(PR-inside.com) LAKEWOOD, CO -- (Marketwire) -- 04/06/11 -- Colorado Goldfields Inc. (OTCQB: CGFIA) (PINKSHEETS: CGFIA) announces pre-payment, bringing the total financial warranty funded by the Company to $416,892, pursuant to the joint stipulation with the Division of Reclamation, Mining and Safety ("DRMS"). This pre-payment reflects the confidence of the Company's investors in the Pride of the West Mill project.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, the first of four installments of approximately ..
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