The gold price
Silverado makes significant gold discovery - 10 August 2007
Silverado has unearthed a five-meter continuous chip sample of grade 5.22 ounces per tonne of gold at the Solomon Shear zone of its Nolan gold mine in Alaska.
Because of the "exceptionally high content of gold assayed", a second sample was re-assayed and confirmed the value.
The discovery of the high gold assay in Trench H was supplemented by significant gold values found in Trenches G and J, with the antimony values reaching as high as 30 per cent.
"Solomon Shear is a highly mineralized gold-bearing system that extends over five miles on Silverado's Nolan property," a spokesman for the company said.
"It has been the focus of Silverado's extensive exploration program, which includes geophysical and geochemical surveys in addition to the trenching program.
"All of Silverado's 'downstream' placer gold recoveries indicate likely sources higher in the Solomon Shear system. The company is just in the beginning stage of exploring these possible source areas."
Silverado is focused on gold and a new environmentally friendly fuel technology.
Because of the "exceptionally high content of gold assayed", a second sample was re-assayed and confirmed the value.
The discovery of the high gold assay in Trench H was supplemented by significant gold values found in Trenches G and J, with the antimony values reaching as high as 30 per cent.
"Solomon Shear is a highly mineralized gold-bearing system that extends over five miles on Silverado's Nolan property," a spokesman for the company said.
"It has been the focus of Silverado's extensive exploration program, which includes geophysical and geochemical surveys in addition to the trenching program.
"All of Silverado's 'downstream' placer gold recoveries indicate likely sources higher in the Solomon Shear system. The company is just in the beginning stage of exploring these possible source areas."
Silverado is focused on gold and a new environmentally friendly fuel technology.
Goldbug, 10 Aug '07
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