LAKEWOOD, CO -- (Marketwire) -- 03/29/11 -- Colorado Goldfields Inc. (OTCQB: CGFIA) (PINKSHEETS: CGFIA) announces that on March 25, 2011 the Company filed the first component of its dry stacking permit with the Colorado Division of Reclamation, Mining and Safety ('DRMS'). Technical Revision 11 (TR-11) is the foundation of the process that will bring the Pride of the West into operation under the new dry stacking approach.
LAKEWOOD, CO -- (Marketwire) -- 03/03/11 -- Colorado Goldfields Inc.'s (OTCQB: CGFIA) (PINKSHEETS: CGFIA) -- Company management announces today that it has entered into high-level negotiations to acquire 35 acres of highly accessible land in San Juan County for its dry stacking site. Based upon prevailing land values in the area, this acquisition has an estimated value of $1 million. 'We expect this transaction to be extremely favorable to the Company,' stated Stephen Guyer, CFO for Colorado Goldfields. 'We couldn't ask for a better location and accessibility. This will be especially important for future reprocessing of tailings that are anticipated to include silver, copper, indium and tellurium,' said Lee Rice, President and CEO of Colorado Goldfields.
Colorado Goldfields Inc. provides this commentary as Part 9 of its 'Gold Dynamics in the News' series. In March 2010, Company President Lee R. Rice predicted that the price of gold would rise to $1,300 - $1,500 per ounce by year end. On March 2, 2011, gold prices topped $1,440 per ounce as unrest spread across the Middle East and North Africa [...]
Colorado Goldfields announces that Colorado Goldfields President and CEO Lee R. Rice and CFO Stephen Guyer appeared on 'The Big Biz Show with Russ and Sully,' with 35 million cable television viewers and 2 million radio listeners daily.
Gold StocksLAKEWOOD, CO -- (Marketwire) -- 02/28/11 -- Colorado Goldfields Inc. (OTCQB: CGFIA) (CGFIA.PK) announces today that as of February 23, 2011, the Company's stock quotation coverage has moved from the FINRA operated OTC Bulletin Board to the OTC Markets Group, Inc.'s OTCQB under the same symbol 'CGFIA.'
LAKEWOOD, CO -- (Marketwire) -- 02/22/11 -- Colorado Goldfields Inc.'s (OTCBB: CGFIA) CEO Lee R. Rice recently sat for an interview with the Company's CFO, C. Stephen Guyer regarding the impact of global unrest on gold prices, and the strategic reasons for the Company's dry stack approach to tailings processing and management at its Pride of the West Mill.
LAKEWOOD, CO -- (Marketwire) -- 02/10/11 -- Colorado Goldfields Inc. (OTCBB: CGFIA) announces that the Company has now paid down $125,000 of the existing promissory note on the Pride of the West Mill through the funding facility announced last June. It is anticipated that this funding source will also assist the Company in funding the financial warranty increase.
LAKEWOOD, CO -- (Marketwire) -- 02/09/11 -- Colorado Goldfields Inc. (OTCBB: CGFIA) announced today that the Company is developing a dry stack approach for tailings disposal at its Pride of the West Mill. Although used extensively in other parts of the world, such as Chile, South America, Mexico, and the Middle East, this is an innovative method of tailings disposal for the U.S. and Colorado. Mining operations using dry stacking in the U.S. include: Greens Creek Mine, the Pogo Mine, Nixon's Fork, and the Kennings ton mine all located in Alaska, TVX Gold located in Montana, JR Simplot Co. in Idaho, and Mineral Ridge located in Nevada.
LAKEWOOD, CO -- (Marketwire) -- 02/08/11 -- Colorado Goldfields Inc. (OTCBB: CGFIA) announced today that the Company has reached an agreement with the State of Colorado Division of Reclamation Mining and Safety ('DRMS'), to extend the time required to fully fund a $196,000 increase to the Company's financial warranty from February, 2011 to June, 2011.
Gold StocksLAKEWOOD, CO -- (Marketwire) -- 12/16/10 -- Colorado Goldfields Inc. (OTCBB: CGFIA) announced today that its President and CEO Lee R. Rice and CFO Stephen Guyer, were recently interviewed on 'The Big Biz Show.'
Gold StocksLAKEWOOD, CO -- (Marketwire) -- 12/15/10 -- Colorado Goldfields Inc. (OTCBB: CGFIA) provides this commentary as Part 8 of its 'Gold Dynamics in the News' series.
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