AveragePenny
2週前
Clifton Mining Company (OTCBB: CFTN) (Clifton) - "June 2026 Report"
https://www.prnewswire.com/news-releases/clifton-mining-company-otcbb-cftn-clifton--june-2026--report-302801098.html
AMERICAN FORK, Utah, June 16, 2026 /PRNewswire/ - Production and Metal Sales - Desert Hawk Gold Corp. ("Desert Hawk") has just released its mining and production report to the Company that includes the first five (5) months from January to May of 2026. During this period, Desert Hawk sold 631 ounces of gold and 628 ounces of silver, with the average price of gold around $5,000 per ounce and the average price of silver around $80 per ounce. (Note that given the expense of smelting, miners receive payments that are discounted from the market price.) There were 411 recoverable ounces delivered to the leach pad during this period, the lesser amount due to the absence of significant loading of the leach pad in January and February. Desert Hawk also estimate that at the end of May 2026, there are remaining 1,379 recoverable ounces on the leach pad.
KptnNemo
6月前
I have tried to assess with the help of AI:
The Gold Hill/Clifton district is historically productive for: gold, silver, lead
But mineral land value varies massively depending on:
- whether reserves are proven
- whether production is active
- whether royalties exist
- whether infrastructure is present
Typical valuation ranges in the U.S. West:
Unproven mineral land = 50–500 USD/acre
Historically productive district = 500–5,000 USD/acre
Land with proven reserves = 50,000–500,000+ USD/acre
Clifton’s land is not valued as proven reserves, but it is in a historically productive district and Desert Hawk is actively mining nearby.
So a realistic valuation range is: 500–5,000 USD per acre
Apply this to Clifton’s 14,667 acres
The fair value range for CFTN corresponds exclusively to the land ownership perspective:
0.13 – 1.33 USD per share
The current market price (~0.15 USD) sits at the absolute bottom of this range.
This means:
The market is valuing Clifton’s land at the lowest possible tier — as if it were unproven desert acreage — despite being in a historic mining district with active operations nearby.
Clifton’s land is almost certainly worth far more than the 1.05?M USD shown on the balance sheet.
But because the company has never published:
- reserve estimates
- resource estimates
- royalty details
- production economics
…the market prices the land at near zero.
This is why the stock trades at ~0.10 USD despite controlling 14,667 acres in a mineralized district with active mining.
A single compliant report can cost $500,000–$3,000,000.
Clifton Mining’s entire market cap is around $6 million.
They simply may not have the capital to fund the level of drilling and independent verification required to “prove” reserves.
Or:
They may be waiting for a buyout or JV renegotiation …
AveragePenny
1年前
$CFTN Clifton Mining Company (OTCBB: CFTN) (Clifton) - "Production Update"
https://www.prnewswire.com/news-releases/clifton-mining-company-otcbb-cftn-clifton--production-update-302495050.html
AMERICAN FORK, Utah, July 1, 2025 /PRNewswire/ - Production Update – As announced in April 2025, Desert Hawk Gold Corp. had started mining and loading the heap leach pad once again and has now sold just over a half million dollars worth of gold in the past month or so. At this point, they are looking to expand staff and ramp up production as they work through the normal ramp up operational challenges. It should be remembered that grades, recoveries, and the geometry of the deposit will play a major role, however the continued strength of the price of gold is a huge contributor to the project's success. Desert Hawk's management team has a track record of bringing such projects into profitable production. Clifton Mining's management believes that Desert Hawk is up to the challenge.
Clifton trades on the OTC Markets under the symbol: "CFTN".
AveragePenny
3年前
$CFTN Clifton Mining Company (OTCBB: CFTN) (Clifton) - "Fall 2023 Report"
https://www.newswire.ca/news-releases/clifton-mining-company-otcbb-cftn-clifton-fall-2023-report--800738794.html
AMERICAN FORK, Utah, Nov. 7, 2023 /CNW/ - Production and Metal Sales - Desert Hawk Gold Corp. has released its mining and production report for July to September 2023. In the three month period, Desert Hawk sold a total of 391 ounces of gold and a total of 594 ounces of silver, with all ounces being recovered from the leach pad.
History Overview - The past two decades have been particularly difficult for precious metals exploration companies. As a result of a prolonged bear market in metals prices, many exploration companies, lacking revenue or investor interest, have gone bankrupt. Nearly all that stayed afloat did so by issuing massively dilutive secondary offerings. Even ones with impressive reserves have fared poorly.
Several examples: International Tower Hill Mines (THM), with more than 20 million ounces of proven and probable gold reserves at its Livengood project, has gone from 120 million shares at over $10 per share in 2010 to 196 million shares and averaging around $0.40 per share today. Great Panther Mining (GPLDF), operating several mines in Latin America (and selling one mine in Mexico, has gone from over $40 in 2012, adjusted for its reverse split, to averaging around $0.0001 today. Several companies sold off some of their promising projects. Even ongoing large producers have not been exempt. Coeur Mining, Inc. (CDE), producing more than 10 million ounces of silver and 300,000 ounces of gold annually, has seen its stock price decline from nearly $300 in the late 1980s, to a high of just over $10 in 2021, to now averaging around $2.50 per share. In just the last year and a half, even Newmont Corporation (NEM), the largest gold producer in the World share price has declined from over $80 a share in April 2022 to averaging less than $40 a share today. For smaller non-producers, the challenge has been to remain solvent. Many have succumbed.
Clifton Mining is one of the very few exploration companies to buck this trend. Rather than selling prospective properties, it has acquired new ones. Rather than diluting shareholders with secondary offerings, it has repurchased over 4 million shares. Rather than facing bankruptcy, it has built a strong balance sheet with $1.2 million in cash, over $1 million in the shares of a related mining company, and several million dollars in value in membership shares owned in a biotech company. The only long-term debt the Company actually has, is a reclamation obligation which designates future funds to be set aside for reclaiming the properties, which is currently booked a just over $60,000. The Company has surviving power and is well positioned for a bull market in the metals.
Management of the Company has been criticized by a few people. We believe their statements to be false and misleading. For a Company with extremely limited financial resources, where a standard exploration program would cost several times the Company's market capitalization, where a false move would invite bankruptcy, we believe the Company owes its present position, and even existence, to the superb job Management has done in navigating treacherous conditions and in conserving the limited resources of the Company.
For all of the above reasons, we urge our shareholders to vote FOR the nominees for the Board of Directors at the annual meeting of shareholders to be held on November 17, 2023.
AveragePenny
3年前
$CFTN Clifton Mining Company (OTCBB: CFTN) (Clifton) - "May 2023 Report"
https://www.prnewswire.com/news-releases/clifton-mining-company-otcbb-cftn-clifton--may-2023-report-301828340.html
AMERICAN FORK, Utah, May 18, 2023 /PRNewswire/ - Financial Reports – Clifton Mining has released its audited financial statements for 2022, which have been filed with the OTC Markets and so the information should be updated on their website shortly. The release of the audited statement was delayed because it was determined at the time the statements were ready for issuance, that the Company's holdings in Desert Hawk Gold Corp. required a valuation. Desert Hawk had not had a stock sale since 2020 and so the alternative was to either write the investment down to zero or get an valuation done. Management determined that the valuation was the appropriate action to determine the representative value. Time was required to contract with a Valuation company and for them to prepare the valuation. As noted in the audited report dated May 9, 2023, the investment was valued at $0.28 per share or $1,627,031 requiring a write-down of $4,183,794. We encourage anyone interested to read the full 2022 audited financial report now being updated to the Company's website.
Notice of March 2023 Distribution – American Silver, LLC declared a $0.05 per share distribution, which totaled $76,250 distributed to Clifton Mining Company, its largest single shareholder. For more information about the American Silver, LLC companies and products, please see the following websites: https://silverbiotics.com/, www.ablmedical.com, and https://ablmfg.com/.
Production and Metal Sales - Clifton has received the production report from Desert Hawk Gold Corp. encompassing January 2023 to April 2023, reporting that during these first four months of 2023, that they've sold a total of 699 ounces of gold and a total of 1,011 ounces of silver, all of which have been recovered from the leach pad. They also estimate that at the end of April 2023, there are remaining 1,795 recoverable ounces of gold on the leach pad.
Property Report – Since last year, our consulting geologist has continued his efforts in researching the Company's properties both onsite and through previously issued reports. Many samples have been taken and processed and so we anticipate his report in the next few weeks.
Clifton trades on the OTC Markets under the symbol: "CFTN".
KptnNemo
3年前
The trading volume yesterday was 385 thousand compared to 14 thousand, the average volume! This is huge, it is 27 times the average!
This is enormous and shows that this stock is getting into the interest of more serious investors!
However, again disappointing is that the management does not think it necessary on the CFTN homepage, the real mouthpiece of the company, to bring this pleasing news!
AveragePenny
3年前
$CFTN Clifton Mining Company (OTCBB: CFTN) (Clifton) - "January 2023 Report"
https://www.prnewswire.com/news-releases/clifton-mining-company-otcbb-cftn-clifton--january-2023-report-301720147.html
AMERICAN FORK, Utah, Jan. 12, 2023 /PRNewswire/ - Extension Permit Granted – After more than two years of work, Desert Hawk Gold Corp. ("DHGC") has now received a significant extension to its Kiewit mining lease from the Bureau of Land Management (BLM). This extension lease quintuples the total allowable material to be mined from 2 million tons to 10 million tons. It also increases the permitted mining rate by 75%, from 1 million tons per year to 1.75 million tons per year and it doubles the minable area from 101 acres to 203 acres, with and additional extension in the pit and waste area from 38.5 acres to 80.9 acres. The permit also approved an increase in heap leach area disturbance from 19.5 acres to 65.5 acres, which can be bonded in 4 expansion phases. DHGC will currently be bonded for only the initial 19.5 acres of heap leach area but will only need to submit additional bond money when expanding the heap leach area in the future. The permit also includes an additional location for a second water well, four (4) additional horizontal cascade tanks, and increases the life of mine timeframe from six (6) to 10 years.
Production - Clifton has received the production report from DHGC for August to November of 2022, however, the numbers below do not include October, because no metal sales were made during that month. For these months ending November, 2022, Desert Hawk sold a total of 819 ounces of gold and a total of 910 ounces of silver recovered from the leach pad. They also estimate that at the end of November 2022, there was 2,495 recoverable ounces of gold remaining on the leach pad.
Clifton trades on the OTC Markets under the symbol: "CFTN". For phone contact, please feel free to call Dr. Ken Friedman, President, at 303-642-3134.
KptnNemo
3年前
Good times are ahead, finally the BLM permit for Desert Hawk Gold has been issued:
On December 22, 2022, the United States Department of the Interior, Bureau of Land Management, Salt Lake Field Office, conditionally approved the company's amended plan of operations for the Kiewit Mine.
https://www.sec.gov/Archives/edgar/data/1168081/000121390023001137/ea171312-8k_deserthawk.htm
Desert Hawk Gold can now work on doubling or even tripling their production, which in normal times was about 250 ounces of gold and also 250 ounces of silver per month. At that time, CFTN was around 20 Ct ... so the path is paved, it should at least double even it could triple, especially with the current positive trend in precious metals.
AveragePenny
4年前
Clifton Mining Company (OTCMKTS: $CFTN ): An Undervalued Mining Play
https://thestreetreports.com/clifton-mining-company-otcmktscftn-an-undervalued-mining-play/
If you are currently looking into exploration companies then Clifton Mining Company (OTCMKTS:CFTN) could well be the one to look into. This article is going to give you a much closer look into the company and help in making up your mind about the stock one way or another.
Market Stats
On Wednesday, CFTN stock ended flat at $0.1239 with 2.8K shares, compared to its average volume of 6.7K shares. The stock moved within a range of $0.1239 – 0.1240 after opening trading at $0.1240.
Not too long ago on July 9, 2020, it emerged that the company announced that it was going to reevaluate the 5.8 million shares it owns in Desert Hawk and bump the price to $1 a share from 40 cents a share. The move alone led to higher income to the tune of $3.5 million for the year 2020. The company owns substantial stakes in both American Biotech Labs and Desert Hawk Gold Corp.
In this regard, it ought to be noted that American Biotech Labs had also announced that it was going to distribute dividends to the tune of 50 cents a share in the first half of 2020. Another 50 cents a share was going to be distributed in the second half.
That resulted in a windfall to the tune of $1.525 million for Clifton Mining for the year. Under such circumstances, it has often been suggested by experts that the Clifton Mining stock could well be one of the major bargains in the sector at this point in time. It had touched a 52-week high of $0.25 a share. That represents a bargain considering the fact that the stock has a firm base.
The company was in fact in the news yesterday after Desert Hawk submitted the production report for the months of June and July 2022. It was announced that in the two months it had managed to sell as much as 618 ounces of silver and 505 ounces of gold that had been extracted from the company’s leach pad. As much as 11821 tons of iron ore had also been crushed during the month of June but it had been discontinued.
Traders Corner
CFTN stock is trading below the 20-Day and 50-Day Moving averages of $0.12 and $0.13 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.17.
AveragePenny
4年前
$CFTN Clifton Mining Company (OTCBB: CFTN) (Clifton) - "September 2022 Report"
https://www.prnewswire.com/news-releases/clifton-mining-company-otcbb-cftn-clifton--september-2022--report-301622739.html
AMERICAN FORK, Utah, Sept. 13, 2022 /PRNewswire/ - Production - Clifton Mining Company has received the production report from Desert Hawk Gold Corp. for June and July 2022. During the two (2) months ending on July 31, 2022, Desert Hawk sold a total of 505 ounces of gold and a total of 618 ounces of silver recovered from the leach pad. They also reported crushing 11,821 tons of ore during June and have since cease mining and crushing operations. However, they are still running the heap leach pad and are anticipating receipt of their expansion permit this Fall. They estimate that at the end of July, there was 3,313 recoverable ounces of gold remaining on the leach pad.
Exploration and Development – The Company has hired a consulting geologist who had worked with the Company in the past and already has some familiarity with sections of the Company's properties and with the Cliton Mining District area. Management has authorized the consultant to assess each of the potential prospect's area and report back to the Company with their recommendations. Desert Hawk has continued production and is still waiting for its expansion permit anticipated to be issued this Fall.
AveragePenny
4年前
$CFTN Clifton Mining Company (OTCBB: CFTN) (Clifton) - "2nd Quarter 2022 Update Report"
https://www.prnewswire.com/news-releases/clifton-mining-company-otcbb-cftn-clifton--2nd-quarter-2022-update-report-301581511.html
AMERICAN FORK, Utah, July 6, 2022 /PRNewswire/ -
Production - Clifton Mining Company has received the production report from Desert Hawk Gold Corp. During the three (3) months ending on May 31, 2022, Desert Hawk sold a total of 765 ounces of gold and a total of 767 ounces of silver recovered from the leach pad. Desert Hawk also crushed 38,904 tons of ore during that same three-month period, adding 324 recoverable ounces of gold to the leach pad. They estimate that at the end of May, there was 3,713 recoverable ounces of gold still on the leach pad.
We would note, as we had in previous releases, that Desert Hawk's production has been constrained due to their nearing the limits of the current permitted mining area. Desert Hawk started working on their extension permit more than two years ago and they currently anticipate receiving their expansion permit later this year. Assuming that occurs, we anticipate production to quickly ramp up to the levels obtained prior to the current constraints, in addition to the readily accessible outcrops along the extension strike. Clifton has a considerable equity interest in Desert Hawk Mining, owning more than 5.8 million shares.
Exploration and Development - In addition to Desert Hawk's project, Clifton has several other mineral outcrops on its large property block, each with the potential to be a stand-alone project. Management has been reviewing potential exploration and development targets and is in the process of hiring a consulting geologist to provide updated reports. Please see the "Property Reports" section on the Company's website at https://www.cliftonmining.com for more information on the properties. For information on some of the mineral resources, please see section 6 of the "Update of the Behre Dolbear Report", under the "Shear Zone Summary Report," also located under the Property Reports section of the Company's website.
Clifton trades on the OTC Markets under the symbol: "CFTN". For phone contact, please feel free to call Dr. Ken Friedman, President, at 303-642-3134.
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.
Thugmuffin
4年前
$CFTN Clifton Mining Company (OTCBB: CFTN) (Clifton) - "March 2022 Update Report"Press Release | 03/24/2022
Clifton Mining Company (OTCBB: CFTN) (Clifton) - "March 2022 Update Report"
PR Newswire
AMERICAN FORK, Utah, March 24, 2022
AMERICAN FORK, Utah, March 24, 2022 /PRNewswire/ - Notice of March 2022 Distribution – American Silver, LLC has declared a $0.10 per share distribution, which totaled $152,500 distributed to Clifton Mining Company, its largest single shareholder. For more information their products, please see the main Company websites: https://silverbiotics.com/ for American Biotech Labs, LLC, www.ablmedical.com for ABL Medical, LLC, and https://ablmfg.com/ for ABL Manufacturing, LLC.
Production - Clifton Mining Company has received the January 2022 production report from Desert Hawk Gold Corp. In January, Desert Hawk sold 261 ounces of gold and 286 ounces of silver recovered from the leach pad. They also crushed 13,307 tons of ore, added 137 recoverable ounces to the leach pad, and they estimate that they have 4,140 recoverable ounces of gold still remaining on the leach pad.
Production in the next few months may be limited, due to the delay that Desert Hawk has encountered with its pending expansion permit, which they have been working on for the past couple of years. We're hopeful that they'll receive it sooner than later and we'll keep everyone updated.
For more information on Clifton, please see the Company's website at https://www.cliftonmining.com. Clifton trades on the OTC Markets under the symbol: "CFTN". For phone contact, please feel free to call Dr. Ken Friedman, President at 303-642-3134.
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--march-2022-update-report-301509827.html
AveragePenny
4年前
$CFTN Clifton Mining Company (OTCBB: CFTN) (Clifton) - "March 2022 Update Report"
https://www.prnewswire.com/news-releases/clifton-mining-company-otcbb-cftn-clifton--march-2022-update-report-301509827.html
AMERICAN FORK, Utah, March 24, 2022 /PRNewswire/ - Notice of March 2022 Distribution – American Silver, LLC has declared a $0.10 per share distribution, which totaled $152,500 distributed to Clifton Mining Company, its largest single shareholder. For more information their products, please see the main Company websites: https://silverbiotics.com/ for American Biotech Labs, LLC, www.ablmedical.com for ABL Medical, LLC, and https://ablmfg.com/ for ABL Manufacturing, LLC.
Production - Clifton Mining Company has received the January 2022 production report from Desert Hawk Gold Corp. In January, Desert Hawk sold 261 ounces of gold and 286 ounces of silver recovered from the leach pad. They also crushed 13,307 tons of ore, added 137 recoverable ounces to the leach pad, and they estimate that they have 4,140 recoverable ounces of gold still remaining on the leach pad.
Production in the next few months may be limited, due to the delay that Desert Hawk has encountered with its pending expansion permit, which they have been working on for the past couple of years. We're hopeful that they'll receive it sooner than later and we'll keep everyone updated.
For more information on Clifton, please see the Company's website at https://www.cliftonmining.com. Clifton trades on the OTC Markets under the symbol: "CFTN". For phone contact, please feel free to call Dr. Ken Friedman, President at 303-642-3134.
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
AveragePenny
4年前
$CFTN Clifton Mining Company (OTCBB: CFTN) (Clifton) - "December Production Report"
https://www.prnewswire.com/news-releases/clifton-mining-company-otcbb-cftn-clifton--december-production-report-301467426.html
AMERICAN FORK, Utah, Jan. 25, 2022 /PRNewswire/ - Production - Clifton Mining Company has received the December 2021 production report from Desert Hawk Gold Corp. In December, Desert Hawk sold 423 ounces of gold and 454 ounces of silver recovered from the leach pad. They also crushed 17,909 tons of ore, added 199 recoverable ounces to the leach pad, and they estimate that they have 4,264 recoverable ounces of gold still remaining on the leach pad.
This is a new monthly record for Desert Hawk in both gold and silver sales. Significantly, Desert Hawk has been able to continue to mine and process ores in the dead of winter. This is a measure of Desert Hawk's increased planning and efficiency in achieving throughput. They are also still waiting for their project expansion permit approval.
Clifton has several different mineral outcrops on its large property block, each with the potential of stand-alone projects. For more information on different areas on the property, please see the "Property Reports" section on the Company's website at https://www.cliftonmining.com. For more information on the Company's mineral resources, please see section 6 of the Updated Behre Dolbear Report found under the "Shear Zone Summary Report," in the Property Reports section.
Clifton trades on the OTC Markets under the symbol: "CFTN".
AveragePenny
4年前
$CFTN Clifton Mining Company (OTCBB: CFTN) (Clifton) - "January 2022 Update"
https://www.prnewswire.com/news-releases/clifton-mining-company-otcbb-cftn-clifton--january-2022-update-301458148.html
AMERICAN FORK, Utah, Jan. 11, 2022 /PRNewswire/ - Production - Clifton Mining Company has received the November 2021 report from Desert Hawk Gold Corp. In November, Desert Hawk sold 158 ounces of gold, 163 ounces of silver, crushed 15,229 tons of ore, and they estimated 4,494 recoverable ounces of gold still on the heap leach pad.
The project expansion permit that Desert Hawk has applied for is still in process and they are still waiting for its approval. They have also been continuing their additional exploration and drilling program to increase the current gold and silver reserves for the project.
Notice of Distribution – In December 2021, American Silver, LLC, parent company to American Biotech Labs, LLC ("ABL"), declared a $0.13 per share distribution, which totaled $198,250 distributed to Clifton Mining Company, its largest single shareholder. For more information on ABL products, please see www.silverbiotics.com.
For additional information on the Company, please see the Company's website at https://www.cliftonmining.com. Clifton trades on the OTC Markets under the symbol: "CFTN".
AveragePenny
5年前
$CFTN Clifton Mining Company (OTCBB: CFTN) (Clifton) - "4th Quarter Report"
https://www.prnewswire.com/news-releases/clifton-mining-company-otcbb-cftn-clifton--4th-quarter-report-301430551.html
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.
AveragePenny
5年前
$CFTN Clifton Mining Company (OTCBB: CFTN) (Clifton) - "Annual Meeting"
https://www.prnewswire.com/news-releases/clifton-mining-company-otcbb-cftn-clifton--annual-meeting-301411208.html
AMERICAN FORK, Utah, Oct. 28, 2021 /PRNewswire/ - Clifton Mining Company ("Company") held its Annual General Meeting on Friday, October 22, 2021. Scott Moeller announced that a quorum of votes had been received and gave the results, supporting the re-election of each of the proposed directors and the appointment of the auditing firm. Ken Friedman briefly discussed the background and strategic positioning of the Company, noting that despite difficult times for the precious metals industry, the Company has accumulated more than $2 million in cash and holds more than 5 million shares of Desert Hawk Gold Corp. ("Desert Hawk"). The Company has also repurchased more than 3.5 million of its shares. Keith Moeller gave a detailed presentation of the progress of Desert Hawk, including the identification of a new deposit at Rainbow Hill, which Desert Hawk tentatively estimates at roughly 10 million tons, with the initial sampling averaging 0.025 ounces per ton gold. He explained this deposit appears to be an extension of the Kiewit deposit, with exploration work indicating additional extensions on the other sides of the Kiewit mine pit as well.
Clifton Mining Company has received the production and sales report from Desert Hawk Gold Corp. (Desert Hawk) for the month of September 2021. Desert Hawk, reported that during the month they sold 178 ounces of gold and 178 ounces of silver, from metals recovered from the leach pad. During the month, they also reported that an additional 9,614 tons of ore were crushed and added to the leach pad. Currently, there are an estimated 1,741 recoverable ounces of gold still on the pad. The average blasted gold ore grade going on the leach pad has also continued to increase over previous historical grades, with this month's average up to 0.0267 ounces per ton. Tonnage mined has been restricted by permitting limitations, but Desert Hawk management believes additional permits are soon forthcoming with the required notice period now complete, with no registered objections. Desert Hawk reports that the expanded permits will enable them to mine significantly greater tonnages. Clifton owns 5.81 million shares of Desert Hawk, as well as the property on which the operation resides.
Clifton's new website is now active and contains links to several of the Company's independent geological reports. Management invites all who have interest to read the reports and learn more about the history of the property and some of the exploration and development work that has occurred. The new website also contains a flyover view of the Kiewit mine pit and heap leach operations.
AskMuncher
5年前
$CFTN Clifton Mining Company (OTCBB: CFTN) (Clifton) - "August Update"
Press Release | 08/31/2021
Clifton Mining Company (OTCBB: CFTN) (Clifton) - "August Update"
PR Newswire
AMERICAN FORK, Utah, Aug. 31, 2021
AMERICAN FORK, Utah, Aug. 31, 2021 /PRNewswire/ - Exploration, Development, and Production - Clifton Mining Company has received the production and sales report from Desert Hawk Gold Corp. (Desert Hawk) for the month of July 2021. Desert Hawk reported that during the month they sold 356 ounces of gold and 355 ounces of silver. These precious metals were all recovered from the leach pad. During the month, they also estimated that an additional 1,073 ounces of gold was placed on the leach pad, with an estimated 4,692 recoverable ounces of gold still on the pad. The average blasted gold ore grade in ounces per ton (opt) going on the leach pad also had a significant increase, going from a diluted ore grade of 0.0166 (opt) in June, to 0.0359 (opt) in July. Clifton owns 5.81 million shares of Desert Hawk, as well as the property on which the operation resides.
New Manufacturing Facility Completed - ABL Manufacturing, LLC, a wholly owned entity of American Silver, LLC, has completed the construction of its processing and production rooms in its new 60,000 square foot facility. This cGMP certified facility, is now producing the full line of Silver Biotics® products, including supplements, cosmetics, and ABL Medical, LLC's FDA Cleared wound dressing products. ABL Manufacturing also produces private labeled and other contract manufactured products. For more information on American Biotech Labs products, please see https://silverbiotics.com, for ABL Medical, LLC products, please see https://www.ablmedical.com, and for ABL Manufacturing, LLC products, please see https://ablmfg.com. Clifton currently owns 17.5% of American Silver, LLC.
Please see the Company's website https://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.
Cision View original content:https://www.prnewswire.com/news-releases/clifton-mining-company-otcbb-cftn-clifton--august-update-301365807.html
AskMuncher
5年前
$CFTN Clifton Mining Company (OTCBB: CFTN) (Clifton) - "March 2021 Report"
Press Release | 03/30/2021
Clifton Mining Company (OTCBB: CFTN) (Clifton) - "March 2021 Report"
PR Newswire
AMERICAN FORK, Utah, March 30, 2021
AMERICAN FORK, Utah, March 30, 2021 /PRNewswire/ - Exploration, Development, and Production - Clifton Mining Company has received the report that for January 2021, Desert Hawk Gold Corp. (Desert Hawk) sold 286 ounces of gold and 302 ounces of silver recovered from the leach pad. They crushed 19,797 tons of ore and added 234 ounces of gold to the leach pad. There are currently 5,080 ounces of recoverable gold on the leach pad. Clifton owns 5.81 million shares of Desert Hawk.
Notice of Distribution - American Silver, LLC, has issued a March 2021 distribution in the amount of $0.06 per share, totaling $91,500 to Clifton Mining Company, its largest single shareholder. American Silver companies had new patents issued in 2020, including a new US patent on the use of its proprietary silver product to preserve Botulinum Toxin products and extend both the potential life and lasting effect of the injections. In a phase one trial report, some patients reported that the beneficial effect was extended from an average of 2-3 months to time periods as long as 6-9 months. Botulinum Toxin is a multi-billion dollar industry. American Silver currently holds 69 patents with a number of additional patent applications pending. For more information on Silver Biotics® products, please see www.silverbiotics.com.
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.
Cision View original content:http://www.prnewswire.com/news-releases/clifton-mining-company-otcbb-cftn-clifton--march-2021-report-301258307.html
SOURCE Clifton Mining Company
deri21
5年前
$CFTN Exploration, Development, and Production - Clifton Mining Company has received the report that for January 2021, Desert Hawk Gold Corp. (Desert Hawk) sold 286 ounces of gold and 302 ounces of silver recovered from the leach pad. They crushed 19,797 tons of ore and added 234 ounces of gold to the leach pad. There are currently 5,080 ounces of recoverable gold on the leach pad. Clifton owns 5.81 million shares of Desert Hawk.
Notice of Distribution - American Silver, LLC, has issued a March 2021 distribution in the amount of $0.06 per share, totaling $91,500 to Clifton Mining Company, its largest single shareholder. American Silver companies had new patents issued in 2020, including a new US patent on the use of its proprietary silver product to preserve Botulinum Toxin products and extend both the potential life and lasting effect of the injections. In a phase one trial report, some patients reported that the beneficial effect was extended from an average of 2-3 months to time periods as long as 6-9 months. Botulinum Toxin is a multi-billion dollar industry. American Silver currently holds 69 patents with a number of additional patent applications pending. For more information on Silver Biotics® products, please see www.silverbiotics.com.
Please see the Company's website www.cliftonmining.com for additional Company information. Clifton trades on the OTC Markets under the symbol: "CFTN".
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