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 northeast striking gold-antimony-quartz vein systems which also occur in other areas on the Nolan Creek property, including across Smith Creek on
Selected drill hole assays are presented in the tables below. Most samples of vein material contain gold. The reader should note that assay results listed in the table present results of individual veins sampled and cut from the drill core. Although there are many mineralized veins within the Workman's Bench zone, one particular vein, the main vein, continues to be the focus of interest to the company (for more information see press release dated
------------------------------------------------------------------------- Drill Sample Sample Sample Hole Interval Interval Length Au Number (From) (To) (ft) (toz/ton) Sb (%) ------------------------------------------------------------------------- 08SH20 242.6 243.3 0.7 0.03 3.32 ------------------------------------------------------------------------- ------------------------------------------------------------------------- Drill Sample Sample Sample Hole Interval Interval Length Au Number (From) (To) (ft) (toz/ton) Sb (%) ------------------------------------------------------------------------- 08SH21 305 305.5 0.5 0.04 16.96 ------------------------------------------------------------------------- 08SH21 305.5 306.5 1 0.08 63.47 ------------------------------------------------------------------------- 08SH21 312.7 313.5 0.8 0.41 30.20 ------------------------------------------------------------------------- 08SH21 317 317.7 0.7 0.19 27.10 ------------------------------------------------------------------------- 08SH21 317.7 318.7 1 0.02 4.85 ------------------------------------------------------------------------- ------------------------------------------------------------------------- Drill Sample Sample Sample Hole Interval Interval Length Au Number (From) (To) (ft) (toz/ton) Sb (%) ------------------------------------------------------------------------- 08SH22 226 227 1 0.02 7.23 ------------------------------------------------------------------------- 08SH22 227 227.5 0.5 0.12 18.97 ------------------------------------------------------------------------- 08SH22 252.8 253.3 0.5 0.14 0.02 ------------------------------------------------------------------------- ------------------------------------------------------------------------- Drill Sample Sample Sample Hole Interval Interval Length Au Number (From) (To) (ft) (toz/ton) Sb (%) ------------------------------------------------------------------------- 08SH23 194.5 195.5 1 0.52 18.24 ------------------------------------------------------------------------- ------------------------------------------------------------------------- Drill Sample Sample Sample Hole Interval Interval Length Au Number (From) (To) (ft) (toz/ton) Sb (%) ------------------------------------------------------------------------- 08SH24 99 100 1 0.09 19.58 ------------------------------------------------------------------------- 08SH24 118.7 119.4 0.7 0.06 11.05 ------------------------------------------------------------------------- 08SH24 198.6 199.1 0.5 0.02 1.91 ------------------------------------------------------------------------- 08SH24 204.1 204.9 0.8 0.16 1.53 ------------------------------------------------------------------------- 08SH24 204.9 205.5 0.6 0.34 28.72 -------------------------------------------------------------------------
Drilling continued to intersect the gold and antimony mineralization in the Workman's Bench zone from hole to hole as it proceeded in a southwestern direction.
All drill core was logged and photographed by Silverado geologists. Once all technical data was derived from the core, the core was cut lengthwise. The half-core was sampled by pre-determined intervals based on geology, and placed in sealed sample bags and labeled with the assigned sample number. All samples were delivered to ALS Chemex in
Dr.
About the Company
The Company is an exploration stage company focused on the exploration of gold properties, with some past production, and the development of new environmentally friendly low-rank coal water fuel technology. The Company has gold properties located throughout
The Company is developing low-rank coal water fuel that is designed to be produced from low-rank coal and processed into an environmentally friendly oil substitute. Silverado Green Fuel Inc. is a wholly owned subsidiary of its publicly traded parent, Silverado Gold Mines Ltd. For more information about Silverado Green Fuel Inc., please visit http://www.silveradogreenfuel.com/
Forward-Looking Statements
This news 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. Statements in this news release that are forward-looking statements are based on the current expectations, beliefs, assumptions, estimates and forecasts about the Company's business and the industry and markets in which it operates. Such forward-looking statements involve risks and uncertainties regarding the market price of gold, availability of funds, government regulations, common share prices, operating costs, capital costs, outcomes of test mining activities and other factors. Forward-looking statements are made, without limitation, in relation to operating plans, property exploration activities, including test mining activities, availability of funds, environmental reclamation, operating costs and permit acquisition. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may", "will", "should", "expect", "plan", "intend", "anticipate", "believe", "estimate", "predict", "potential", or "continue", and the negative of such terms or other comparable terminology. Actual events or results may differ materially. In evaluating these statements, you should consider various factors, including the risks detailed in the Company's filings with the Canadian Securities Authorities and the US SEC. These factors may cause the Company's actual results to differ materially from any forward-looking statement. Except as required by applicable securities laws, the Company disclaims any obligation to publicly update these statements, or disclose any difference between its actual results and those reflected in these statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements.
SOURCE Silverado Gold Mines Ltd.