Colorado Gold Mines Granted Payment Extension For Keeno Strike Option Agreement
LAS VEGAS, April 8, 2013 /PRNewswire/ -- Colorado Gold Mines, Inc. (OTCBB: CGLD) a development stage company engaged in the acquisition, exploration and development of mining properties announced today that the optionor of the Keeno Strike Gold and Silver Property has granted the Company a 30 day extension to meet the payment terms of the previously announced Option Agreement for the property.
"We expect this 30 day extension for initial payment on the Keeno Strike property to be adequate to allow us to meet the terms of the agreement. We look forward to moving ahead with the project as planned," said William Lundy, CEO of Colorado Gold Mines.
ABOUT COLORADO GOLD MINES, INC.
Colorado Gold Mines, Inc. is a development stage company engaged in the acquisition, exploration, development, mining and processing of precious metal properties. The Company's operating interest includes the development stage Keeno Strike Silver and Gold Property located in the southern end of the Spring Mountains in the Yellow Pine Mining District of Southern Nevada. The property consists of a continuous block of 12 unpatented, 20-acre lode-mining claims for a total of 240 acres. The claims include the historical Monte Cristo Mine and the Keeno-Mint workings near Porter Wash.
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Colorado Gold Mines, Inc. encourages those interested in our Company to rely only on information included in our filings with the United States Securities and Exchange Commission which can be found at www.sec.gov. Statements released by Colorado Gold Mines, Inc. that are not purely historical are forward-looking within the meaning of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the company's expectations, hopes, intentions, and strategies for the future. Investors are cautioned that forward-looking statements involve risk and uncertainties that may affect the company's business prospects and performance. The company's actual results could differ materially from those in such forward-looking statements. Risk factors include but are not limited to general economic, competitive, governmental, and technological factors as discussed in the company's filings with the SEC on Forms 10-K, 10-Q, and 8-K. The company does not undertake any responsibility to update the forward-looking statements contained in this release.
SOURCE Colorado Gold Mines, Inc.