Replies to post #16334 on Colorado Goldfields Inc. (fka CGFI)

[zigzagman]

$CGFIA NEWS from May 10th...

Colorado Goldfields entered into a lease with an option to purchase the property in September 2009. At that time, the historic resource was valued at $13.8 million based on a gold pricing of $950 per ounce. With gold prices at approximately $1,500 per ounce as of May 6, 2011, the current value of just the historic resource is estimated to be $21.8 million.

http://finance.yahoo.com/news/Colorado-Goldfields-Inc-iw-783368969.html?x=0&.v=1

[Flex]

CGFIA~ King Solomon Mine
The King Solomon Mine is located on the southern flank of King Solomon Mountain, just a few hundred yards up the mountain from the first discovery of gold in the San Juan Mountains in Little Giant Basin. Opened in 1876, the mine was in production until 1883. The King Solomon Mine located within 2 miles of the Company's Pride of the West Mill.


Flex

[sgt947]

CGFIA super news today