CGFIA - Merger - News: WKN: A0X8AW - Handelsplatz: Berlin /

[Masder160]

CGFIA - Merger - News: WKN: A0X8AW - Handelsplatz: Berlin / Deutschland

CGFIA - Colorado Goldfields

Colorado Goldfields Inc. Merger Roll-Up Continues to Grow Shareholder Base and Value -- Roll-Up Growth Strategy Doubles Share...

Colorado Goldfields A (QB) (USOTC:CGFIA)
Historical Stock Chart
1 Month : October 2011 to November 2011
&&&
Colorado Goldfields Inc. (OTCQB: CGFIA) (PINKSHEETS: CGFIA) announced yesterday that the Company has entered into a Memorandum of Understanding ("MOU"), with American Sierra Gold Corp ("American Sierra"). The MOU, which provides for customary due diligence, intends to make American Sierra a wholly owned subsidiary of Colorado Goldfields Inc.
After successfully adding the Brooklyn, King Solomon, and the Pay Day and Rage uranium claim group to its asset base, the Company now continues its strategy to increase shareholder value by acquisition and merger.
"This 4th acquisition is a significant step not only in total growth, but represents a new level of attractiveness to many other mining companies. I believe this transaction will propel our roll-up strategy to a higher level. As our discussions with American Sierra continue, it becomes clear that the strategic expansion of our shareholder base opens up new growth prospects for our company and creates further potential for accessing external capital funding and new and valuable acquisitions aligned with our gold mining and milling rights roll-up model," stated Lee R. Rice, President and CEO of Colorado Goldfields.
"The fact that American Sierra on behalf of the Company's over seven thousand shareholders showed this commitment to Colorado Goldfields strongly supports our business model and the course our company is taking. After four years of total and consistent dedication and perseverance in the face of a very challenging world-wide economic climate, the strategic expansion of our shareholder base and the strengthening of our capital base opens up new growth prospects for us and creates further potential for acquisitions," said Stephen Guyer, CFO of Colorado Goldfields.
Gold stocks

About Colorado Goldfields Inc.

Colorado Goldfields Inc. (OTCQB: CGFIA) (http://www.cologold.com) is a Denver-based junior exploration and mining company primarily exploring for gold and silver. Our seasoned management team targets historic gold camps with strong potential for multiple deposit discoveries. Currently, our business model in Colorado provides an outstanding combination of former producing properties with excellent exploration and production potential and a currently inactive, modern, up to 700 ton per day capacity mill facility to allow for an attractive short-term production time frame. We expect that this strategic plan will allow Colorado Goldfields to reach its goal of profitability, potentially within the next 18 months.
The Company has made available a current CGFIA Fact Sheet in PDF format at http://www.cologold.com/uploads/CGFIFactSheet.pdf.
Notice regarding forward-looking statements

This news release may contain forward-looking statements or information within the meaning of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements or information includes statements regarding the expectations and beliefs of management. Forward-looking statements or information include, but are not limited to, statements or information with respect to known or unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Forward-looking statements or information are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, risks and uncertainties relating to obtaining financing to meet the Company's exploration program and operating costs during its exploratory stage, the interpretation of exploration results and the estimation of mineral resources and reserves, the geology, grade and continuity of mineral deposits, the possibility that future exploration, development or mining results will not be consistent with the Company's expectations, accidents, equipment breakdowns, title matters, or other unanticipated difficulties with or interruptions in production and operations, the potential for delays in exploration or development activities or the completion of feasibility studies, the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations, currency fluctuations, regulatory restrictions, including the inability to obtain mining permits and environmental regulatory restrictions and liability, the speculative nature of mineral exploration, dilution, competition, loss of key employees, and other risks and uncertainties, including those described under "Risk Factors" in the Company's Annual Report on Form 10-KSB filed on December 27, 2007, and as amended on March 3, 2008, which is on file with the Securities and Exchange Commission, as well as the Company's other SEC filings. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. The Company does not undertake any obligation to release publicly revisions to any "forward-looking statement," to reflect events or circumstances after the date of this news release, or to reflect the occurrence of unanticipated events, except as is required under applicable securities laws.
Cautionary note to U.S. Investors -- The United States Securities and Exchange Commission permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms on this website (or press release), such as "measured," "indicated," and "inferred" "resources," which the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. U.S. Investors are urged to consider closely the disclosures in our 10-KSB which may be secured from us, or from the SEC's website at http://www.sec.gov/edgar.shtml. This press release may contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. Investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties.
Contact:

Investor Relations

Colorado Goldfields Inc.

866-579-9444 or 303-984-0524

http://www.cologold.com

Colorado Goldfields A (QB) Company Description
Colorado Goldfields Inc. is a Denver-based junior exploration and mining company primarily exploring for gold and silver. Our seasoned management team targets historic gold camps with strong potential for multiple deposit discovery. Currently, our business model in Colorado 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 facility to allow for an attractive short-term production time frame. We expect that this strategic plan will allow Colorado Goldfields to reach its goal of profitability, potentially within the next 18 months. URL: http://www.cologold.com

[Masder160]

CGFIA-Russia, Kazakhstan, Colombia Raise Gold Reserves in October

By Nicholas Larkin - Nov 25, 2011 6:06 AM ET

Russia, Kazakhstan, Colombia, Belarus and Mexico added a combined 25.7 metric tons of gold valued at $1.38 billion to reserves in October, a month after prices rose to a record.
Russia’s bullion reserves rose 19.5 tons to 871.1 tons last month, according to data on the International Monetary Fund’s website. Kazakhstan’s assets increased 3.2 tons to 73.6 tons, Colombia’s gained 1.2 tons to 10.4 tons, Belarus expanded assets by 1 ton to 31.9 tons and Mexico added 0.9 ton to take holdings to 106.3 tons, the data show. Germany cut reserves by 4.7 tons to mint commemorative coins and Tajikistan cut 0.4 ton of gold.
Central banks are expanding reserves for the first time in a generation as prices head for an 11th straight annual gain and assets in exchange-traded products rose to an all-time high. Purchases may reach 450 tons this year, according to Marcus Grubb, managing director of investment research at the London- based World Gold Council. Central banks and government institutions bought 142 tons last year, IMF data show.
“Given gold’s much more attractive levels in October, we would not be surprised if a similar trend of significantly more buying than is reflected by IMF data actually occurred during the month,” Edel Tully, an analyst at UBS AG in London, wrote in a report today.
Gold touched a record $1,921.15 an ounce on Sept. 6 and averaged $1,671.25 last month, valuing Russia’s purchase at about $1.05 billion.
Germany’s gold reserves are at 3,396.3 tons, the IMF data show. The country is the second-biggest holder after the U.S., according to the World Gold Council. A Bundesbank spokesman confirmed the sale and said it was done to mint commemorative coins, which is the only reason it sold bullion during the past few years.

[Masder160]

Website of Colorado Goldfields:

http://www.cologold.com/index.htm

Mill Renovation - Video:

www.cologold.com/uploads/Mill_Milestone_4.wmv


The Pride of the West Mill - 3D Animation

http://www.youtube.com/watch?v=IGBDjrsbwcU&feature=player_embedded

[Masder160]

Die Fusion mit AM Sierra Gold soll bis zum 29.02.2012 abgeschlossen werden

Jetzt rein

[Masder160]

Colorado Goldfields Inc. Obtains Approval From State of Colorado for Silver Wing Mine; A Potential $200 Million Silver and Copper Value

Gold Stocks

LAKEWOOD, CO, Dec 20, 2011 (MARKETWIRE via COMTEX) -- Colorado Goldfields Inc. (OTCQB: CGFIA) (PINKSHEETS: CGFIA) announced today that the Colorado Division of Reclamation Mining and Safety ("Division"), has approved its application to begin work at the Silver Wing Mine. The formal name of the application is "Notice of Intent to Conduct Prospecting Activities." The application was approved on November 18, 2011 and is the third consecutive approval of a permit received by the Company from the Division.

Activities to be completed under this initial approval of work at the Silver Wing Mine will include re-sampling key areas of the mine by taking approximately 250 channel samples to verify records of sample data taken by prior operators and consultants. In preparation for drilling, work will also include the verification of underground mine maps, evaluation of prior underground development work and the condition of existing workings. This information will be utilized to develop an on-going core drilling program and an initial mining plan.

The approval of this project is particularly significant because it allows for an investigation to be made to determine the source of the existing mine drainage of approximately 20 gallons per minute and evaluate the potential for controlling or eliminating this discharge with an underground grouting program which could avoid the need for a discharge permit. If it is determined that the discharge cannot be eliminated, then an evaluation will be made of what actions can be taken to minimize the discharge, and assuming a permit is required, what permit conditions would be most effective and appropriate for preventing discharges of pollutants into the Animas River.

"Colorado Goldfields is working to find the best way to address a very long-term, pre-existing problem. The approval by the Division of this work, I believe shows confidence in our expertise and reinforces in real terms the Company's commitment to proper and careful mining in the area," stated Stephen Guyer, CFO for Colorado Goldfields.

The Silver Wing Mine consists of 10 patented mining claims across 70 acres in San Juan County, in southwestern Colorado known as the Silver Wing Mine.

"A thorough study of geological structures, past production, core drilling and extensive underground sampling records indicates that the total resource of the Silver Wing Mine could exceed $200 million with approximately 80% of the resource value composed of silver and copper minerals," stated Lee Rice, President & CEO for Colorado Goldfields.

Gold stocks

About Colorado Goldfields Inc. Colorado Goldfields Inc. (OTCQB: CGFIA) (http://www.cologold.com) is a Denver-based junior exploration and mining company primarily exploring for gold and silver. Our seasoned management team targets historic gold camps with strong potential for multiple deposit discoveries. Currently, our business model in Colorado provides an outstanding combination of former producing properties with excellent exploration and production potential and a currently inactive, modern, up to 700 ton per day capacity mill facility to allow for an attractive short-term production time frame. We expect that this strategic plan will allow Colorado Goldfields to reach its goal of profitability, potentially within the next 18 months.

The Company has made available a current CGFIA Fact Sheet in PDF format at http://www.cologold.com/uploads/CGFIFactSheet.pdf.

[Masder160]

http://www.cologold.com/uploads/Mill_Milestone_4.wmv

[Masder160]

Colorado Goldfields Inc. Files Pride of the West Mill Permit; In Only 5 Days Accepted as Complete by State of Colorado Division of Reclamation, Mining, and Safety / Gold Stocks

LAKEWOOD, CO -- (Marketwire) -- 02/28/12 -- Colorado Goldfields Inc. (OTCQB: CGFIA) (PINKSHEETS: CGFIA) announces that it submitted the Company's Rule 112-b Reclamation Permit Amendment (AM-03) Application to the State of Colorado Division of Reclamation, Mining, and Safety ("DRMS") on January 27, 2012. Just 5 days later, the application was deemed "complete for filing" by the DRMS and a decision date was scheduled for May 1, 2012.

According to Colorado law, the Company is required to "publish notice in a newspaper of general circulation once a week for four (4) consecutive weeks." Further, the regulations require that the Company notify all owners of record of surface and mineral rights, holders of any recorded easements, and all owners of record of lands within 200 feet of the permit boundary and affected land via certified mail and submit proof of the notices prior to the decision date.

The Company began notice publications on February 9, 2012 in the Silverton Standard and the Miner and will complete the publication requirement on March 1, 2012. Certified mail notices were completed on February 9, 2012. Comments must be in writing and must be received by the Division of Reclamation, Mining, and Safety by 4:00 p.m. on or before March 21, 2012.

The application itself consisted of 526 pages (weighing 45 pounds) of detailed specifications, maps, and drawings describing every aspect of the proposed milling operation. Included in the application was a proposed procedure for the processing of ore from 3rd parties -- custom or "toll" milling. This component of the application is unique to Colorado Goldfields and was originally accepted in concept by the DRMS in December, 2010.

The complete submittal is available to the public from the DRMS, or may be viewed or downloaded from the Company's website at:

www.cologold.com/uploads/M-1984-049_AM-03_Complete.pdf

"This is a gigantic milestone for the Company," stated Stephen Guyer, CFO for Colorado Goldfields. "After several years of intense work with the DRMS, we are now literally knocking on the door of operations. We believe our team of engineers, legal staff, and management, have covered every possible aspect of the operation and are extremely optimistic about the outcome. I believe this is evident by the DRMS' very quick acceptance of the filing as 'complete.' I have never seen such a fast response," continued Guyer.

In addition to the comment period, between now and May 1st, the DRMS will be analyzing the technical content to determine if the permit amendment application is adequate to meet the requirements of the Mineral Rules and Regulations of the Colorado Mined Land Reclamation Board for Hard Rock, Metal, and Designated Mining Operations Act.

Gold stocks

[Masder160]

http://www.therepublic.com/view/story/...6a4/CO--Colorado-Goldfields/


Colorado Goldfields submits application in bid to reactivate mill near Silverton

Colorado Goldfields stellt Antrag im Angebot zu Mühle in der Nähe von Silverton reaktivieren


DENVER — Colorado Goldfields Inc. says it's getting closer to reactivating the Pride of the West mill near Silverton in southwest Colorado.

Chief Financial Officer Stephen Guyer said Tuesday the company is "literally knocking on the door of operations."

The company says the Colorado Division of Reclamation, Mining and Safety has received its application for a permit amendment so it can place the mill into active production status. It says the division is scheduled to make a decision on it May 1.

Chief Financial Officer Stephen Guyer said Tuesday the company is "literally knocking on the door of operations."

The company bought the mill in San Juan County in 2007 from Tusco Inc. Colorado Goldfields is trying to reactivate the mill to produce primarily gold, silver, copper, lead and zinc.

[Masder160]

CGFIA - WKN: A0X8AW in Berlin handelbar.Jetzt rein.

Merger Fusion mit AM Siarra Gold soll bis zum 20.03.2012 abgeschlossen werden.

Bzw. Colorado Goldfields will AM Sierra Gold zu 100% Schlucken

Strong Buy

[Masder160]

CGFIA - NEWS - WKN A0X8AW

09.03.2012
Colorado Goldfields Inc. Announces American Sierra Gold Acquisit

Colorado Goldfields Inc. Announces American Sierra Gold Acquisition Extended; Stockholder Base Increases to 15,000 Shareholde...


Colorado Goldfields Inc. (OTCQB: CGFIA) (PINKSHEETS: CGFIA) announces that the Company has extended their Memorandum of Understanding ("MOU"), with American Sierra Gold Corp ("American Sierra") to August 31, 2012.

The MOU, which provides for customary due diligence, intends to make American Sierra a wholly owned subsidiary of Colorado Goldfields Inc. Existing shareholders of American Sierra will receive a ratio of restricted Colorado Goldfields Class A shares in exchange for their American Sierra shares.

American Sierra was incorporated in Nevada on January 30, 2007. It is focused on the acquisition, exploration, development, mining, and production of precious metals, with emphasis on gold and silver. The Company's plan of operation is to conduct mineral exploration activities in order to assess whether the sites possesses mineral deposits of gold or other precious metals in commercial quantities, capable of commercial extraction.

The Board of Directors of American Sierra views this merger as an opportunity to join forces with a company that has similarly aligned goals and values, and is farther down the execution road. Aside from the obvious economies of scale, the synergistic benefit is very high.

"We are, as a company, looking forward with great enthusiasm to joining forces with Colorado Goldfields toward accessing Colorado Goldfields' existing and new mining exploration and development opportunities, as well as the outstanding value-add presented by the much anticipated near-term launch of The Pride of the West Mill," stated James Vandeberg, President and CEO of American Sierra Gold.

"The fact that American Sierra on behalf of the Company's over seven thousand shareholders showed this commitment to Colorado Goldfields strongly supports our business model and the course our company is taking. After four years of total and consistent dedication and perseverance in the face of a very challenging worldwide economic climate, the strategic expansion of our shareholder base and the strengthening of our capital base opens up new growth prospects for us and creates further potential for acquisitions," said Stephen Guyer, CFO of Colorado Goldfields.

Gold stocks

About Colorado Goldfields Inc.

Colorado Goldfields Inc. (OTCQB: CGFIA) (http://www.cologold.com) is a Denver-based junior exploration and mining company primarily exploring for gold and silver. Our seasoned management team targets historic gold camps with strong potential for multiple deposit discoveries. Currently, our business model in Colorado provides an outstanding combination of former producing properties with excellent exploration and production potential and a currently inactive, modern, up to 700 ton per day capacity mill facility to allow for an attractive short-term production time frame. We expect that this strategic plan will allow Colorado Goldfields to reach its goal of profitability, potentially within the next 18 months.

The Company has made available a current CGFIA Fact Sheet in PDF format at http://www.cologold.com/uploads/CGFIFactSheet.pdf.

Notice regarding forward-looking statements

This news release may contain forward-looking statements or information within the meaning of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements or information includes statements regarding the expectations and beliefs of management. Forward-looking statements or information include, but are not limited to, statements or information with respect to known or unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Forward-looking statements or information are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, risks and uncertainties relating to obtaining financing to meet the Company's exploration program and operating costs during its exploratory stage, the interpretation of exploration results and the estimation of mineral resources and reserves, the geology, grade and continuity of mineral deposits, the possibility that future exploration, development or mining results will not be consistent with the Company's expectations, accidents, equipment breakdowns, title matters, or other unanticipated difficulties with or interruptions in production and operations, the potential for delays in exploration or development activities or the completion of feasibility studies, the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations, currency fluctuations, regulatory restrictions, including the inability to obtain mining permits and environmental regulatory restrictions and liability, the speculative nature of mineral exploration, dilution, competition, loss of key employees, and other risks and uncertainties, including those described under "Risk Factors" in the Company's Annual Report on Form 10-K filed on November 23, 2011, which is on file with the Securities and Exchange Commission at http://www.sec.gov/Archives/edgar/data/1344394/000095012311100285/0000950123-11-100285-index.htm, as well as the Company's other SEC filings. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. The Company does not undertake any obligation to release publicly revisions to any "forward-looking statement," to reflect events or circumstances after the date of this news release, or to reflect the occurrence of unanticipated events, except as is required under applicable securities laws.

Cautionary note to U.S. Investors -- The United States Securities and Exchange Commission permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms on this website (or press release), such as "measured," "indicated," and "inferred" "resources," which the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. U.S. Investors are urged to consider closely the disclosures in our 10-K which may be secured from us, or from the SEC's website at http://www.sec.gov/Archives/edgar/data/1344394/000095012311100285/0000950123-11-100285-index.htm, his press release may contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. Investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties.



Contact:

Investor Relations

Colorado Goldfields Inc.

866-579-9444 or 303-984-0524

http://www.cologold.com