ALPINE, UT, March 31, 2015 /CNW/ -
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 royalty payments this year.
Clifton's audited financials have been posted to the Company's website.
Clifton Mining has received a distribution from American Silver, LLC totaling $213,500. American Silver's revenues have continued strong for the first quarter of 2015 and three new FDA cleared OTC wound dressing gels have been launched through ABL Medical. These new wound dressing gel products have been branded for specific markets. The ASAP OTC™ Wound Dressing Product is for the spa and health markets; the Armor Gel™ Wound Dressing product is being marketed and sold in the sports and athletic markets; and the ASAP Pet Shield™ Wound Dressing product is for the animal care market. An innovative new tooth gel product has been developed and is being marketed and sold in the natural health markets as SilverSol® Tooth Gel by American Biotech Labs. Sales have already exceeded 25,000 units.
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, or Keith Moeller at 801-756-1414, or see the website at www.cliftonmining.com.