Clifton Mining Company has just been issued two new small mine permits from US and State Government agencies. The new permits were issued on the Lost Mine Road Mine and the Cactus Mill areas. Said Keith Moeller VP, Property Development, "These are important permits to now have in our hands and the timing of the granting of these permits could not have been better. The Lost Mine Road Permit is located within our Clifton [...]
Clifton Mining Company has received the report that for November 2020, Desert Hawk Gold Corp. sold 314 ounces of gold and 261 ounces of silver recovered from the leach pad. They also drilled 241 holes, crushed 22,491 tons of ore, and added 437 ounces of gold to the leach pad. There are currently 4,841 ounces of recoverable gold on the leach pad. Clifton owns 5.81 million shares of Desert Hawk. Notice of Distribution [...]
Clifton Mining Company has received the report that for August 2020, Desert Hawk Gold Corp. sold 354 ounces of gold and 283 ounces of silver recovered from the leach pad. They also drilled 1,285 holes, crushed 52,033 tons of ore, added 607 recoverable ounces to the leach pad, and estimate that they have 4,630 recoverable ounces of gold remaining on the leach pad. Clifton owns 5.81 million shares of Desert Hawk. Please see [...]
Pursuant to the Company's Share Repurchase Plan, the Company has been able to buy back 1,617,374 shares of common stock. All these shares are currently being held as treasury stock. Said management, "we believe that by reducing the float, that this should have a positive impact for shareholder value." Exploration, Development, and Production - Clifton Mining Company has received the report that for July 2020, Desert Hawk [...]
Clifton Mining Company has received the report that for June 2020, Desert Hawk Gold Corp. drilled 1,397 development holes and crushed 38,861 tons of ore averaging 0.0105 ounces per ton of recoverable gold. Desert Hawk placed on the leach pad 527 recoverable ounces, and current estimates are that the pad currently contains 4,160 ounces of recoverable gold. Desert Hawk plans to increase its production in the months ahead [...]
Clifton Mining Company has received the report that for May 2020, Desert Hawk drilled a record number of exploration and development holes. It crushed a near-record 60,000 tons of ore, and it placed on the leach pad a near-record 1,213 ounces of gold with an estimated 813 ounces recoverable. There are now more than 4,000 estimated recoverable ounces of gold on the pad. Desert Hawk also sold 242 ounces of gold during the [...]
Clifton Mining Company has released its audited consolidated financial statements for the years ended December 31, 2019 and 2018. The consolidated statements have been posted on the Company's website at https://www.cliftonmining.com/file/0ac3d278-2e42-4ce7-85c8-d446c335099e and on the OTC informational portal. The 2019 and 2018 audited results show the Company had net income of $5,040,098 and 318,161, respectively. Basic [...]
Clifton Mining Company has received the report that in February Desert Hawk Gold Corp.'s gold sales on the Kiewit heap leach project were just over $500,000. With gold prices growing stronger, it's anticipated that Desert Hawk will see significant growth this year in its production revenues at the Kiewit project. Please see the new videos on Clifton's website or on YouTube at [...]
Clifton Mining Company – Share Repurchase Plan. Clifton hereby announces that its Board of Directors has authorized a stock repurchase program, under which Clifton may repurchase up to $800,000 of its outstanding common stock. Under this stock repurchase program, Clifton may repurchase shares in accordance with all applicable securities laws and regulations, including Rule 10b-18 of the Securities Exchange Act of [...]
Clifton Mining Company held its annual shareholder meeting on Friday, October 25, 2019, at 12:30 p.m. in the Alpine Arts Center, Alpine, Utah. A quorum was present and all six directors were re-elected for their designated terms and the appointed auditors were also approved. Ken Friedman addressed the question that had been raised by a number of shareholders pursuant to the management's decision to exchanged its five [...]
Clifton Mining Company - Leaching Begins Again - Desert Hawk Gold Corp. started their leaching circuit again this past week. They are currently mining ore seven days a week from the Kiewit zone. Their target goal is 5,000 tons each day and they expect to continue mining and leaching through the winter. In the last few months, they have mined about 200,000 tons and have placed about 50,000 tons of new crushed ore on [...]
Clifton management is pleased to announce the acquisition of 44 additional patent mining claims. This purchase more than doubles the current number of 38 patented mining claims owned by the Company to a new total of 82 patented mining claims. These new patented mining claims add an additional 731 acres, taking the total number of acres owned or controlled by the Company to more than 14,000 acres. These new claims are [...]
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