Mining: A New Discovery Plus Permitting Progress
ALPINE, UT, Jan. 18, 2012 /PRNewswire/ - Desert Hawk Gold
Corp. [DHGC], Clifton's joint venture partner, has discovered what
may be an additional gold deposit in our claim area. The
surface area of the deposit, 900 feet by 600 feet, is three to four
times the surface area of the Kiewit deposit, and from 75 surface
samples, the grades appear similar. DHGC has now received 20
of the 22 permits and licenses necessary to put the Kiewit project
into production. It is working with both the Utah Department
of Oil, Gas, and Mining and the U.S. Bureau of Land Management to
obtain the final two. Once these permits are received, DHGC
is planning to put the Kiewit project into production, and also to
explore and develop this new project.
Other Investments
Clifton received another cash disbursement from American Silver,
LLC, a private silver products company in which Clifton owns
approximately 21%. The cash disbursement was the second for
the 2011 year, and the check was for more than $100,000. While year-end numbers have not
been released yet, it appears that American Silver, LLC showed
strong growth in 2011.
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