(PR-inside.com) LAKEWOOD, CO -- (Marketwire) -- 02/08/11 -- Colorado Goldfields Inc. (OTCBB: CGFIA) announced today that the Company has reached an agreement with the State of Colorado Division of Reclamation Mining and Safety ("DRMS"), to extend the time required to fully fund a $196,000 increase to the Company's financial warranty from February, 2011 to June, 2011. The financial warranty is in effect a surety bond that serves to guarantee the ultimate reclamation of the site. The joint stipulation between the Company and the State of Colorado DRMS calls for four payments of approximately $49,000 beginning in March, 2011 and ending in ..
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