InvestorsHub Logo
Followers 4
Posts 934
Boards Moderated 0
Alias Born 05/01/2007

Re: mwright45 post# 394

Saturday, 02/23/2008 11:25:49 AM

Saturday, February 23, 2008 11:25:49 AM

Post# of 5576
it sounds good to me but need a lot more buyers or fewer shares out.

http://www.bloomberg.com/apps/news?pid=conewsstory&refer=conews&tkr=SLGLF:US&sid=aAdpgY6EgKZ4

"The writer regards Silverado as the most competent underground
placer drifting company active in Alaska today."
- "During 2007, Silverado Gold Mines, Ltd. had another successful year
mining placer gold on their Nolan Creek properties."
- "The company produced 3,710.74 ounces of placer gold, the majority of
which is the typical coarse nugget gold derived from Nolan Creek
valley."
- "With premium gold bullion and nugget jewelry prices available, the
writer estimates that $4.0 million in gold was produced."
- "The actual production was more than twice the amount forecasted by
the writer last year (Bundtzen, 2006)."
- "During 2006-2007, Silverado Gold Mines Ltd. completed a highly
successful underground placer gold mining project on Swede Channel
and Mary's East deposit."
- "The radiocarbon age dates from placer deposit imply that there has
not been much time between erosion of the hardrock gold source to
creation of the placer"...."Hence the lode source creating the
placers may be more-or-less intact. Secondly, the Mary's East deposit
is a colluvial deposit with very coarse gold, which implies that the
lode source is very proximal to this area."
- "The Workman's Bench project constitutes an important component of
Silverado's plans to mine and ship stibnite concentrates. The company
has had experience in the antimony market from their property on
Eagle Creek, in the Fairbanks (Mining District). Their Scrafford
property (near Fairbanks) was once one of the largest domestic
sources of antimony. Silverado is planning on taking advantage of the
relatively high prices of antimony to pursue this activity."

Lightning cracks the blackened sky,
Hear the thunder chariot ride
All brave men with hearts of war
Ride the path of mighty Thor

Join InvestorsHub

Join the InvestorsHub Community

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.