Colorado Goldfields Inc. is an exploration and mining development company based out of Denver, Colorado. The company’s efforts are primarily focused on the development of three historically-producing gold properties in Colorado’s famous Silverton mining district. The Gold King, Mayflower, and Mogul mines of San Juan County are Colorado Goldfield’s tickets to becoming a major player in the American gold mining industry.
The company recently expanded its capabilities with the purchase of a new drilling rig, the Longyear 34, which will enable the company to carry out its exploration efforts with greater efficiency. President Todd Hennis noted, “The purchase of the Longyear 34 rig will increase our exploration flexibility on the 2008 drill program and in later years. We look forward to placing this drill rig in service and anticipate drilling previously unexplored areas of the Gold King property.” The new equipment is expected to arrive this week, and to be working in conjunction with another rig operated by Godbe Drilling, Colorado Goldfield’s drilling partner.
Gold is a material that will always maintain its intrinsic value. Throughout history, no other substance has been more widely valued, and present day demand is reaching an all-time high. There are many ways to invest in gold, from purchasing actual bullion, to taking an interest in gold-related companies like Colorado Goldfields.
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