Agora q o ouro promete queiram a lua...yhaooo silver! (pedido do Scubawarrior)

[Gpinto]

These drill grades performed in the early 1990's show yet another area within Silverado's Ester Dome properties which hold future promise



             
June 16, 2005 - Vancouver, BC ­ Canada - Fairbanks , Alaska ­ USA
SILVERADO GOLD MINES LTD. OTCBB: SLGLF / Frankfurt : SLGL / Berlin : SLGL
             



       



This longitudinal section of Silverado's Ethyl Elmes gold deposit on Ester Dome 10 minutes from Fairbanks, Alaska shows areas drilled and mined by the Company. This work supports indicated resource tonnage and grades and along with geophysics, geochemistry, and trenching show other areas of gold mineralization. The drilling in this cross section shows gold mineralization over an area 3500' long with widths up to 100'. This "Ethyl Elmes" system is open to further discovery at both ends and at depth below 550' being the limit of drilling where the drill hit 100 feet of 0.08 oz/ton. During 2004 two independent NI 43-101 qualified person technical reports were completed on this property and other Silverado Alaska holdings. The Company is conducting pre-feasibility studies on this project. All work except for the two independent technical reports has been done under the direction of Edward J. Armstrong, CPG, President of Silverado¹s Alaska subsidiary and a qualified person under the guidelines of NI 43-101.


Gold Bars were poured from Ethyl Pit Material

Click on image to enlarge.

Gold Bars were poured from Elmes Pit Material

Click on image to enlarge.



           
About Silverado Gold Mines Ltd.

Silverado has been exploring, developing and test mining gold deposits in Alaska  since 1978. The Company uses its varied technical skills to acquire, assess and develop gold deposits with the intention of conducting test mining operations on worthy targets. From time to time partnerships or options are negotiated with other companies to assist in exploration of large areas of prospective property.



Silverado's wholly owned Alaska subsidiary, Silverado Green Fuel Inc. is  working on the development of a coal-based fuel which acts as an industrial alternative to oil and can replace a barrel of oil at a cost of production of approximately US $14 per barrel. This fuel will be used for the generation of electricity and industrial heat. This is an environmentally friendly fuel and if spilled it quickly breaks down into its components of water and coal particles.

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An Exploration Stage Company
OTCBB - SLGLF
FRANKFURT - SLGL
BERLIN - SLGL



NAME
SILVERADO GOLD MINES LTD.
INDUSTRY
GOLD EXPLORATION - NEW ENVIRONMENTALLY FRIENDLY FUEL TECHNOLOGY
STAGE
OPERATING FOR OVER 41 YEARS
OPERATING LOCATIONS
FAIRBANKS, ALASKA AND BROOKS RANGE, ALASKA
SUB-OFFICE
FAIRBANKS, ALASKA, USA
HEAD OFFICE
VANCOUVER, BRITISH COLUMBIA


                 
Silverado Gold Mines Ltd.
505-1111 West Georgia Street
Vancouver, British Columbia
Canada - V6E 4M3

TOLL FREE: 1.800.665.4646

TEL: 604.689.1535
FAX: 604.682.3519

EMAIL:  [email protected]
WEB: www.silverado.com  <http://www.silverado.com>




Cautionary Note to U.S. Investors concerning estimates of  Inferred Resources.

The map above uses the term 'inferred resources'. Silverado advises U.S. investors that while this term is recognized and required by Canadian regulations (under National Instrument 43-101 Standards of Disclosure for Mineral Projects), the U.S. Securities and Exchange Commission does not recognize this term. U.S. investors are cautioned not to assume that any part or all of the mineral deposits in this category will ever be converted into reserves.





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. Readers are cautioned not to place undue reliance on the forward-looking statements made in this Press Release.