Colorado Resources Ltd. is in the exploration stage and its principal business activities include the acquisition, exploration and development of mineral properties. The Company's principal assets include the North ROK, Hit and Heart Peaks, properties located in British Columbia, an option to acquire up to a 75% interest in the Eldorado property located in British Columbia, and an option to acquire a 100% interest in the Oro Property located in the Yukon. The North ROK property is 100%-owned by the Company and consists of approximately 15 tenures covering 5,188 hectares. The Oro Property includes over 1,800 mineral claims (36,185 hectares). The Company�s 100%-owned 14,396 hectare Heart Peaks Property is located in northern British Columbia 45 kilometers northeast of the past producing Golden Bear Mine. The Hit Property is located approximately 27 kilometers north of Princeton, and its interests include approximately 60 mineral tenures for approximately 16,960 hectares.