They have been giving fairly good updates IMO. I think we just want more....and your right....this should be around .50 ps
Just a quick post of the recent news.....very positive IMHO
Vancouver, British Columbia, September 22, 2009 — Silverado Gold Mines Ltd (OTCBB: SLGLF) (Frankfurt: SLGL) (www.silverado.com) (the “Company” or “Silverado”) is pleased to release the second installment assay results from the 2009 drill program from the Company’s Nolan Creek property in Alaska.
The results are from the Pringle Bench section of the Solomon Shear Zone (see news release of September 3rd and 4th, 2009 on website). Gold and antimony grades in the southern portion of Pringle Bench near Smith Creek are comparable to past results and are significant.
Progression of drilling in a northeast direction along the strike of the Pringle Bench mineralized zone intersected an area of trenching where previous surface samples assayed 5.22 ounces per ton gold (opt) across 16.4 feet, (see press release of May 1, 2009). In this location, drill hole 09SH18 intercepted a one foot thick section of quartz-stibnite mineralization (0.8 feet true width), assaying 5.72 opt and 37.73 percent antimony.
Vancouver, British Columbia, September 4, 2009 — Silverado Gold Mines Ltd (OTCBB: SLGLF) (Frankfurt: SLGL) (www.silverado.com) (the “Company” or “Silverado”), further to its technical news release of September 3, 2009 and its NI 43-101 report (available on the Company’s website), is pleased to provide the following observations for its shareholders:
The Company’s drilling this year at the Nolan Creek property has connected the Workman’s and Pringle Bench areas and these now represent a zone of continuous gold and antimony mineralization over a length of 2300 feet from the prior reported 950 feet (2007/2008 data).
As a result of the 2009 drilling, the Company has potentially increased its quantified resource and assay results are expected to confirm this potential increase. (See NI 43-101 report referenced above.)
The block of ground drilled above the Workman’s Bench probable reserve has thickened from 0.9 feet (2007/2008 data) to 2 feet, and currently grades have risen from 0.408 ounces per ton (opt) of gold to 0.48 opt of gold, and from 28 percent antimony to 50.76 percent antimony. Though the grades will change with further assays, it is expected they will hold an overall significant increase over grades established from 2007/2008 data due to the nature and abundance of mineralization observed in the drill core.
The widths and grades on Pringle Bench are also expected to increase.
Vancouver, British Columbia, September 3, 2009 — Silverado Gold Mines Ltd (OTCBB: SLGLF) (Frankfurt: SLGL) (www.silverado.com) (the “Company” or “Silverado”), is pleased to release the first results of the 2009 drill program from the Company’s Nolan Creek property in Alaska. Click here to see the August 26th background information news release.
Pictured in the diagrams below are the Solomon Shear Zone ‘A Vein’ Structure and the two primary areas of exploration in 2009, Workman’s Bench and Pringle Bench. The 6,000 foot A to A’ section on the diagram demonstrates the areas partially diamond core drilled from 2007 to 2009. Some 2009 assay results are listed herein and some are pending. Drilling continues.
WORKMAN’S BENCH
In 2007 and 2008 mineralized vein-fault structures on Workman’s Bench were first drilled and together with underground bulk sampling metallurgical work; the first probable mineral reserves were categorized (see Silverado’s NI 43-101 Technical Report, Amended June 1, 2009 at www.silverado.com). The drilling completed during this period showed that nearly 70% of the probable mineral reserve occurs within the ‘A Vein’ Fault Zone.
From June 2009 to date a total of 2,660 feet of diamond core drilling was completed in nine (9) holes above the mid to southeastern part of the zone of probable reserves. Stibnite-quartz carbonate mineralization was encountered in eight (8) of the nine (9) holes. One hole was abandoned in a fault. The picture below shows a two foot wide zone of massive stibnite(1) (1.6 feet true thickness) from the ‘A Vein’ Zone in drill hole 09SH05, which is the thickest intersection of massive stibnite (antimony sulfide) encountered thus far.
PRINGLE BENCH
At Pringle Bench in 2009, the mineralized vein-fault structures of the inferred mineral resource (see Silverado’s NI 43-101 Technical Report, Amended June 1, 2009 at www.silverado.com) have been explored to date with a total of 1492 feet of core drilling in seven (7) holes. All drill holes intercepted stibnite quartz-carbonate mineralization as deep as 210 feet below surface. The inferred mineral resource shown in the diagram on page one is also disclosed in the NI 43-101 report referenced above.
Summary Table of Pringle Bench Drilling, August 2009
Exploration on the Pringle Bench gold/antimony deposit northeast of Workman's Bench consisted of surface cleaning of mineralized zones and core drilling. The former revealed much about the textural elements of the vein (see picture immediately above). The most significant conclusions from the 2009 Nolan Creek exploration program to date are:
1) The main 'A' mineralized vein-fault at the Workman's Bench gold/antimony deposit has been extended southeast of the probable reserve previously documented there, thus adding to the potential to increase resources on Workman's Bench.
2) Multiple stibnite-quartz carbonate mineralized zones have been documented up to 180 feet below the inferred resources previously known at the Pringle Bench gold/antimony deposit, thus increasing resource potential on Pringle Bench as well. Mineralization is open to depth and length on both zones. Silverado is awaiting analytical results from mineralized drill intervals encountered during the 2009 drill program which have been submitted for assay, and will report them as they are received.
