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Home: Mining News & Resources
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(EMAILWIRE.COM, June 02, 2010 ) Carlsbad, CA - With gold hovering around $1200 USD per ounce, and an array of economic uncertainty echoing throughout the world -- many experts believe that we have yet to see the best that gold has to offer.
According to Analyst Doug Casey of Casey Research, if you don't own gold -- his advice is to start accumulating it, preferably on the inevitable dips. If you do own gold he says, hold it and consider accumulating it up to somewhere between 20% and 30% of your portfolio. Savvy investors that understand this climate are also likely to target gold stocks, and may own positions ranging from exploration plays on smaller exchanges to the gleam of major producers.
Every investor knows that gold has long remained a "safe haven" or mechanism for wealth protection, especially during financial turbulence. Unlike most financial instruments which rely on an issuer's ability to pay an investor in some fashion, it offers ideal insurance against extreme market movements. Because gold mines usually have a long lead time for production, we have not seen a significant increase in production levels since gold began its sharp rally in 2001.
One company that is overlooked by the majority of speculative gold investors is Silverado Gold Mines Ltd (OTCBB: SLGLF) (FRANKFURT: SLGL). Silverado currently boasts around 18,000 shareholders, and has been a public company since 1969. According to their published presentation at www.Silverado.com, Silverado Gold Mines has produced approximately 33,000 ounces of gold during the exploration stage alone, on two of its Alaskan properties.
While Silverado shows several exploration projects, their Nolan Project is currently in its last stage towards production. According to government records, early miners actually produced over 200,000 ounces of gold from various locations on the property prior to Silverado's acquisition of the project in 1987. The Nolan Project features a thirty person year-round camp facility with support infrastructure, and the NI 43-101 pre-feasibility study (compiled in '07, '08, and '09) shows significant mineralization zones for both gold and high-grade antimony with ease of high metal recoveries using only gravity and water.
The resources shown in the NI 43-101 indicate a 54,451 ton block of ore valued at approximately $94,165,000, with an estimated recovery cost of $21,780,400. The report also discloses an additional inferred resource of 34,206 tons of 14.92% antimony and .357 ounces per ton gold. These tonnages are particularly significant in that they represent only a 3500 ft long by 450 ft deep drilled zone. Silverado’s test mining, as well as drilling geophysical, geological, and geochemical surveying has shown that this zone lies within a total mineralized area which is 3.5 miles long; and from which all drainages yielded big gold nuggets [up to 41ounces a piece]. Also in the last year, antimony prices have almost doubled from $3 per pound and due to the long term projected production short-falls in China and S. Africa, are expected to continue rising.
There is an endless list of companies that are engaging in exploration or production projects for gold. Silverado Gold Mines has few peers; a relatively low valuation, proven reserves, past production, and an infrastructure in place for aggressive growth upon the attainment of financing. It has been a long process, but upon the completion of financing, they could be in production faster than most realize.
Information in this release was prepared by EmergingSmallCaps.com to the best of their ability, with information from www.Silverado.com, the NI 43-101 reports on www.Silverado.com, and from Patrick Murphy's 26-page research report on Silverado Gold Mines Ltd. All information is believed to be accurate as of the time of this release, and is provided for information purposes only.
Investors in Ironwood Gold (OTCBB: IROG), Northgate Minerals Corp. (AMEX: NXG), and New Gold Inc. (AMEX: NGD) are encouraged to research Silverado's Nolan Project.
For a 26-page research report on Silverado Gold Mines, visit the link below:
http://www.murphyanalytics.com/uploads/SLGLF_Initiation
For more small cap ideas, please visit www.EmergingSmallCaps.com
EmerginSmallCaps.com Disclaimer
Statements herein may contain forward-looking statements. They are subject to significant risks and uncertainties, which have a direct affect on any companies ability to raise capital or execute as planned. EmergingSmallCaps.com is owned by Del Mar Corporate Consulting, LLC (DMCC). DMCC or EmergingSmallCaps provides no guarantee or assurance that the company will or can achieve any stated milestone. DMCC has been compensated a total of 5,000,000 Restricted Rule 144 shares for this report, and other advertising services by Silverado Gold Mines, Ltd. Being compensated for our reports constitutes a conflict of interest as to DMCC's ability to remain objective in our reports regarding our clients, or subject companies. Companies listed within our reports have not always approved statements made therein. This document, EmergingSmallCaps.com, and all communication from Del Mar Corporate Consulting, LLC is for informational purposes only, and should never be construed as investment advice. We are not an investment advisor or broker-dealer, nor do we employ any analysts.
EmergingSmallCaps
Justin Beck
760-448-4080
jbeck@delmarcorporate.com 
Source: EmailWire.Com
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Philex Mining Corp., controlled by Manuel Pangilinan, is studying an investment into the $5-billion Tampakan project in the Philippines two months after a Chinese proposal was pulled. Philex is ?constantly looking at all investment opportunities and projects that it may be able to enter into,? Philex President Jose Ernesto Villaluna said in a regulatory filing. ?Tampakan is one such possibility ...
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