C.R.S. § 34-53-105

Any person, association of persons, or corporation in the peaceful possession of any mining claim, under claim or color of title, and engaged in the mining and sale of ores therefrom, as to all persons purchasing such ore, in good faith and without notice, as provided in section 34-53-107 , of the claim of any other person, association, or corporation to such mining claim, shall be deemed to be the owner of such ore.