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): June 13, 2011 (January 21, 2011)

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)

     5455 152nd Street, Suite 308
Surrey, British Columbia, Canada V3S 5A5
(Address of principal executive offices)

Registrant’s telephone number, including area code: 1 (800) 665-4646

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

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act

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

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

SILVERADO GOLD MINES LTD.

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 January 21, 2011, Silverado Gold Mines Ltd. (the “Registrant”) received a Cease Trade Order (the “CTO”) from the British Columbia Securities Commission (“BCSC”). Pursuant to the CTO, the Executive Director of the BCSC ordered that trading in the securities of the Registrant cease in the province of British Columbia until (i) the Registrant satisfies certain filing requirements in British Columbia that are specifically set forth in the CTO, and (ii) the Executive Director of the BCSC issues an order revoking the CTO.

The CTO affects only the issuance and trading of the Registrant’s securities in the province of British Columbia. The Registrant’s securities may still be traded outside of British Columbia.

The Registrant has been diligently working in cooperation with the BCSC since the issuance of the CTO to file the required documents and to secure the revocation of the CTO.

The foregoing information does not purport to be complete and is qualified in its entirety by reference to the full text of the CTO, a copy of which is filed herewith as Exhibit 99.1 and incorporated by reference herein.

Item 9.01      Financial Statements and Exhibits

Exhibit No.	Document
99.1	Cease Trade Order

SIGNATURES

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 hereunto duly authorized.

June 13, 2011	Silverado Gold Mines Ltd.
	By:	/s/ Garry L. Anselmo
		Garry L. Anselmo,
		Chief Executive Officer

EX-99.1

 

  British Columbia Securities Commission

2011 BCSECCOM 43

Cease Trade Order

Silverado Gold Mines Ltd.

Section 164 of the Securities Act, R.S.B.C. 1996, c. 418

1	Silverado Gold Mines Ltd. (Silverado) is a British Columbia corporation. Its head office is in Vancouver, British Columbia. Silverado is an OTC reporting issuer under BC Instrument 51-509 Issuers Quoted on the U.S. Over-the-Counter Markets (BCI 51-509).
2	Silverado disseminated a news release on January 7, 2010 announcing a 92% increase to the mineral resources on its Nolan Creek Project in Alaska (the Nolan Creek property) from the most recently filed technical report for the Nolan Creek property dated January 1, 2009 as amended June 1, 2009 (the 2009 Report), which is a material change in Silverado’s affairs.
3	Silverado did not file the January 7, 2010 news release, and did not file a related material change report, as required by section 7.1 of National Instrument 51-102 Continuous Disclosure Obligations (NI 51-102) and section 5(b) of BCI 51-509.
4	Silverado did not file a technical report, as required by section 4.2 (1)(j)(ii) of National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101) to support the increase in mineral resources on the Nolan Creek property disclosed in Silverado’s January 7, 2010 news release.
5	Silverado disseminated a news release on May 13, 2010 which incorporated by reference a document announcing a new economic analyses for the Nolan Creek property, which is a material change in Silverado’s affairs.
6	Silverado did not file the May 13, 2010 news release, and did not file a related material change report, as required by section 7.1 of NI 51-102 and section 5(b) of BCI 51-509.
7	Under section 164(1) of the Act, the Executive Director orders that trading in the securities of Silverado cease until:
	1.	Silverado files its January 7, 2010 and May 13, 2010 news releases and related material change reports.

     Tel: 604 899-6500 Fax: 604 899-6506 Toll Free: 1 800-373-6393 www.bcsc.bc.ca
P.O. Box 10142, Pacific Centre, 701 West Georgia Street, Vancouver, BC, Canada V7Y 1L2

 

2.	Silverado files a technical report for its Nolan Creek property to support its disclosure.
3.	The Executive Director makes an order under section 164 of the Act revoking this order.

8 January 21, 2011

Robert Holland
Chief Mining Advisor
Corporate Finance