Server: Microsoft-IIS/3.0 Date: Thu, 20 Nov 1997 22:01:48 GMT Content-Type: text/html Accept-Ranges: bytes Last-Modified: Wed, 19 Nov 1997 20:19:31 GMT Content-Length: 7047 Silverado Press Release 97/08/19

PRESS RELEASE

Silverado Drilling
Continues to Disclose
High Grade Gold

 

Fairbanks, Alaska - August 19, 1997..........Silverado Gold Mines Ltd.
(NASDAQ - GOLDF)..........
Ryan Lode Gold Project located 10 miles northwest of Fairbanks.

Partial drill results have just been received on drill holes RL97-06 / 07 / 08. These results are as follows:

Gold opt * = ounces of gold contained in each ton of mineralized rock

Drill Hole

From - ft

To - ft

Width - ft

Gold opt*

Comments
RL97-06

170

325

155

0.07

includes 20 ft @ 0.38 opt
RL97-07

75

80

5

0.11

 
 

175

215

40

0.31

includes 15 ft @ 0.79 opt
RL97-08

30

65

35

0.54

includes 15 ft @ 1.15 opt

As the drill continues to intercept high gold grades over significant widths, the potential grows for the development of a multi million ounce deposit.

On behalf of the Board
SILVERADO GOLD MINES LTD.

G.L. Anselmo

G. L. Anselmo
President & CEO

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