Clifton Mining Company has just released its audited financials for the year ended December 31, 2016 and they are posted on the Company's website and on the OTC informational portal. Audited results show the Company going from a net loss of $719,870 in 2015, to generating a net income of $133,315 in 2016. Earnings from the Company's investment in American Silver, LLC made the largest contribution this year, along with [...]
ALPINE, UT, Dec. 20, 2016 /PRNewswire/ - Happy Holidays The officers and directors of Clifton Mining wish each of you a warm and wonderful Holiday season and a healthy and satisfying 2017. We are hopeful that this coming year will provide some new and important breakthroughs. Shareholder's Meeting Because of another error in the voting process, the official annual meeting has had to be rescheduled again for January 12 [...]
ALPINE, UT, Dec. 7, 2016 /PRNewswire/ - Shareholder's Meeting The annual shareholder meeting was originally schedule for Friday November 11, 2016, however an error occurred in the voting process and the meeting had to be reschedule for December 22, 2016, at 3:30 pm, at the Company's office, which is located at 705 East 50 South, American Fork, Utah. The voting period was extended, therefore if you have voted you do not [...]
ALPINE, UT, May 24, 2016 /PRNewswire/ - Clifton management has received a link to a video prepared by Rick Havenstrite, President of Desert Hawk Gold Corp and his team, providing a visual update on the Kiewit Mine Project. The web address is https://www.youtube.com/watch?v=i7fNEq9cxXM. Desert Hawk Gold Corp. is estimating the Kiewit Mine production to be at least 8,000 ounces of gold this year, which would then provide [...]
ALPINE, UT, April 21, 2016 /PRNewswire/ - Mining Operations After a difficult winter, the snows at Clifton have melted and Desert Hawk Gold Corp. is ramping up production at the Kiewit project. With the infrastructure fully in place and a good bit of only partly-leached ore already on the pad, this year should see a significant increase in gold production. Rick Havenstrite, CEO of Desert Hawk, estimates they will [...]
Mining Operations Desert Hawk has encountered a number of obstacles well beyond the standard ones confronted by most start-up heap leaches. Most notably, unusual torrential rains both interfered with the loading of ore and also diluted the lixiviant used to recover the gold. As a result, the ramp-up of production has been slower than initial estimates. Still, Desert Hawk has produced nearly 4,000 ounces of gold, and [...]
Desert Hawk Mining, Clifton's partner at Kiewit, has just received approval to expand the current Kiewit open pit operations to the east. This should roughly double the size of the pit, substantially increasing both the rate of production and the mine life. New drilling, revealing a continuation of the grades of the open pit to the east of current operations, shows that the system is not limited to the immediate area of [...]
Mining Operations The Management of Clifton Mining has recently completed an onsite inspection of the Desert Hawk Gold Corp. heap leach operation. Now that the weather is cooperating, the project has moved from limited winter production back into full swing operations. Mining has resumed, moving as much as several thousand tons daily onto the heap leach pad. Leaching operations are expanding as the first layer on the [...]
Mining Operations From November 2014, when mining production began, Clifton Mining has received $78,351 in royalty payments from Desert Hawk Gold Corp., with more royalty payments pending. Management had previously noted that heap leach operations typically start slowly and progress as more ore is loaded onto the leach pile. With the warmer Spring weather, we expect that production will increase and result in increased [...]
ALPINE, UT, Dec. 18, 2014 /PRNewswire/ - Clifton Mining Company (OTCBB: CFTN) has received a distribution from American Silver, LLC totaling $381,250. This distribution, as well as the royalty payments received from Desert Hawk Gold Corp. will add significantly to the Company's revenues for this year and will cover a substantial portion of Clifton's anticipated cash needs for the coming year. Clifton trades on the U.S [...]
Clifton Mining Company (OTCBB: CFTN) ALPINE, UT, Nov. 19, 2014 /PRNewswire/ - Clifton Mining Company has received its first royalty payment of $24,185 from Desert Hawk Gold Corp. on the Kiewit project. Another smaller royalty payment is anticipated to be received later this week. The shareholder meeting was held as announced on November 14, 2014. The first part of the meeting was dedicated to William (Bill) Moeller [...]
ALPINE, UT, Oct. 10, 2014 /PRNewswire/ - Clifton Mining Company (OTCBB: CFTN) has been informed by its partner, Desert Hawk Gold Corp., that production has now begun at the Kiewit project. The first royalty payments are anticipated to be received before the end of the year. It is common that heap leach operations start slowly as bugs are worked out and operations are optimized. Also, ore does not yield its gold [...]