Silverado Gold Mines Ltd. is an exploration-stage company focusing on the discovery and exploration of gold properties that have had some past production. Trading on the OTCBB, they are also focusing on the development of new, environmentally friendly, low-rank coal-water fuel technologies. The company has their corporate headquarters in Vancouver, British Columbia, and gold properties in Alaska.
Silverado has a 100-percent interest in mining claims on the Nolan Creek property in Alaska. Mining claims here consist of 219 unpatented Federal placer mining claims and 451 unpatented Federal lode-mining claims. These are 280 miles north of Fairbanks, Alaska, in the historic Koyukuk Mining District.
The company also has their Ester Dome Gold Project. In 1999, Silverado decided to focus on the Nolan Creek Gold and Antimony Project. They returned a portion of the Ester Dome Property to its original owners and kept approximately 2.5 square miles containing the O’Dea, Ethyl, Elmes, and St. Paul gold resources, and the Grant Mill gold processing facility.
In addition, the company has their Eagle Creek Property. This property is 15 miles north of Fairbanks, Alaska, and 12 miles northeast of the Ester Dome Project. It is close to the Kinross True North Gold Deposit, where Silverado has an overriding production royalty on adjoining claims .
The company has found high-grade gold bearing quartz veins on the Eagle Creek property. In 2006, they also identified what appeared to be a gold mineralized pluton. This is a granitic or fire-formed rock located on the claims above the placer gold Treasure Creek portion of the property, and Silverado believes this may lead to the development of a significant gold deposit. They will conduct annual assessment work on the property to keep the mining claims in good standing, while they concentrate on their Nolan Creek assets.
Silverado is also working on fuel technology. The low-rank, coal-water fuel production will come from low-rank coal and they will process it into an environmentally friendly oil substitute through their wholly-owned subsidiary, Silverado Green Fuel Inc. They will do this via a process designed to avoid releasing carbon dioxide or particulate emissions into the atmosphere, and without the release of toxic by-products.
The intention for low-rank, coal-water fuel is for powering oil-fired power plants. It will also find use as feedstock for further processing to produce transportation fuels, agricultural compounds, industrial products such as oils and lubricants, and plastics and packaging. It will also be feedstock for further processing to produce pure hydrogen to power fuel cell automobiles, and generate electricity.
Silverado Gold Mines continues to see opportunities in gold mining and in new fuel technologies. They are working in both areas to provide for consistent company growth. They hope to fuel golden profits for those shareholders exploring with them.
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