Silverado Gold Mines Ltd. (fka SLGLF)

[MUSHROOMKING]

Silverado Gold Mines announced today that it has begun exploration drilling on its Nolan property using the company's recently purchased diamond drill rig. The drilling focuses on an area North of Smith Creek: http://www.silverado.com/maps/060907overview.pdf, where company backhoe trenching previously identified three zones that contain gold-antimony bearing quartz vein systems (see press releases from July 16, 2007, January 29, 2007, January 22, 2007, July 16, 2007 and August 08, 2007). Drilling has begun on Zone 1: Figure 1: http://www.silverado.com/maps/060907fig1.pdf, where a continuous chip sample from Trench H, collected from a 16.4ft (5 m) interval by Silverado geologists, yielded 5.22 troy ounces per ton gold and 8.74% antimony (see press release August 08, 2007). The core drilling program is designed to check for down-dip continuity of the gold-antimony bearing quartz vein systems in the three zones identified so far, which are part of the Solomon Shear system, and will help company geologists to obtain a better understanding of the nature of the mineralized systems.


In June and July 2007, Silverado Gold Mines conducted backhoe trenching on its Nolan Creek property, totaling 328m (1076.12ft), to further investigate the gold-antimony bearing quartz vein systems (see press release July 16, 2007 and August 08, 2007). Part of this first trenching program was the excavation of Trench I, which is located 60m (197ft) northeast of Trench H: Figure 1: http://www.silverado.com/maps/060907fig1.pdf - and extending over 192.5m (631.6ft). This trench exposes the three zones that contain the gold-antimony bearing quartz vein systems. A total of 86 combined select chip and continuous chip rock samples were collected during the trenching program and submitted to ALS Chemex in Fairbanks for analysis. Significant gold values were found in Trench I with results as high as 0.23 troy ounces gold per ton (7.84 g/t Au). The antimony values reached as high as 48.07% (see Table 1). These high antimony values are consistent with the previous work in this vicinity where sampling showed antimony assays as high as 46% (see press release January 29, 2007). 16 samples shown as > 1% are still being quantitatively assayed for total antimony.