(EMAILWIRE.COM, September 23, 2010 ) San Diego, CA - The preparing geologist from Silverado's 2009 Annual Report shows that significant pre-development work is complete including a mining camp, a high-capacity well which provides fresh drinking water in nearby Wiseman, Alaska, and additional infrastructure. Once Silverado Gold Ltd. attains capital to build a mill -- they can commence production.
It is important to note that when the NI 43-101 report was conducted, "the average gold price in 2008 was $865 per ounce."
AXcess News also states that investments into gold production are expected to surge in the second half of this year as prices rally and demand returns to the marketplace, after recent drops in production expenditures dropped in 2009 by 47% in Canada and 15.5% in Nevada.
Silverado expects to expand upon its probable reserves of 42,400 tons of high-grade ore (.408 ounces per ton) -- or 17,300 ounces of minable gold. Additional indicated reserves were also noted, which could be extended once drilling commences.
This could be the right time for Silverado, as gold prices improve, so too do their chances of attaining financing to complete a 200 ton-per-day production mill. This mill may be expanded during production as additional ore bodies are developed.
Investors are encouraged to read important discovery information provided in the following Company reports for Silverado Gold Mines Ltd.
NI 43-101 report
2009 Annual Report
GOLD MAKING NEW HIGH AS IT CLOSES IN ON $1300
The Dollar-Bearish and Gold-Bullish.
Investors continue to flock to gold as prices hit another record high on Wednesday after the US Federal Reserve indicated that it is preparing another cash injection to bolster the US economy. The spot price of gold peaked at $1296.30 an ounce. Gold is seeing strong buying support from investors worldwide as the dollar continues to slump and insecurity across economies shows no signs of easing. Jeffrey Nichols, managing director of American Precious Metal Advisors, predicted gold prices could reach $1,500 an ounce by Christmas.
This editorial and corporate profile is a paid advertisement and is provided for information purposes only; it should not be used as the basis for any investment decision. Del Mar Corporate Consulting, LLC has received a total of 15,000,000 restricted rule 144 common shares and expects to receive an additional 30,000,000 restricted rule 144 common shares from the Silverado Gold Mines, Ltd. as compensation for preparation and distribution of this editorial, corporate profile, as well as other investor relations services. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Del Mar Corporate Consulting, LLC and its principals currently holds 15,000,000 shares in the company profiled. Del Mar Corporate Consulting, LLC or its principals may buy or sell securities in the company profiled at any time without notice.