added another gold mine today CGFIA mining sectors seem to be the best buys now, the green companys are haveing to much trouble getting off the ground
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I got in this befor the R/S and they promised a tv com and just about every thing like they are now go back to old post and see it for your self. flipping my be all this one is good for.
we're hold strong this is the best we have looked for a long time. New and updated web site more gold found both lode and placer, and by the size of the nuggete there pulling out of the placers the lode gold has got to be some of the richest ever. I'll be adding as powder dries.
the new web site is the best I've seen every one shouls check it out
you need to get into a stock like Barrick or one of the other Porducing gold companies this company Colorado gold feilds is a explortory company at the stage we are in we are looking into the future or as one of the producing companies depleate one of there sites then the buy out companies that have found gold waiting to be mined and that when your pennies go to dollars over night some faster than others. we do have a lot of very good core samples. So the waiting game is on.
what a light day! some news on gold.
Posted: Wednesday , 07 Oct 2009
JOHANNESBURG -
Dollar gold prices roared to record levels, above US $1,040 an ounce, on Tuesday, as the dollar sustained renewed pressure after Australia unexpectedly raised interest rates. With early signals that other developed economies may raise interest rates from multi decade, and even record, lows, investors are betting that inflation rates will rise, underpinning an ongoing switch of funds to hard assets such as gold bullion.
Gold's rise on Tuesday was echoed across the broader commodities complex, and reflected in strong demand for resources stocks in general. In the background, the majority of stock markets around the world are trading at, or close to, 12-month highs, as reflected in the broad-based MSCI world equities US$ index, and the MSCI emerging markets US$ index, reflecting the general increase in investor appetite for risk.
Stock markets, however, have some way to go before recovering to levels seen when the MSCI world equities US$ index peaked at nearly 1,700 points early in 2007; that index is currently trading around 1,100 points. The general market meltdown first emerged strongly around October 2007, when the US's so-called subprime credit crisis started taking casualties, and intensified with the fall of Bear Stearns on Wall Street in March 2008, when gold bullion hit its previous record. Another intense markets sell off was triggered by the fall of Lehman Bros., also on Wall Street, in September 2008. Stock markets started to recover during the first week of March this year.
Record gold prices should also assist in the continuing recovery of losses in gold equities sustained by longer term investors. Barrick, the world's biggest gold digger by production and market value, traded above US$53.00 a share in early 2008, before crashing to US$17.27 a share in the weeks following the Lehman collapse. Barrick was trading up close to US$40.00 a share on Tuesday.
Relatively speaking, gold bullion has performed better than most other commodities over the past year, and more. Looking forward, gold bugs continue to call the gold bullion price to levels that sometimes look like telephone numbers. More sober calls have come from professional analysts, such as those at RBC Capital Markets, which "believe that a key underlying driver for the recent strength in the gold price has been the fundamental weakness in the dollar rather than strong fundamental demand for gold".
RBCCM points out that "it was only during brief periods of time when there were elevated levels of geopolitical risk (2005) or financial market risk (fourth quarter 2008 to second quarter 2009), that gold and the dollar showed positive correlation". There has been a strong inverse correlation between gold bullion and the dollar over the past 20 years.
The dollar-gold correlation since 1996 suggests that a 1% positive move in the dollar index (DXY) results, on average, in a negative -1.2% move in the gold bullion price. RBCCM comments that "while we occasionally see gold and the dollar positively correlate over short periods of time, the past few months have demonstrated the historical negative correlation".
Stock pricing patterns for more than 1,000 mining stocks listed around the world indicate that some investors remain sceptical over the potential further upside offered by specialist gold miners. So far this year, the highest stock pricing returns have come from specialist miners of silver, diamonds, copper, nickel, iron ore, and aluminium, followed by gold.
The exceptional returns for silver miners have been led by the biggest name, London-listed Mexican miner Fresnillo, which has so far risen by more than 700% from its lows, seen late last year. The global investible market capitalisation of specialist silver miners is relatively modest, at US$26bn, compared to the US$307bn offered by gold miners. Platinum, the other key precious metal, is yet to attract convincing investor interest, and offers a global listed investible market value in aggregate of US$55bn
no idea when it would bounce 2 to 3 points I could roll this one it been down here so long now I dout if it will ever go above .0003 pos
beating the doors down today!
makes me wish I was holding more gold as in coins so when the $hit hitts I can buy my bread and beans
the mill has to be brought on line with all EPA standerds I know that you know that goverment drags there feet on everything most of all in the evironmental matters not to mention the green wacko's. I would like to see the mill up and running but not until we meet all safety standerds that way we won't be shut down. As far as digging gold out of the ground it is wise to dril core samples so they know where the richest ore bodies are and dig around areas with little or know gold. They are drilling and maping out the best sites to start and get the most for there buck our buck!
NEW YORK (MarketWatch) -- Gold futures hit a new record high on Tuesday, lifted by dollar weakness after Australia hiked interest rates and after a report that Gulf oil producers, along with China, Russia, Japan and France, are planning to eventually end dollar-based oil pricing. Gold for December delivery rose as high $1,038.00 an ounce in electronic trade, topping the previous record of $1,033.90 reached in March 2008. The December contract recently traded at $1,037.50 an ounce, up $19.70, or 2%.
NEW YORK (MarketWatch) -- Gold futures hit a new record high on Tuesday, lifted by dollar weakness after Australia hiked interest rates and after a report that Gulf oil producers, along with China, Russia, Japan and France, are planning to eventually end dollar-based oil pricing. Gold for December delivery rose as high $1,038.00 an ounce in electronic trade, topping the previous record of $1,033.90 reached in March 2008. The December contract recently traded at $1,037.50 an ounce, up $19.70, or 2%.
another gold mine under our belt! Gotta love it.
a lot of shakin going on to day could it be the rocket leaving the launch pad!!!!!!!
I'm going to abanden ship if it goes down in the morning and swim for shore
befor the mill can run they have to complete the tailing pond and a leach site and those two can only be done in summer months to meet enviromnental standards, this last summer they did cover old tailings up with over berden and was trying to prep site so they can be ready for next summer to finnish ponds you can't run a mill with out a place to recover the water annd treat it.
I'm sure there will be other news they where looking at buying some more mines in the Silverton area. I think it will be slow this winter most business will probably be singing deals and tieing up loose ends thats just me takeing a stab in the future here.
my bag here is only going to get bigger if it drops big but I might need some powder for a bigger bag in srsr its looking teasty right now. but I want to hold onto some powder for this one just in case things look like they are changeing
yea a bounce like this wlth no volume dosen't look good,
just holding what I have here
looks like it could be turning into a up trend might get a run any day looks better today than it has for a while
the mineing sector is where I seem to be makeing all of my profits and all the tec's are flat. so 6 mining compaines makeing money verses 4 tec's and one restrunt laying flat to down. good trading to you
looks like steady steps up the wave of grouth looks like a real company to me. James444ct look at cgfia ready to bust loose. slglf we have a company here looking good. good trading my friend
I read it thanks for the find long term holder was ready to give up on it maybe I'll pick up some moere
picked up a few more on the lows at the close. the more I read up on this company the more I want to buy when this breakes out it is going to run.
it's still in a steady up trend, I have been expecting more lagging indicators are all looking good it's my patience is whats bugging me
what news are you talking about
I'll be looking to buy as long as it does not open gap up good buying at these levels IMO
I'm looking for slow grouth with little or no spikes higher lows being made and then when the mill does opens who knows a large spike and fast grouth for a while. this is IMO.
I noticed when a company first starts trading and they put out all the mailiers across the country a lot of people buy up the gildder at a high price only to see it burn off and fall. when the sell off slows then I start looking to buy picking the bottom is hard but I fell that we are at a bottom looking at price chart is what got me to make my first buys and I'll add on any dips and if a spike ocurs I'll sell some and look for the pull back to add more until I have free shares. that is how I look at any of these companies I do not fall in love with any of them. but I don't let my money set in account I will put it into other stock that is lining up on price charts so once in a while I miss getting back in right when I want to. its all about makeing money and having fun doing it for me.
thanks for the post, it looks like we are getting good media corvrage to.
I don'i think it is a scam I was one of the people that made a trip out to see the mill a couple of weeks ago what I saw I did report back to all on I-hub now one big hurddle for any mine or company to start up is enviroenmental standards and these goverment enites do drag there feet with winter setting in in Colorado high country out door construction will slow down to a cral the mill is ready to go pretty much I was told today they needed some wires changed up from sub station so mill can run both sides. (that being crusher and milling) but until they have a place for waiest water and other tailings the mill can not be run. I know of no one who works for them that post on here. and if you have info of such people please share it with the rest of us.
I just got off the phone with John Ferguson and I'll try and put this down right we are finnishing up some of the work on the tailing ponds but won't be able to finnish this year due to frozen ground. its not froze yet and they are doing construction work to ready ground for liner that has to be put down when ground is not to cold. They are in talks on two more properties in the area and he was saying that the mine in CA. may be crushing soon in agreement with another group. He said a press release should be coming out soon but did not have a exact time when. I did let him know that I'd be planing a new trip out there in the late spring or early summer. He said just let him know and they would plan on makeing sure someone would be there to show us around and answer questions.
no have you called the office?
hope you got your buys fri! through the roof today I was going to buy but I won't chase it look for pull backs and pick em up that way.
thats what I have got also next week I think I'll start makiing a call every day to his cell and the companys office phone.
wish i had some dry powder today I'd be picken up more, good buying time IMO
time to buy add more not alot but 10000 20000 chuncks I add on all pull downs.
this is what they have back from Jan. 2009
January 1, 2009 NI 43-101 Pre-Feasibility Analysis Amended June 1, 2009 to Reflect Additional Data
Vancouver, British Columbia, June 2, 2009 - Silverado Gold Mines Ltd (OTCBB: SLGLF) (Frankfurt: SLGL) (www.silverado.com) ("Silverado") has amended its pre-feasibility analysis of January 1, 2009 entitled, "Update of Mineral Resource and Reserve Estimates and Preliminary Feasibility Study, Workman's Bench Antimony-Gold Lode Deposit, Nolan Creek, Wiseman B-1 Quadrangle, Koyukuk Mining District, Northern Alaska, January 1, 2009" or "Technical Report." These amendments are being made in response to review comments by the British Columbia Securities Commission (BCSC). Certain material changes are shown below:
The Economic Analysis Chapter (Section 18.9) was clarified by the qualified person (QP) in the amended Technical Report to include: 1) an explanation of metal price forecasts; 2) analysis of depreciation and sunken costs; 3) a review of the effect of variable interest rates on the economic model; and 4) multiple scenarios for the Base Cash Flow case study.
In the Base Cash Flow case study, assuming an antimony (Sb) price of US$2.25 per pound and a gold (Au) price at US$700 per ounce, a seasonally operated 125 tons per day concentrating plant could ship stibnite concentrates during a five year mine development period. The net present value (NPV), using a 4.0 percent interest on investment, amounts to US$7,589,441. An NPV, using a 6.0 interest rate on investment, is US$6,478,071. The internal rate of return (IRR) is calculated to be 31.2 percent for the Base Cash Flow case study. Other alternative assumptions were modeled including 1) reduced metal recovery; 2) ore dilution; 3) reduced metal recovery coupled with dilution of ore. All of these scenarios generated IRR values ranging from 25.2 to 29.4 percent, and all indicated positive NPV values, and favorable return on investment. Price sensitivity assumptions were also further explored in the economic analysis, which confirmed that antimony drives the project.
The QP also chose to modify inferred Sb and Au resources estimates on the Pringle Bench, which results in amendments to Figure 17.10, Table 17.15 (page 103), Table 17.16 (page 107), and Table 1.3 (page 16), of the Technical Report which may be viewed on www.sedar.com, www.sec.gov/edgar.shtml or the Company's website, www.silverado.com. The changes were made upon further review of the distance between drill control points used in a polygonal analysis of the inferred resources on Pringle bench. As a result, inferred resources in the Nolan Creek area as reported in the Technical Report changed from 27,697 tons grading 12.26 percent antimony and 0.230 oz/ton gold to 24,077 tons grading 12.45 percent antimony and 0.245 oz/ton gold. This results in reductions of 12 percent and 8 percent of in-place inferred resources of antimony and gold respectively.
The measured reserve estimates on Workman's Bench, on which the pre-feasibility study was based, have not changed.
The amended inferred resource estimates for the Pringle Bench and Nolan areas are shown below:
Summary of Amended Inferred Antimony and Gold resources from 'A' and 'West' Zones, Pringle Bench
Category
Cut-Off Grade (% Sb)
Quantity
(tons)
Grade
(% Sb)
Metal
(ton Sb)
Grade
(oz/ton Au)
Metal
(oz gold)
'A' Vein Inferred
4.0
737
29.13
214.7
0.113
83.4
'West' Vein Inferred
4.0
1,951
9.86
192.3
0.049
94.7
TOTALS
4.0
2,688
15.14
407.0
0.067
178.1
Notes:
The effective date of these resources is January 1, 2009; amended June 1, 2009
Rounding may result in some discrepancies.
No processing recovery factors have been applied to these resource figures.
The unit ton refers to short tons.
Cut-off grade is 4.0% Sb 'equivalent', which is the combined
values of gold plus antimony expressed in terms of antimony
Silverado's amended, inferred lode mineral resources, Nolan Creek area
Resource Category
Cut-off grade
(% Sb)
Quantity
(ton)
Grade
(% Sb)
Metal
(ton Sb)
Grade
(oz/ton Au)
Metal
(oz Au)
Inferred
4.0
24,077
12.45
2,997.6
0.245
5,894.7
Notes:
The effective date of these resources is January 1, 2009; amended June 1, 2009.
Rounding may result in some discrepancies.
No processing recovery factors have been applied to these resource figures.
The unit ton refers to short tons.
Cut-off grade is 4.0% Sb 'equivalent', which is the combined values of gold plus antimony expressed in terms of antimony
Other Amendments to the Technical Report made by the QP include: 1) the addition of permitting and regulatory information in Sections 4.3 and 18.5; 2) clarification of data presented in the Mineral Processing and Metallurgical Testing (Section 16); and 3) providing a project budget estimate for a 5,000 foot core drilling program that was recommended in Section 20 of the January 1, 2009 Technical Report. The drill program will seek to add further confidence to Sb and Au resource estimates on Workman's Bench and Pringle Bench.
Assumptions, Methods, and Parameters
The QP estimated mineral resources using the following steps:
Personal inspection of both Workman's Bench lode-style and the Nolan Creek placer-style gold properties during 1994, 1999, 2004, and 2006 to 2008.
Database compilation and data validation.
Geological interpretation and modeling.
Compositing assay intervals to a common length.
Determination of average material density for both lode and placer properties.
Analysis of grade variability.
Polygonal estimation of grade by compositing of sample assay information taken within designated widths and lengths of mineralized zones.
Assignment of appropriate cut-off grades, the lowest grade that can be mined economically.
Classification of confidence in the estimates with respect to CIM (2005) guidelines.
Mineral resource tabulation and validation of the resource estimate.
Data Verification
During numerous personal inspections of the Nolan Creek properties (2007 to 2008) the QP has observed sample collection and sample preparation practices for lode-style deposits.
On June 13 and 14 and September 28 and 29, 2008, the QP visited Nolan Camp and examined all significantly mineralized core intervals acquired from the 2007 and 2008 exploration of the Workman's Bench property. A total of 124 mineralized intervals were examined. The analytical data was compared with each of the mineralized zones to confirm the elevated antimony and gold values in the sampled intervals.
Drill core intervals were checked through re-assay and inspection. The QP is satisfied that the sampling and analysis of drill core was carried out in a sound manner.
Selected field duplicates of sampled intervals, two from underground channels, and one from a trench, were submitted by the QP to an umpire laboratory (Alaska Assay Laboratories LLC) to check analytical results from ALS Chemex. In as much that the samples are collected by different individuals at different times and analyzed by different labs, the QP judges that results from this limited comparison indicate acceptable levels of bias and accuracy for gold and antimony values and confirm the existence of mineralization.
Qualified Person
The information contained in this news release was prepared by Thomas K. Bundtzen, P.Geo, BS, MS, CPG-10912, ABSLN # 279639, President of Pacific Rim Geological Consulting, Inc. of Fairbanks, Alaska, who is independent of the Company as defined by NI 43-101. Bundtzen is a Certified Professional Geologist with the American Institute of Professional Geologists. Bundtzen is a "Qualified Person" as defined by NI 43-101 and also qualifies under the rules stated by the U.S. Securities and Exchange Commission ("SEC"), and has verified the data contained in this news release for accuracy.
What I saw was when the ele. is done it could be fired up there was some safety things that needed touched up like guard rails in a couple of places I don't know if the water is working yet. A guess would be early spring or mid winter.
I'll be looking to buy again Wed. looks like that dip is boyyoming out for next rise steady as she goes.
Thanks bob lembo:
LAKEWOOD, CO--(Marketwire - 09/15/09) - Colorado Goldfields Inc. (OTC.BB:CGFIA - News) is pleased to announce that the Company Executives' interview on the "Big Biz Show," which originally aired on September 9, 2009, is available on the Company's website:
http://www.cologold.com/uploads/2009-09-09_BigBizShow.wmv.
In addition, the Company is pleased to provide an update of the 2009 work plan for the Brooklyn Mine acquisition.
The existing historic resource estimate for the Brooklyn Vein offers Colorado Goldfields a prime opportunity to develop a near-term minable reserve through confirmation and step-out diamond drilling. The expected resource blocks are located below the Number 2 Level of the mine and occur as down-dip extensions of known ore shoots. Most importantly, these ore shoots are open at depth and the continuity of mineralization is indicated by historic ore grade (0.10 to 2.13 ounces per ton of gold) drill intercepts over composite 4 foot mine widths. Colorado Goldfields will perform mapping and infill sampling of the Number 2 Level drift to support and guide diamond drilling from the surface to confirm and guide expansion of these important resource blocks.
Colorado Goldfields' personnel have completed an extensive review of all available information concerning the exploration, past production, and the existing historic resource estimate (14,535 oz. gold $14.5 million at $1000/oz.) of the project area, and have developed a specific and dynamic strategy for exploration.
In total, the Brooklyn property consists of approximately 600 acres of patented and unpatented mining claims centered on the Brooklyn Shear Zone. Surface reconnaissance of known mineralized areas, a geochemical soil survey, and a geophysical magnetic surveying are planned for late 2009 in order to assess the scale of any unrecognized mineralization.
Through historic data review and collaborative field work, we have identified three major geologic targets for detailed exploration -- Rainbow, Gloucester, and Frankie.
The Rainbow Shear Zone parallels the Brooklyn Vein to the northwest, and has yielded historic high-grade gold values in several locations both on the surface and underground.
The Gloucester Vein is a prominent structure that crosses the Rainbow and Brooklyn Veins and has historically returned numerous ore-grade sample results in prior exploration. The Gloucester Vein also produced significant high-grade ore (over 1.0 ounces per ton gold) where it was mined on the Number 2 Level of the Brooklyn mine.
The Frankie target is a small adit located on the SW end of the Rainbow Shear. All of the targets are open along strike and dip, and have never been drill tested in either capacity.
The table below presents sample data and assay results of these exploration targets.
�
Target Gold (opt) Silver (opt) Width (ft) Location
Rainbow 2.69 4.85 0.5 Surface Trench
Rainbow 0.176 5.19 3.7 143' x-cut
Rainbow 1.218 1.67 2.4 143' x-cut
Gloucester 0.380 6.62 0.5 Drift
Gloucester 2.644 1.66 1.5 Drift
Gloucester 0.652 4.39 1.1 Drift
Frankie 1.376 88.78 1.42 Prospect adit
Rainbow 0.444 2.16 1.1 143' x-cut
Rainbow 0.108 0.87 10.0 143' x-cut
- Sample results taken from Brooklyn Mining Company exploration completed
in summer 1984. All sample results are taken from assay reports of Root
and Norton Assayers of Silverton, Colorado. All sample locations taken
from field notes and summary reports of field geologists involved.
Proposed work for the remainder of 2009 includes detailed mapping and extensive sampling of accessible structures, outcrops, and prospects related to the Rainbow Shear and Gloucester Vein zones to generate diamond drill targets for follow-up exploration.
In an all-stock transaction, Colorado Goldfields will lease with an option to purchase the Brooklyn properties in exchange for shares of Class A Common Stock. The acquisition is of course subject to mutual due diligence. The due diligence period extends to September 30, 2009.