Silverado Gold Mines Ltd. (fka SLGLF)

[MUSHROOMKING]

From the Web site: http://www.silverado.com
Silverado Announces 2nd Installment of Nolan Creek Assay Results
Latest News, News Release on September 22nd, 2009 Comments Off
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.


For a larger view of this table, click here.

Further analytical results from drill intervals and surface channel sampling of the Pringle Bench and Workman’s Bench antimony-gold deposits will be released upon receipt from the selected, certified, commercial laboratory.


QUALIFIED PERSON

The technical information that is released in this news release has been reviewed by Thomas K. Bundtzen, P. Geo BS MS CPG-10912, ABSLN #279639, President of Pacific Rim Geological Consulting, Inc., of Fairbanks, Alaska, 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 (AIPG). Bundtzen is the Qualified Person as defined in NI 43-101 and also qualifies under the rules stated by the U.S. Securities and Exchange Commission (SEC), and has verified the data contained in this news release for accuracy. The disclosure requirements of 3.2 and 3.3 of NI 43-101 are addressed in a previously filed report entitled “January 1, 2009 NI 43-101 Pre-Feasibility Study for Nolan Creek (Amended June 1, 2009)”. Sampling and Quality Assurance/Quality Control (QAQC) procedures deployed during the core drilling and surface sampling programs follow those outlined in Silverado’s NI 43-101 Prefeasibility Study of the Workman’s Bench Antimony Gold deposit, Amended June 1, 2009, which is available at www.sedar.com and on the company website at www.silverado.com.