Colorado Goldfields Inc. (CGFI.OB) is a Denver-based junior exploration and mining company primarily exploring for gold and silver in Colorado. The company’s business model provides an outstanding combination of former producing properties with excellent exploration and production potential and a currently inactive, modern 500 to 700 ton-per-day capacity mill to allow for an attractive, short-term production time frame.
Continuing the legacy of the historic Colorado gold rush, Colorado Goldfields is focused on a major gold project in the legendary Silverton mining district of Colorado. Colorado was once the location of one of the greatest gold rushes in North American history. Since 1859, millions of ounces of gold have been mined in Colorado. Today, Colorado is once again the site of increasing gold exploration.
Colorado Goldfields has the option to earn an 80% interest in three extremely promising gold mining properties. The company’s properties feature advanced, formerly producing mines including the Gold King, Mayflower, and Mogul mines located in San Juan County in southwest Colorado. These properties have historically proven to contain significant quantities of gold, silver, and base metals.
Let us hear your thoughts below: