UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                    FORM 10-Q

|X|  Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange
     Act of 1934 For the quarterly period ended December 31, 2012


||   Transition Report pursuant to 13 or 15(d) of the Securities Exchange Act of
     1934 For the transition period _____________to______________

                        Commission File Number 333-174872

                            COLORADO GOLD MINES, INC.
                      ------------------------------------
                          (Exact name of small Business
                           Issuer as specified in its
                                    charter)

                Nevada                                68-0681435
  ---------------------------------         ------------------------------
   (State or other jurisdiction of         (IRS Employer Identification No.)
    incorporation or organization)

              3896 Ruskin Street
              Las Vegas, NV 89147                     80162-0490
----------------------------------------    ------------------------------
(Address of principal executive offices)         (Postal or Zip Code)



          Issuer's telephone number, including area code: 702-553-5308

                         -------------------------------
   (Former name, former address and former fiscal year, if changed since last
                                    report)

Check  whether the issuer (1) filed all reports  required to be filed by Section
13 or 15(d) of the  Securities  Exchange  Act of 1934  during the  preceding  12
months (or for such  shorter  period  that the issuer was  required to file such
reports),  and (2) has been subject to such filing  requirements for the past 90
days:
|X| Yes    || No

Indicate by check mark whether the registrant has submitted  electronically  and
posted on its corporate website. If any, every Interactive Data File required to
be submitted and posted  pursuant to Rule 405 of Regulation  S-T  (ss.232.405 of
this chapter)  during the  preceding 12 months (or for such shorter  period that
the registrant was required to submit and post such file). |X| Yes || No

Indicate by check mark whether the registrant is a large  accelerated  filer, an
accelerated  filer, or a  non-accelerated  filer. See definition of "accelerated
filer and large  accelerated  filer" in Rule 12b-2 of the Exchange  Act.  (Check
one):

Large accelerated filer    ||                 Accelerated filer         ||
Non-accelerated filer      ||                 Small reporting company   |X|

Indicate by check mark whether the  registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act).
||Yes   |X| No

State the number of shares outstanding of each of the issuer's classes of common
stock, as of the latest  practicable date:  67,500,000 shares of common stock as
of February 7, 2013.

                                       1
<PAGE>

                            COLORADO GOLD MINES, INC
                          formerly CASCADE SPRINGS LTD.
                         (An Exploration Stage Company)
                                  BALANCE SHEET

                                     ASSETS
                                               December 31, 2012  March 31, 2012
                                               ---------------------------------
                                                           (Unaudited)
Current assets:
Cash                                           $           25      $      3,298
                                               ---------------------------------
Total current assets                           $           25      $      3,298
                                               ---------------------------------
Total assets                                   $           25      $      3,298
                                               =================================

                                 LIABILITIES AND
                                  STOCKHOLDERS'
                                     DEFICIT

Current liabilities:
Accounts payable                               $       26,853      $         --
Accounts payable, former
Officer and Director                                   72,000             5,604
Loan  from former
officer and director                                   33,950            68,880
Notes payable, unrelated
party                                                  28,027
                                               ---------------------------------
Total current liabilities                              160,830            74,484
                                               ---------------------------------
Total liabilities                                      160,830            74,484
                                               ---------------------------------




Common stock, $0.001 par value,                        67,500            67,500
100,000,000 shares authorized,
67,500,000 shares issued and
outstanding at December 31, 2012
and March 31, 2012, respectively

Preferred stock, $0.0001 par value,                       800                --
20,000,000 shares authorized,
8,000,000 shares outstanding at
December 31, 2012 and no shares
isuued atMarch 31, 2012

Additional paid-in capital                         13,862,370           (41,025)
Deficit accumulated during the exploration stage  (14,091,475)          (97,661)
                                                   -----------------------------
Total stockholders' deficit                          (160,805)          (71,186)
                                                   -----------------------------
Total liabilities and stockholders' deficit         $      25       $     3,298
                                                   =============================



         The accompanying notes are an integral part of these financial
statements.

                                       2
<PAGE>

                            COLORADO GOLD MINES, INC
                          formerly CASCADE SPRINGS LTD.
                         (An Exploration Stage Company)

                            STATEMENTS OF OPERATIONS

         For the three and nine months ended December 31, 2012 and 2011
            and the period from January 19, 2010 (inception) through
                                December 31, 2012
                                   (Unaudited)
<TABLE>
<S>                              <C>              <C>               <C>               <C>              <C>
                                                                                                    Inception
                           Three months      Three months       Nine months        Nine months       through
                          ended December    ended December  ended December 31,   ended December    December 31,
                             31, 2012          31, 2011            2012             31, 2011           2012
                         ----------------------------------------------------------------------------------------
Costs and expenses:

Mineral exploration      $         --        $         --     $         --        $       903        $   10,582
General and
   administrative              15,000              30,585          137,640             63,641           214,615
                         -------------       -------------    -------------       ------------       -----------
     Total expenses            15,000              16,861          137,640             64,544           225,197
                         -------------       -------------    -------------       ------------       -----------

Net loss from operations      (15,000)            (30,585)        (137,640)           (64,544)         (225,197)

Impairment expense        (13,760,000)                 --      (13,860,000)                --       (13,868,000)
Cancellation of
Common Stock                    5,000                                5,000                                5,000
Interest expense                   --                (799)          (1,174)            (1,032)           (3,278)
                         -------------       -------------    -------------       ------------       -----------
     Net loss           $ (13,770,000)       $    (31,384)    $(13,993,814)       $   (65,576)     $(14,091,475)
                         -------------       -------------    -------------       ------------       -----------
Net loss per share:
  Basic and diluted    $       ( 0.00)       $     ( 0.00)    $     ( 0.00)       $    ( 0.00)
                         =============       =============    =============       ============

Weighted average shares
outstanding:
Basic and diluted          69,160,000           67,500,000      67,500,000          7,500,000
                         =============       =============    =============      ============

</TABLE>

   The accompanying notes are an integral part of these financial statements.

                                       3
<PAGE>

                            COLORADO GOLD MINES, INC
                          formerly CASCADE SPRINGS LTD.
                         (An Exploration Stage Company)

                             STATEMENT OF CASH FLOWS

          For the nine months ended December 31, 2012 and 2011 and the
       period from January 19, 2010 (inception) through December 31, 2012
                                   (Unaudited)

                         Nine months ended  Nine months ended  Inception through
                         December 31, 2012  December 31, 2011  December 31, 2012
                        --------------------------------------------------------

OPERATING ACTIVITIES

Net loss                      $(13,993,814)     $  (65,576)        $(14,091,475)

Adjustment to reconcile net
loss to cash used in
operating activities:

Impairment expense             13,860,000               --           13,868,000
Forgivness of Loan                 48,470               --               48,470
Gain on Common Stock
Cancellation                       (5,000)              --               (5,000)
Stock based compensation              725            1,450                2,900

Net change in:

Accounts payable                   26,853               --               26,853
Accounts payable, related
party                              66,396            5,532               72,000
                          ------------------------------------------------------

CASH FLOWS USED IN OPERATING        3,630          (58,594)             (78,252)
                          ------------------------------------------------------
ACTIVITIES

INVESTING ACTIVITIES
Purchase of mineral property           --               --               (8,000)
                          ------------------------------------------------------


CASH FLOWS USED IN INVESTING           --               --               (8,000)
                          ------------------------------------------------------
ACTIVITIES

FINANCING ACTIVITIES:
Proceeds from issuance of
common stock                           --               --               24,300
Proceeds from Notes
Payable, unrelated party           61,977               --               28,027
Proceeds from related party
advances, net                     (68,880)          48,470               33,950
                          ------------------------------------------------------

CASH FLOWS PROVIDED BY
FINANCING ACTIVITIES               (6,903)          48,470               86,277
                          ------------------------------------------------------

NET CHANGE IN CASH                 (3,273)         (10,124)                 25


Cash, beginning of period           3,298           10,467                  --
                          ------------------------------------------------------

Cash, end of period                    25              343                  25
                          ======================================================

SUPPLEMENTAL CASH FLOW
INFORMATION


Cash paid on interest
expenses                      $        --       $       --
                          ====================================


Cash paid for income taxes    $        --       $       --
                          ====================================

NON CASH TRANSACTIONS:

Issuance of preferred stock
for Keeno Option              $ 13,760,000      $       --         $ 13,760,000


    The accompanying notes are an integral part of these financial statements.

                                       4
<PAGE>

                            COLORADO GOLD MINES, INC.
                          Formerly CASCADE SPRINGS LTD.
                         (An Exploration Stage Company)
                        NOTES TO THE FINANCIAL STATEMENTS
                                December 31, 2012
                                   (UNAUDITED)

Note 1 Basis of Presentation

     The accompanying  unaudited interim  financial  statements of Colorado Gold
     Mines, Inc. (formerly Cascade Springs,  Ltd.) ("CGM" or the "Company") have
     been prepared in accordance with accounting  principles  generally accepted
     in the  United  States  of  America  and the  rules of the  Securities  and
     Exchange  Commission  ("SEC"),  and should be read in conjunction  with the
     audited  financial  statements and notes thereto contained in the Company's
     Annual  Report  filed  with the SEC on Form 10-K on June 14,  2012.  In the
     opinion of  management,  all  adjustments,  consisting of normal  recurring
     adjustments,  necessary for a fair  presentation of financial  position and
     the results of  operations  for the  interim  periods  presented  have been
     reflected herein. The results of operations for the interim periods are not
     necessarily  indicative  of the results to be  expected  for the full year.
     Notes to the financial  statements that would  substantially  duplicate the
     disclosure  contained in the audited financial  statements for fiscal 2012,
     as reported on the Form 10-K of the Company, have been omitted.

     General

     The Company is in the exploration stage, and is in the process of exploring
     and evaluating its mineral properties and determining  whether they contain
     ore reserves  that are  economically  recoverable.  The  recoverability  of
     amounts  shown for mineral  properties  is dependent  upon the discovery of
     economically recoverable ore reserves, the ability of the Company to obtain
     the  necessary  financing  to  complete  development,  confirmation  of the
     Company's  interest  in the  underlying  mineral  claims  and  upon  future
     profitable  production or proceeds from the  disposition  of all or part of
     its mineral properties.


Note 2  Going Concern

     These financial  statements have been prepared in accordance with generally
     accepted accounting principles applicable to a going concern, which assumes
     that the Company  will be able to meet its  obligations  and  continue  its
     operations   for  its  next  fiscal   year.   Realization   values  may  be
     substantially  different from carrying  values as shown and these financial
     statements do not give effect to adjustments that would be necessary to the
     carrying values and  classification  of assets and  liabilities  should the
     Company be unable to continue as a going concern. At December 31, 2012, the
     Company had not yet achieved profitable operations,  has accumulated losses
     of $(14,091,475)  and expects to incur further losses in the development of
     its  business,  all of which raise  substantial  doubt about the  Company's
     ability to continue as a going concern.  The Company's  ability to continue
     as a going  concern  is  dependent  upon its  ability  to  generate  future
     profitable  operations and/or to obtain the necessary financing to meet its
     obligations  and  repay  its  liabilities   arising  from  normal  business
     operations  when they come due.  Management  has no formal plan in place to
     address this concern

                                       5
<PAGE>

     but considers that the Company will be able to obtain  additional  funds by
     equity  financing  and/or  related  party  advances,  however  there  is no
     assurance of additional funding being available.

Note 3  Related Party Transactions

     Part of the related  party  advance is due to a director of the Company for
     funds advanced.  The advance is unsecured,  non-interest bearing and has no
     specific terms for repayment.  Another part of the related party advance is
     due to Mr. Sawatsky, a former consultant and warrant holder of the Company,
     for funds  advanced with a 10% interest rate and has no specific  terms for
     repayment. Interest accrual was cancelled July 1, 2012.

     Beginning April 1, 2011, Mr.  Delahunte,  the Company's  former  President,
     began receiving $1,500 per month,  when available,  for services  rendered.
     Mr.  Delahunte has since  resigned and is no longer  related to the Company
     and is not receiving any compensation.

     Mr.  Delahunte,  the  Company's  former  President  and Mr.  Sawatsky,  the
     Company's former consultant,  previously  advanced $48,470 to this company.
     Mr.   Delahunte  and  Mr.  Sawatsky  agreed  to  forgive  and  cancel  that
     obligation.   Accordingly,   effective  December  30,  2011,  this  $48,470
     obligation of the Company has been extinguished.

     On June 6, 2012, Robert Sawatsky loaned the Company $8,000.  The loan has a
     5% interest rate and matures June 7, 2014.  Interest  accrual was cancelled
     July 1, 2012.

     The Company was charged the following by directors of the Company:

                                               Nine months    Nine months ended
                                             ended December   December 31, 2011
                                                31, 2012
                                            -----------------------------------

                       Management fees             $  -          $ 9,000

                                            ===================================

Note 4  Commitments

     On July 1, 2011,  the Company  entered  into a  consulting  agreement  (the
     "Agreement")  with a consultant.  In  accordance  with the  Agreement,  the
     Company granted the consultant warrants to purchase 5,400,000 shares of the
     Company's  common  stock  at an  exercise  price of $0.10  per  share.  The
     warrants  were held in escrow and were given to the  consultant  quarterly.
     The  warrants  expire on July 1, 2014.  The fair value of the  warrants was
     $2,900 and was  recognized  over the  twelve  months  ended June 30,  2012.
     Subsequently, this transaction was cancelled and the warrants were returned
     to the Company.


Note 5  Equity

     On July 3, 2012 Denver  Equity  Corporation,  a  corporation  controlled by
     Kelly Fielder  purchased  41,250,000  shares of the Company's  common stock

                                       6
<PAGE>

     from Willaim Delahunte,  then an officer and director of the Company,  this
     transaction resulted in a change of control of the Company.

     On July 9,  2012  the  Company's  directors,  and  shareholders  holding  a
     majority  of  the  outstanding  common  stock  of  the  Company,   approved
     amendments to the Company's Articles of Incorporation  changing the name of
     the Company to Colorado Gold Mines,  Inc. and  authorizing  the issuance of
     10,000,000  shares of preferred  stock.  The  amendment  was filed with the
     Nevada  Secretary  of State on July 12, 2012.  The change in the  Company's
     name became effective in the over-the-counter market on July 30, 2012.

     On July 27, 2012 the Company, through a wholly-owned subsidiary, acquired a
     50% interest in Union Milling  Company,  LLC  ("Union")  from Denver Equity
     Corporation in exchange for 5,000,000 shares of the Company's common stock.
     Union's assets consist of approximately  21 acres of real property,  an ore
     processing mill and various milling  equipment.  The mill has been inactive
     since 1997 and was purchased by Union in 2007.

     On September  20, 2012 Denver Equity  Corporation  lost its 50% interest in
     Union due to its inability to comply with the terms of its  agreement  with
     Union.  Consequently,  the Company no longer has any  interest in Union and
     its  investment  in Union has been changed to current  period  losses as an
     impairment  charge.  The 5,000,000 shares of common stock previously issued
     to Denver Equity were returned to the Company and cancelled.

     On December  3, 2012  Natalie  Gorman  purchased  41,250,000  shares of the
     Company's common stock from Kelly Fielder,  then an officer and director of
     the Company.  This  transaction  resulted in a change in the control of the
     Company.  On December 31, 2012 the Company entered into an Option Agreement
     with Global Resource Search Group,  Inc. The agreement  granted the Company
     an option to purchase 12  unpatented  mining claims and one mill site claim
     located in Clark County, Nevada (the "Property").  In consideration for the
     option,  the Company issued to Global  8,000,000 shares of preferred stock.
     Each  preferred  share  entitles the holder to 40 votes on any matter which
     the Company's  shareholders  are entitled to vote and is convertible at any
     time, at the option of the holder, into four shares of the Company's common
     stock;  In order to exercise the option,  the Company will have to: (i) pay
     Global  $500,000 by March 15,  2013;  (ii) raise  $2,500,000  by August 31,
     2013; and (iii) spend  $2,500,000 on mining  exploration and development on
     the Property by December 31, 2014. Upon exercise of the option, Global will
     convey a 100% interest in the Property to the Company, but will retain a 5%
     net smelter return in any production from the Property.

     At the present time the property is undeveloped and has no proven reserves.

     The Option Agreement pertains to the Keeno Strike gold and silver property.
     The property consists of 12 unpatented  20-acre  lode-mining claims and one
     5-acre  mill site claim  located in Clark  County,  Nevada.  The claims are
     located near the historical  Monte Cristo Mine and the Keeno-Mint  workings
     near Porter Wash near Interstate Highway 15.

     The Keeno Strike  property is located  approximately  30 miles southwest of
     Las  Vegas in the  historical  mining  district  known  as the  Goodsprings
     District that contains  deposits of gold,  silver,  copper,  cobalt nickel,
     zinc and lead.  One of the many mines in this  district  that  historically
     produced  ore is the Yellow Pine mine about seven  miles  northwest  of the
     Keeno Strike property, which contained over 1.4 million ounces of silver.

     In January,  2013 the directors of the Company and a shareholder  holding a
     majority of the Company's  outstanding  shares  approved  amendments to the
     Company's  Articles of  Incorporation  increasing  the number of authorized
     shares of common stock to  500,000,000  shares and increasing the number of
     authorized shares of preferred stock to 20,000,000 shares.

                                      7
<PAGE>

                           FORWARD LOOKING STATEMENTS

     The   information   contained   in  this   Form   10-Q   contains   certain
forward-looking  statements  within the meaning of Section 27A of the Securities
Act of 1933, as amended,  Section 21E of the Securities Exchange Act of 1934, as
amended,  and the  Private  Securities  Litigation  Reform  Act of  1995.  These
forward-looking  statements  involve risks and  uncertainties,  including  among
other things,  statements  regarding our capital  needs,  business  strategy and
expectations.  Any  statement  which does not contain a  historical  fact may be
deemed  to be a  forward-looking  statement.  In some  cases,  you can  identify
forward-looking  statements  by  terminology  such as "may",  "will",  "should",
"expect",  "plan", "intend",  "anticipate",  "believe",  "estimate",  "predict",
"potential"  or  "continue",  the  negative  of such  terms or other  comparable
terminology.  In evaluating  forward  looking  statements,  you should  consider
various factors outlined in our latest Form 10-K, filed with the U.S. Securities
Exchange  Commission  ("SEC") on June 14, 2012, and, from time to time, in other
reports we file with the SEC.  These  factors  may cause our  actual  results to
differ materially from any forward-looking statement. We disclaim any obligation
to publicly  update these  statements,  or disclose any  difference  between our
actual results and those reflected in these statements.

Item 2. Management's  Discussion and Analysis of Financial Condition and Plan of
        Operation.

     The Company was  incorporated  in Nevada as Cascade Springs Ltd. on January
19, 2010. In 2012 the Company amended its Articles of Incorporation changing the
its name to Colorado  Gold Mines,  Inc. The  amendment was filed with the Nevada
Secretary  of  State  and  the  Company's  new  name  became  effective  in  the
over-the-counter market on July 30, 2012.

     On July 27, 2012 the Company, through a wholly owned subsidiary, acquired a
50%  interest  in Union  Milling  Company,  LLC  ("Union")  from  Denver  Equity
Corporation  in exchange for  5,000,000  shares of the  Company's  common stock.
Denver  Equity  Corporation  is  controlled  by the  Company's  sole officer and
director.

      On September 20, 2012 Denver Equity Corporation lost its 50% interest in
Union due to its inability to comply with the terms of its agreement with Union.
Consequently, the Company no longer has any interest in Union and its investment
in Union has been expensed.

     On December  31, 2012 the Company  entered  into an Option  Agreement  with
Global Resource Search Group,  Inc. The agreement  granted the Company an option
to purchase 12  unpatented  mining  claims and one mill site claim (known as the
"Keeno Strike" property)  located in Clark County,  Nevada. In consideration for
the option,  the Company issued 8,000,000 shares of its Series A preferred stock
to Global. Each preferred share entitles the holder to 40 votes on any matter on
which the Company's  shareholders are entitled to vote and is convertible at any
time,  at the option of the  holder,  into four shares of the  Company's  common
stock;  In order to  exercise  the option,  the Company is required  to: (i) pay
Global $500,000 by March 15, 2013; (ii) raise $2,500,000 by August 31, 2013; and
(iii) spend $2,500,000 on mining  exploration and development on the property by
December  31,  2014.  Upon  exercise  of the  option,  Global will convey a 100%
interest in the property to the Company, but will retain a 5% net smelter return
in any production from the property.

     At the present time the property is undeveloped and has no proven reserves.

                                      8
<PAGE>

     The Company's new  management  and  controlling  shareholder  have plans to
develop the Company  into a silver and  precious  metals  producer.  The initial
transaction  to  accomplish  this plan is the Option  Agreement  to purchase the
Keeno Strike property as described above in. There can no no assurance that this
transaction will be completed as described  because it is based on future events
which may or may not take place as planned.

     As of December 31, 2012,  the Company had a  non-binding  arrangement  with
Global  Resource Search Group,  Inc. to provide the Company with capital.  There
can be no assurance that Global Resource  Search Group,  Inc. will be successful
in raising any capital required by the Company,  Further,  there is no assurance
that if an alternative source of capital is offered, it will be subject to terms
considered acceptable.

     The Company did not have any off balance sheet  arrangements as of December
31, 2012.



Item 4.  Controls and Procedures.

     (a)  The Company maintains a system of controls and procedures  designed to
          ensure that  information  required to be disclosed in reports filed or
          submitted under the Securities Exchange Act of 1934, as amended ("1934
          Act"),  is recorded,  processed,  summarized and reported  within time
          periods  specified  in the SEC's  rules  and forms and to ensure  that
          information  required to be  disclosed  by it in the  reports  that it
          files or submits under the 1934 Act is accumulated and communicated to
          the Company's management,  including the Company's Principal Executive
          and  Financial  Officer,  as  appropriate  to allow  timely  decisions
          regarding required disclosure.  As of December 31, 2012, the Company's
          Principal  Executive and Financial Officer evaluated the effectiveness
          of the design and operation of its disclosure controls and procedures.
          Based  on that  evaluation,  the  Company's  Principal  Executive  and
          Financial Officer concluded that the Company's disclosure controls and
          procedures were effective.

     (b)  There were no changes in the Company's internal control over financial
          reporting  during the quarter ended December 31, 2012 that  materially
          affected, or are reasonably likely to materially affect, the Company's
          internal control over financial reporting.

                                     PART II

Item 6.  Exhibits.

Exhibits

  31.1  Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

  31.2  Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

  32    Certification pursuant to Section 906 of the Sarbanes-Oxley Act.

                                       9
<PAGE>

                                   SIGNATURES

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.


                                     COLORADO GOLD MINES, INC.


February 14, 2013             By:  /s/ William K. Lundy
                                   ------------------------------------
                                   William K. Lundy, Principal Executive Officer

February 14, 2013             By:  /s/ Thomas W. Randall
                                   ------------------------------------
                                  Thomas  W. Randall, Principal Financial and
                                  Accounting Officer