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To: Sonny who wrote (109)	10/6/1997 10:51:00 AM
From: Thu Ra Tin	of 2038

Monday October 6 6:30 AM EDT Company Press Release Silverado Gold Mines Announces Confirmation of High-Grade Gold Throughout Ryan Lode Deposit Nineteen More Drill Holes Currently Being Completed FAIRBANKS, Alaska, Oct. 3 /PRNewswire/ -- Silverado Gold Mines Ltd (Nasdaq:GOLDF) today announced confirmation of high-grade gold throughout the Ryan Lode Gold Deposit. The Ryan Lode Gold Project is located 10 miles northwest of Fairbanks where independent mining consultants have measured the deposit to contain a proven reserve of 740,000 ounces of gold. This ore body is open to extension in length and depth. Recently, Silverado drill holes 18 and 19 were drilled 350 feet apart in the South Zone of the Ryan Lode Deposit. The results summarized below, confirms the presence of high grade gold in the South Zone portion of the Ryan Lode Deposit. Gold OPT* = ounces of gold contained in each ton of mineralized rock Drill Hole From - ft To - ft Width - ft Gold OPT* Comments RL97RO18 110 140 30 0.13 includes 5ft @ 0.27 RL97RO19 220 230 10 0.38 includes 5ft @ 0.43 340 345 5 0.22 hole stopped in ore The table on the following page shows the detailed assay information from Silverado's holes 18 and 19 along with results from nearby pre-1997 drill holes. Note: Silverado drill holes are coded as follows: RL97RO18: RL = Ryan Lode / 97 = 1997 / R = rotary drill / 0 1 8 = hole #18 Silverado is studying some of the higher grade gold areas encountered in its first phase of drilling on the Ryan Lode Deposit. 19 more drill holes (#20 - #38) are being completed in select parts of the Hilltop and North Zone areas of the Ryan Lode Deposit to study the continuity of the gold ore and grade distribution in these parts of the deposit. Results to date are very good and the company will release the drill intercepts on the Hilltop Zone, on completion of the check-assaying of the higher grade gold drill intercepts. Silverado is an important claim holder in the continuing Alaskan Gold Rush which is focused on the rich mineral province surrounding Fairbanks. Over the past twenty-plus years, Silverado has made it a key corporate objective to acquire high quality properties through location, purchase or agreements with underlying land owners. Silverado's Detailed Assay Information Gold OPT* = ounces of gold contained in each ton of mineralized rock Drill Hole From-ft To-ft Width-ft Gold OPT* Comments RL97RO18 110 115 5 0.27 -- 115 120 5 0.10 -- 120 125 5 0.13 -- 125 130 5 0.10 -- 130 135 5 0.09 -- 135 140 5 0.10 -- RL97R019 220 225 5 0.43 -- 225 230 5 0.33 -- 340 345 5 0.22 drill hole stopped in ore 79-CC 134.3 139.3 5 0.04 -- 139.3 144.3 5 0.04 -- 144.3 149.3 5 0.05 -- 149.3 154.3 5 0.07 -- 154.3 159.3 5 0.13 -- 176.8 181.8 5 0.09 -- 181.8 187.5 5.7 0.12 -- 187.5 191.8 4.3 0.18 -- 191.8 198.4 6.6 0.06 -- 91-829 150 155 5 0.07 -- 155 160 5 0.07 -- 160 165 5 0.03 -- 165 170 5 0.11 -- 170 175 5 0.05 -- 175 180 5 0.06 -- 180 185 5 0.03 -- 185 190 5 0.02 -- 190 195 5 0.31 -- 195 200 5 0.07 -- Silverado's Detailed Assay Information Gold OPT* = ounces of gold contained in each ton of mineralized rock Drill Hole From - ft To - ft Width - ft Gold OPT* 91 - S29 200 205 5 0.31 205 210 5 0.21 210 215 5 0.08 215 220 5 0.04 220 225 5 0.04 92 - S40 225 230 5 0.19 230 235 5 0.66 235 240 5 0.92 240 245 5 0.45 245 250 5 0.13 250 255 5 0.06 255 260 5 0.20 260 265 5 0.34 265 270 5 0.30 270 275 5 1.81 275 280 5 0.60 280 285 5 0.30 285 290 5 0.09 290 295 5 0.04 320 325 5 0.04 325 330 5 1.21 330 335 5 0.08 92 - S55 110 115 5 0.02 115 120 5 0.04 120 125 5 0.25 125 130 5 0.55 130 135 5 0.02 135 140 5 0.08 SOURCE Silverado Gold Mines LTD

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