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CGFIA News" Colorado Goldfields Launches Pride of the West Mill 3D Animation, CEO Lee Rice and CFO Stephen Guyer Featured on "The Big Biz Show" With Russ and Sully
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http://www.marketwatch.com/story/colorado-goldfields-launches-pride-of-the-west-mill-3d-animation-ceo-lee-rice-and-cfo-stephen-guyer-featured-on-the-big-biz-show-with-russ-and-sully-2010-05-12?reflink=MW_news_stmp

LAKEWOOD, CO, May 12, 2010 (MARKETWIRE via COMTEX) -- Colorado Goldfields Inc. /quotes/comstock/11k!cgfi.a (CGFI.A 0.00, +0.00, +6.25%) announced today that its President and CEO Lee R. Rice and CFO Stephen Guyer were featured in a live television and radio interview on "The Big Biz Show with Sully and Russ T Nailz," on May 11, 2010.

Guyer and Rice updated listeners with current events of the company, which include the release of a sophisticated 3D animation of the Pride of the West Mill. Like never before, this three-dimensional presentation takes the viewer through the entire milling process in a way that can't even be seen in person. "This presentation is a way to see and understand how to turn ore into gold in a very realistic way," stated Lee Rice, President & CEO of Colorado Goldfields.

The 3D presentation may be viewed at:

The Big Biz Show interview may be found at: http://www.cologold.com/uploads/2010-05-11_Big_Biz_Show.wmv

The Pride of the West Mill is a modern gravity, flotation and cyanide leach mill located on 120 acres, with offices, laboratory and water rights. The Mill has the capacity to refine up to 700 tons per day.

The Pride of the West Mill is especially valuable since it is the only production size mill in the entire regions of Southwestern Colorado, Northwestern New Mexico, Northeastern Arizona, and Southeastern Utah. These many regions comprise thousands of miles of land area. Within just a 50 mile radius of the mill there are over 1,000 mines and many gold and silver mining companies, some with live mining operations and multiple mining properties and others in progress with reactivation. Of the several hundred junior mining companies in North America, Colorado Goldfields enjoys the distinction of being the only one with the capability to perform its own milling. Milling is the process of extracting gold and silver from ore that has been drilled and removed from the mine itself. Every mining operation needs milling to be able to eventually produce and sell its gold and silver.

"Assuming approximately $750,000 in new funding to re-activate the mill, toll milling will generate $6 million in gross revenue over the next 24 months. During that time, exploration and development of the Company's own mines will continue, and subject to additional development capital, the Company will begin milling its own ore in June 2011. At that point the Company is full speed ahead toward a five year projected $125 million cumulative net cash flow. The mill becomes the cash flow engine that feeds additional mine acquisitions expanding our 'enterprise value' model over time," stated Guyer.