VANCOUVER, April 16 /PRNewswire-FirstCall/ - Silverado Gold Mines Ltd.,
and its wholly owned subsidiary, Silverado Green Fuel Inc., (Trading
Symbols OTC BB : SLGLF, Frankfurt : SLGL) are most pleased to present the
highlights of "The Melman Report", an independent, objective and expert,
third party review of the company.
A full version of this article can be viewed at
This preliminary article will be followed up with a more in-depth
review by The Melman Report, in the near future.
Silverado Gold Mines Ltd.
"Silverado is a particularly intriguing company in the North American
junior mining industry. What makes it unusual is that it has managed to
endure throughout the past several decades despite the prolonged downturn
in metals prices which lasted from late 1980 through 2002 - a period of
more than twenty years."
The Melman Report concluded that, "given typical market valuation of 10
to 20 times earnings for mining shares", should Silverado succeed in its
gold exploration, and subsequent production ("...which appears to be
possible given their current placer operations, exploration work and
reserves indicated in the Bundtzen Report..."), then "the shares would have
the potential to move to the region of 40 cents to 80 cents ($0.40 - $0.80)
- or a multiple of eight to sixteen times the current price."
Silverado Green Fuel Inc.
"In addition to its mining activities, Silverado is also involved in
developing its subsidiary company, Silverado Green Fuel Inc.
www.silveradogreenfuel.com The fuel is referred to as "Low-Rank Coal-Water
Fuel" (or "Green Fuel") and is designed to be used in oil-designated
boilers and advanced combustion and gasification systems. The economics of
Green Fuel are intriguing because engineers estimate that it can be
produced for a total cost of about US$20.00 per barrel, compared to the
world market price for Crude Oil which is quoted at just above US$110 per
barrel as of early April, 2008. Although it is difficult to place a
valuation on the Green Fuel portion of Silverado's future, the economics of
that venture could add substantially to their potential valuation."
Leonard Melman, and 'The Melman Report'
Leonard Melman is a leading metal exploration, mining and investment
authority, and has been writing regarding precious and base metals for more
than two decades as monthly columnist for California-based "ICMJ's
Prospecting and Mining Journal" and Vancouver's "Resource World Magazine".
Mr. Melman is a speaker at the prestigious Cambridge House Conferences, and
has also contributed commentary and corporate studies to other publications
including "Resource Stock Investor" and "World Mining Stocks" of London,
England. He has visited and reported on mining operations on four
continents and his articles appear on numerous mining websites. He is
presently working on his first book "The Eight Pillars of Gold". Mr. Melman
has gained valuable knowledge and experience in previous careers as manager
of multi-million dollar consumer lending operations and as a securities and
This material is taken from sources believed to be reliable and is
provided for information purposes only. Any investment decision should be
made only after prior consultation with investment professionals. Mr.
Melman is a financial and political writer who focuses on issues relating
to the resource sector.
Contact Information - Silverado Gold Mines Ltd.
Silverado is an international company focused on gold exploration, and
a new environmentally friendly Fuel Technology. Silverado has gold
properties located throughout Alaska which include the 100% owned Nolan
Placer Gold Mine. Trading Symbols, OTC BB - SLGLF, FRANKFURT - SLGL
Silverado Gold Mines Ltd. www.silverado.com
To learn more about Silverado Green Fuel Inc. and watch the Green Fuel
Video, visit: www.silveradogreenfuel.com
More Information? http://www.silverado.com/investors/request/
This Press Release may contain, in addition to historical information,
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended. These statements are based on
management's expectations and beliefs, and involve risks and uncertainties.
These statements may involve known and unknown risks and uncertainties and
other factors that may cause the actual results to be materially different
from the results implied herein. Readers are cautioned not to place undue
reliance on the forward-looking statements made in this Press Release.
CONTACT: Suite 1820 - 1111 West Georgia Street, Vancouver, British
Columbia, Canada, V6E 4M3, Telephone: (604) 689-1535, Facsimile: (604)
682-3519; Investor Relations: E-mail: email@example.com; Public Relations:
E-mail: firstname.lastname@example.org; Toll Free: 1-800-665-4646 (Canada and USA only)
SOURCE Silverado Green Fuel Inc.