Clifton Mining Company (OTCBB: CFTN) (Clifton) - "4th Quarter Report"

Rhea-AI Summary

Clifton Mining Company has received an updated report from Desert Hawk Gold Corp., revealing gold and silver production for September and October. In September, Desert Hawk sold 361 ounces of gold and 432 ounces of silver. In October, they sold 208 ounces of gold and 199 ounces of silver, while adding 19,601 tons of ore to the leach pad. They estimate 4,647 recoverable ounces of gold currently. Desert Hawk is awaiting project expansion permit approval and is actively drilling to increase reserves. Clifton Mining trades under the symbol CFTN.

Positive

• Increased total recoverable ounces of gold on leach pad from 4,611 to 4,647.
• Desert Hawk's ongoing efforts in drilling and exploration indicate potential for increased reserves.
• Recent sales of gold and silver reflect ongoing production activity.

Negative

• None.

AMERICAN FORK, Utah, Nov. 23, 2021 /PRNewswire/ - Clifton Mining Company has received an amended and updated report from Desert Hawk Gold Corp.  In September, Desert Hawk had sold 361 ounces of gold, 432 ounces of silver, crushed 18,357 tons of ore, and they estimated 4,611 recoverable ounces of gold on the heap leach pad.

For October, Desert Hawk reported that they sold 208 ounces of gold, 199 ounces of silver, and during the month they crushed and added an additional 19,601 tons of ore to the leach pad.  They also estimate that there are 4,647 recoverable ounces of gold on the leach pad.

Desert Hawk has applied for a project expansion permit and is currently waiting for its approval.  They have also been investing in additional drilling and other exploration work to increase the current gold and silver reserves for the project.

Clifton has also invested in some exploration work on the Cane Springs historic gold mine.  For additional information, please see under the Property Reports section of the Company's new website at https://www.cliftonmining.com, the Cane Springs Dumont Report.  Clifton trades on the OTC Markets under the symbol: "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.

View original content:https://www.prnewswire.com/news-releases/clifton-mining-company-otcbb-cftn-clifton--4th-quarter-report-301430551.html

SOURCE Clifton Mining Company

FAQ

What are the October gold and silver sales figures for Clifton Mining Company (CFTN)?

In October, Desert Hawk sold 208 ounces of gold and 199 ounces of silver.

What is the current estimate of recoverable gold for Clifton Mining Company (CFTN)?

As of October, the estimate for recoverable gold on the leach pad is 4,647 ounces.

What recent actions has Desert Hawk Gold Corp. taken regarding project expansion?

Desert Hawk has applied for a project expansion permit and is currently awaiting approval.

How much ore did Desert Hawk add to the leach pad in October?

Desert Hawk crushed and added an additional 19,601 tons of ore to the leach pad in October.

Under what symbol does Clifton Mining Company trade?

Clifton Mining Company trades on the OTC Markets under the symbol CFTN.