In Our Nation's Future!
Colorado was home to one of the greatest gold rushes the world has
ever seen where millions of ounces of gold have been mined continuously
for the past 148 years. To this day, the region is known for gold
Pride of the West Mill
A modern gravity and flotation mill with up to-350 tons per day capacity. It is located within nine miles of all three mines, and is the only mill in the area. Toll milling for neighboring mines provides an additional revenue stream and the opportunity for future joint venture or acquisition opportunities
Silver Wing Mine
The mine’s poly-metallic ore contains recoverable metal values in gold, silver, lead, copper and zinc. Colorado Goldfields will develop a mining and milling operation and produce approximately 14,500 tons annually of gold, silver, copper, lead and zinc concentrates. After 1-year of ramp up work, production could reach 180 tons per day with full production of 360 tons per day achieved after two years. Note: The original agreement to acquire the Silver Wing Mine has expired; however, the Company is actively and amicably re-structuring the Contract to Purchase.
The Champion Mine consists of approximately 354 acres located in the San Juan Mountains at Silverton, Colorado. The Mine is located within the historically productive rim (i.e. over $700 million in gold, silver and base metals produced since 1874) of the Silverton Caldera complex at the southwestern extremity of the very prolific Colorado mineral belt. Several major narrow (i.e. average 3 to 6 feet in width
with strike lengths up to 9,000 feet and stopes of at least 2,500 feet) vein deposits each up to 10 million tons or more have previously operated profitably in the district. Note: The original agreement to acquire the Champion Mine has expired; however, the Company is actively and amicably re-structuring the Contract to Purchase.
King Solomon Mine
The King Solomon Mine is located on the southern flank of King Solomon Mountain,
just a few hundred yards up the mountain from the first discovery of gold in the San
Juan Mountains in Little Giant Basin in 1864. Opened in 1876, the mine was in
production until 1883. The King Solomon Mine is located within 2 miles of the Company's Pride of the West Mill.
Uranium Claim Group
These two claim groups consist of 63 (55 Pay Day and 8 Rage) claims. The Pay Day
claim group is located in Township 32 South, Range 24 East of the Salt Lake Meridian
in Sections 26, 27, 34, and 35, in San Juan County northeast of Monticello, Utah. The
Rage claim group spans Stevens Canyon on the southeast flank of the Seven Sisters
Buttes in Township 33 South, Range 20 East of the Salt Lake Meridian in Section 33,
San Juan County, Utah. Both claim groups have been plotted on USGS topographic
Based upon the preliminary geological report and information from the Atomic Energy Commission, the seller of the properties extrapolated a resource estimate of 45,000
tons of uranium bearing ore. The uranium content averages 0.27% which is 5.4 pounds
per ton, yielding 243,000 pounds of triuranium octoxide. Despite occasional price spikes, the long-term
price of uranium is approximately $40 per pound. Therefore, the total estimated value
of the uranium content for the Rage and Pay Day claims would be $9,720,000.