QUEBEC CITY, QUEBEC--(Marketwired - June 19, 2013) -Clifton Star Resources Inc. ("CFO" or "Clifton") (TSX VENTURE:CFO)(FRANKFURT:C3T) is pleased to announce the assay results for an additional 7 drill holes from its 2013 Duparquet Project drill program. Clifton Star continues to obtain good assay results from its ongoing drill program on the Duparquet Project.
The drill holes listed in this press release will notbe included in the upcoming resource estimate update, as they were completed after the May 6thcut-off date.
Drill Highlights include:
- Hole BD13-22 with 34.0 meters grading 5.64 g/t Au (North Zone), including 11.7 metres grading 8.36 g/t Au and 7.5 metres grading 7.21 g/t Au.
- Hole D13-18 with 5.0 meters grading 5.58 g/t Au (South Zone), including 2.5 metres grading 9.45 g/t Au
- Hole CD13-12 with 6.0 meters grading 2.16 g/t Au (CD Zone)
Diamond Drilling Program
Clifton continues to delineate and increase the resources in the Duparquet Project by diamond drilling with 2 drill rigs. The drill results listed in this press release are from shallow (<100m vertical) holes that were drilled within or at the edge of the current pit shell in order to increase our confidence in the resource. (Click here for Figure 1). The attached table includes the most recent highlights from the 2013 drill program (Click here for Table 1). The true thicknesses of the intersections are typically 60% to 70% of the core lengths.
2013 Activities
Clifton has started a Pre-Feasibility Study on the Duparquet Project that will incorporate the results of the new resource estimate and the Pilot Plant tests.
Clifton has completed its Pilot Plant tests with SGS Minerals in Lakefield, Ontario, and is currently waiting for the final analysis and environmental work on the tailings. These metallurgical tests examined the POX (Pressure Oxidization) flow sheet, as incorporated in the recently released PEA, as well as the potential to produce a High-Grade Gold Concentrates as an alternative process. The High-Grade Concentrate would only involve a flotation process, could be sold to Smelters, and would possibly result in lower Capex and Opex costs for the Duparquet Project. The permitting process would also be simplified. The results of the POX process and High-Grade Concentrate process are expected shortly from SGS Minerals, and will be incorporated into the Pre-Feasibility Study.
A new resource estimate is currently in the process of being prepared, and will include 97 drill holes completed during the 2012-13 Duparquet Project drill program as well as the results of the resampling of 19 holes from the Dumico property. This resource estimate is expected to be available at the end of June 2013.
Technical Information and Qualified Persons
Diamond drill holes are drilled to recover NQ size core. The core samples are logged and sampled prior to being transported directly by the Company to Activation Laboratories Ltd. (Ste-Germaine de Boule), an independent accredited laboratory, for assay analysis. The assay analyses performed during Clifton's drill programs are subject to a formal quality assurance and quality control (QA/QC) program, with standard reference materials, blanks, and field duplicate samples inserted prior to shipment from site to monitor the quality control of the data. Samples with higher grade gold (greater than 10 grams per tonne) are re-assayed using a gravimetric and/or pulps and metallic procedure. All gold results reported are cut, with individual assays greater than 25 grams per tonne cut to 25 grams.
Clifton's exploration team designed and executed the 2013 drilling program under the supervision of Clifton's Vice President of Exploration, Mr. Louis Martin. The content of this news release has been written and approved by Mr. Louis Martin, P.Geo, a Qualified Person as defined by National Instrument 43-101.
Neither the TSX Venture Exchange nor its Regulations Services Provider (as the term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement on Forward Looking Information
Certain information included in this press release, including any information as to our future exploration, financial or operating performance and other statements that express management's expectations or estimates of future performance, constitute 'forward-looking statements' within the meaning of the 'safe harbor' provisions of the United States Private Securities Litigation Reform Act of 1995 and Canadian securities laws. The words 'expect', 'believe', 'will', 'intend', 'estimate' and similar expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties, risks and contingencies, including the possibility that drill programs will not yield the expected results. The Company cautions the reader that such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual financial results, performance or achievements of Clifton Star Resources to be materially different from the Company's estimated future results, performance or achievements expressed or implied by those forward-looking statements and that the forward-looking statements are not guarantees of future performance. These statements are also based on certain factors and assumptions. For more details on these estimates, risks, assumptions and factors, see the Company's most recent Form 20-F/Annual Information Form on file with the U.S. Securities and Exchange Commission and Canadian provincial securities regulatory authorities. The Company disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, events or otherwise, except as expressly required by law. Readers are cautioned not to put undue reliance on these forward-looking statements.
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