Silverado Gold Mines Ltd. (fka SLGLF)

[MUSHROOMKING]

Silverado Gold Mines has discovered a new network of richly mineralized gold-antimony quartz vein structures at its wholly-owned Nolan Gold Mine in Alaska's Arctic Circle region.
A systematic program of backhoe trenching within the prolifically-mineralized, five-mile long Solomon Shear Zone has encountered plenty to get excited about. This includes a 16.4-foot (5 metre) continuous chip sample from Trench H, grading 5.22 ounces per ton (179 grams) of gold, and 8.74% antimony by ore assay.
Due to the exceptionally high content of gold assayed, a second sample was successfully re-assayed at the ALS Chemex Lab confirming these bonanza gold grades and impressive antimony values, runnning as high as 30%.
In addition to the high gold assay found in trench H, high antimony values were also found. Significant gold and antimony values were also found in the G and J trenches. (Please refer to the following Silverado's news release for more details: http://www.silverado.com/august082007/figure1.htm
In particular, the consistently high antimony values are favourably comparable with the previous work in this vicinity where sampling showed antimony assays as high as 46%.
To put this in dollar terms, rock containing 46% antimony would be worth about U.S. $2,300 per ton (at the current antimony price of $2.56/lb). By comparison, the same ton of rock would have to contain roughly 3.5 ounces of gold per ton (at $656/ounce) to be of the same monetary value.