Replies to post #58774 on Colorado Goldfields Inc (fka CGFI)

[LJ Silver]

God I love game changers.. You should re-read this carefully with a fine tooth comb. The point, is that Guyer has done a carefull evaluation.
LJ
http://www.sec.gov/Archives/edgar/data/1344394/000135448812005991/cgfia_10k.htm

On August 9, 2012, the DRMS approved with conditions Reclamation Permit Amendment (AM-03). The core of the permit consists of nine Environmental Protection Faculties (“EPF”), which are: 1) Mill Building, 2) Ore Stockpile Area, 3) Laboratory Facility, 4) Leach Plant Building, 5) Flood Protection Dike, 6) Plant Waste Water Disposal, 7) Groundwater intercept Drain, 8) Upland Stormwater Intercept Ditch, 9) Mill Tailings Repository.
The conditions specified by DRMS regard the ninth EPF, the Mill Tailings Repository and request additional geotechnical substrate stability analysis, structure specific engineering designs for the cover of the repository, the repository’s reserve capacity, and the always on-going recalculation of financial warranty.
While we are completing the analysis necessary to satisfy the DRMS’s conditions, work began on the ore stockpile area in September 2012.
We believe that approval of the AM-03 permit amendment along with the extension of the Mill mortgage to December 31, 2012, will move the business plan forward.

Under Item 7

As of the date of this report, we are in the process of constructing the necessary permit application materials so the work may commence. Furthermore, the Company has prepared a Property of Merit report for the Silver Wing to be used in fund raising activities.
Operations at the Champion Mine:
The Company has prepared a Property of Merit report for the Champion Mine to be used in fund raising activities.
Operations at the Brooklyn Mine:
The Lease with an Option to Purchase for the Brooklyn was terminated on September 6, 2012. After extensive analysis of potential acid mine drainage problems, we decided not to seek to renew the lease.
Operations at the King Solomon Mine:
We completed our 2011 exploration program on the King Solomon Mine during the first quarter of 2012.
The land position surveys were completed and corner monuments were set for the King Solomon claims. Several original corners, first placed in the 1800s, were found and re-monumented, which verifies the claim locations. Specific survey control points were completed to establish and fix the location of the two principal mine portals relative to the claim boundaries and surface vein expressions.
Exploration teams entered and explored the underground workings, locating important vein structures, and taking ore samples from each. Underground workings also revealed areas that are ready to be mined along with those that will require re-habilitation and timbering.