Silverado Gold Mines Ltd today announced that Murphy Analytics LLC
(MA) has initiated coverage on Silverado Gold Mines Ltd.
(FRANKFURT: SLGL) (www.silverado.com) (the “Company”
or “Silverado”), an exploration-stage enterprise focused on
the exploration of gold properties with some past production.
The 26-page Initiation Report contains a detailed discussion of
Silverado Gold Mine’s recent achievements, short-term and long-term
market dynamics, macroeconomic data and indicators, and risks.
Analyst Patrick J. Murphy, CFA, notes in the report:
“SLGLF continues to find significant gold mineralization within
wall rocks enveloping high grade gold/antimony veins at Nolan Creek.
The map overleaf depicted at
http://www.silverado.com/i/nr/09dec11-01-lg.jpg and prepared by
Silverado geologist Karl Sharp shows the 2.5 mile-long section or
side view of Solomon’s Shear Zone on Silverado’s Nolan Gold/Antimony
property in the Wiseman area of northern Alaska. The yellow areas
shown below the surface of Solomon’s Shear Zone disclose areas from
which historic, pre-1965 placer mines and more recently, Silverado’s
test-mining activities, produced gold nuggets and as such are
evidence that the 2.5-mile portion shown contains gold throughout its
length. Geochemistry, geophysics, prospecting, trenching and drilling
have confirmed this finding.”
Garry Anselmo, CEO of Silverado Gold Mines Ltd., added, “We
believe that the investment community may overlook our recent
achievements. Our current climate shows a marked increase in global
demand and a favorable long-term outlook for both gold and antimony.
As detailed within this report, Silverado’s Nolan project is closer
than ever to achieving it’s goal of delivering gold and antimony to
market.”
For further updates regarding the Nolan Project, please visit the
link below: http://www.silverado.com/d/nolan-update-april-2010.pdf
About Silverado Gold Mines Ltd.
Silverado Gold Mines Ltd., a publicly traded company, is an
exploration-stage enterprise focused on the exploration of gold
properties with some past production. The Company has gold properties
located throughout Alaska, which include a 100 percent (100%)
interest in numerous mining claims located on the Nolan Creek
property. All information noted on the Alaska properties contained in
the Murphy Analytics Research Report has been derived from the NI
43-101 reports dated as follows:
January 1, 2009 (amended June 1, 2009) NI 43-101 Pre-Feasibility
Study for Nolan
(http://www.silverado.com/d/09Jan01_NI43-101_amended.pdf)
About Murphy Analytics LLC:
MA is an independent investment research firm providing coverage of
micro-cap and small-cap stocks. Utilizing institutional caliber,
fundamental, bottom-up analysis, MA helps investors make informed
investment decisions about equities without extensive analyst
coverage, with a focus on small-cap and micro-cap public stocks. MA
is owned by Patrick J. Murphy, who has over 15 years of capital
markets experience, providing institutional investment and
transaction analysis across a range of asset classes including
micro-cap equities, commercial real estate debt and equity, municipal
derivatives and public finance, venture capital, fixed income, CMBS
and mortgage REIT’s.
Disclosure: MA was paid $5,000 by Del Mar Corporate Consulting, LLC,
who provides investor relations services to Silverado Gold Mines
Ltd., in advance of the publication of this report. Neither MA nor
the analyst owns or trades the shares of covered companies.
Statements herein may contain forward-looking statements and are
subject to significant risks and uncertainties affecting results. MA
provides no assurance as to the subject company’s plans or ability to
effect proposed actions and cannot project capabilities, intent,
resources, or experience. This report is neither a solicitation to
buy nor an offer to sell securities and is to be used for
informational purposes only and should not be used as a basis for
investment decisions. MA is not an investment advisor or
broker/dealer and this report does not provide investment advice.
Disclosures regarding forward looking statements: This document
includes “forward-looking statements” as defined by federal
securities laws, with respect to our financial condition, results of
operations and business, and our expectations or beliefs concerning
future events. Words such as, but not limited to,
“believe”, “expect”, “anticipate”,
“estimate”, “intend”, “plan”,
“targets”, “likely”, “will”,
“would”, “could”, and similar expressions or
phrases, identify “forward-looking statements”.
All forward-looking statements involve risks and uncertainties. Many
risks and uncertainties are inherent in the environmental services
industry. Others are more specific to our operations. The occurrence
of the events described, and the achievement of the expected results,
depend on many events, some or all of which are predictable or within
our control. Actual results may differ materially from expected
results.
Contacts: Silverado Gold Mines Ltd. Investor Relations (604) 689-1535 or Toll Free: (800) 665-4646 ir@silverado.com
