ALPINE, UT, May 18 /CNW/ - Clifton Mining Company is in the process of a
successful transition from exploration to operations and income.
Desert Hawk, Clifton's mining partner, completed the overhaul and
renovation of the Gold Hill mill last year, spending approximately $2.5
million on the mill and the surrounding properties. New crushing and
grinding circuits have been put in place as well as additional banks of
float cells and new gravity separation tables, upgrading capacity and
recoveries. A new automated crusher has been placed at the mine so that
ore can be crushed before being shipped to the mill for processing. The
pipeline is now filling and Clifton has now received its first check
for ore processed and sent to the smelter for refining. Clifton expects
to receive checks on an ongoing basis from operations.
With both float cells and also gravity separation processing, the mill
can now accept a wide range of different ores from different areas of
the property, not only the copper/gold ores, but potentially also the
lead/silver ores from the Shear Zones. With the current prices of both
silver and lead, the Shear Zone ores may prove very profitable at this
point. Timing to switch the mill to processing the silver ores may be
moved up to take advantage of the premium silver prices.
Work still continues in regard to obtaining the leach pad construction
permits, which will allow the planned large scale gold leaching project
to begin operations. Silver ore from Clifton may also be placed on the
pad from the lower grade areas of the silver laden Shear Zones.
We are continuing to make progress on use of the New microwave
technology on refractory ores.
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.
SOURCE Clifton Mining Company
For further information:
contact Dr. Ken Friedman, President at 303-642-0659 or see the website at www.cliftonmining.com