Clifton Mining Company

American Silver, LLC, parent company to American Biotech Labs, LLC "ABL" has declared a $0.33 per share distribution, providing approximately $500,000 to Clifton Mining Company, its largest single shareholder.  Together with the distribution of $0.10 issued earlier this year, Clifton has received distributions totaling approximately $655,000 for 2018.  This is the largest total annual amount distributed by American Silver [...]

As previously reported, Desert Hawk Gold Corp. has continued processing on the Kiewit heap leach project and has continued to pay royalties to Clifton.   Desert Hawk is also working on some options to significantly ramp up their production anticipated in the first quarter of 2019. On the biotech side, American Biotech Labs is having an excellent year, thanks to several new large contracts.  Revenues surpassed the total [...]

AMERICAN FORK, UT, July 30, 2018 /PRNewswire/ - Clifton Mining Company – A new report from a major independent company indicates a number of additional potential gold deposits on Clifton Mining Company's Cane Springs Property.  The report indicates that there may be as many as three market grade gold deposits that come to the surface.  Surface assays showed gold values as high as 0.5 oz./ton gold.  The Cane Springs [...]

AMERICAN FORK, UT, May 31, 2018 /PRNewswire/ - American Biotech Labs, LLC has received three new awards including: Total Health Magazine's "Award of Excellence" and two Best of State awards for "Health and Wellness" and "Medical Manufacturing".  ABL is a health and wellness biotech company that continues to innovate products for the medical and health industries and has received a number of FDA clearances for wound [...]

Clifton Mining Company has received notice from Desert Hawk Gold Corp that preliminary operations on the Kiewit heap leach have started up again. Said Keith Moeller, VP Property, "It is good to see that Desert Hawk was able to finish the buyout of their primary lender and has now begin startup operations at the production site. We are looking forward to Desert Hawk making it back into full production." Clifton anticipates [...]

Clifton Mining Company has received notice that Desert Hawk Gold Corp. has closed on an agreement to buy out its main creditor. This will help solve the debt and equity issues with their company and allow them to get back into production on Clifton's Kiewit property. This transaction has helped Desert Hawk Gold Corp. reduce its debt by approximately 89%, opening the door for them to recapitalize and move forward with [...]

Clifton Mining Company received a distribution in December 2017 from its investment in American Silver, LLC of $106,750.  This amount and the amount received in March 2017 totals $320,250. American Silver, LLC sent an update to its shareholders and below is a summary of that information. During 2017, approvals were granted to the company by the Canadian Government on the new cream and lotion products as antimicrobial [...]

Mr. Jerry L. Wilhelm has been appointed to serve as a board member to fill the vacancy left by the passing of Mr. Larrabee (Larry) M. Smith until the next shareholder meeting.  Mr. Wilhelm is a retired Pharmacist with 41 years of medical and business experience, including spending most of his business years as a very active investor both independently and in an investment firm having obtained a Series 7 license.  Mr [...]

AMERICAN FORK, UT, Sept. 27, 2017 /PRNewswire/ - It is with deep sorrow that the Company announces the death of director Larrabee (Larry) M. Smith.  Larry's self-effacing brilliance was surpassed only by his wisdom as a person of profound and gentle understanding.  We wish to convey our condolences to his family. SOURCE Clifton Mining Company Contact For additional information, contact Dr. Ken Friedman, President at [...]

AMERICAN FORK, UT, Sept. 5, 2017 /PRNewswire/ - Clifton Mining Company has received from Desert Hawk Gold Corp. the required annual payment of $50,000 to maintain its lease on the Clifton Shear Zones.  In addition to the lease payment, Desert Hawk has also paid the required annual BLM maintenance fees required on the claims they have under lease from the Company.  Desert Hawk, since it began mining on Company properties [...]