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Sorry all my last was ment for another board. SNDXF Is a great stock and has gtreat managment as well.
why are markets closed again on monday?
Not a chance I will be buying as well, I was just tryin to fan the flames of enthusiasm around here I see it's working! This stock has great potencial I just don't like managments tactics or lack there of IMO. Not to mention Im inpatient lol.
All IMO though
It's not strange WAKE THE FXXK UP (IT'S A SCAM OR INCOMPITANT MANAGMENT EITHER WAY THIS STOCK IS A WAIST OF TIME AND MONEY)
Every month we are waiting on some new piece of bs new's that only ever aounts to waiting on more news! It's like everyone here has a bad case of stockholm syndrome it's sad.
Hey MT, It could not be possible this 10Q is just more smoke and mirrors could it? Oh and right around that magic jan 15 date too.
hey MT can you say more smoke and mirrors?
What is all this 35 bill talk?
Sounds good, and we will revisit this issue on the 15 next month.
I it sounds like more delays and smoke and mirrors
so does this mean we just got put off another month on the mill permit?
Colorado Goldfields Inc. Convenes Summit With Senior Consulting Engineering Team; Sets Final Design Completion Date of January 15, 2012
1 hours 43 minutes ago - Marketwire via Comtex
Colorado Goldfields Inc.'s (OTCQB: CGFIA) (PINKSHEETS: CGFIA) Special Consulting Engineer, Stephen C. Fearn recently talked with engineer Wayne Dale, who is completing the final piece of the Company's upcoming reclamation permit amendment submission to the Colorado Division of Reclamation, Ming and Safety ("Division").
Mr. Fearn: What work is required to complete the design of the Dry Stack Tailings Repository?
Mr. Dale: The Avalanche Study has been completed and with the completion of the Avalanche study new design considerations were identified which are now being addressed. We now need to finish the design of the containment system. With the completed design of the containment system we will address the issues necessary to assure the Division of the stability of the tailings repository during the different stages of tailings placement and for final site closure. This will be addressed by the results of the seismic study which is currently in progress. The last phase of the containment design will incorporate features in the embankment design to ensure protection from the 100 year flood event.
Mr. Fearn: What is the initial designed size and capacity of the dry stack repository?
Mr. Dale: The initial design capacity of the first cell is approximately 100,000 tons. The expected capacity of the first unit (cells 1 and 2) will be approximately 250,000 tons. The first cell will be approximately 200 feet wide and 500 feet long. The second cell will be approximately 200 feet wide and 400 feet long. After completion of cells 1 and 2, additional tailings will be placed into the volume between the two cells. This develops approximately 7 acres of the 35 acre repository site.
Mr. Fearn: Why is it important and what problems do we avoid by completing each of these items prior to submitting the permit amendment application?
Mr. Dale: The most important thing to do is submit the most complete and detailed Permit Amendment to the Division for their review. This will allow the Division to do a onetime comprehensive review of the amendment, rather than having to pass-through the entire submittal multiple times. This has been a common mistake in the past.
Mr. Fearn: What is the schedule for completion of these items and is their completion interdependent?
Mr. Dale: With the completion of the avalanche study, all inter-dependencies have been removed. We estimate that the final design for inclusion in the permit amendment application will be completed by January 15, 2012.
Mr. Fearn: How does providing a complete design to the Division of Reclamation, Mining and Safety with the Permit Amendment Application reduce the time required for Permit Approval?
Mr. Dale: One of the reasons that permitting can take so long (as we've seen with other operators in the area), is that designs are submitted on a conceptual level with references to "further detailed analysis later." All this does is slow the evaluation process. A one-time comprehensive review will eliminate multiple submittals, which are in the form of answers to "adequacy issues." Each one of those can add weeks to approval process. We are going to avoid that.
Mr. Fearn: How is the current dry stack design providing superior protection to the environment? And does it provide better utilization of the overall repository site than in the original proposed design?
Mr. Dale: The new design will demonstrate to the Division that Colorado Goldfields is concerned for the protection of the environment by: 1) Protecting the Animas River from the potential of an accidental spill and the resulting degradation of water quality by contaminants; 2) Protecting the construction site from precipitation on the tailings pile during placement of the tailings; and, 3) Placing a protective cap over the dry-stacked tailings at the completion of each major section of the repository, minimizing the additional work required for final reclamation when the milling process is completed and the site is closed. The new design will provide for better utilization of the site by increasing the individual cell capacity and reducing the number of individual cells. More site volume can be utilized for mill tailings disposal and less borrow material and construction time will be required in the construction of perimeter berms.
Gold stocks
About Colorado Goldfields Inc. Colorado Goldfields Inc. (OTCQB: CGFIA) (http://www.cologold.com) is a Denver-based junior exploration and mining company primarily exploring for gold and silver. Our seasoned management team targets historic gold camps with strong potential for multiple deposit discoveries. Currently, our business model in Colorado provides an outstanding combination of former producing properties with excellent exploration and production potential and a currently inactive, modern, up to 700 ton per day capacity mill facility to allow for an attractive short-term production time frame. We expect that this strategic plan will allow Colorado Goldfields to reach its goal of profitability, potentially within the next 18 months.
The Company has made available a current CGFIA Fact Sheet in PDF format at http://www.cologold.com/uploads/CGFIFactSheet.pdf.
Notice regarding forward-looking statements This news release may contain forward-looking statements or information within the meaning of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements or information includes statements regarding the expectations and beliefs of management. Forward-looking statements or information include, but are not limited to, statements or information with respect to known or unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Forward-looking statements or information are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, risks and uncertainties relating to obtaining financing to meet the Company's exploration program and operating costs during its exploratory stage, the interpretation of exploration results and the estimation of mineral resources and reserves, the geology, grade and continuity of mineral deposits, the possibility that future exploration, development or mining results will not be consistent with the Company's expectations, accidents, equipment breakdowns, title matters, or other unanticipated difficulties with or interruptions in production and operations, the potential for delays in exploration or development activities or the completion of feasibility studies, the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations, currency fluctuations, regulatory restrictions, including the inability to obtain mining permits and environmental regulatory restrictions and liability, the speculative nature of mineral exploration, dilution, competition, loss of key employees, and other risks and uncertainties, including those described under "Risk Factors" in the Company's Annual Report on Form 10-K filed on November 23, 2011, which is on file with the Securities and Exchange Commission at http://www.sec.gov/Archives/edgar/data/1344394/000095012311100285/0000950123-11-100285-index.htm, as well as the Company's other SEC filings. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. The Company does not undertake any obligation to release publicly revisions to any "forward-looking statement," to reflect events or circumstances after the date of this news release, or to reflect the occurrence of unanticipated events, except as is required under applicable securities laws.
Cautionary note to U.S. Investors -- The United States Securities and Exchange Commission permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms on this website (or press release), such as "measured," "indicated," and "inferred" "resources," which the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. U.S. Investors are urged to consider closely the disclosures in our 10-K which may be secured from us, or from the SEC's website at http://www.sec.gov/Archives/edgar/data/1344394/000095012311100285/0000950123-11-100285-index.htm, his press release may contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. Investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties.
Contact:
Investor Relations
Colorado Goldfields Inc.
866-579-9444
or
303-984-0524
http://www.cologold.com
SOURCE: Colorado Goldfields Inc.
what is vfin??
90 mill in volume first 30 min wow!
what makes everyone so sure tomorrow means something? Im confused?
here is the str8 dope on gold&silver this is what we are waiting for!!
silly question but could someone tell me how to find how many are buy's and how many are sell's every day?
Is it just me or does this not sound like a guy who makes bad calls in the mining industry? Im confident im in the right place.
Mr. Lee R. Rice has been the President of Colorado Goldfields, Inc., since September 16, 2008 and serves as its Chief Executive Officer. Mr. Rice is the Owner of Rare Earths Limited, LLC. He founded Data Technology Services, Inc., and has been its Chief Engineer and Vice President since 1995. He serves as an Executive Officer of IBC Advanced Alloys Corp. Mr. Rice joined Data Technology Services, Inc. in 1990. He is an experienced geological engineer, having worked as a geologist and engineer in the natural resources industry since 1970. He served as Interim Chief Executive Officer of Colorado Goldfields, Inc., since September 12, 2008. He served as the President of Data Technology Services, Inc., from 1993 to 1995. Prior to this, he held various geological, engineering and management positions with the U.S. Bureau of Mines and private industry. He served as an Exploration Geologist at Humble Oil and Refining Co. (Exxon), Western Metals Division, since 1970. Mr. Rice served within the National Council of Examiners for Engineers and Surveyors (NCEES) for 23 years from 1978 to 2001, writing and grading the national Mining and Mineral Processing professional engineering examination. He served as the President of the Colorado Engineering Council. He serves as Chairman of the Board of Colorado Goldfields, Inc. He served as Regional Vice President and Director of SME, and served as Chairman of the Mining and Exploration Division of SME. He served as Chairman of the Colorado Section of SME (the Society for Mining, Metallurgy, and Exploration). Mr. Rice has been a Director of Colorado Goldfields, Inc., since July 31, 2008. He served as a Director of IBC Advanced Alloys Corp. (alternatively International Beryllium Corporation) from November 23, 2007 to May 25, 2011. He is a Member of the Colorado Engineering Council. He is a member of the Colorado Engineering Council, the Geological Society of America, Sigma Xi the Scientific Research Society, the Society of Economic Geologists, and the Society for Mining, Metallurgy, and Exploration (SME). He made numerous technical presentations at professional society meetings and has been a contributing author or editor of several publications. Mr. Rice has been a Registered Professional Engineer in Colorado for more than 30 years and is a Registered Member of the Society of Mining, Metallurgy and Exploration. Mr. Rice holds a Bachelor of Science degree in Chemistry from Case-Western Reserve University and a Master of Science in Geology and Geological Engineering (with High Honors) from South Dakota School of Mines and Technology.
Who is this night you so often speak of?
I mean really, what would I do with 25 mil? I just want my 80 acres and a mule and im good:)
If it goes to 3$ I may not live past the heart attack to enjoy it!!
well at 0.25 il have a cool two mill and be content:)
You think? Maybe up to .0006 at best I think, Im waitn for at least 0.25 or better;)
is anyone home?
I ment american sierra lol
do you know if that info on wildcat came out today?
did everyone get raptured or something?
lol know's something you don't
maybe guyer something you don't about the near finacial future of this company:)
Sure it's old but points the ground hog dayishness of this stock does it not?
Has anyone ever seen this article?
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» Resurrecting mining in Silverton
Resurrecting mining in Silverton
San Juan County signs off on Pride of the West Mill
The San Juan Mountains surrounding Silverton may once again be seeing a mining boom. With gold at $1,200 an ounce, modern-day prospectors are looking to make a buck off the area’s mineral deposits. Last week, San Juan County gave its blessing to the reopening of the Pride of the West Mill, in Howardsville. If approved, the mill could process up to 700 tons of ore per day./Photo by Stephen Eginoire
by Missy Votel
With gold prices skyrocketing, interest in mining around Silverton is once again heating up. However, doubts remain as to whether a local ore processing operation can strike it rich before going bust.
Last week, San Juan County commissioners unanimously endorsed Colorado Goldfields’ plans to reopen the Pride of the West Mill in Howardsville, a few miles north of Silverton. In a letter dated April 28 to the Colorado Division of Reclamation, Mining and Safety, San Juan County chairman Ernie Kuhlman expressed support for approval of the mill’s permit, stating, “Having the Pride of the West Mill properly permitted and operating will be very beneficial to the local and state economy … (and) encourage additional mining in the area.”
The Lakewood-based Colorado Goldfields bought the 120-acre property in 2007 from Tusco. The Pride of the West, which has operated intermittently since a major renovation in the 1980s, would have a capacity to refine up to 700 tons of ore per day, according to Goldfields. The mill would be the only ore-processing plant in Southwest Colorado and the Four Corners region.
Although no mining would be done directly on site, Colorado Goldfields says it has interest from dozens of small mines in the region looking for processing. According to the company, there are more than 1,000 mines within a 50-mile radius of the mill. “There are several permitted mines around the area that don’t have anywhere to go with their ore,” said Goldfields Director of Operations John Ferguson. “We’ve been talking to them for some time and there are some mines in San Juan County we will be doing processing for.”
Colorado Goldfields is also involved in mineral exploration of its own throughout the region, Ferguson said. Last November, it signed a lease with option to buy on the Brooklyn Mine. When fully functional, Pride of the West could employ 15 to 20 people, with dozens more working in nearby mines, according to Ferguson.
San Juan County commissioner Peter McKay said county officials and residents are in favor of reopening the mill, provided it is in keeping with proper environmental protection and safety measures.
“I think everyone is open to the possibility of mining coming back, but it would have to be done in an environmentally correct and sensitive way,” said McKay. “It will be much cheaper to have ore processed here than having it shipped.”
The most recent major mine in operation in Silverton was the Sunnyside, which closed in 1991.
Colorado Goldfields submitted a 500-plus application to the DRMS in February for a 60-day review. A final verdict could be delivered as soon as May 20. “It could be finalized next week, but we may be another 30 days out,” said Ferguson.
Among the state’s primary requirements was a new, double liner for the mill’s tailings pond; a tailings pond leak-detection system; a new, impermeable pad for the raw ore; and upgrades to mill buildings to contain all fluids in the event of a tank failure. Ferguson said the property, which came with water rights, will use a gravity concentration method of extraction. Although the mill also has a cyanide leach plant, he said Goldfields does not anticipate using it. “Heap leach cyanide is not in our vocabulary,” he said. “We’ll probably do a little with the high-grade concentrate, but for the most part, it doesn’t work on our type of ore.”
Upgrades are expected to cost about $700,000, and Ferguson said the goal is to start work on activities that do not require state approval, such as clean up and mechanical fixes, this summer. “We can’t do milling until we get construction approval, then we’ll have to do the construction and pass inspection of our environmental protection facilities.”
The tailings pond alone will require several weeks of work, he said.
However, the permitting process could be a moot point if Colorado Goldfields fails to secure capital for the project. In a Jan. 11 filling with the Securities and Exchange Commission, the company said it was looking to raise additional capital in the near term. “We were formed in 2004 and have primarily had limited activity,” the filing stated. “Since we have received no revenue from the production of gold or other metals, we have not generated cash flow from operations.” Since going into business, the company has yet to make a profit, with the majority of income coming from stockholders, personal loans and equity financing. Last November, Colorado Goldfields’ auditor expressed doubt that the company could continue “as a going concern,” i.e. continue to operate into the foreseeable future. Furthermore, the company is mired in a lawsuit with former president Todd Hennis over ownership of the Mogul and Gold King mines, and a promissory note in excess of $700,000 for Pride of the West is due June 29.
San Juan County commissioner McKay admitted that the company will need to be in good financial shape before proceeding. “Right now, everything is on hold. We sent the letter and are waiting on the permitting process.”
Ferguson said Colorado’s stringent environmental regulations, combined with the bad economy and shortage of staff at the DRMS, have slowed down the approval process. However, he is hopeful once regulatory compliance is complete, cash will start flowing. “I’m confident that once we have approval, financing will follow.”
According to the company’s website, a “U.S.-based investor group” is intending to begin mining north of Ouray this summer and visited the mill site in late April. The investor group is currently in negotiations with Goldfields about putting $500,000 and $700,000 for facilities improvements, tailings ponds, electrical upgrades and new drainage that will “greatly accelerate” the project.
Colorado Goldfields stock was trading at a little more than one-tenth of a cent this week while gold was going for $1,200 and ounce.
“If ever there was a time to start mining gold, this would be the time,” said McKay. “Nobody’s feeling there’s a downside.”
some good info for the cgfia optimists out there.
If you want to understand the potential of this stock understand the potential of it's asset's. Here is a link to help that into perspective.
Sorry got side tracked here is the link.
http://www.youtube.com/user/ubbabobbatunday
Also check out my youtube page lots of good stuff there.
I also would not be surprized to see one day see Alto Holdings Inc become another of cgfia's assets.Remember to alway's keep your thinking cap's on:)
I was just pointing out what I found, I own 10,000,000 shares myself I am confident we will do well over the next 18 mounths:).
Also lets not forget gold and silver are expcted to climb quite significantly as well over the next year or two. I keep askin but no answers yet, does anyone here know anything about the other company lee rice sits on the board of (Alto Holdings Inc).
Surfers got it right. Like said yesterday there is less distance between me and mars than thereis between where gold is now and where it's going!! Go long and stay long!