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August 19, 2008
Colorado Goldfields Commences Drilling at Mogul Mine
Colorado Goldfields Inc. (OTCBB: CGFI) commenced drilling at its Mogul Mine Project in San Juan County, Colorado. CGFI will drill multiple holes into various geologic zones to verify potentially recoverable gold and silver and to determine exactly where mining will yield the highest production. |
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August 14, 2008
Colorado Goldfields' Board of Directors' Lock-up
Colorado Goldfields Inc. (OTCBB: CGFI) announces that its Board of Directors and executive officers entered into a 24 month lock-up agreement for 40,500,000 shares of common stock, representing approximately 40% of the issued and outstanding common shares. The lock-up agreement provides that they will not directly or indirectly trade, sell, or otherwise transact their shares of Colorado Goldfields Inc. |
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August 12, 2008
Colorado Goldfields Commences Drilling at Gold King
Colorado Goldfields Inc. (OTCBB: CGFI) commenced drilling at its Gold King Mine Project in San Juan County, Colorado. CGFI will drill multiple holes into various geologic zones to verify potentially recoverable gold and silver and to determine exactly where mining will yield the highest production.
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July 14, 2008
Colorado Goldfields 2008 Drill Program Nearing Commencement
Colorado Goldfields Inc. (OTCBB: CGFI) (the "Company") announces that preparations for the commencement of its 2008 drill program are nearing completion and that drill operations are imminent. |
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June 10, 2008
Colorado Goldfields Inc. Announces Purchase of Surface Drill
Colorado Goldfields Inc. (OTCBB: CGFI) (the "Company") announces it has purchased a Longyear 34 surface drill rig for conducting additional surface drilling on the Company's San Juan County, Colorado properties which it has under option. The drill rig purchase included NQ and HQ drill rod, bits, water pump, and numerous accessories.
The Company has identified two experienced drill operators from the local area, as well as other drill labor. The Longyear 34 drill rig is expected to arrive at ... (6 KB) |
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June 05, 2008
Colorado Goldfields Announces Memorandum of Understanding Relating to the San Juan County, Colorado Optioned Properties
Colorado Goldfields Inc. (OTCBB: CGFI) (the "Company") announced today that it intends to revise its capital structure and has entered into a Memorandum of Understanding improving its position in the Option Agreement with respect to the mining properties located in San Juan County, Colorado.
As previously reported in our press release and filings with the Securities and Exchange Commission, in June 2007, we entered into an option agreement ("Option Agreement") with Todd C. Hennis and San Jua... (16 KB) |
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April 23, 2008
Colorado Goldfields Announces Intent to Assist Financing of Additional Mexican Property Acquisitions
Colorado Goldfields Inc. (OTCBB: CGFI) (the "Company") announced today that it has signed a second letter of intent with Besmer, S.A. de C.V. of Durango, Mexico.
In connection with the proposed acquisition of 75% of the shares in Besmer, S.A. de C.V. ("Besmer"), Colorado Goldfields Inc. has signed a Letter of Intent to loan Besmer US$100,000 for use as initial property option payments by Besmer. Company personnel have identified specific properties from extensive site visits to be acquired u... (6 KB) |
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April 16, 2008
Colorado Goldfields Announces Equipment Purchase
Colorado Goldfields Inc. (OTCBB: CGFI) (the "Company") wishes to announce that it has purchased additional mobile mining equipment for the planned Mexico and Colorado operations.
In anticipation of the planned completion of the acquisition of 75% of the shares in Besmer, S.A. de C.V., the Company has purchased a 1.25 cubic yard LHD, a 6 ton capacity mine truck, and an underground mine tractor. The company plans to ship these units to the active silver mining operations of Besmer shortly afte... (6 KB) |
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April 03, 2008
Colorado Goldfields Hires Milling Consultant for Mexico
Colorado Goldfields Inc. (OTCBB: CGFI) (the "Company") announced today that it has retained the services of Mr. John Ferguson of Durango, Colorado as a consultant to the Company in order to perform due diligence on the previously announced proposed acquisition of 75% of the stock of Besmer, S.A. de C.V. of Durango, Mexico.
Mr. Ferguson will examine Besmer's mill facility at Boca Hacienda, near Suchil, Mexico in order to examine the feasibility of expanding the mill initially to 250 metric to... (6 KB) |
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March 27, 2008
Colorado Goldfields Hires Geological Engineer/Project Manager - Mexico
Colorado Goldfields Inc. (OTCBB: CGFI) (the "Company") today announced that Simon B. Russell has joined the company in the capacity of mining engineer. Upon the anticipated close of the previously announced transaction to acquire a 75% interest in Besmer, S.A. de C.V., Mr. Russell will serve as project manager for the company's Mexican operations.
Mr. Russell graduated with a Bachelor of Science degree from the New Mexico Institute of Mining and Technology in Socorro, NM and holds a Bachelor... (6 KB) |
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March 25, 2008
Colorado Goldfields Signs Agreement to Resume Drill Program in Colorado
Colorado Goldfields, Inc. (OTCBB: CGFI) (the "Company") today announced the signing of a contract with Godbe Drilling, LLC of Montrose, Colorado for the resumption of drilling at the Gold King and Mogul properties in San Juan County, Colorado. The contract calls for a minimum of 7000 feet of exploration drilling.
The drill program is the planned resumption announced in late 2007, which was suspended due to the onset of inclement winter weather conditions. The drilling contractor plans to be ... (2 KB) |
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March 13, 2008
Colorado Goldfields Inc. Announces Letter of Intent to Acquire 75% Interest in Producing Mexican Silver Company
LAKEWOOD, CO--(Marketwire - March 13, 2008) - Colorado Goldfields Inc. (OTCBB: CGFI) (the "Company") today announced the signing of a Letter of Intent to acquire 75% of the shares of Besmer, S.A. de C.V. ("Besmer"), of Durango, Mexico, from existing shareholders.
Besmer is currently operating the El Barreno, Remedios, and La Zacatecana mines in the states of Zacatecas and Durango, Mexico, and also operates the Bocas Hacienda flotation mill near Suchil, Mexico.
The El Barreno Mine is loca... (9 KB) |
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March 03, 2008
Colorado Goldfields Inc. Purchases Underground Mining Equipment
Colorado Goldfields Inc. (OTCBB: CGFI) (the "Company") today announced the purchase of underground drills, parts and supplemental equipment for its Silverton, CO operations.
As part of ongoing strategic planning and discussions both internally and with potential underground mining contractors, management has determined that the best mining method at the Gold King Mine is traditional shrink stoping and rail haulage. To this end, the Company is undertaking to identify potential equipment suppl... (6 KB) |
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March 03, 2008
Colorado Goldfields Inc. Announces CFO and Additional Staff Appointments
Colorado Goldfields Inc. (OTCBB: CGFI) (the "Company") is pleased to announce the following staff additions;
Mr. C. Stephen Guyer has joined the Company as Chief Financial Officer. Mr. Guyer replaces Gary Schellenberg, who will continue as Vice-President, Exploration and as a Director. Mr. Guyer brings over 30 years of experience in the financial field, having served throughout his career as either CFO or as a senior financial executive for a number of firms operating across a broad spectrum... (6 KB) |
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This website contains historical and archived press releases for Colorado Goldfields, Inc. The information in these press releases is historical in nature, has not been updated, and is current only to the date indicated in the particular press release. This information may no longer be accurate and therefore you should not rely on the information contained in these press releases. To the extent permitted by law, Colorado Goldfields, Inc. and its employees, agents and consultants exclude all liability for any loss or damage arising from the use of, or reliance on, any such information, whether or not caused by any negligent act or omission. | |
