Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended		118 Months Ended
Statements of Cash Flows (Unaudited) (USD $)	Nov. 30, 2013	Nov. 30, 2012	Nov. 30, 2013
Cash Flows Used in Operating Activities:
Net loss	$ (636,404)	$ (1,502,687)	$ (30,482,748)
Adjustments to reconcile net loss to net cash used in operating activities:
Donated services and rent	0	0	29,250
Amortization of debt discount and deferred financing costs	207,455	336,529	6,496,584
Depreciation and amortization	255	1,153	151,925
Gain on derivative liabilities	(83,333)	(98,310)	(647,441)
Impairment of mining rights	2,604	21,910	470,000
Stock issued for services	48,558	251,110	11,550,935
Stock issued for Champion and Silver Wing Mines	0	0	185,000
Stock-based compensation - options	0	0	899,303
Accrued interest	62,062	23,411	628,000
Accretion expense on asset retirement obligation	0	0	191,635
Gain on sale of property, plant and equipment	0	0	(92,792)
Change in operating assets and liabilities:
Increase in restricted cash	0	0	(515,428)
Increase in prepaid expenses and other	0	0	(91,062)
Increase in accounts payable	222,066	771,552	3,615,410
Increase in accrued liabilities	166,769	149,250	2,923,796
Increase in other assets	0	0	(4,743)
Net cash used in operating activities	(9,968)	(46,082)	(4,692,376)
Cash Flows from Investing Activities:
Proceeds from sale of property, plant and equipment	0	0	240,632
Acquisition of property, plant and equipment	0	(43,805)	(764,602)
Net cash used in investing activities	0	(43,805)	(523,970)
Cash Flows from Financing Activities:
Advances received	0	0	405,733
Repayment of advances	0	0	(405,733)
Proceeds from notes from related parties	0	0	581,452
Repayment of advances from related party	0	0	(20,596)
Proceeds from note payable	0	0	124,000
Repayment of notes payable	0	(3,166)	(702,819)
(Cost) proceeds from issuance of convertible debt	(3,000)	105,000	2,471,297
Loan acquisition costs		(13,500)	(293,928)
Proceeds from exercise of warrants	0	0	570
Net proceeds from issuance of common stock	0	0	3,058,494
Net cash (used in) provided by financing activities	(3,000)	88,334	5,218,470
(Decrease) increase in cash	(12,968)	(1,553)	2,124
Cash - Beginning of Period	15,092	6,093	0
Cash - End of Period	2,124	4,540	2,124
Supplemental Disclosures:
Interest paid	909	999	103,094
Non-cash investing and financing activities:
Exchange of accounts payable and accrued liabilities for debt	0	0	246,036
Issuance of common stock to satisfy accounts payable	0	80,493	2,180,268
Issuance of common stock to satisfy accrued liabilities	0	125,400	2,102,682
Issuance of common stock for prepaid expenses	0	0	550,159
Issuance of common stock for mining rights	0	62,500	620,000
Issuance of common stock for work commitment	0	660,834	660,834
Exchange of convertible debt for common shares	269,352	414,721	6,911,379
Exchange of mortgage payable for convertible debt	15,000	0	360,984
Exchange of property, plant and equipment for accounts payable	0	0	2,750
Forgiveness of related party debt and accrued interest	0	0	288,361
Change in estimate of asset retirement obligation	0	0	176,135
Acquisition of land and building:
Cash paid	0	0	250,677
Mortgage note given to seller	0	0	650,000
Asset retirement obligation assumed	0	0	500,000
Assets acquired	$ 0	$ 0	$ 1,400,677

COLORADO GOLDFIELDS INC. 10-Q