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Flex

05/18/11 8:46 AM

#16281 RE: Flex #16265

CGFIA~ Pride of the West Mill
A modern gravity and flotation mill with up to-700 tons per day capacity. It is located within nine miles of all three mines, and is the only mill in the area. Toll milling for neighboring mines provides an additional revenue stream and the opportunity for future joint venture or acquisition opportunities

The Company is exploring extensive surface and subsurface, high-grade mineralized zones at the Silverton mines. Based on the results obtained from Colorado Goldfield's current early-stage exploration investment, the stage will soon be set for the dramatic next steps in the journey from discovery to determination of an economical ore body. At that stage, Colorado Goldfields will be able to exploit the advantages of its recent purchase of the Pride of the West Mill, which will allow for a shorter term production timeframe.

Flex