Home | Business News | Browse by Publication | P | PR Newswire

Silverado Announces Continued High Grade Gold and Antimony Mineralization in Drill Cores at Nolan Creek.

Article Excerpt
VANCOUVER, Aug. 14 /PRNewswire-FirstCall/ -- Silverado Gold Mines Ltd. (the "Company" or "Silverado") SLGLF OTCBB, SLGL Frankfurt, http://www.silverado.com/, announced today that it has completed 20 drill holes totaling 6,496 ft as part of its 2008 exploration drilling at Workman's Bench, the Company's prime exploration target on its Nolan Creek property. This year's drilling has extended the known lateral extent of the stibnite (antimony)-gold vein systems on Workman's Bench from 600 ft to 1,000 ft. The Company has now received all assays of mineralized veins for drill holes 08SH01B, 08SH02, 08SH03, 08SH07, 08SH08, 08SH09 and 08SH10. Assay results reveal grades as high as 2.68 troy ounces of gold per ton in drill hole 08SH08, and 53.44% antimony in drill hole 08SH01B.

Workman's Bench is the Company's prime exploration target for a lode gold and antimony deposit in the southwestern part of the Solomon Shear Zone. The Solomon Shear Zone contains NE striking gold-antimony-quartz vein systems which also occur in other areas on the Nolan Creek property, including across Smith Creek on Pringle Bench and north of Smith Creek Dome. A NI 43-101 Technical Report regarding the Nolan Creek property, entitled "Estimation of Lode and Placer Mineral Resources, Nolan Creek Wiseman B-1 Quadrangle, Koyukuk Mining District, Northern Alaska" dated July 29, 2008, has been prepared by Thomas K. Bundtzen of Pacific Rim Geological Consulting Inc. and is available on SEDAR at http://www.sedar.com/.

This year's drilling on Workman's Bench has focused on defining the lateral and vertical...

View this article FREE - Now for a Limited Time, try Goliath Business News
Free for 3 Days!