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CGLD Colorado Gold Mines


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CGLD Colorado Gold Mines

cgld

Symbol:                       CGLD

Website:     www.coloradogoldmines.com

 

Outstanding Shares:  72.5M

Float:                           25K

 

Colorado Gold Mines Inc. (CGLD) is a mining company whose focal point is directed toward the acquisition, exploration, development, and mining of precious metal properties in a historical mining district in Southern Nevada.

 

CGLD’s current operation, the Keeno Strike Property, consists of 12 mining claims across 240 acres on the renowned Goodsprings and Yellow Pine Mining District in Clark County, Nevada which is known to have large quantities of precious metals onsite as it is land administered by the U.S Bureau and is noted to produce two thirds of the silver and half of the zinc production from the entire mining district. CGLD’s testing on the Keeno Strike Property have provided estimated quantities of 69 million ounces of silver, 1.1 million ounces of gold, 115,000 ounces of zinc, and 130,000 ounces of lead that equate to over $3.88 billion in estimated value at current mineral prices. Additionally, within CGLD’s property is the historical Monte Cristo mine and Keeno-Mint wherefore an abundant source of silver and gold are waiting to be discovered and is in close proximity to the Lincoln Mine; another historical mine. As a result of these of mineral resource estimates, CGLD firmly believes this property with a total thickness of 11,000 feet is a reasonable property ready for extraction through modern underground and surface mining methods. Furthermore, CGLD forecasts to develop a new operating mine within this profitable mining district as CGLD believes the Keeno Strike Property may have twice the amount of gold reserves than its testing have already concluded.

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