FORM 10Q


                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549





[X]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
     ACT OF 1934 FOR THE QUARTER ENDED February 28, 1998

                                       OR


[ ]  TRANSITION  REPORT  PURSUANT  TO  SECTION  13 OR  15(d)  OF THE  SECURITIES
     EXCHANGE ACT OF 1934.


     Commission file number 0-12132


                            SILVERADO GOLD MINES LTD.
                            -------------------------
             (Exact name of registrant as specified in its charter)


British Columbia, Canada                                    98 -0045034
--------------------------------------------------------------------------------
(State or other jurisdiction                        (I.R.S. Employer I.D. No.)
of incorporation or organization)

Suite 505, 1111 West Georgia Street
Vancouver, British Columbia, Canada V6E 4M3               (604) 689-1535
--------------------------------------------------------------------------------
(Address of Principal Executive Offices)          Registrant's telephone number)


Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 13(d) of the  Securities  and  Exchange Act of 1934
during the preceding 12 months (or for a shorter  period that the registrant was
required  to file  such  reports),  and  (2) has  been  subject  to such  filing
requirements for the past 90 days. Yes [X] No [ ]

Indicate the number of shares  outstanding  of each of the  issuer's  classes of
common stock, as of the latest practicable date.

Class                                              Outstanding at March 31, 1998
--------------------------------------------------------------------------------
(Common stock (npv))                               83,562,218

<PAGE>
<TABLE>
SILVERADO GOLD MINES LTD.
CONSOLIDATED BALANCE SHEETS
EXPRESSED IN U.S. DOLLARS           
<CAPTION>
                                                                                     As at
                                                                           February 28,   November 30,
                                                                                   1998           1997
                                                                           ---------------------------
<S>                                                                        <C>            <C>
Assets
Current Assets
  Cash and cash equivalents                                                $     34,300   $     20,914
  Gold inventory (Note 2)                                                        32,642         48,875
  Accounts receivable                                                            11,854          8,297
  Prepaid expenses paid to related parties                                      381,219        366,303
                                                                           ---------------------------
                                                                                460,015        444,389
Mineral Properties and Development
  Claims and options                                                          2,365,647      2,436,972
  Deferred exploration and development expenditures                          13,999,953     13,576,470
                                                                           ---------------------------                   
                                                                             16,365,600     16,013,442
  Less accumulated amortization                                              (1,384,338)    (1,384,338)
                                                                           ---------------------------                          
                                                                             14,981,262     14,629,104

Buildings, Plant and Equipment                                                3,981,196      4,481,399
  Less accumulated depreciation                                              (1,317,983)    (1,385,423)
                                                                           ---------------------------
                                                                              2,663,213      3,095,976

Deferred Financing Fees (net of amortization of $133,538: 1997-$124,238)         52,462         61,762
                                                                           ---------------------------

                                                                           $ 18,156,952   $ 18,231,231
                                                                           ===========================

Liabilities and Shareholders' Equity
Current Liabilities
  Accounts payable and accrued liabilities (Note 5)                        $    683,099   $    597,478
  Loans payable                                                                  60,000           --
  Capital lease obligations - current                                            63,541         81,749
                                                                           ---------------------------
                                                                                806,640        679,227
Long Term Liabilities
  Capital lease obligations                                                       9,741          9,741
  Convertible debenture (Note 7)                                              2,000,000      2,000,000
                                                                           ---------------------------
                                                                              2,009,741      2,009,741
Shareholders' Equity
    Share capital (Note 6)
  Issued and outstanding:  February 28, 1998 - 81,062,218 shares             43,342,920     43,084,420
                             November 30, 1997 - 80,012,218 shares
  Unamortized stock compensation expense                                        (87,618)      (151,612)
  Advances to related parties secured by common shares in the company          (480,236)      (480,236)
  Deficit                                                                   (27,434,495)   (26,910,309)
                                                                           ---------------------------
                                                                             15,340,571     15,542,263
                                                                           ---------------------------

                                                                           $ 18,156,952   $ 18,231,231
                                                                           ===========================
<FN>
See accompanying notes to consolidated financial statements.
</FN>
</TABLE>

<PAGE>
<TABLE>
SILVERADO GOLD MINES LTD.
CONSOLIDATED STATEMENTS OF OPERATIONS
AND ACCUMULATED DEFICIT                                                                          
EXPRESSED IN U.S. DOLLARS
<CAPTION>
                                                         Three Months Ended
                                                   February 28,      February 28,
                                                           1998              1997
                                                 -------------------------------- 
<S>                                              <C>               <C>
Revenue from gold sales                          $       13,723    $       57,902
  Less mining and processing costs                       16,232            22,914
                                                 -------------------------------- 
Gain (loss) from Operations                              (2,509)           34,988

Employment contract expense                              63,994         1,070,690

Administrative Expenditures                             457,682           572,980

Loss for the period                                    (524,185)       (1,608,682)

Accumulated deficit at beginning of the period      (26,910,309)      (22,495,537)
                                                 ================================ 

Accumulated deficit at end of the period         $  (27,434,494)   $  (24,104,219)
                                                 ================================ 

Loss per share                                   $        (0.01)   $        (0.02)
                                                 ================================ 

<FN>
See accompanying notes to consolidated financial statements.
</FN>
</TABLE>

<PAGE>
<TABLE>
SILVERADO GOLD MINES LTD.
CONSOLIDATED STATEMENTS OF CASH FLOWS
EXPRESSED IN U.S. DOLLARS                                                               
<CAPTION>
                                                                             Three Months Ended

                                                                       February 28,    February 28,
                                                                               1998            1997
                                                                      -----------------------------

CASH PROVIDED BY (USED FOR):
<S>                                                                   <C>             <C>
Operations:
  Loss for the year                                                   $    (524,185)  $  (1,608,682)
  Items not involving cash:
    Employment contract expense                                              63,994       1,070,690
    Depreciation                                                            121,567         116,042
    Amortization of deferred financing fees                                   9,300           9,300
    Loss on disposal of buildings, plant and equipment                       22,115            --
  Changes in non-cash operating working capital:
    Increase in accounts receivable                                          (3,557)         (6,433)
    Decrease in gold inventory                                               16,233          22,209
    Increase in prepaid expenses paid to related parties                    (14,916)       (131,012)
    Increase (decrease) in accounts payable and accrued liabilities          85,621         (76,554)
                                                                      -----------------------------
                                                                           (223,828)       (604,440)

Financing:
  Shares issued for cash                                                    258,500         335,250
  Decrease in payable to related parties                                       --          (451,869)
  Increase in loans payable                                                  60,000            --
  Decrease in loans payable secured by gold inventory                          --           (66,511)
  Decrease in mineral claims payable                                           --           (60,000)
  Decrease in capital lease obligation                                      (18,208)         (8,525)
                                                                      -----------------------------
                                                                            300,292        (251,655)

Investments:
  Mineral claims and options                                                 71,325         (25,635)
  Deferred exploration and development expenditures                        (423,483)       (513,673)
  Proceeds from sale of equipment                                           290,300            --
  Purchases of equipment                                                     (1,220)        (51,238)
                                                                      -----------------------------
                                                                            (63,078)       (590,546)


Increase (decrease) in cash and cash equivalents                             13,386      (1,446,641)
Cash and cash equivalents at beginning of the period                         20,914       1,925,469
                                                                      -----------------------------

Cash and cash equivalents at end of the period                        $      34,300   $     478,828
                                                                      =============================

Supplemental cash flow information
  Interest paid                                                       $      20,000   $      80,000
                                                                      =============================

  Issue of shares for purchase of mineral property, a non-cash
    financing nd investing activity                                   $     250,000   $        --
                                                                      =============================
<FN>
See accompanying notes to consolidated financial statements.
</FN>
</TABLE>
<PAGE>
SILVERADO GOLD MINES LTD.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(EXPRESSED IN U.S. DOLLARS) (UNAUDITED) FEBRUARY 28, 1998


1.   Basis of Presentation

     The  financial  information  at  February  28, 1998 and for the three month
     period ended  February 28, 1998 and  February 28, 1997  included  herein is
     unaudited;  however, such information reflects all adjustments  (consisting
     solely of normal  recurring  adjustments)  which  are,  in the  opinion  of
     management,  necessary  for a fair  statement  of results  for the  interim
     periods.   These  consolidated   financial   statements  are  presented  in
     accordance  with  generally  accepted  accounting  principles in the United
     States. The results of operations for the three month period ended February
     28, 1998 are not  necessarily  indicative of the results to be expected for
     the full year.

2.   Gold Inventory

     Gold inventory is valued at the lower of weighted average cost or estimated
     net realizable  value.  At February 28, 1998 and February 28, 1997, gold is
     valued at net realizable value.

3.   Mineral Properties

     (a)  On  January  30,  1998,  the  Company  completed  an  Exploration  and
     Development  Option  Agreement with Placer Dome U.S. Inc.  ("Placer  Dome")
     with  respect to a 20.5 square mile  portion of its Barelka / May and Range
     Minerals  properties on Ester Dome. This agreement provides for Placer Dome
     to perform up to $10 million of work on the subject claims over a five-year
     period, and to purchase up to 4 million shares of the Company's stock at an
     aggregate price of $5,450,000 over a four year period.

     (b) On December 19, 1997, the Company  entered into an option  agreement to
     purchase the Ryan Lode  property  from La Teko  Resources  Ltd. for a total
     purchase price of $12,000,000.  The Company issued  1,000,000 shares of its
     common stock as partial  consideration under this agreement.  Subsequent to
     the end of the quarter the Company elected to terminate the agreement.

     (c) During the quarter the Company  received a waiver and  extension of its
     December  1997 royalty  payment to the Alaska  Mining  Company  Inc.,  with
     respect to the Company's Hammond River claims.

4.   Buildings Plant and Equipment

     Buildings, plant and equipment are stated at cost. Depreciation is provided
     on buildings,  plant and equipment using the straight-line  method based on
     estimated lives of 3 to 20 years.

5.   Accounts Payable

     Accounts  payable and accrued  liabilities  are delineated in the following
     table:




          
                                    FEBRUARY 28,   NOVEMBER 30,
                                            1998           1997
                                    ------------   ------------
     Accounts payable                    399,052        334,812
     Accrued interest                     88,047         66,666
     Accrued reclamation expenses        196,000        196,000
                                    ------------   ------------
                                    $    683,099   $    597,478
                                    ============   ============

6.   Share Capital

     (a) Common  Shares.  Authorized:  100,000,000  common  shares,  without par
     value.

     (b) Directors Options. The Company has reserved 3,475,000 common shares for
     issuance,  exercisable  until August 14, 2004, in accordance with the terms
     and  conditions  of its December 12, 1994,  Stock Option Plan;  and 450,000
     common shares for issuance for issuance  exercisable until June 1, 2002, in
     accordance with the terms and conditions of its June 1, 1992,  Stock Option
     Plan. The Company accounts for stock  compensation  arising from options to
     directors  in  accordance  with APB 25,  "Accounting  for  Stock  Issued to
     Employees".

     (c) Employee Options.  From time to time the Company issues options for the
     purchase  of common  shares to  selected  part  time  independent  contract
     employees as sole  compensation for contracted  services in accordance with
     the terms and  conditions  of its April 20,  1994,  Stock  Option and Stock
     Bonus Plan.  The  Company  accounts  for  compensation  arising  from these
     options in  accordance  with  Statement  of  Financial  Standards  No. 123,
     "Accounting  for Stock Based  Compensation".  Under this  statement,  stock
     compensation  cost to contract  employees  is measured at the grant date of
     the stock option based on the value of the award and is recognized over the
     service period.

     (d) Warrants. In connection with the private placement of common shares the
     Company has  outstanding at February 28, 1998,  warrants for 892,000 common
     shares  exercisable  until  September,  1998;  warrants for 360,000  common
     shares  exercisable  until  October,  1998;  warrants for 2,000,000  common
     shares exercisable until March, 1999;  warrants for 1,000,000 common shares
     exercisable  until  August,  1999;  and warrants for 550,000  common shares
     exercisable until September, 1999.

     (e) Other Share  Transactions.  The Company issued  1,000,000 of its common
     shares to La Teko Resources Ltd. in  consideration  for an extension of its
     payment obligations with respect to the Ryan Lode property. The Company has
     reserved 1,076,923 common shares for issuance upon the potential conversion
     of a  convertible  debenture;  1,100,000  common  shares for issuance  with
     respect to a potential  purchase of property;  700,000  common  shares with
     respect  to  its  renegotiation  of the  Range  Minerals  II  and  Burggraf
     agreements,  precedent to executing an agreement  with Placer Dome; and has
     agreed  to  grant  options  to  purchase  500,000  of  its  common  shares,
     exercisable  until September 5, 1999, to Millennium  Holdings Group Inc. as
     partial consideration for a consulting agreement.

7.   Convertible Debenture

     In July,  1994,  the Company issued a convertible  callable  debenture with
     interest  payable at the rate of 8.0% per annum on  December 31 and June 30
     each year.  The debenture is unsecured and is due July 2, 1999,  subject to
     prior redemption or conversion.  The debenture may be converted in whole or
     in part by the holder  into common  shares of the  Company at a  conversion
     price of $1.857  U.S.  per share (the  "Conversion  Price").  In  addition,
     conversion of the debenture may be called by the Company  provided that the
     average  trading price of the  Company's  common stock has exceeded 125% of
     the  Conversion  Price  for the  period  of 20  consecutive  trading  days.
     Financing  fees paid related to the  debenture  have been  deferred and are
     being  amortized  on a straight  line basis over the  debenture  term of 60
     months.  The Company  completed  payment of the December 31, 1997  interest
     installment on March 25, 1998.

8.   Commitments and Contingencies

     The  Company has a lease  agreement  for office  premises  for a term of 10
     years commencing April 1, 1994, with an approximate annual rate of $120,000
     (Cdn.) including operating costs.


9.   Subsequent Events

     (a) On March 23,  1998,  the Company  entered  into an  agreement  with IBK
     Capital  Corporation  to redeem  one-half  of an  outstanding  warrant  for
     1,000,000  shares  exercisable  at $0.42 per share  until  April 2, 1999 in
     consideration  for  the  issuance  of new  warrants  for  5,000,000  shares
     exercisable  at $0.22  per  share  until  March 22,  1999;  a  warrant  for
     2,500,000 shares  exercisable at $0.10 per share until June 22, 1998; and a
     warrant for 2,500,000 shares exercisable at $0.10 immediately.

     (b) On March 26, 1998, the Company  notified La Teko Resources Ltd. that it
     was electing to terminate its option relating to the Ryan Lode Property.

<PAGE>


                      MANAGEMENT DISCUSSION AND ANALYSIS OF
                  FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following is  management's  discussion and analysis of certain factors which
have  significantly  affected the  Company's  financial  position and  operating
results during the period included in the  accompanying  condensed  consolidated
financial statements.


Three Months 1998 v. 1997

The Company  continued to engage in limited  exploration  activities  during the
first  quarter of 1998.  It received  some revenue  from sales of existing  gold
inventory,  but received  most of its cash from sale of  equipment  and from the
partial  execution of a warrant for its common shares.  Current assets  remained
relatively  constant during the quarter,  while  Buildings,  Plant and Equipment
were reduced reflecting the equipment sale. Current  liabilities  increased as a
function of an increase in accounts payable and the receipt of an unsecured loan
which was repaid  subsequent  to quarter  end.  Long term  liabilities  remained
relatively  unchanged  and are  comprised  mainly of the  Company's  $2  million
convertible  debenture.  Employment  contract expense was reduced  substantially
reflecting  the  fact  that the  Company  has now  absorbed  most of the cost of
previously issued contracts (see Note 6(c)).  Administrative  expenses were also
reduced, reflecting the reduced level of activity within the Company.


Liquidity and Capital Resources at February 28, 1998

During the first  three  months of 1998 the Company  received  cash from sale of
equipment,  from the partial execution of a warrant, and immediately  subsequent
to quarter end from the proceeds of a 2,500,000  share private  placement.  Also
immediately  subsequent  to  quarter  end it  eliminated  the  remainder  of its
long-term  lease  obligations,  thereby  reducing  its  debt  portfolio  to  its
convertible debenture and its on-going trade payables. At February 28, 1998, the
Company's cash position remained relatively unchanged at $34,300 as it continued
to incur  limited  expenses  with  respect  to its  analysis  of the  Ryan  Lode
property.  The Company completed  payment of the December 31, 1997,  semi-annual
interest installment on March 25, 1998.


Results of Operations


(a)  Ester Dome Gold Project

The Company  completed an agreement with Placer Dome U.S. Inc.  ("Placer  Dome")
granting  Placer Dome an option to explore 20.5 miles of the Ester Dome project.
The optioned claims include the Rhyolite and Ready Bullion targets,  but exclude
the St. Paul gold deposit,  and the Grant Mine and Mill. The Company  intends to
continue investigation of the St. Paul gold deposit, subject to the availability
of financing.


(b)  Ryan Lode Gold Project

The  Company  issued  1,000,000  to  La  Teko  Resources  Ltd.  ("La  Teko")  as
consideration  for  deferring  its  payment  obligations  with  respect  to this
project.  Subsequent  to quarter end, the Company found it necessary to drop its
purchase  option due to the  excessive  drop in gold prices and the  significant
reclamation expenses associated with the property.


(c)  Nolan Gold Project

At the Nolan Gold Project in northern Alaska,  the Company completed a number of
reclamation activities. The Company intends to resume development of both placer
and lode gold deposits at Nolan, subject to the availability of financing.


(d)  Other Properties

The Company continued to maintain its other properties in good standing, pending
further exploration and development, subject to the availability of financing.




                                OTHER INFORMATION


Item 4   None.



Item 5   None.



Item 6 Exhibits and Reports on Form 8-K.


(a)  EXHIBITS

(3)  Articles of Incorporation and Bylaws
     (i)(a) Ordinary  Resolution of Silverado  increasing the authorized capital
     to  100,000,000  shares  without par value and changing the Company's  name
     from "Silverado  Mines Ltd." to "Silverado Gold Mines Ltd." is incorporated
     by reference to Exhibit 3 to Silverado's 10-Q for the quarter ended May 31,
     1997.

(4)  Instruments Defining Rights of Security Holders, Including Indentures

     (a)  Specimen  certificate  representing  shares  of the  capital  stock of
     Silverado is  incorporated  by  reference  to Exhibit  4(a) to  Silverado's
     Report on Form 10, No.  0-12132,  filed May 11, 1984, as amended on Form 8,
     filed July 10, 1984.

(10) Material Contracts

     (a) Management  Compensatory  Plan - Silverado Mines Ltd. 1994 Stock Option
     and Bonus Plan.  Incorporated  by reference to Exhibit 10.4 to  Silverado's
     Registration Statement on Form S-3, File No. 33-76880.

     (b)  Operating   Agreement   between  Silverado  and  Tri-Con  Mining  Ltd.
     incorporated by reference to Form 10-K filed March 16, 1998.

     (c) Property Option Agreements:

     (i) Grant Mine Property

     (a)  Agreement  for  Conditional  Purchase  and Sale of Mining  Property  -
     Silverado/Burggraf  (10/6/78)  is  incorporated  by  reference  to  Exhibit
     10(e)(i)(a) to Silverado's  Registration Statement on Form 10, No. 0-12132,
     filed May 11, 1984, as amended on Form 8, filed July 10, 1984.

     (d) Exploration  and Mining Lease - Silverado  Mines (U.S.),  Inc./ Gilbert
     Dobbs  (11/6/84) is  incorporated  by reference to Exhibit  10(e)(f) to the
     Registrant's  Report on Form 10-K for the fiscal  year ended  November  30,
     1984.

     (ii) Range Minerals Property

     (a) Agreement #1 Silverado/Taylor (8/30/80) is incorporated by reference to
     Exhibit  10(e)(ii)(a)  to  Silverado's  Registration  Statement on Form 10,
     0-12132, filed May 11, 1984, as amended on Form 8, filed July 10, 1984.

     (b) Agreement #2 Silverado/Taylor (8/30/80) is incorporated by reference to
     Exhibit 10(e)(ii)(b) to Silverado's  Registration Statement on Form 10, No.
     0-12132, filed May 11, 1984, as amended on Form 8, filed July 10, 1984.

     (c) Exploration and Development  Option  Agreement  between  Silverado Gold
     Mines Ltd.,  Silverado  Gold Mines Inc.,  and Placer Dome U.S.  Inc.  filed
     herewith.

     (iii) St. Paul Barelka Property

     (a)  Equity   Agreement  -   Silverado/Barelka/May/Thoennes   (5/12/79)  is
     incorporated   by  reference  to  Exhibit   10(e)(iii)(a)   to  Silverado's
     Registration  Statement on Form 10, No.  0-12132,  filed May 11,  1984,  as
     amended on Form 8, filed July 10, 1984.

     (iv) Eagle Creek Property

     (a) Option  Agreement  -  Taylor/O'Hara/Tan  (7/9/76)  is  incorporated  by
     reference to Exhibit 10(e)(v)(a) to Silverado's  Registration  Statement on
     Form 10, No. 0-12132,  filed May 11, 1984, as amended on Form 8, filed July
     10, 1984.

     (b)  Assignment  of Option -  Aalenian  (now  Silverado)/Tan  (8/26/76)  is
     incorporated   by  reference   to  Exhibit   10(e)(v)(b)   to   Silverado's
     Registration  on Form 10, No.  0-12132,  filed May 11, 1984,  as amended on
     Form 8, filed July 10, 1984.

     (c) Assignment of Option - Can-Ex. (8/4/89) is incorporated by reference to
     Exhibit 10(e)(v)(c) to Silverado's Report on Form 10-K, for the fiscal year
     ended November 30, 1989.

     (v) Thompson Pup Property

     (a) Option Agreement  Figlenski/Carlson/Silverado  (6/9/81) is incorporated
     by reference to Exhibit 0(e)(vi)(a) to Silverado's  Registration  Statement
     on Form 10, No.  0-12132,  filed May 11, 1984,  as amended on Form 8, filed
     July 10, 1984.

     (vi) French Peak Property

     (a)   Amendment   of   Agreement  -   Silverado   /  Can-Ex  (now   Anselmo
     Holdings)(9/19/80)  is incorporated by reference to Exhibit 10(e)(ix)(d) to
     Silverado's  Registration  Statement on Form 10, No.  0-12132 filed May 11,
     1984, as amended on Form 8, filed July 10, 1984.

     (b)  Amendment  of  Agreement  (7/21/83)  is  incorporated  by reference to
     Exhibit 10(e)(ix)(e) to Silverado's  Registration Statement on Form 10, No.
     0-12132, filed May 11, 1984, as amended on Form 8, filed July 10, 1984.

     (vii) Smith Creek Property

     (a)  Purchase  and Sales  Agreement  -  Mickelson  / Anderson  /  Silverado
     (08/20/93)  is  incorporated  by  reference  to Exhibit  10(vii)(a)  to the
     Registrants  Report on Form 10-K for the  fiscal  year ended  November  30,
     1993.

     (viii) Mary's Bench Property

     (a)  Purchase  and Sales  Agreement  - Dionne / Dionne / Deveny / Silverado
     (09/21/93)  is  incorporated  by  reference to Exhibit  10(viii)(a)  to the
     Registrants  Report on Form 10-K for the  fiscal  year ended  November  30,
     1993.

     (ix) Marshall Dome Property

     Agreement  for Purchase  and Sale - Raymond  Moore / "BJ" Hall / Silverado,
     dated  October  9, 1995 is  incorporated  herein by  reference  to  Exhibit
     (10)(ix) to the  Registrants  Report on Form 10-K for the fiscal year ended
     November 30, 1995.

     (x) Hammond Property

     Lease of Mining Claims with Option to Purchase - Alaska Mining Company Inc.
     ("ALMINCO")  /  Silverado,  dated  February  3, 1995,  is  incorporated  by
     reference to Exhibit (10)(x) to the Registrants Report on Form 10-K for the
     fiscal year ended November 30, 1995.

(27) Financial Data Schedule, filed herewith.


(b)  REPORTS ON FORM 8-K

     A Form 8-K Current  Report dated December 19, 1997 was filed by the Company
     on January 2 1998,  reporting  information pursuant to Item 6. No financial
     statements were filed with this report.

     A Form 8-K Current  Report dated  January 28, 1998 was filed by the company
     on February 5, 1998, reporting information pursuant to Item 6. No financial
     statements were filed with this report.

-------------------------------------------------------------------------------


Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.




                                                       SILVERADO GOLD MINES LTD.

                                                       /s/ G.L. Anselmo
                                                       -------------------------
                                                       G.L. Anselmo
                                                       President / CEO / CFO