8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): March 1, 2007

SILVERADO GOLD MINES LTD.
(Exact name of Registrant as specified in charter)

British Columbia, Canada	000-12132	98-0045034
(State or other jurisdiction	(Commission File Number)	(IRS Employer
of incorporation)		Identification Number)

1111 West Georgia Street, Suite 505
Vancouver, British Columbia, Canada V6E 4M3
(Address of principal executive offices)

Registrant’s telephone number, including area code: (604) 689-1535

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions.

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR240.14a -12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13(e) -4(c))

This Current Report on Form 8-K and other reports filed by the Registrant from time to time with the Securities and Exchange Commission (collectively the “Filings”) contain forward looking statements and information that are based upon beliefs of, and information currently available to, the Registrant’s management, as well as estimates and assumptions made by the Registrant’s management. When used in the Filings the words “anticipate”, “believe”, “estimate”, “expect”, “future”, “intend”, “plan” or the negative of these terms and similar expressions as they relate to the Registrant or the Registrant’s management identify forward looking statements. Such statements reflect the current view of the Registrant with respect to future events and are subject to risks, uncertainties, assumptions and other factors relating to the Registrant’s industry, operations and results of operations and any businesses that may be acquired by the Registrant. Should one or more of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended or planned.

Item 8.01 Other Events

On February 23, 2007, Silverado Gold Mines Ltd. (the “Registrant”) issued a press release (the “Press Release”) announcing the discovery of a 13.78 troy ounce gold nugget during the sampling and grade control work of the Registrant’s Mary’s East property. Other findings and related information are set forth in the Press Release.

The foregoing summary of the Press Release does not purport to be complete and is qualified in its entirety by reference to the full text of the Press Release, a copy of which is filed as Exhibit 99.1 to this Current Report on Form 8-K and incorporated by reference herein.

Item 9.01 Financial Statements and Exhibits.

Exhibit No.	Document
99.1	Press Release dated February 23, 2007

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.

Date: March 1, 2007	SILVERADO GOLD MINES LTD.
	By:	/s/ Garry L. Anselmo
		Garry L. Anselmo,
		Chief Executive Officer

EX-99.1

BIG GOLD NUGGET FOUND IN UNDERGROUND MINING WORK - A 13.78 TROY
OUNCE GOLD NUGGET FOUND IN MARY’S EAST TUNNEL - MANY OTHER GOLD
NUGGETS

FEBRUARY 23, 2007 - Fairbanks, Alaska – USA - Vancouver, BC – Canada
SILVERADO - OTCBB: SLGLF / Frankfurt: SLGL / Berlin: SLGL

A 13.78 troy ounce gold nugget has been found in the Mary’s East underground workings during sampling and grade control work. Gold nuggets of this size range are rare, and accordingly priced. Our Nolan properties are famed for producing some of the largest gold nuggets ever found in Alaska. In addition to the big nugget, many other gold nuggets, shown in the photograph here: http://www.silverado.com/february232007 are being found, all of them are of jewelry quality.

As the tunnels are being advanced into the Mary’s East placer deposit, samples are systematically taken and analyzed by standard gravity methods to provide an estimate of the gold content of gravel being stockpiled during each shift of work. Two shifts of mining advance the tunnels seven days per week during the winter season. Placer gold deposits at Silverado’s Nolan Properties have a significant “nugget factor”, defined as the uneven distribution of larger sizes of gold particles and their influence on the overall valuation of the deposit. Therefore, we incorporate scanning the tunnel walls at the interface of gravel to bedrock with a metal detector, using strict security procedures. This provides a good indication of gold nugget distribution, and helps guide the tunnel development between drill holes. Management is pleased to report to our shareholders that areas of very rich gold bearing gravel have been delineated, and are being stockpiled for sluicing during the summer of 2007. 24.26 ounces of gold nuggets were recovered from two cubic feet of gravels in a recent test of an underground area that prior drilling had shown to be rich in gold. Visit this web link to view video clip of gold extraction. http://www.silverado.com/february232007/video.htm

A display of nuggets produced to date from the Mary’s East Deposit has been accumulated from grade control scanning and sampling since January 13th if 2007 is viewable here: http://www.silverado.com/february232007

Crews will continue to stockpile gold bearing gravel from the Mary’s East tunnels into early spring. We have stock piled 4,600 loose cubic yards of gravel from Mary’s East plus an additional 9,000 loose cubic yards of gravel from the Swede Channel. Processing the stockpiles for gold removal is expected to begin after the stockpiles are sufficiently thawed ( mid June 2007 ). Thawing is critical, to ensure that all of the gold, from large nuggets down to the tiniest gold dust particles can be liberated from the frozen gravel chunks, then concentrated by gravity separation in our modern sluicing plant.

This press release was prepared by Edward J. Armstrong, Certified Professional Geologist; who is a qualified person as defined under the standards of Canadian National Instrument policy 43-101.

To learn more about Silverado Gold Mines Ltd., visit us online at http://www.silverado.com or contact Bob Dynes, Investor relations, toll free at 1-800-665-4646.

SILVERADO GOLD MINES LTD.
Mailing Address • 505 - 1111 W. Georgia Street • Vancouver, B.C. • V6E 4M3 • CA
(800) 665-4646 or (604) 689-1535 • F: (604) 682-3519 • pr@silverado.com • http://www.silverado.com
Field Address • P.O. Box 83730 • Fairbanks, Alaska. • 99708 • USA

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.