CALGARY, Oct. 16 /CNW/ - On October 16, Dumont Nickel (DNI.V), Clifton
joint-venture partner, has issued a press release summarizing their progress
in exploring the Clifton-Gold Hill area. The main points are as follows:
Rattler Project Area
"Results from the drilling program confirmed that the surface gold
anomaly is indeed reflective of subsurface gold in the siltstone. The combined
surface and drill results from the area suggest that the westernmost hole may
have cut the periphery of a larger mineralized system and that future drilling
should focus on tracing this zone westward and to the south beneath other
surface gold anomalies."
Kiewit Project Area
"Dumont's in-house Scoping Study... to evaluate economic viability of a
portion of the Kiewit Gold Zone. This portion, comprises a 250m x 250m area
overlying the Historic portion of the Zone. It is the most accessible and has
been grid-drilled by Dumont in sufficient detail to support a resource
estimate. The Study is intended to establish threshold economic parameters to
enable a determination whether delineation of additional similarly mineralized
material elsewhere over the 2 km length of the Kiewit Gold Zone is warranted."
Cane Springs Property
"Work on the Cane Springs Property has reached the definition drilling
stage requiring grid drilling of approximately thirty closely spaced holes to
expand high grade gold zones discovered in 2005 and confirmed in 2006."
New Land Acquisition - Gold Hill District
Clifton has recently picked up 102 load claims totaling approximately
2,000 acres of property which were released from the joint venture. This
acquisition almost doubles Clifton's load claim land position. Clifton has
acquired the property because of known drill results with reported gold values
and because of the claims close proximity to Clifton's gold and silver
In brief, Dumont has done considerable work in three areas. While it has
not yet developed a proven or probable reserve, it has shown that each of
these areas has potential to host significant commercial gold deposits.
Clifton trades on the U.S. OTC: (CFTN).
Note: Any statements released by Clifton Mining Company that are forward
looking are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Editors and investors are cautioned
that forward looking statements invoke risk and uncertainties that may affect
the company's business prospects and performance.
For further information:
For further information: Dr. Ken Friedman, President, (303) 642-0659;
Keith Moeller, Vice President, (801) 756-1414; or see our website at