Replies to post #58787 on Colorado Goldfields Inc (fka CGFI)

[Civicbird]

How many mines total now in the area?(Was it Brooklyn that didn't come to fruition?)

[LJ Silver]

Guyer knows that he needs to bring in money fast, through which ever path of least resistance. In this case it looks like the King Solomon. Its less than 2 miles from the POW mill.
http://www.cologold.com/investors.htm

The Company also holds a lease on the King Solomon Mine, which 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. Historic assay results showed gold content of 0.75 – 0.9 ounces per ton. “The King Solomon Mine is of particular interest to Colorado Goldfields because of its strategic placement in Little Giant Basin. Although no activity has occurred on the property since 1883, nearby properties in Little Giant Basin have produced significant gold,” stated John Ferguson, director of Operations.

I'm sure there are a few finish/time lines Guyer needs to satisfy for the New York Investor to continue to fund this operation. I know I would want to see results If I were him. Tick Tock :)
He will have to kick the Brooklyn down the road for the time being until it makes more sense. But there is money to make at the Brooklyn IMO. Just requires more time that Guyer has at the moment.
LJ