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Clifton Mining Co CFTN

Clifton Mining Co is primarily engaged in property management by joint venturing the properties to other companies including the use of the company's equipment to bring the claims into production and investing in other businesses. It generates revenue through the leasing of its properties and milling equipment to third parties, either by receipt of direct leasing fees or joint venture relationships and the receipt of net smelter royalty payments.


OTCPK:CFTN - Post by User

Post by AveragePennyon Oct 28, 2021 1:18pm
74 Views
Post# 34059658

Clifton Mining Company "Annual Meeting"

Clifton Mining Company "Annual Meeting"

Clifton Mining Company has received the production and sales report from Desert Hawk Gold Corp. (Desert Hawk) for the month of September 2021.  Desert Hawk, reported that during the month they sold 178 ounces of gold and 178 ounces of silver, from metals recovered from the leach pad. During the month, they also reported that an additional 9,614 tons of ore were crushed and added to the leach pad. Currently, there are an estimated 1,741 recoverable ounces of gold still on the pad. The average blasted gold ore grade going on the leach pad has also continued to increase over previous historical grades, with this month's average up to 0.0267 ounces per ton. Tonnage mined has been restricted by permitting limitations, but Desert Hawk management believes additional permits are soon forthcoming with the required notice period now complete, with no registered objections.  Desert Hawk reports that the expanded permits will enable them to mine significantly greater tonnages.  Clifton owns 5.81 million shares of Desert Hawk, as well as the property on which the operation resides. 

Clifton's new website is now active and contains links to several of the Company's independent geological reports.  Management invites all who have interest to read the reports and learn more about the history of the property and some of the exploration and development work that has occurred.  The new website also contains a flyover view of the Kiewit mine pit and heap leach operations.

https://www.prnewswire.com/news-releases/clifton-mining-company-otcbb-cftn-clifton--annual-meeting-301411208.html

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