Clifton Mining Company Inc. (OTC : CFTN)
Dec 04, 2013, 07:00 ET
ALPINE, UT, Dec. 4, 2013 /CNW/ - Clifton Mining Company is pleased to announce that it has received a distribution from American Silver, LLC totaling $183,000. This distribution will contribute significantly to covering the Company's overhead.
The Company's partner, Desert Hawk Gold Corp., continues to work with government agencies to obtain the last of the permits necessary for them to begin large scale operations. The delays have been frustrating, but Desert Hawk believes it will soon receive its final permits.
Some exploration has been completed on the Alvarado and Lucky Jim properties. The Company has been contacted by a company who has interest in pursuing further development of these properties.
Management expresses appreciation to all those who attended the November 2013 shareholder meeting.
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:
For additional information, contact Dr. Ken Friedman, President at 303-642-0659, William Moeller, Chairman at 801-756-1414, or see the website at www.cliftonmining.com.
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