Colorado Goldfields, Inc. announced that it has acquired the Silver Wing Mine, located within 6 miles of the company's Pride of the Mill. This transaction makes Colorado Goldfields a complete turn-key operation for the production of gold and silver. From ore to dore, the Company controls the entire production chain.

The mine's poly-metallic ore contains recoverable metal values in gold, silver, lead, copper and zinc. Colorado Goldfields will develop a mining and milling operation and produce approximately 14,500 tons annually of gold, silver, copper, lead and zinc concentrates. After 1-year of ramp up work, production could reach 180 tons per day with full production of 360 tons per day achieved after two years. The initial ore discovery and location for the first Silver Wing Mine occurred in 1874 on the Silver Wing claim itself.

All ore production from early operations (1874 through 1909) was based on silver values. The early ore was so rich that it was direct-shipped to smelters on pack mules over mountain passes in excess of 12,500 ft. high.