he examined core from American Copper Nickel Company ("ACNC") drill program conducted during 1991 - 1992 in a core shed behind the Grant Mine complex. The Grant Mine and mill complex is situated on the southeast flank of Ester Dome, about 8 miles northeast of Fairbanks, Alaska. Bundtzen also was on site during the 1991 drill program at the Grant Mine. He also worked underground at the Grant Mine as a geologist then employed by the Alaska Department of Natural Resources during 1981 - 1982 while the Grant Mine was in development, and has a sound understanding of gold grades and character of the ore body. Bundtzen also observed drilling activity at the Ethel-Elmes operation prior to its development in 1988 - 1989. Although Bundtzen did not conduct independent check samples from the Ester Dome drill programs, he assessed the analytical integrity of the sample data. Two analytical facilities were used during past drill programs. The Company used ACME Analytical in Vancouver. ACNC used Chemex Labs in Vancouver. Both companies submitted prepared standards, which were inserted every 15th or 20th sample interval. ACNC also twinned certain drill holes previously drilled by the Company. Mr. Bundtzen's review of such results did not reveal any reportable anomalies. During the 2004 review, he reviewed the techniques and certified assay reports generated by the Company, including the gravimetric 'metallic assay' research work done at the Grant Mine.
Qualified Person
The mineral resource estimates contained in this news release were prepared by Thomas K. Bundtzen, President of Pacific Rim Geological Consulting, Inc., who is independent of the Company as defined by NI 43-101. Bundtzen is a Certified Professional Geologist with the American Institute of Professional Geologists. Bundtzen is the author of a NI 43-101 Technical Report entitled "Ester Dome Mineral Resource Estimation and Eagle Creek Exploration Results, Fairbanks Mining District, Alaska" dated July 30, 2008 which the Company has filed today on SEDAR. Bundtzen is a qualified person as defined by NI 43-101 and has verified the data contained in this news release for accuracy.
The mineral resource estimates reported in this news release were reported with reference to the Canadian Institute of Mining, Metallurgy and Petroleum Standards on Mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by the CIM Council on December 11, 2005 and referred to in NI 43-101, and are not compliant with US Securities and Exchange Commission (the "SEC") Industry Guide 7 guidelines. In addition, measured mineral resources, indicated mineral resources and inferred mineral resources, while recognized and required by Canadian Securities Administrators, are not defined terms under SEC Industry Guide 7. US investors are advised that NI 43-101 standards and the SEC's Industry Guide 7 standards are substantially different, and that many of the terms and concepts set out in and required to be disclosed by NI 43-101 as information material to the Company are neither recognized by the SEC nor included in or compliant with Industry Guide 7 standards. Investors are cautioned not to assume that any part or all of the mineral resource estimates in these categories will ever be confirmed or converted into a SEC Industry Guide 7 compliant "reserve".
Silverado Releases Mineral Resource Estimates for its Nolan Creek Property in Alaska
View News Release in PDF Format
July 30, 2008, Vancouver, British Columbia. Silverado Gold Mines Ltd. (the "Company") (SLGLF OTCBB, SLGL Frankfurt www.silverado.com), is pleased to announce that it has received completed antimony and gold mineral resource estimates for its Nolan Creek property from Thomas K. Bundtzen ("Bundtzen") of Pacific Rim Geological Consulting Inc., the independent mining consultant commissioned by the Company to prepare a NI 43-101 Technical Report. The Technical Report dated July 29, 2008 was filed today on SEDAR and is available at www.sedar.com. The Nolan Creek property includes the Workman's Bench Gold-Antimony Deposit, Koyukuk District, Northern Alaska and the Nolan Creek placer gold deposits. The mineral resource estimate tables below do not include the most recent drilling results which have been reported in the Company's news release dated July 21, 2008.
Workman's Bench Antimony Mineral Resource Estimate
Bundtzen has confirmed the inferred mineral resource estimate of 24,090 short tons of antimony and gold mineralized rock with an estimated grade of 38.69 percent antimony and 0.446 oz/ton gold, which contains 9,321 short tons of antimony metal and 10,737 ounces of gold. The following table summarizes the mineral resource estimate for the Workman's Bench Gold Antimony Deposit (effective July 2, 2008):
Category Cut-Off Grade
(% Sb) Quantity
(ton) Grade
(% Sb) Metal
(ton Sb) Grade
(oz/ton Au) Metal
(oz Au)
Inferred 4.0 24,090 38.69 9,321 0.446 10,737
Notes:
Mineral resources which are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues. There has been insufficient exploration to define these inferred mineral resources as an indicated or measured mineral resource, and it is uncertain if further exploration will result in upgrading the inferred mineral resource to an indicated or measured mineral resource category.
Rounding may result in some discrepancies.
No process recovery factors have been applied to these resource figures.
The unit ton refers to short tons.
Nolan Creek Placer Gold Mineral Resource Estimate
Since 1994, mineral resource estimates have been made by the Company relating to the Nolan Creek placer gold deposit area. Bundtzen was given access to all exploration data previously acquired by the Company to determine the current resource estimate of placer gold in the Nolan Creek placer gold deposits. The table below summarizes the mineral resource estimate for the Nolan Creek placer gold deposit (effective July 2, 2008). Note that rounding to three significant figures may result in discrepancies:
Category Cut-Off Grade
(oz/cu yd Au) Quantity
(cu yd) Gold Grade
(oz/cu yd Au) Metal
(oz Au)
Indicated 0.06 66,800 0.095 6,250
Inferred 0.01 185,670 0.033 6,177
Notes:
Mineral resources which are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues. There has been insufficient exploration to define these inferred mineral resources as an indicated or measured mineral resource, and it is uncertain if further exploration will result in upgrading the inferred mineral resource to an indicated or measured mineral resource category.
Rounding may result in some discrepancies.
No processing recovery factors have been applied to these resource figures.
The industry standard unit of quantity for Alaskan placer deposit is cubic yards. The weight of a cubic yard varies, but averages about 2.4 short tons.
The Nolan Creek placer gold deposit occurs in steep 2nd and 3rd order streams and in discontinuous bench deposits above the modern valley floors, which have formed as a result of rapidly changing base levels caused by fluctuating past glacial conditions. As such the actual deposits are small and disjointed. Although drill densities and exploration activities have resulted in the discovery and test mining of individual placer gold deposits, the Company has not yet identified a resource base sufficient for establishing annual production levels over a sustained period of time. The Company may continue with test mining of small placer gold deposits at the Nolan Creek property without establishing that the placer gold deposits contain sustainable and commercially viable mineral deposits.
Assumptions and Methods
Bundtzen included the following steps during calculation of the indicated and inferred resources at Nolan Creek:
personal inspection of both Workman's Bench lode style and the Nolan Creek placer style gold properties during 1994, 1999, 2004 and 2006-2008;
database compilation and data validation;
geological interpretation and modeling;
compositing assay intervals to a common length;
determination of average material density for both lode and placer properties;
analysis of grade variability;
polygonal estimation of grade by compositing of sample assay information taken within designated widths and lengths of mineralized zones;
assignment of appropriate cut off grades, the lowest grade that can be mined economically;
classification of confidence in the estimates with respect to CIM (2005) guidelines; and
mineral resource tabulation and validation of the resource estimate.
Data Verification
During numerous personal inspections of the Nolan Creek properties (1994 to 2008) the QP has observed sample collection and sample preparation practices for lode-style and placer-style deposits.
On June 13 and 14, 2008, the QP visited Nolan Camp and examined all significantly mineralized core intervals acquired from the 2007 exploration of the Workman's Bench property. A total of 18 mineralized intervals were examined. The analytical data was compared with each of the mineralized zones to confirm the elevated antimony and gold values in the sampled intervals.
Although drill core intervals can be checked through re-assay and inspection, placer intervals cannot be checked as the sample material is completely consumed during analysis. The QP has observed Silverado contractors preparing placer samples, concentrating and separating gold from the samples, weighing the recovered gold, and calculating the gold content per unit volume of material. The QP interviewed Silverado contractors involved in placer drill hole sampling and analysis during the 1990s and the 2003 to 2004 exploration programs. The QP is satisfied that this sampling and analysis was carried out in a sound manner.
Selected field duplicates of sampled intervals, two from underground channels, and one from a trench, were submitted by the QP to an umpire laboratory (Alaska Assay Laboratories LLC) to check analytical results from ALS Chemex. In as much that the samples are collected by different individuals at different times and analyzed by different labs, the QP judges that results from this limited comparison indicate acceptable levels of bias and accuracy for gold and antimony values and confirm the existence of mineralization.
Qualified Person
The mineral resource estimates contained in this news release were prepared by Thomas K. Bundtzen, President of Pacific Rim Geological Consulting, Inc., who is independent of the Company as defined by NI 43-101. Bundtzen is a Certified Professional Geologist with the American Institute of Professional Geologists. Bundtzen is the author of NI 43-101 Technical Report entitled "Estimation of Lode and Placer Mineral Resources, Nolan Creek, Wiseman B 1 Quadrangle, Koyukuk Mining District, Northern Alaska" dated July 29, 2008 which the Company has filed today on SEDAR. Bundtzen is a qualified person as defined by NI 43-101 and has verified the data contained in this news release for accuracy.
The mineral resource estimates reported in this news release were reported with reference to the Canadian Institute of Mining, Metallurgy and Petroleum Standards on Mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by the CIM Council on December 11, 2005 and referred to in NI 43 101, and are not compliant with US Securities and Exchange Commission (the "SEC") Industry Guide 7 guidelines. In addition, measured mineral resources, indicated mineral resources and inferred mineral resources, while recognized and required by Canadian Securities Administrators, are not defined terms under SEC Industry Guide 7. US investors are advised that NI 43-101 standards and the SEC's Industry Guide 7 standards are substantially different, and that many of the terms and concepts set out in and required to be disclosed by NI 43-101 as information material to the Company are neither recognized by the SEC nor included in or compliant with Industry Guide 7 standards. Investors are cautioned not to assume that any part or all of the mineral resource estimates in these categories will ever be confirmed or converted into a SEC Industry Guide 7 compliant "reserve".
Silverado Releases Mineral Resource Estimates for its Ester Dome Property in Alaska
View News Release in PDF Format
July 31, 2008, Vancouver, British Columbia. Silverado Gold Mines Ltd. (the "Company") (SLGLF OTCBB, SLGL Frankfurt, www.silverado.com), is pleased to announce that it has received a completed mineral resource estimate for its Ester Dome property, located about 10 miles west-northwest of the community of Fairbanks in interior Alaska, from Thomas K. Bundtzen ("Bundtzen") of Pacific Rim Geological Consulting Inc., the independent mining consultant commissioned by the Company to prepare a NI 43 101 Technical Report. The Technical Report, dated July 30, 2008, was filed today on SEDAR and is available at www.sedar.com.
Mineral Resource Estimate
Since 1983, mineral resource estimates have been prepared by the Company relating to Ester Dome near Fairbanks, Alaska. Bundtzen was given access to all exploration data previously acquired by the Company to determine the current resource estimates of lode gold on Ester Dome. The table below summarizes the mineral resource estimate for the Ester Dome property (effective July 11, 2008):
Category Cut-Off Grade
(oz/cu yd Au) Quantity
(cu yd) Gold Grade
(oz/cu yd Au) Metal
(oz Au)
Indicated 0.06 66,800 0.095 6,250
Inferred 0.01 185,670 0.033 6,177
Notes:
Mineral resources which are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues. There has been insufficient exploration to define these inferred mineral resources as an indicated or measured mineral resource, and it is uncertain if further exploration will result in upgrading the inferred mineral resource to an indicated or measured mineral resource category.
Rounding may result in some discrepancies.
No processing recovery factors have been applied to these resource figures.
The unit ton refers to short tons.
All reclamation work on Ester Dome has been completed and the Company is working towards completion of the closure of the Grant Mill tailings pond. This pond, which is filled to capacity with tailings, will be capped and decommissioned after a final approval of the tailings pond closure plan is received from the Alaska state regulatory authorities.
Assumptions and Methods
Bundtzen included the following steps during calculation of the indicated and inferred resources at Ester Dome:
examination of the Company's Ester Dome and Eagle Creek properties in 1980 - 82, during 1995, 2004 and 2008;
database compilation and data validation;
geological interpretation and modeling;
compositing assay intervals to a common length;
determination of average material density for both lode and placer properties;
analysis of grade variability;
polygonal estimation of grade by the compositing of sample assay information taken within designated widths and lengths of mineralized zones;
assignment of appropriate cut off grades, the lowest grade that can be mined economically;
classification of confidence in the estimates with respect to CIM (2005) guidelines; and
mineral resource tabulation and validation of the resource estimate.
To arrive at the resource estimates on Ester Dome, Bundtzen used data from 18,705 feet of trenching, 11,758 feet of overburden geochemical sample drilling, 58,396 feet of rotary drilling, 60,011 feet of surface diamond drilling, 3,740 feet of underground diamond drilling, and 7,917 feet of drift, raise, and sub-drift activities (in the Grant Mine). Specifically, 53 drill core holes totalling about 55,000 feet were the most important data source for both the indicated and inferred categories of gold resources on Ester Dome, most of which were derived from drilling the O'Dea deposit at the Grant Mine.
Data Verification
Bundtzen used exploration data stored in the Company offices on Ester Dome. During October 2004, he examined core from American Copper Nickel Company ("ACNC") drill program conducted during 1991 - 1992 in a core shed behind the Grant Mine complex. The Grant Mine and mill complex is situated on the southeast flank of Ester Dome, about 8 miles northeast of Fairbanks, Alaska. Bundtzen also was on site during the 1991 drill program at the Grant Mine. He also worked underground at the Grant Mine as a geologist then employed by the Alaska Department of Natural Resources during 1981 - 1982 while the Grant Mine was in development, and has a sound understanding of gold grades and character of the ore body. Bundtzen also observed drilling activity at the Ethel-Elmes operation prior to its development in 1988 - 1989. Although Bundtzen did not conduct independent check samples from the Ester Dome drill programs, he assessed the analytical integrity of the sample data. Two analytical facilities were used during past drill programs. The Company used ACME Analytical in Vancouver. ACNC used Chemex Labs in Vancouver. Both companies submitted prepared standards, which were inserted every 15th or 20th sample interval. ACNC also twinned certain drill holes previously drilled by the Company. Mr. Bundtzen's review of such results did not reveal any reportable anomalies. During the 2004 review, he reviewed the techniques and certified assay reports generated by the Company, including the gravimetric 'metallic assay' research work done at the Grant Mine.
Qualified Person
The mineral resource estimates contained in this news release were prepared by Thomas K. Bundtzen, President of Pacific Rim Geological Consulting, Inc., who is independent of the Company as defined by NI 43-101. Bundtzen is a Certified Professional Geologist with the American Institute of Professional Geologists. Bundtzen is the author of a NI 43-101 Technical Report entitled "Ester Dome Mineral Resource Estimation and Eagle Creek Exploration Results, Fairbanks Mining District, Alaska" dated July 30, 2008 which the Company has filed today on SEDAR. Bundtzen is a qualified person as defined by NI 43-101 and has verified the data contained in this news release for accuracy.
The mineral resource estimates reported in this news release were reported with reference to the Canadian Institute of Mining, Metallurgy and Petroleum Standards on Mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by the CIM Council on December 11, 2005 and referred to in NI 43-101, and are not compliant with US Securities and Exchange Commission (the "SEC") Industry Guide 7 guidelines. In addition, measured mineral resources, indicated mineral resources and inferred mineral resources, while recognized and required by Canadian Securities Administrators, are not defined terms under SEC Industry Guide 7. US investors are advised that NI 43-101 standards and the SEC's Industry Guide 7 standards are substantially different, and that many of the terms and concepts set out in and required to be disclosed by NI 43-101 as information material to the Company are neither recognized by the SEC nor included in or compliant with Industry Guide 7 standards. Investors are cautioned not to assume that any part or all of the mineral resource estimates in these categories will ever be confirmed or converted into a SEC Industry Guide 7 compliant "reserve".
About the Company
The Company is an exploration stage company focused on the exploration of gold properties, with some past production, and the development of new environmentally friendly low-rank coal water fuel technology. The Company has gold properties located throughout Alaska, which include a 100% interest in numerous mining claims located on the Nolan Creek property. The Company is developing low-rank coal water fuel that is designed to be produced from low-rank coal and processed into an environmentally friendly oil substitute. Silverado Green Fuel Inc. is a wholly owned subsidiary of its publicly traded parent, Silverado Gold Mines Ltd. For more information about Silverado Green Fuel Inc., please visit http://www.silveradogreenfuel.com/ and the public parent corporation at http://www.silverado.com/.
Silverado Receives Encouraging Preliminary 2008 Drill Results at Nolan Creek
View News Release in PDF Format
Vancouver, BC, Canada, (July 21, 2008). Silverado Gold Mines Ltd. (the "Company" or "Silverado") SLGLF OTCBB, SLGL Frankfurt, www.silverado.com, announces today that it has completed 16 drill holes totalling 4,823 ft. as part of its 2008 exploration drilling at Workman's Bench, the Company's prime exploration target on its Nolan Creek property. This year's drilling has extended the known lateral extent of the stibnite (antimony)-gold vein systems on Workman's Bench from 600 ft. to 1,000 ft.
Visible gold was observed in drill core from holes 08SH1B and 08SH08. The Company has also collected four large underground samples of stibnite and gold mineralized rock from the main vein in Tunnel D, which assayed as high as 2.02 troy ounces of gold per ton, and 40.39% antimony.
Workman's Bench is the Company's prime exploration target for a lode gold and antimony deposit in the southwestern part of the Solomon Shear Zone. The Solomon Shear Zone contains NE striking gold-antimony-quartz vein systems which also occur in other areas on the Nolan Creek property, including across Smith Creek on Pringle Bench and north of Smith Creek Dome.
This years drilling on Workman's Bench has focused on defining the lateral and vertical extent of the known gold and antimony mineralized zones, in particular on the main exposed vein in underground exploration Tunnels C and D. Information thus far indicates the gold and antimony mineralized zones at Workman's Bench are open laterally and at depth. A drill hole location map for these zones can be found on the Company's website on the Nolan Creek project page at http://www.silverado.com/i/pdf/2008-07-21_Fig1.pdf
The Company has received the first assay results for drill holes 08SH01A, 08SH01B and 08SH02, which are presented in the table below. The reader should note that assay results listed in the table present results of individual veins sampled and cut from the drill core. Assays from some of the veins cut in drill holes 08SH1B and 08SH02 are pending, and will be reported upon receipt. Additional assays for the remaining drill holes are also pending. Drilling continues on the Workman's Bench Zone, as warranted.
DRILL
HOLE
NUMBER SAMPLE
INTERVAL
(FROM) SAMPLE
INTERVAL
(TO) SAMPLE
LENGTH
(FT) GOLD
(OZ/TON) ANTIMONY
(%)
08SH01A 94.90 96.30 1.4 0.01 1.40
08SH01A 130.60 131.60 1 0.07 0.01
08SH01A 150.70 151.40 0.7 0.04 0.00
08SH01A 162.00 167.00 5 0.01 1.44
08SH01A 169.10 171.50 2.4 0.04 0.01
08SH01A 176.00 178.00 2 0.08 0.01
08SH01B 198.70 199.20 0.5 0.21 17.86
08SH01B 232.50 233.00 0.5 0.03 0.03
08SH01B 293.30 293.90 0.6 0.12 0.00
08SH02 125.00 127.00 2 0.04 0.86
08SH02 142.50 143.00 0.5 0.08 0.00
08SH02 145.00 146.00 1 0.11 0.01
08SH02 146.50 148.50 2 0.07 0.01
08SH02 154.60 155.40 0.8 0.07 0.01
08SH02 155.90 156.80 0.9 0.07 0.00
08SH02 160.00 160.60 0.6 0.03 23.33
08SH02 169.00 169.50 0.5 0.02 3.32
08SH02 170.20 170.70 0.5 0.02 7.95
08SH02 176.10 176.60 0.5 0.05 0.03
08SH02 182.00 182.70 0.7 0.08 0.03
08SH02 186.50 187.50 1 0.09 37.92
08SH02 198.80 200.60 1.8 0.04 0.01
The assay results at Workman's Bench returned significant antimony grades in drill holes 08SH1B and 08SH02. Drill core from hole 08SH1B showed visible gold in one vein. Assays for that particular interval are still pending. Drill hole 08SH02 intersected the main vein at 186.5 ft to 187.5 ft downhole. The vein has a true width of 5 inches, and assayed as high as 37.92% antimony and 0.09 troy ounces of gold per ton. Visible, coarse gold was also observed in a stibnite-quartz vein in drill hole 08SH08 at 348 ft to 348.2 ft (See http://www.silverado.com/i/pdf/2008-07-21_Pic1.pdf ) and 380 ft to 381.2 ft downhole.
All drill core was logged and photographed by Silverado geologists. Once all technical data was derived from the core, the core was cut lengthwise. The half-core was sampled by pre-determined intervals based on geology, and placed in sealed sample bags labelled with the assigned sample number. All samples were delivered to ALS Chemex in Fairbanks for analysis. Specific antimony samples of massive stibnite veins were delivered to Alaska Assay Laboratories in Fairbanks for analysis. With the shipment to the laboratories of every 20th sample, the Company submitted two (2) standard samples, and one (1) blank sample for analysis. From time to time, the Company instructed the laboratories to assay duplicate samples of the pulp from the drill core.
Silverado further announces that gold and antimony values from large vein samples collected underground from the main vein in Tunnel D at four different sample locations assayed as high as 2.02 troy ounces gold per ton and 40.39% antimony. These assays confirm the high grade nature of gold and antimony mineralization within the main vein over a length of 67 ft in Tunnel D. The stibnite ore samples were delivered to Alaska Assay Laboratories in Fairbanks for analysis. Duplicate samples have also been delivered to ALS Chemex in Fairbanks for analysis. Duplicate assays are pending.
SAMPLE
LOCATION SAMPLE
NUMBER GOLD
(OZ/TON) ANTIMONY
(%)
I 707081 0.38 33.13
II 707082 0.65 33.59
III 707083 2.02 34.46
IV 707084 0.73 40.39
Dr. Karsten Eden, Certified Professional Geologist, and Vice President Exploration of Silverado, is the qualified person as defined by Canadian National Instrument 43-101 for the Company and has verified the data contained in this news release.
ABOUT THE COMPANY
The Company is an exploration stage company focused on the exploration of gold properties, with some past production, and the development of new environmentally friendly low-rank coal water fuel technology. The Company has gold properties located throughout Alaska, which include a 100% interest in numerous mining claims located on the Nolan Creek property. The Company is developing low-rank coal water fuel that would be produced from low-rank coal and processed into an environmentally friendly oil substitute. Silverado Green Fuel Inc. is a wholly owned subsidiary of its publicly traded parent, Silverado Gold Mines Ltd. For more information, please visit http://www.silverado.com/.
CONTACT INFORMATION - SILVERADO GOLD MINES LTD.
Mailing Address
Suite 1820 - 1111 West Georgia St
Vancouver, British Columbia
Canada V6E 4M3
Telephone: (604) 689-1535
Facsimile: (604) 682-3519
Toll Free: 1-800-665-4646
(Canada and USA only)
if i had some mula i'd through in some more king of a crap shoot who knows any more its gettin ugly out there
Non Polluting $15/Barrel 'Green' Fuel Base Replaces Skyrocketing $90-100/Barrel Crude Oil
Silverado's Commercial Green Fuel Technology Produces Fuel Without
Releasing Greenhouses Gases
VANCOUVER, Nov. 5 /CNW/ - Silverado Green Fuel Inc. is less than three
years away from having a fully operational facility to demonstrate how its
green fuel technology can replace many of the industrial applications for oil
at a fraction of the cost, without releasing greenhouse gases or damaging the
environment. By energy industry standards, that is considered on-stream ready.
Silverado (http://www.silveradogreenfuel.com) turns low-rank coal
(representing half of the U.S.'s coal reserves) into Green Fuel, which can be
commercially produced without releasing carbon dioxide into the atmosphere,
without particle emissions, and without the release of toxic by-products. The
supply of low rank coal in North America represents centuries of energy
resources availability.
Initial production costs are estimated at under US$15 per barrel, on an
oil equivalent energy basis, compared to $90 - $100/barrel crude oil.
Green Fuel is produced without releasing any harmful emissions into the
air, and because low rank coal already has a moisture content of 40%, most of
the water used in Silverado's Green Fuel Technology is actually recycled from
the process itself, and re-used.
"Silverado is a world leader in low rank coal to liquid fuel technology",
states Garry Anselmo, President and CEO. "We are generating excitement and
interest from the private and public sectors because we have a ready, proven
technology for 'now', so the timing for Silverado is perfect. And because
America's energy future, security and domestically produced energy supply is
THAT important".
Green Fuel can be used to power oil-fired power plants directly, or be
used as a feedstock for further processing to produce transportation fuels
(jet, diesel, gasoline), key agricultural compounds (fertilizers, synthetic
petrochemical feedstocks, ammonia), industrial products (oils, lubricants,
synthetics) and even consumer products (plastics, packaging, etc.). Silverado
Green Fuel can also be further processed to produce pure, clean hydrogen to
power fuel cell automobiles and power plants.
The company has entered into a Memorandum of Understanding with the
Mississippi Development Authority and other state agencies to build a $26
million Green Fuel demonstration 'Ecoplex' plant. The plant will use the vast
low-rank coal reserves found near the Mississippi site, and should be
operating fully by 2010. Silverado has been working with Members of Congress
to obtain an appropriation from the Federal Government for this project.
Silverado Green Fuel processing plants can be established in any location
where there is a deposit of low-rank coal nearby. The potential for Silverado
facilities throughout North America, and even world-wide is on the company's
radar, following its exciting Mississippi venture and commitments.
Independent Media Editorials on Silverado Green Fuel
Power Online, Oct 10/07: "New Technology to Turn Vast Reserves of
Low-Rank Coal Into "Green Fuel"
http://www.poweronline.com/content/news/article.asp?docid=(138258ac-aa0f-47f2-
9648-982f2e4c2c5e)
Oil and Gas Online, Oct 10/07: "Silverado Green Fuel Inc. to Build
Demonstration 'Ecoplex' in Mississippi"
http://www.oilandgasonline.com/content/news/article.asp?docid=(138258ac-aa0f-4
7f2-9648-982f2e4c2c5e)
Oil and Gas Product News, July/Aug 07: "Vancouver Company Targets
Low-Grade Coal to Create Green Fuel"
http://www.baumpub.com/ogpn/features_details.php?feature_id=417&fpage=1
Silverado Green Fuel Inc. www.silveradogreenfuel.com
Silverado Gold Mines Ltd. www.silverado.com
More Information - http://www.silverado.com/investors/request/
SILVERADO GOLD MINES LTD.
About Silverado
Silverado is an international company focused on Gold and a new
environmentally friendly Fuel Technology. Silverado has gold properties
located throughout Alaska which include the 100% owned Nolan Placer Gold Mine.
Silverado is also entering the construction phase of an environmentally
friendly low cost strategic fuel demonstration facility. Silverado's Green
Fuel will be produced from low-rank coal and turned into a environmentally
friendly oil substitute. Silverado Green Fuel Inc. is a wholly owned
subsidiary of its publicly traded parent, Silverado Gold Mines Ltd.
Trading Symbols
OTC BB - SLGLF
FRANKFURT - SLGL
BERLIN - SLGL
This Press Release may contain, in addition to historical information,
forward-looking statements within the meaning of Section 27A of the Securities
Act of 1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended. These statements are based on management's expectations and
beliefs, and involve risks and uncertainties. These statements may involve
known and unknown risks and uncertainties and other factors that may cause the
actual results to be materially different from the results implied herein.
Readers are cautioned not to place undue reliance on the forward-looking
statements made in this Press Release.
For further information: Suite 1820-1111, West Georgia Street,
Vancouver, British Columbia, Canada, V6E 4M3, Telephone: (604) 689-1535,
Facsimile: (604) 682-3519; Investor Relations: E-mail: ir@silverado.com;
Public Relations: E-mail: pr@silverado.com; Toll Free: 1-800-665-4646 (Canada
and USA only)
http://www.newswire.ca/en/releases/archive/November2007/05/c4232.html
any thing new or are we going to set here and not move?
you might like this site.
For more on the Junior Mining sector go here
http://investorshub.advfn.com/boards/board.aspx?board_id=12963
you might like this site
For more on the Junior Mining sector go here
http://investorshub.advfn.com/boards/board.aspx?board_id=12963
added to my faves good to see a board for juniors
its the same story so it is a pr being put out its in AZ. papers manely
http://www.willcoxrangenews.com/articles/2008/06/26/news/news03.txt
Lightning cracks the blackened sky,
Hear the thunder chariot ride
All brave men with hearts of war
Ride the path of mighty Thor
this story is hitting small papers and jeronals almost every day I find this story from a diffent source
Colorado too!
Elfrida copper mining
Published on Wednesday, June 25, 2008
Among the many assets contained in Cochise County is copper. Lots of it.
Lately, a Colorado company named Aurelio Resource Corp. has been investigating the possibility of re-mining the copper-rich ore found in the Elfrida-Courtland area.
Advertisement
Currently selling for about $4 a pound, the price of copper has quadrupled in the last five years. The global market has been driven by a high demand in China. The value of copper is reflected in some criminal behavior, in which thieves have stripped copper out of even some of the most remotely-located public and private infrastructure.
The Turquoise Mining District north of Elfrida, on the trailing southern edge of the Dragoon Mountains, was a productive copper mining area from the late 1880s through the 1930s and again in the 1960s and 1970s.
Why not again?
During the recent economic downturn, many people are reminded of the value of things. If a valuable metal can be produced from the earth for a fair market value, without harming any person or property, then this can be a worthy goal.
Jobs, income, tax revenues and other benefits could come to Cochise County as a result. As one person commented, perhaps the dusty washboard Gleeson Road that connects Tombstone to Elfrida could finally get the paving that so many people have desired for so long.
There are, of course, many questions and concerns from people who live in the mining district.
The two big items on everyone's mind: Water adequacy and pollution.
These concerns are not easily resolved. Cochise County residents are fiercely protective of their rural, unspoiled environment.
The public process of hearings and authorization at multiple layers of government is designed to address people's concerns. There is also an opportunity for redress through the courts and ballot initiatives.
But, really, the bottom line is: Can Aurelio be a good, responsible neighbor? They claim so, saying they have spent much time getting to know the people in the area.
It remains to be seen whether they will be or not. But we say give them a chance.
http://www.svherald.com/articles/2008/06/25/opinion/editorials/doc4861df517560d253126415.txt
Attention Business Editors:
Silverado's Two Hot Sectors, Gold and Energy, Fuel China Investor Interest
VANCOUVER, March 19 /CNW/ - Silverado Gold Mines Ltd (Trading Symbols,
OTC BB - SLGLF, FRANKFURT - SLGL), and its wholly owned subsidiary, Silverado
Green Fuel Inc., is pleased with the progress on its newly launched China
investor attraction beta test initiative.
The launch of Silverado's new China language corporate website
(www.silverado.hk) has started to receive some attention from China, Hong
Kong, Singapore and Macao based stock market brokers, investment dealers and
financial institutions.
Silverado's China initiative contractor, Synergy Management Group Ltd.
(www.synergy1.ca), reports that the campaign includes advertising in China's
leading investment and securities newspaper, and building awareness about
Silverado, and the company's Chinese website. Even more importantly, Synergy's
China-based associates are involved in presentations to, and meetings with
personal contacts within the investment/investor community. This personal
networking, called 'guanxi', is the basis for succeeding in China. 'Guanxi' is
the cornerstone of Silverado's China test program to attract a new base of
Asia-based stock market players, known for their interest in highly liquid and
affordably priced, undervalued microcap stocks.
"Silverado recognizes that this China initiative is a process, and we are
prepared to allow it to develop and take hold, as the program unfolds," stated
Garry L. Anselmo, President and CEO of Silverado, and added, "We are pleased
with the progress, and will look for some solid payback in the near future."
Silverado Opens Second China Investor Attraction Front
------------------------------------------------------
The North American-based Chinese investor community is a vibrant,
proactive group. The Chinese-speaking population of North America represents
approximately 5 million people.
Silverado is pleased to announce a six month initial agreement signed
with NAI Interactive Ltd., a subsidiary of ChineseWorldNet.com Inc. "NAI has
worked with over 300 public companies and successfully increased their
company's overall value, including market value (by up to 300%), providing a
bridge between public companies and North American Chinese investors."
(http://www.naiinteractive.com ).
Silverado will be a Feature Company on the NAI investor network, investor
databases and search engines, throughout the U.S. and Canada. Silverado will
also be represented in NAI's conferences throughout North America, and in
NAI's Mining Investment Directory.
http://www.newswire.ca/en/releases/archive/March2008/19/c5675.html
Lightning cracks the blackened sky,
Hear the thunder chariot ride
All brave men with hearts of war
Ride the path of mighty Thor
ELFRIDA — The tell-tale blue lay scattered around the high desert landscape.
“Though it looks like turquoise, it isn’t. It’s better. It’s copper,” said Dave Johnson, chairman of the board of Aurelio Resource Corp.
Advertisement
A deserted ore processor is one of many reminders of mining that was once done in Courtland. The Aurelio Resource Corp. of Lakewood, Colo., is now researching the feasibility of re-mining the area. (Ed Honda•Herald/Review)
(Use arrows above to view more photos) Stephen Doppler, Aurelio president and chief executive officer, reached down to pick up a chunk of rock and knocked it in two. Inside was the same blue color with a black streak which, he pointed out, is pure copper. The rock strata contains not only copper, but zinc and minor amounts of lead, gold and silver.
The area is known as Turquoise Mining District and it lies a few miles north of Elfrida back in the rolling hills on the trailing southern edge of the Dragoon Mountains.
“This was a prolific mining area from the late 1880s through the 1930s and again in the 1960s and 1970s. We have found some of the foundations of the old homesteads. It’s hard to imagine that nearly 1,000 people lived back up here and that a rail line connected it to the outside,” Johnson explained.
Off and on over the years, numerable mining companies have invested in the area and drilled some 197,000 feet in the 274 holes.
Fred Warnaars, secretary to the board of directors, is a spry and smiling 78-year-old geologist who did much of the early research on the site. Johnson and Doppler credit him with making the first decisive finds on the property.
Aurelio has been investigating the mineral content to determine if it’s economically feasible to mine the various ores since it first stared acquiring property in 2006.
By a stroke of luck, a huge stash of drill cores were found on a ranch near Tombstone. Boxes and boxes of the cores lie on pallets at the field office on Courtland Road. The cores were drilled around 45 years ago, said Johnson.
“At the time, the technology to mine lower grade copper wasn’t around. So, we’re going back and checking over the samples from the cores and we’re finding it’s running in the 1- to 2-percent range and sometimes more. That’s good enough to mine with a leaching process.”
In a small workshop, Ralph Smith, a local employee of Aurelio, was sawing the cores to open them up for assaying. It’s a dirty noisy job, and he wears ear protection to ensure he doesn’t lose his hearing. The core samples are then sent on to an Arizona laboratory for determination of the ore’s quality.
The cores were drilled from 500 feet to 1,000 feet at 247 points on the 5,300 acres the company now controls or owns out-right. Through an assemblage of data, the engineers and geologists went through a laborious process to tabulate the data. They also were able to locate each one of the old drill holes and match up the drill hole to the core sample, Johnson added.
Diane Dudley, investor relations, said, “This has been like putting pieces of a puzzle together when you don’t know what it looks like.”
Aurelio itself has drilled another 23,000 feet combined for 44 holes. That’s to determine the depth of the ore, added Johnson. All this information is needed to map the extent of the ore-bearing rock — how deep it goes vertically and horizontally.
What they are finding could lead to a mining boom in the historic area. With a possible 2 million pounds of copper and an untold amount of zinc to capture from the rock, the little town of Elfrida may see a boost to its economy. Copper is currently worth around $4 a pound and zinc around $1.80.
Aurelio became interested in the venture when geologists began finding historic records of the drill holes and core content back in 2006 and quickly acquired 13 mining claims.
“Some of the ore lies close to the surface,” Johnson said. “What we’ve found in the mining district is farther underground.”
The company plans to use the open-pit mining technique, which could produce a mini-Lavender Pit with a 400- to 500-foot depth.
Local concerns
Johnson and Doppler say they are committed to perform the mining operations with the environment in mind. They say they will try to stick with the natural flow of the hills and ridges for waste rock disposal. The leaching process will take water conservation into account and will be recycled within the system at least seven times. The fluid also will include one of the low-acid solutions or biologicals that will process the ore through chemical breakdown and precipitate copper or zinc in the slow drip method. There was also talk of adding a canopy over the leach field to conserve even more water.
Area history also is at the top of the list, said Dudley. “We want to preserve the historical aspects of the old townsite. There’s a very old cemetery up there that we want to get on the county’s historical list. We want to help this become a tourist destination.”
Whatever gets built on the property will remain hidden from public view so as not to disturb the picturesque viewshed. Buildings will be painted to match the desert surroundings so they blend in.
Johnson has also spent a lot of time getting to know the nearest neighbors.
“You want to make sure you deal with the concerns of the neighbors to the best of your ability. We want to address their concerns. But, there are limits. We’ll remain as flexible as we can,” added Johnson. “But, so far, many residents in the area have been very supportive of the possibility of the mine.”
The company has a long way to go, possibly several years, before the mining commences.
The scope of the mining operation and the procedure has to be determined. Then there’s the study of air quality, all the flora, fauna and environmental issues as well as historical and archeological issues.
“We have to have a baseline for all that before we can begin the permitting process,” said Johnson. “That process will take a number of years. We won’t actively begin mining until around 2013.”
That’s only if the studies and assays pan out and if they can interest enough investors in the project. The company has already spent $900,000 and plans to lay out around $5 million over the next 12 months.
It’s an aspect of the endeavor that remains challenging in the current economic crisis. Millions of dollars must be raised, and so Aurelio has been actively seeking investors to finance the coming drilling and construction.
Johnson said, “Raising money is not easy. This is a risky business.”
sweet run or turn around today if it holds look'en real good
well it filled the gap and droped to old low now look for buy to conferm bottom
your right on target read the chart not the fluff
do you use charts, if not you need to start learn how to read MACD ACCM and any other moveing avg. buy on dips not on peaks the first day of a break out run you should be alright but the 2nd day is pushing it this is a good stock so you might have to ride it through a swing down a good lesson write down all action that takes place and learn from this you can make it happen be calm and take your time learn charts for your entry points. good trading to you
a little late you need to buy on romours and learn to sell the news
holding in srsr and the other both have been sweet when they pop they pop its srsr turn next.
these are some of my sources for news.
http://www.mineweb.com/mineweb/view/mineweb/en/page1?
http://www.bloomberg.com/index.html?Intro=intro3
http://futures.tradingcharts.com/
http://bigcharts.marketwatch.com/default.asp?siteid=&avatar=seen&dist=ctbc
http://www.marketwatch.com/News/Story/Story.aspx?guid=dc6b05c1714140dda1f230992f5e8902&siteid=nwhpf&sguid=_450ky9LAUq9DO6fZ6IVvQ
this was my source for the post.
http://www.bloomberg.com/apps/news?pid=conewsstory&refer=conews&tkr=AULO:US&sid=a8KNsNoIrGJI
Aurelio Resource Corp
Aurelio Announces Details of 2008 Exploration & Development
Program at Hill Copper-Zinc Project
LITTLETON, Colo.--(BUSINESS WIRE)--June 05, 2008 Aurelio Resource Corporation (OTCBB: AULO)(FWB: F3RA) is pleased to announce plans for further exploration and development of the Company's wholly-owned Hill Copper-Zinc Project, located in Cochise County, Arizona.
Significant Drilling Planned For The Remainder Of 2008 At Hill Copper Leach Project
The Company has received approval from the U.S. Bureau of Land Management for a 47,000-foot core drilling program on the MAN unpatented mining claims. Additional drilling is planned for 2008 on patented mining claims elsewhere in the Turquoise Mining District that are also wholly-owned by the Company.
I don't go for pumping things,or neg stuff unless it is facts I try and keep from hopeing that a stock runs, hope is a poor way to trade,chart action and romour and news is what I trade on, buy the rumour sell the news. Good trading to you
As far as financing the Company's growth is concerned, the Company's management team is committed to accessing capital in a responsible manner having recently completed a few small private placements of restricted shares to raise the necessary funds to complete these early stages of our evolution. Furthermore, we are committed to continue to balance our capital requirements with our desire to maintain a reasonable share structure through judicious placement activities. All told, after accounting for recent private placements an d share issuances in which 14,250,000 Sarissa Resources shares were allocated, the Company's fully diluted capital structure is comprised of 740,116,058 common shares outstanding, of which 264,030,000 are restricted.
In summation, the vast scale of this exciting exploration target requires a professional approach to determine the ultimate extent of the deposits, and both I and the rest of the management team are motivated by the potential of this project and look forward to reporting new results and developments as they occur. We are excited about the potential that lies ahead and thank you for your patience, loyalty and your continued support as we move forward. We can only hope that the next 6 months will be as exciting and productive as the first 6 have been and we will continue to communicate regularly on our progress as we strive to reach our goals.
Aurelio Announces Details of 2008 Exploration & Development
Program at Hill Copper-Zinc Project
LITTLETON, Colo.--(BUSINESS WIRE)--June 05, 2008 Aurelio Resource Corporation (OTCBB: AULO)(FWB: F3RA) is pleased to announce plans for further exploration and development of the Company's wholly-owned Hill Copper-Zinc Project, located in Cochise County, Arizona.
Significant Drilling Planned For The Remainder Of 2008 At Hill Copper Leach Project
The Company has received approval from the U.S. Bureau of Land Management for a 47,000-foot core drilling program on the MAN unpatented mining claims. Additional drilling is planned for 2008 on patented mining claims elsewhere in the Turquoise Mining District that are also wholly-owned by the Company.
Approximately 20,000 feet of the planned and permitted drill program has been designed to further delineate the extent of the leachable chalcocite resource, and provide additional drill and assay data for an independent NI 43-101 resource estimate to be completed by the end of the year. The drilling results will also be incorporated into a pre-feasibility study, planned for 1Q 2009.
The Company has signed a comprehensive drilling services agreement with Wilcox Professional Services LLC of Scottsdale, AZ for core drilling, road and site preparation, surveying and reclamation. The Company anticipates that drilling should begin within the next sixty days, subject to drill rig availability.
Further Metallurgical Test Work To Be Completed
Based on the very encouraging sequential leach test results reported on April 28, 2008 (see news release #08-11), which confirmed that secondary (chalcocite) copper mineralization at Hill is amenable to extraction of copper using industry-standard acid leach solution methods, the Company has decided to proceed with Phase II metallurgical test work.
Mountain States Research & Development International ("MSRDI") will conduct bottle roll tests on minus 1/2-inch size feed (representing a potential heap leach operation), and develop time versus recovery curves for this mineralized material. Using new drill core (approximately 5,000 feet of core from the permitted program), MSRDI will conduct a series of 6-inch diameter by 6-foot high column tests (using crush size that is yet to be determined) over a 60- to 90-day period.
At the conclusion of these work programs, MSRDI will provide the Company with preliminary flow sheets and initial engineering recommendations, including estimated operating and design parameters.
Log, Sample and Assay of 15,000 Ft. of Historic Drill Core in Chalcocite / Oxide Zones
In July 2007, the Company reported that it had successfully acquired 76,780 feet of drill core from 95 holes drilled by Santa Fe Minerals, Inc. (now part of Newmont Mining), Bear Creek Exploration and Great Gray Resources between the late 1960s and the mid 1990s on land within the Turquoise Mining District that is now 100% controlled by Aurelio (see news release #07-11).
Over the next seven months, the Company plans to log, assay and sample approximately 12,000 feet of this historic drill core, focusing on the upper (leachable) intervals of each core hole. The extensive chalcocite blanket identified by Aurelio was essentially ignored by all of the companies who previously drilled in the district.
This program will provide geologic information and assay data where none existed before, and the Company anticipates that the net result will be a significant increase in the size of the leachable copper deposit. Assay results will be released as information becomes available.
Additional Work Planned For MAN Sulfide Zone at Hill Copper-Zinc Project
Lastly, the Company plans further work on the high-grade copper-zinc-gold-silver sulfide mineralization that underlies the Hill Copper Leach Project.
Of the 47,000 feet of drilling planned and permitted on the MAN claims, approximately 22,000 feet will be in-fill and step-out drilling within the MAN Area sulfide zone, with limited additional drilling into sulfide targets at Courtland and South Courtland. Priority exploration targets will also be sampled and analyzed.
The Company also plans to log, sample and assay approximately 8,000 feet of sulfide zone intercepts from the historic drill core (primarily in the MAN Area). In many of the holes drilled by Santa Fe and others, zinc, gold and silver were ignored (because of then-prevailing metals prices), but will now be examined and assayed.
The 2008 work program on the sulfide zones at the Hill Copper-Zinc Project will culminate in a separate NI 43-101 resource estimate.
look'in good today I wonder whats up and who's buying, like'in what I see