Colorado Goldfields Inc. (fka CGFI)

[567tbd]

CGFIA-DD-NOV,SEPT,AUGUST,JULY,JUNE,MAY & APRIL ACTIVITY, Updated 11/15/11

-Samples @ the Lab, Assays/Proven Reserves Report Coming

-11/1/11Colorado Goldfields Inc. and American Sierra Gold Execute Merger MOU

http://www.bloomberg.com/apps/news?pid=conewsstory&tkr=CGFIA:US&sid=aVGpE2wd07DA

-9/29/11-Colorado Goldfields Inc. Completes King Solomon Exploration Program for 2011 -- $20 Million Historic Silver Resource Comes Into View

http://www.bloomberg.com/apps/news?pid=conewsstory&tkr=CGFIA:US&sid=aiWFQBcVtKrU

-9/28/11-Colorado Goldfields Inc. Completes This Year's Brooklyn Mine Exploration Plan -- a $22 Million Estimated Resource

http://www.bloomberg.com/apps/news?pid=conewsstory&tkr=CGFIA:US&sid=aSPFEz93JMeA

-9/21/11-Colorado Goldfields Inc. Launches NI 43-101

http://www.bloomberg.com/apps/news?pid=conewsstory&tkr=CGFIA:US&sid=aQVZp99_8BY0

-8/9/11-Colorado Goldfields Inc. Completes First Steps of $400,000

http://www.bloomberg.com/apps/news?pid=conewsstory&tkr=CGFIA:US&sid=azbSEkGRr5YQ

-8/8/11-Work Plan

http://drmsweblink.state.co.us/drmsweblink/0/doc/936332/Page1.aspx?searchid=704bfd07-7f26-4405-aa23-072da7605931

-8/8/11-Approval of Work Plan

http://drmsweblink.state.co.us/drmsweblink/0/doc/936333/Page1.aspx?searchid=704bfd07-7f26-4405-aa23-072da7605931

-8/4/11-Colorado Goldfields Inc. "Gold Dynamics in the News Part 10"

http://www.bloomberg.com/apps/news?pid=conewsstory&tkr=CGFIA:US&sid=a9UR3iFA52AY

-8/3/11-Colorado Goldfields Inc. Completes Geotechnical Drilling;

http://www.bloomberg.com/apps/news?pid=conewsstory&tkr=CGFIA:US&sid=ab9Z2P0xN1sI

-8/2/11-Colorado Goldfields Inc. Advances Expert Exploration Program

http://www.bloomberg.com/apps/news?pid=conewsstory&tkr=CGFIA:US&sid=ayNm1PD4.a_0

JULY Activity

-7/15/11-Colorado Goldfields Inc. Acquires Utah Payday and Rage Uranium

http://www.bloomberg.com/apps/news?pid=conewsstory&tkr=CGFIA:US&sid=amJj8NdzyPbU


-Colorado Goldfields Inc. Pride of the West Mill Financial

http://www.bloomberg.com/apps/news?pid=conewsstory&tkr=CGFIA:US&sid=a38BbzbR5TAo

-State of Colorado DRMS Approved Work Commences

Gold Stocks

LAKEWOOD, CO -- (Marketwire) -- 07/14/11 -- Colorado Goldfields Inc. (OTCQB: CGFIA) (PINKSHEETS: CGFIA) announced on July 12, 2011, that it had satisfied the Joint Stipulation, dated February 4, 2011, between the Company and the Colorado Division of Reclamation, Mining and Safety ("DRMS").

The Division has also approved 9 separate work activities at the site. Local contractor Maisel Excavation has begun work to replace water pipelines and prepare the site for executing reclamation of the tailings ponds in accordance Technical Revision 11 to the permit. Technical Revision 11 was approved on June 27, 2011.

Furthermore on June 3, 2011 Colorado Goldfields submitted a Notice of Intent to Conduct Prospecting Activities ("NOI"), on its 35-acre dry stacking site. This notice describes the necessary work to be performed pursuant to constructing the major portion of Amendment No. 3 to the reclamation permit. The DRMS approved this NOI on June 21, 2011.

As part of the geotechnical investigation, Registered Engineer David Trautner will use truck mounted drilling equipment to perform the field exploration. Auger test bori ngs will be performed on the project site to a depth of 60 feet. SPT tests will be performed in the test borings at intervals of five (5) feet. The subsurface information obtained during the field study will be used to determine the stability of the substrate. Soil samples will also be tested in a laboratory for the necessary indications of stability.

The laboratory tests include:

-- Moisture content and dry density,
-- Three (3) Atterberg Limits tests which are used for general
classification purposes of the samples tested, and,
-- Three (3) Sieve analysis tests to assess the grain distribution.
The test holes will be closed and sealed in accordance with State of Colorado DRMS procedures that will protect ground water resources.

-7/8/11-Clarification of plans approval (TR-11)

http://drmsweblink.state.co.us/drmsweblink/0/doc/935078/Page1.aspx?searchid=704bfd07-7f26-4405-aa23-072da7605931

Gold stocks

-Colorado Goldfields Inc. Funds Bond Increase to $515,000

http://www.bloomberg.com/apps/news?pid=conewsstory&tkr=CGFIA:US&sid=al_BYewXP5f0

JUNE Activity

-Colorado Goldfields Inc. Acquires Utah Payday and Rage Uranium June 28, 2011

http://www.bloomberg.com/apps/news?pid=conewsstory&tkr=CGFIA:US&sid=amvVM1tfA51E


-CGFIA-Purchase Agreement with Algae Farm (USA), Inc. For URANIUM MINING CLAIMS

Item 1.01 Entry into a Material Definitive Agreement.
On June 13, 2011, we entered into a Purchase Agreement with Algae Farm (USA), Inc. for 63 claims located in San Juan County, Northeast of Monticello, Utah.

The claim group consists of 63 (55 Payday & 8 Rage) claims, located in Township 32 South, Range 24 East, Sections 25, 26, 35 in San Juan County, Utah. The terms of the agreement include the issuance of 250,000,000 restricted shares of Class A common stock in Colorado Goldfields with two blocks of 125,000,000 shares each subject to lock up provisions for periods of 1 and 2 years respectively, during which no sales or other conveyances may be undertaken.

-SEC 8K Filed link below

http://www.sec.gov/Archives/edgar/data/1344394/000095012311059647/c18883e8vk.htm

-CGFIA-About Russell Industries/Algae Farm

Russell Industries is a developing alternative and renewable energy company. The Company is the majority owner of 255 unpatented Uranium mining claims in San Juan County in Southern Utah. The Company is also pursuing development of a commercial scale algae production facility through its wholly owned subsidiary, Algae Farm, LLC.

During 2010, the Company assessed and determined that the entire balance of its Unpatented Mining Claims in the amount of $324,807

-Uranium Mining has only just begun to come back in the last year and a half, with some major players receiving Permits, including;

Laramide files for operating permits for reopening of its La Sal uranium mine in Utah: On Jan. 6, 2011, Laramide Resources announced that in late October of 2010, Laramide submitted a Notice of Intent to the United States Bureau of Land Management (BLM) to reopen its La Sal II mine located in San Juan County, Utah. This action followed the closing of the acquisition of the La Sal Project in September 2010 from Homestake Mining, a wholly owned subsidiary of Barrick Gold Corporation.
Concurrent with the BLM application, Laramide also submitted a Notice of Intent to the State of Utah, Division of Oil and Gas and Mining, for a Small Mine Permit (applicable where the surface disturbance area is less than 5 acres).
The La Sal Project was previously permitted and developed by Homestake in the late 1970s and an existing 1,200 meter access drive should facilitate a rapid startup scenario once permits are granted; the site is 60 miles from Denison Mines' White Mesa mill at Blanding, Utah - one of only four permitted mills in the USA.

La Sal #2 mine to be reopened for ore "sampling": On April 15, 2011, BLM Utah announced that Laramide La Sal Inc. proposes to reopen the La Sal #2 Mine to conduct an uranium sampling project under a mining plan of operations.
The La Sal #2 mine was reclaimed in the 1980s. The underground sampling project is proposed to confirm the geologic and metallurgic character of the mineral resource. The sampling program calls for the removal of approximately 10,000 to 20,000 tons of presumed ore that would be transported and processed at the White Mesa mill.

-Daneros uranium mine project, San Juan County

Uranium producer Denison Mines has secured 58% of White Canyon Uranium Ltd, after making a friendly offer for the company in February, valuing it at C$56,6-million. (Mining Weekly May 4, 2011)

First uranium from Daneros mine milled at White Mesa mill: On Jan. 24, 2011, White Canyon Uranium Limited announced that 39,289 tons (35,635 tonnes) of ore was milled at the White Mesa Mill over the period Nov. 1, 2010 to Dec. 10, 2010. The ore with an average grade of 0.28% U3O8 (0.24% U) yielded 204,450 pounds of U3O8 (78.6 t U) at a recovery rate of 94.06%.

On Oct. 14, 2010, White Canyon Uranium Limited announced that it has entered into a "Sales Agency Agreement" with Canadian based Denison Mines Corp., to handle the sale of White Canyon's concentrate from its 100% owned Daneros Mine. It is anticipated that sales could commence as early as December 2010.

CGFIA-Saudi Arabia's Nuclear Ambitions Part of Broader Strategy

Saudi Arabia's recent announcement that it plans to build 16 large reactors by 2030 may have seemed incongruous in the wake of the Fukushima crisis. In fact, it actually buttresses the Middle East's current trajectory as a major future market for nuclear energy and underscores the continuing attractiveness of nuclear power for industrially underdeveloped economies. Moreover, given the sheer size of the plan -- well more than $100 billion will go to the reactors alone -- Riyadh is in a position to set terms and use the project to enhance new partnerships while balancing old ones.

The kingdom's interest in nuclear energy is often traced to its rivalry for regional leadership with Iran and Riyadh's unwillingness to be outstripped by Tehran's nuclear prowess. But Saudi nuclear ambitions crystallized in the run-up to the 2009 Copenhagen Summit, when it realized that global efforts to control climate change could end up punishing countries that put off including noncarbon-based energy sources in their power portfolios. In April 2010, King Abdullah issued a royal decree stating, "The development of atomic energy is essential to meet the kingdom's growing requirements for energy to generate electricity, produce desalinated water and reduce reliance on depleting hydrocarbon resources." Left unsaid is that those depleting hydrocarbon resources would be put to better use generating export revenue to facilitate the modernization of the Saudi economy rather than meeting the kingdom's growing domestic electricity requirements. Saudi Arabia is at present experiencing 6-8 percent annual growth in electricity demand and will need to put in place 60,000 megawatts of new capacity by 2020. ...

-CGFIA-BONDING is Payed In Full

Colorado Goldfields Inc.
9 June 2011
Colorado Division of Reclamation, Mining & Safety
Colorado Mined Land Reclamation Board
1313 Sherman St Ste 215
Denver, CO 80203-2242
RE: Pride of the West Mill, Permit No.: M-1984-049
Payment and full satisfaction of Order of February 23, 2011
Ladies and Gentlemen:
On February 23, 2011, the Colorado Mined Land Reclamation Board ("Board") signed
the Amended Findings of Fact, Conclusions of Law, and Order ("Order") approving the
terms of a Joint Stipulation, dated February 4, 2011, between Colorado Goldfields Inc.
and the Colorado Division of Reclamation, Mining and Safety providing for the payment
of an additional financial warranty in the amount of $196,476 in four installments
according to the following schedule:
Date
3/10/2011 Payment
4/10/2011 Payment
5/10/2011 Payment
6/10/2011 Payment
Amount
$ 49,119
$ 49,119
$ 49,119
$ 49,119
Total payments $ 196,476
Pursuant to the Board's Order, Colorado Goldfields herewith delivers the fourth and final
installment of Forty Nine Thousand One Hundred Nineteen Dollars ($49,119.00), in the
form of a certified check, payable to the Division of Reclamation, Mining and Safety.
With the acceptance of this installment payment, the total amount of financial warranty
held by the Board is now $515,130, and the Joint Stipulation, dated February 4, 2011,
between Colorado Goldfields Inc. and the Colorado Division of Reclamation, Mining and
Safety is satisfied. RECEIVF-P
JUN 09 2011
Division of rtec venation,
7986 South Datura Circle West' Teton, CO 80120 " [phone] 1AWNI and 30"

-44 out of 55 Items Approved to Please Proceed at The Pride Of The West Mill

On May 14, 2010, the Office met with John Ferguson and Stephen Fearn, of Colorado Goldfields, at the
Division's office in Durango, and discussed each of the maintenance tasks. Herein, the Office responds to
each of the tasks listed in your May 5th petition:
A. Visual Items:
1. - Removing rust from doors and painting doors does not represent a change to the approved or
proposed Reclamation or Environmental Protection Plan. Therefore, the Office does not require
that such plans be reviewed and approved through either a Technical Revision or Amendment
process. Please proceed.
2. Please clarify what is intended by the term "landscaping". In the absence of a clear description
of what is intended, the Office requires that all plans for earth work be submitted for review and
approval through either the Technical Revision or Amendment process.
3. Please proceed.
4. Please proceed in accordance with the requirements of Rule 3.1.12.
Office of Office of
Mined Land Reclamation Denver 9 Grand junction • Durango Active and Inactive Mines Loading....5. Please clarify how clean-up of mud in the basement of the Mill Building will occur. The drainage
and mud in the basement of the Mill Building may include tailings and processing fluids from the
mill circuits or drainage from the reagent deck where designated chemicals have been stored.
Some of these chemicals have leaked from their containers. With the limited information
provided, the Office requires that such activities be reviewed and approved through the
Technical Revision process.
6. Please clarify what is intended by "clean up miscellaneous materials". Please be specific.
7. Please clarify how drainage from wash down of equipment in the Mill Building will be routed to
and stored within the leach tanks in the Leach Plant Building.
8. Please proceed.
9. Please proceed.
10. Please proceed.
11. Please proceed.
12. Please proceed.
B. Electrical Items:
1. Please proceed.
2. Please proceed.
3. Please proceed.
4. Please proceed.
5. Please proceed.
6. Please proceed.
7. Please proceed.
8. Please proceed.
9. Please proceed.
C. Reagents:
1. Please clarify what is intended by "Re-inventory all reagents." Please note that no reagents or
industrial chemicals utilized in metallurgical processing may be imported to the site unless
approved through AM-02 or other appropriate permit process.
2. Please include the "reagent storage and containment plan" in AM-02.
3. Please proceed with the identification of all unknown reagent barrels. Please clarify how
shipping and disposal of unwanted reagents will occur. Please be specific.
4. Please clarify how drainage from wash down of the reagent deck will be routed to and contained
within the holding tank in the Leach Plant Building.
5. Please proceed.
D. Laboratory Building:
1. Please proceed.
2. Please proceed.
3. Please proceed.
4. Please proceed.
5. Please clarify what is intended in replacing the water line to the Lab and House.
6. Please clarify what is intended in burying the power line to the House. Loading....E. Surface Clean-up and Dust Control:
1. Please proceed.
2. Please proceed.
3. Please proceed.
4. Please proceed.
5. Please proceed.
6. (2.] Please proceed.
7. [6] Please clarify what is intended by "install dust suppression measures on both old and new
tailings pond areas (with DRMS approval)." Please be specific.
8. [7.] Please proceed.
9. [8] Please clarify what is intended for the upslope water diversion ditch. Please be specific.
10. [9.] Please proceed.
F. Mechanical Items:
1. Please proceed.
2. Please proceed.
3. Please proceed.
4. Please proceed.
5. Please proceed.
6. Please proceed.
7. Please proceed.
8. Please proceed.
9. Please proceed.
10. Please proceed.
11. Please proceed.
12. Please proceed.
13. Please proceed.
Please contact me at the Division's office in Durango at 691 County Road 233, Suite A-2, Durango, Colorado
81301, phone [phone], if you have any questions.
Sincerely,
Wallace H. Erickson
Environmental Protection Specialist
Enclosure: Petition from Colorado Goldfields, dated May 5, 2010
ec: John Ferguson, Colorado Goldfields;
Stephen Fearn, Colorado Goldfields;
Steve Shuey, DRMS GJFO;

-CGFIA Already has The Mining Equipment

E.(2 second) - Find an appropriate place to park the LHD and 950 tracked loader - perhaps over behind the crushing plant
after building removal.

Load Haul Dump (LHD)
COMPACT LOADER



-Mines everywhere in Silverton

SAN JUAN COUNTY PROFILE
Summary
The population of San Juan County peaked at about 5,000 in 1910. Since that time the population has followed the boom and bust cycles that are characteristic of mining communities, fluctuating between 750 and 1,000 people from 1960 until the last working mine closed in 1991. The population has stabilized at about 565 year-round residents, primarily within the Town of Silverton (the only town in the county). There has also been an influx of seasonal/summer residents, who purchase 2nd homes in the area in order to enjoy the rural amenities of life in the high country. This phenomenon, known as "amenity migration" has produced wide-ranging economic impacts on the community.

At the present time, San Juan County has become almost entirely dependent upon tourism, primarily during the summer months when the Durango & Silverton Narrow Gauge Railroad is running. Train ridership to Silverton was just over 161,000 in 2003. Visitors by train are supplemented by people who come to Silverton via Highway 550, which is part of the "San Juan Skyway," one of the premier scenic byways in the United States.

Although tourism provides great economic benefit to the county and the Town of Silverton it does not provide the tax base that supports basic services (i.e. roads, water, sewer and health services). The property tax base for San Juan County is impacted by the high percentage of public lands (88%) within the county. It is important to note that most of the land in private ownership (12%) is in patented mining claims.



TR-11 Reports to DRMS

-Water Quality Monitoring Plan (TR-11)

http://drmsweblink.state.co.us/drmsweblink/0/doc/932171/Page1.aspx?searchid=f8c06423-6d89-4d56-a75a-9ef3a58e638f

-Task 5 erosion mgt details (TR-11)

http://drmsweblink.state.co.us/drmsweblink/0/doc/932172/Page1.aspx?searchid=f8c06423-6d89-4d56-a75a-9ef3a58e638f


CGFIA - DRY STACKING-More Info DRMS & CMLRB
They've dropped the tailing ponds which was the problem for the DRMS & CMLRB and have gone to Dry Stacking an Environmentally Acceptable Solution and will start reclamation on the Tailings Immediately TR 11 Approval. This opens the door for Permit Approval without objection from the DRMS & CMLRB

CGFIA - DD - MAY Activity - So Far ( May 18th 2011 )

-May Bond Payment made, 1 payment left.

http://drmsweblink.state.co.us/drmsweblink/0/doc/931632/Page1.aspx?searchid=ff53c58a-63d7-4d70-a7ab-d97858e4296e

-TR-11 May 20th

http://drmsweblink.state.co.us/drmsweblink/0/doc/931626/Page1.aspx?searchid=ff53c58a-63d7-4d70-a7ab-d97858e4296e

-BROOKLYN MINE- PHOTO GOLD SEAM

http://www.mindat.org/photo-263192.html

-Acquires Silver Wing Mine With $200 Million Estimated Total Resource

http://www.bloomberg.com/apps/news?pid=conewsstory&tkr=CGFIA:US&sid=adMlh9BHycCQ

-Exploration Plan for King Solomon Mine

http://www.bloomberg.com/apps/news?pid=conewsstory&tkr=CGFIA:US&sid=aKZj1RjXomPo

-Accelerated Exploration Plan for Brooklyn Mine

http://www.bloomberg.com/apps/news?pid=conewsstory&tkr=CGFIA:US&sid=aBQ6_a3Rg0eQ

GREAT MONTH - Mr Rice & Mr Guyer

CGFIA - DD - APRIL Activity

CGFIA - Kittimac Tailings - Dry Stacking Area They've identified and made a deal subject to DRMS approval for the Dry Stacking Area. This is huge news and progress.

Busy April

-Dry Stacking Area-Kittimac Tailings Ponds

https://picasaweb.google.com/silvertonwebworks/ColoradoGoldfields#5603260818265578802

-DRMS performed an initial inspection of the site

http://www.marketwire.com/press-release/colorado-goldfields-inc-moves-closer-to-permit-for-pride-of-the-west-mill-part-2-otcqb-cgfia-1424105.htm

-Pre Pay Financial Obligation

http://www.marketwire.com/press-release/colorado-goldfields-inc-pre-pays-financial-obligation-totals-416892-moves-closer-permit-otcqb-cgfia-1423332.htm

-Technical Revision Filed (TR-11)

http://www.marketwire.com/press-release/colorado-goldfields-inc-moves-closer-to-permit-for-pride-of-the-west-mill-part-1-otcqb-cgfia-1418782.htm

Great Month Mr Guyer!!!!!!!


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