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Colorado Goldfields Inc.
10920 W. Alameda Ave
Suite 201
Lakewood, CO 80226
Tel: 303.984.5324
info@cologold.com

Investor Relations
info@cologold.com
1-866-579-9444

Investing In Our Nation's Future!

 

 

Numerous inquiries from our new and expanding shareholder base regarding our projected timeline to profitability have been received and we thank you for your confidence as we develop a new and profitable venture in Colorado. Our projected timeline & milestones for 2013 are:

 

September, 2007: The Company purchases Mill for $1.4 million. Company has re-paid
$975,000, with $425,000 outstanding, secured by a first mortgage.


October, 2009: Work commenced on amendment to the existing reclamation permit,
No. M-1984-049, granted in 1984 by the State of Colorado Division of Minerals and Geology.


June, 2010: Company submits comprehensive permit amendment to the Colorado Division of
Reclamation, Mining, and Safety


July, 2010: Company receives custom toll milling preliminary purchase orders from 5 mining
companies in the amount of $9.2 million


December, 2010: Company presents amendment to the Colorado Mined Land Reclamation
Board. The facilities portion of the amendment was approved, along with the provision for
custom/toll milling. The tailings pond rehabilitation plan awaits approval.

 

January, 2011: Company develops new approach for the treatment of tailings;
Dry Stack Repository and the reclamation of existing tailings ponds.


June, 2011: Company receives approval for reclamation plan from Colorado Division of
Reclamation, Mining & Safety for the existing tailings ponds, and the Division granted
approval for geotechnical drilling and analysis at the Dry Stack Repository site.


June, 2011: Company satisfies $200,000 financial warranty increase and provides a total $515,000

in financial warranty to the State of Colorado.


July, 2011: Company commences work to reclaim the tailings ponds and revise the permit
amendment for submission to the Division, including: closure of test pits, relocation of historic
mine waste, and surveying of new containment areas.


January, 2012: Company places Amendment No. 3 of the existing reclamation permit M-
1984-049, containing the Dry Stack Repository design, in final engineering for submission to
the Division

 

August, 2012: Final approval of the amended permit by the Colorado Mined Land
Reclamation Board


Winter, 2012: Interior rehabilitation continues through the winter months, including
electrical, ventilation, equipment certification, and chemical reagent preparation


April, 2013: Construction of tailings repository


July, 2013: Certification of tailings repository site by the Colorado Division of Reclamation,
Mining & Safety


August, 2013: Production processing begins

 

 

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To request Investor Information, please e-mail info@cologold.com , or call (303) 984-5324.

Download Colorado Goldfield's Corporate Fact Sheet, Click Here To Download


 



Certain statements may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors.

The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.

 
 
 
Copyright © 2011 Colorado Goldfields, Inc.