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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 Mar 24, 2022 10:50am
74 Views
Post# 34541299

Clifton Mining Company (OTCBB: CFTN) (Clifton) - March 2022

Clifton Mining Company (OTCBB: CFTN) (Clifton) - March 2022

Production - Clifton Mining Company has received the January 2022 production report from Desert Hawk Gold Corp.  In January, Desert Hawk sold 261 ounces of gold and 286 ounces of silver recovered from the leach pad. They also crushed 13,307 tons of ore, added 137 recoverable ounces to the leach pad, and they estimate that they have 4,140 recoverable ounces of gold still remaining on the leach pad.

Production in the next few months may be limited, due to the delay that Desert Hawk has encountered with its pending expansion permit, which they have been working on for the past couple of years. We're hopeful that they'll receive it sooner than later and we'll keep everyone updated.

For more information on Clifton, please see the Company's website at https://www.cliftonmining.com. Clifton trades on the OTC Markets under the symbol: "CFTN". For phone contact, please feel free to call Dr. Ken Friedman, President at 303-642-3134.

https://www.prnewswire.com/news-releases/clifton-mining-company-otcbb-cftn-clifton--march-2022-update-report-301509827.html

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