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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 Jan 25, 2022 10:10am
78 Views
Post# 34357663

Clifton Mining Company - "December Production Report"

Clifton Mining Company - "December Production Report"

AMERICAN FORK, UtahJan. 25, 2022 /PRNewswire/ - Production - Clifton Mining Company has received the December 2021 production report from Desert Hawk Gold Corp. In December, Desert Hawk sold 423 ounces of gold and 454 ounces of silver recovered from the leach pad. They also crushed 17,909 tons of ore, added 199 recoverable ounces to the leach pad, and they estimate that they have 4,264 recoverable ounces of gold still remaining on the leach pad.

This is a new monthly record for Desert Hawk in both gold and silver sales.  Significantly, Desert Hawk has been able to continue to mine and process ores in the dead of winter. This is a measure of Desert Hawk's increased planning and efficiency in achieving throughput.  They are also still waiting for their project expansion permit approval.

Clifton has several different mineral outcrops on its large property block, each with the potential of stand-alone projects. For more information on different areas on the property, please see the "Property Reports" section on the Company's website at https://www.cliftonmining.com. For more information on the Company's mineral resources, please see section 6 of the Updated Behre Dolbear Report found under the "Shear Zone Summary Report," in the Property Reports section. 

https://www.prnewswire.com/news-releases/clifton-mining-company-otcbb-cftn-clifton--december-production-report-301467426.html

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