Replies to post #30840 on Colorado Goldfields Inc. (fka CGFI)

[mike495]

An excerpt from the company N.R.on 29 September,2011

Quote:Historical assay results for the King Solomon Mine have revealed gold at 0.15 ounce per ton, but more importantly silver content as high as 42 ounces per ton. At $35.75 per ounce for silver, that represents about $1,500 in dollar value per ton. Combined with gold at $1,500 per ounce, total value per ton could be as high as $1,725 per ton.(End Quote )

With a 700 TPD mill running at full capacity,we have $1,207,500 per day revenue potential.And thats only one of CGFIA's properties.They have 4 that I know of.The current assay results are due out soon.

[mike495]

I would say that they should be better or at least equivalent.That property has'nt been mined in over 100 years.Technology has improved.Don't know when the historical assays were done or how.