silverado news flash
Enviado: 3/11/2003 20:39Silverado Gold Mines Ltd. - Recent Drilling on Nolan Creek Discloses Open Pittable Gold Resource
PR Newswire - November 03, 2003 09:01
OTCBB: SLGLF / Frankfurt: SLGL / Berlin: SLGL
VANCOUVER, BC and FAIRBANKS, AK, Nov 3, 2003 /PRNewswire-FirstCall via COMTEX/ -- An easily accessible block of ground in the Upper Nolan Valley portion of Silverado's Nolan Gold Mine in Arctic Alaska has yielded good drill results with grades ranging from .02 to .74 ounces of gold per cubic yard of gravel. The present resource calculation based on the average grade of .12 ounces of gold per yard is 2,081 ounces of gold contained in 16,881 cubic yards. The drilling results that the resource calculation is based on are summarized on the map overleaf. Also, as notes on the map overleaf disclose, further drilling needs to be completed to fully assess this zone. This and some of the other areas of known gold deposits on our property will be the subject of on- going drilling prior to mining this winter.
In other matters; we continue road building and drill pad preparation for drilling the Solomon's Shear, the targeted lode source of the Nolan gold nuggets. Also, we will soon begin the extraction of the fine gold from the two tons of heavy metallic concentrates we recovered during the season. This labor intensive job has been second priority to certain drilling and road work which needs to be completed before the deep freezing conditions of this upcoming winter sets in.
To view map please go to http://www.silverado.com/drillholemap.pdf
This Press Release may contain, in addition, to historical information, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on management's expectations and beliefs, and involve risks and uncertainties. These statements may involve known and unknown risks and uncertainties and other factors that may cause the actual results to be materially different from the results implied herein. Key factors that could cause actual results to differ materially from those described in forward-looking statements are:
(i) the ability of the Company to complete its planned mining
activities during the current mining season;
(ii) the impact of weather on the Company's mining operations;
(iii) the ability of the Company to process the mined ore during summer
season;
(iv) the concentrations of gold recovered from processed ore.
Readers are cautioned not to place undue reliance on the forward-looking statements made in this Press Release.
SOURCE Silverado Gold Mines Ltd.
Investor Relations: (800) 665-4646 or (604) 689-1535, E-mail:
pr@silverado.com, Website: www.silverado.com
(SLGLF)
PR Newswire - November 03, 2003 09:01
OTCBB: SLGLF / Frankfurt: SLGL / Berlin: SLGL
VANCOUVER, BC and FAIRBANKS, AK, Nov 3, 2003 /PRNewswire-FirstCall via COMTEX/ -- An easily accessible block of ground in the Upper Nolan Valley portion of Silverado's Nolan Gold Mine in Arctic Alaska has yielded good drill results with grades ranging from .02 to .74 ounces of gold per cubic yard of gravel. The present resource calculation based on the average grade of .12 ounces of gold per yard is 2,081 ounces of gold contained in 16,881 cubic yards. The drilling results that the resource calculation is based on are summarized on the map overleaf. Also, as notes on the map overleaf disclose, further drilling needs to be completed to fully assess this zone. This and some of the other areas of known gold deposits on our property will be the subject of on- going drilling prior to mining this winter.
In other matters; we continue road building and drill pad preparation for drilling the Solomon's Shear, the targeted lode source of the Nolan gold nuggets. Also, we will soon begin the extraction of the fine gold from the two tons of heavy metallic concentrates we recovered during the season. This labor intensive job has been second priority to certain drilling and road work which needs to be completed before the deep freezing conditions of this upcoming winter sets in.
To view map please go to http://www.silverado.com/drillholemap.pdf
This Press Release may contain, in addition, to historical information, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on management's expectations and beliefs, and involve risks and uncertainties. These statements may involve known and unknown risks and uncertainties and other factors that may cause the actual results to be materially different from the results implied herein. Key factors that could cause actual results to differ materially from those described in forward-looking statements are:
(i) the ability of the Company to complete its planned mining
activities during the current mining season;
(ii) the impact of weather on the Company's mining operations;
(iii) the ability of the Company to process the mined ore during summer
season;
(iv) the concentrations of gold recovered from processed ore.
Readers are cautioned not to place undue reliance on the forward-looking statements made in this Press Release.
SOURCE Silverado Gold Mines Ltd.
Investor Relations: (800) 665-4646 or (604) 689-1535, E-mail:
pr@silverado.com, Website: www.silverado.com
(SLGLF)