Clifton Mining Company (OTCBB: CFTN) (Clifton) - "August Production Report"

Rhea-AI Summary

Clifton Mining Company reported for August 2020 that Desert Hawk Gold Corp. sold 354 ounces of gold and 283 ounces of silver from its leach pad. The company drilled 1,285 holes and crushed 52,033 tons of ore, adding 607 recoverable ounces of gold. Current estimates indicate 4,630 recoverable ounces of gold remain. Clifton holds 5.81 million shares of Desert Hawk. Investors should note the forward-looking statements may involve risks.

Positive

• Desert Hawk sold 354 ounces of gold and 283 ounces of silver in August 2020.
• Added 607 recoverable ounces of gold to the leach pad.
• Estimates indicate 4,630 recoverable ounces of gold remaining.

Negative

• None.

AMERICAN FORK, Utah, Sept. 22, 2020 /PRNewswire/ - Exploration, Development, and Production - Clifton Mining Company has received the report that for August 2020, Desert Hawk Gold Corp. (Desert Hawk) sold 354 ounces of gold and 283 ounces of silver recovered from the leach pad.  They also drilled 1,285 holes, crushed 52,033 tons of ore, added 607 recoverable ounces to the leach pad, and estimate that they have 4,630 recoverable ounces of gold remaining on the leach pad.  Clifton owns 5.81 million shares of Desert Hawk.

Please see the Company's website www.cliftonmining.com for additional Company information.  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.

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SOURCE Clifton Mining Company

FAQ

What was Desert Hawk Gold Corp's production in August 2020?

In August 2020, Desert Hawk Gold Corp. sold 354 ounces of gold and 283 ounces of silver.

How many ounces of gold does Clifton Mining hold in Desert Hawk?

Clifton Mining Company holds 5.81 million shares of Desert Hawk.

What are the remaining recoverable ounces of gold on the leach pad?

Desert Hawk estimates that there are 4,630 recoverable ounces of gold remaining on the leach pad.

What does the August production report indicate about Clifton Mining's activities?

The report indicates that Desert Hawk drilled 1,285 holes and crushed 52,033 tons of ore in August 2020.