"history may be repeating itself."Profiting from Recession: How Much Money Did You Make in the 1980 Gold Rush?
Feb 7, 2008 5:29:00 PM
View Additional ProfilesVANCOUVER, Feb. 7 /PRNewswire-FirstCall/ - (Silverado - OTCBB: SLGLF/Frankfurt : SLGL). Silverado Gold Mines Ltd. is preparing to make public the independently produced, NI 43-101 compliant, Buntzen Report. This professional assessment of Silverado's exploration activities and resources is of keen interest to market watchers and investors. The report will be posted on Silverado's website shortly (www.silverado.com). Highlights will be featured in subsequent Press Releases and Investor Newsletters.
"We are very excited about the Buntzen Report," states Garry L Anselmo, President and CEO of Silverado. "It will provide the investment community with an independent snapshot of what Silverado has achieved in exploring for, and identifying gold and antimony deposits, and what these findings represent, as gains for Silverado for the year 2007. And, it couldn't come at a better time for gold, and mining stocks. Experts are predicting that history may be repeating itself."
Between 1975 and 1980, gold prices skyrocketed from $180, and peaking at $840. Mining stocks rose astronomically. For example, "Lion Mines traded at $0.07 in 1975, and $380.00 in 1980. If you bought 10,000 shares in 1975 for about $700, it would have netted you a profit of $3,799,300 in January of 1980....Rest assured that before this bull market in precious metals is over, there will be similar front page stories around the world..."
- '21st Century Gold Rush Update', Aubie Baltin, CFP, CTA, PhD
Silverado Gold Mines Ltd. was trading in excess of $10 during that heyday period, up from $0.10. This represented an increase of 100 times the Silverado share price.
"Buying gold is no longer advisable...It's a must. Gold, simply put, is under-valued, under-owned, and under-appreciated...when it comes to the lightly-covered junior mining sector...these companies give investors massive leverage to the price of the underlying commodity...most of these companies don't actually mine these metals. Instead, they actively explore for the ore, often selling their discoveries for huge sums."
- 'Gold Forecast for 2008', Gold World, Feb 6/08
"The world's biggest gold producers won't be able to sustain the million of ounces mined every year..."
- 'Gold Supply Shortage', Gold Price News, Feb 6/08.
Junior mining companies will likely infill the shortfall.
Silverado Gold Mines Ltd.
Silverado's twelve square mile, 100% owned Nolan Property has yielded over $15 million in gold. This was produced on test basis activity only. The area, over its pre-Silverado historical 'gold rush mining', produced 120,000 oz of gold, and generated a 136 oz gold nugget, the second largest ever found in Alaska. Silverado discovered the tenth largest gold nugget, at 41 oz. See - https://www.silverado.com/projects/nolan/
Silverado's Nolan property includes infrastructure built, and paid for, including a 24 person accommodation, machine shop and heavy equipment maintenance. With all permits in place, Silverado has recently invested $1 million for specialized underground exploration and mining equipment. Underground exploration, in the Workman's Bench area, is being intermittently carried out to explore lode deposits, which are potentially the source of some of the placer nuggets recovered by Silverado. This involves tunnelling, and cross-cutting mineralized zones, with assay returns from samples used for exploration direction. Silverado had already discovered 93-97% pure gold nuggets in this area.