IRVINE, Calif., March 11, 2008 (PRIME NEWSWIRE) -- "As gold approaches the landmark spot price of $1,000 an ounce, several events are occurring. First, speculators are asking themselves if $1,000 is just a benchmark on the continued ascent of gold as the metal is still far off inflation-adjusted highs previously realized," stated SmallCap Sentinel analyst D.R. Clark. "But what also is happening is that the loud clamor of gold near $1,000 is drawing the attention of investors who don't naturally follow gold or resources. There's no doubt that a sparkling round number such as this brings enormous interest from speculators outside the resource world, and that bodes very well for small cap gold companies like Colorado Goldfields (OTCBB:CGFI)."
A report focusing on emerging gold equities has been made available at www.liquidstockreport.com and will address the rise of gold affecting equities including Barrick Gold (NYSE:ABX), Goldcorp (NYSE:GG), Yamana Gold (NYSE:AUY), and Colorado Goldfields.
Colorado Goldfields Inc. is a Colorado-based exploration and mine development company with three past producing gold and base metals mines and a modern ore processing facility in Colorado's historically prolific Silverton mining district. Colorado Goldfields is going back into advanced-stage, historically productive properties with significant exploration potential and applying modern geophysics and leading edge exploration tools to re-establish production and expand the resource base. Colorado Goldfields has acquired the option to earn an 80% interest in three gold and base metals mines -- the Gold King, Mogul and Mayflower.
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