SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 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): December 19, 1997


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


                            British Columbia, Canada
                            ------------------------
                 (State or other jurisdiction of incorporation)


                0-12132                                 98-0045034
               --------                                 ----------
         (Commission File Number)                    (I.R.S. Employer
                                                    Identification No.)


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


                                       604-689-1535
                                  ------------
              (Registrant's telephone number including area code)



<PAGE>

                  

Item 9. Sales of Equity Securities Pursuant to Regulation S.
        ----------------------------------------------------

     On December 19, 1997 the Company  completed the sale of 1,000,000 shares of
Common  Stock in  partial  consideration  for an Option  Agreement  between  the
Company and an offshore  investor  in a  transaction  intended to be exempt from
registration  under the  Securities  Act of 1933,  and  Regulation S promulgated
thereunder.



                                   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, thereunto duly authorized, on this 2nd day of January, 1998.


                                           SILVERADO GOLD MINES LTD.

                                           By: /s/ Garry L. Anselmo
                                           -------------------------------------
                                           Garry L. Anselmo, B.A., President,
                                           Chief Executive Officer, Principal
                                           Accounting and Financial Officer
[{"type": "8-K", "sequence": "1", "description": "FORM 8-K", "secsgml_size_bytes": 2719}]
{"company-data": {"conformed-name": "SILVERADO GOLD MINES LTD", "cik": "0000731727", "assigned-sic": "1040", "irs-number": "980045034", "fiscal-year-end": "1130"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-12132", "film-number": "98500505"}, "business-address": {"street1": "SUITE 505 1111 WEST GEORGIA ST", "street2": "STE 505", "city": "VANCOUVER BC CANADA", "state": "A1", "phone": "6046891535"}, "mail-address": {"street1": "1111 WEST GEORGIA STREET", "street2": "STE 505", "city": "VANCOUVER BC", "state": "A1"}, "former-company": {"former-conformed-name": "SILVERADO MINES LTD", "date-changed": "19940722"}}
SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 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): December 19, 1997

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

                            British Columbia, Canada
                            ------------------------
                 (State or other jurisdiction of incorporation)

                0-12132                                 98-0045034
               --------                                 ----------
         (Commission File Number)                    (I.R.S. Employer
                                                    Identification No.)

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

                                       604-689-1535
                                  ------------
              (Registrant's telephone number including area code)
Item 9. Sales of Equity Securities Pursuant to Regulation S.
        ----------------------------------------------------

     On December 19, 1997 the Company  completed the sale of 1,000,000 shares of
Common  Stock in  partial  consideration  for an Option  Agreement  between  the
Company and an offshore  investor  in a  transaction  intended to be exempt from
registration  under the  Securities  Act of 1933,  and  Regulation S promulgated
thereunder.

                                   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, thereunto duly authorized, on this 2nd day of January, 1998.

                                           SILVERADO GOLD MINES LTD.

                                           By: /s/ Garry L. Anselmo
                                           -------------------------------------
                                           Garry L. Anselmo, B.A., President,
                                           Chief Executive Officer, Principal
                                           Accounting and Financial Officer