Colorado Goldfields Inc. (fka CGFI)

[1manband]

Canadian companies that are both Canadian and US reporting issuers are permitted by the SEC to use NI 43-101 BUT ONLY with the inclusion of the SEC specified disclosure. Note I said "US Company", not "Canadian Company". Even US companies that are also Canadian reporting issuers are prohibited by the SEC of using the term "NI 43-101" in the US.

99.9% of Canadian NI 43-101 standards and US Industry Guide 7 standards are exactly the same because both are built upon industry standards which apply to all industry professionals. Exactly the same. The big difference is that NI 43-101 reports have to be filed with, and reviewed by, Canadian securities regulators and are only available to Canadian issuers. The belief that NI 43-101 standards are both different and somehow better is extremely common among investors and partially why US companies make such a claim, even though it is legally prohibited.