(PR-inside.com) LAKEWOOD, CO -- (Marketwire) -- 06/29/11 -- Colorado Goldfields Inc. (OTCQB: CGFIA) (PINKSHEETS: CGFIA) announces that it has purchased the Payday and Rage Mines. The claim group consists of 63 (55 Payday and 8 Rage) claims, located in Township 32 South, Range 24 East, Sections 25, 26, 35, in San Juan County, Northeast of Monticello, Utah.In 2006 a preliminary geology report was constructed by Clive Bailey, a Registered Professional Geologist and Arizona Registered Sanitarian. "The property has unpatented mining claims covering an area of almost 2 square miles. The claim group covers an area where the favorable upper rims ..
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