Colorado Goldfields hires Geological Engineer

Colorado Goldfields Inc announced that Simon B. Russell has joined the company in the capacity of mining engineer. Upon the anticipated close of the previously announced transaction to acquire a 75% interest in Besmer, S.A. de C.V., Mr. Russell will serve as project manager for the company’s Mexican operations.

Mr. Russell graduated with a Bachelor of Science degree from the New Mexico Institute of Mining and Technology in Socorro, NM and holds a Bachelor of Science degree in Geological Engineering from the University of Arizona and attended graduate classes in mining engineering at the Mackay School of Mines at the University of Nevada, Reno. Mr. Russell has mine design, mining engineering and underground work experience with companies such as Queenstake Resources, MWH Mining Group, Mine Development Associates, and Golden Phoenix Minerals.

Mr. Russell will be based at the company’s Lakewood, CO office, and will assist in project engineering at the company’s Silverton, Colorado projects, including efforts to re-open the Gold King Mine. Mr. Russell has previously worked as a consultant to the company, conducting diligence activities at the Mexican operations of Besmer, S.A. de C.V. Currently, he is conducting mine planning for expansion of Besmer’s mines. Mr. Russell will work on a majority time basis for the company, and will continue his consulting as a mining analyst for a major precious metals publication.