Clifton Mining Company Inc. (OTC : CFTN) – A New Discovery Plus Permitting Progress
Mining: A New Discovery Plus Permitting Progress
ALPINE, UT, Jan. 18, 2012 /PRNewswire/ – Desert Hawk Gold Corp. [DHGC],
Clifton’s joint venture partner, has discovered what may be an
additional gold deposit in our claim area. The surface area of the
deposit, 900 feet by 600 feet, is three to four times the surface area
of the Kiewit deposit, and from 75 surface samples, the grades appear
similar. DHGC has now received 20 of the 22 permits and licenses
necessary to put the Kiewit project into production. It is working
with both the Utah Department of Oil, Gas, and Mining and the U.S.
Bureau of Land Management to obtain the final two. Once these permits
are received, DHGC is planning to put the Kiewit project into
production, and also to explore and develop this new project.
Clifton received another cash disbursement from American Silver, LLC, a
private silver products company in which Clifton owns approximately
21%. The cash disbursement was the second for the 2011 year, and the
check was for more than $100,000. While year-end numbers have not been
released yet, it appears that American Silver, LLC showed strong growth
Clifton trades on the U.S. OTC: (CFTN).
Note: Any statements released by Clifton Mining Company that are forward
looking are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Editors and investors are
cautioned that forward looking statements invoke risk and uncertainties
that may affect the company’s business prospects and performance.
SOURCE Clifton Mining Company