ESTER DOME GOLD PROJECT
Mineral resource estimate for the Ester Dome property (effective July 11, 2008): Please see July 31/08 News Release and other 'News'.
| Category |
Cut-Off Grade
(oz/cu yd Au) |
Quantity
(ton) |
Gold Grade
(oz/ton Au) |
Metal
(oz Au) |
| Indicated |
0.08 |
631,600 |
0.21 |
126,700 |
| Inferred |
0.04 |
2,553,400 |
0.08 |
214,100 |
View July 30, 2008 NI 43-101 Report for Ester Dome and Eagle Creek
From 1978 to present, Silverado Gold Mines Ltd. acquired property, as well as explored gold deposits on the Grant Mine Property and other areas of the Ester Dome Project, located 10 miles northwest of Fairbanks, Alaska.
From 1990 to 1993, a joint venture between Silverado and another mining company on the Grant Mine Property completed 45,162 feet of drilling plus related surface surveys.
With the cessation of the joint venture, Silverado continued alone. Surface surveying, trenching and drilling from 1994 to 1997 was conducted on the St. Paul Shear Zone, resulting in the disclosure of a large zone of gold mineralization, which is open to depth and length.
In 1999, Silverado decided to focus on the Nolan Creek Gold and Antimony Project and returned a portion of the Ester Dome Property to its original owners, keeping approximately 2.5 square miles containing the O'Dea, Ethyl, Elmes and St. Paul gold resources, and the Grant Mill gold processing facility.
The Grant Mill facility, constructed in 1984 as a joint venture between Silverado and a major company was in service from 1980 to 1989. During this time, the facility processed 133,852 tons of mineralized material removed from underground and surface mineralized zones yielding 15,305 ounces of gold and 8,231 ounces of silver.
Silverado explored and test mined five areas of gold mineralization; four open cut and one underground. The Company successfully poured and sold $10 million in sweet gold bullion bars. A part of the property has been drilled to very limited depths on gold mineralized zones which are open to depth and length.
Several projects have been proposed over the past ten years. However, for the time being, the Company has determined that it is appropriate to expend its funds, for the foreseeable future, on the Nolan Creek Gold and Antimony Project, as it presents the best opportunity to initiate steady cash returns.
