ALPINE, UT, Oct. 10, 2014 /CNW/ - 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 immediately, but only over time. Even after ore has been leached for a year, continued leaching will recover additional gold. So it may be misleading to extrapolate results of the first few months to the life of the mine operation. As more ore is leached and as the process is fine-tuned, it is expected that the rate of production will increase.
This represents a substantial achievement by Desert Hawk and a significant step forward for Clifton Mining Company.
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 Keith Moeller at 801-756-1414, or see the website at www.cliftonmining.com.