LAKEWOOD, CO -- (Marketwire) -- 04/24/09 -- The executive management team of Colorado Goldfields Inc. (OTCBB: CGFIA) met yesterday with Todd C. Hennis regarding the Company's relationship to the Gold King, Mogul, and Mayflower mining properties. The parties are discussing the potential transfer of rights into the Company outright, rather than the existing option agreement. An informal agreement to discuss and explore alternatives rather than use a formal advocacy process was reached."Given the massive shift in economic conditions, widely fluctuating property values, and increasing interdependence among all players in the industry, I am encouraged by this face-to-face meeting," said
More...
More...