Clifton Mining Company Inc. (OTC : CFTN)
ALPINE, Utah, Aug. 7, 2012 /PRNewswire/ – Clifton Mining Company (the
“Company”) has just received its final permits from the Utah Department
of Oil, Gas and Mining to place its wholly-owned Alvarado Mine into
production. Historically, this was a low-tonnage mine that, from the
1880s into the late 1920s, produced some of the highest grades of gold
in the country. Chip and channel sampling have identified high-grade
material from which gold has been efficiently recovered.
The historic mine has not been adequately drilled, and at this time
geometry, tonnage, and average grade are not known. Preliminary
sampling suggests there is material that could be profitably mined and
processed. Should the limited mining and processing program meet
expectations, the Company intends to begin a drill program seeking to
better define an ore body.
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