DNI METALS INC. (DNI : TSX-V)(DG7 : Frankfurt)
TORONTO, May 7, 2015 /CNW/ - The Management of Clifton
Mining has recently completed an onsite inspection of the Desert
Hawk Gold Corp. heap leach operation. Now that the weather is
cooperating, the project has moved from limited winter production
back into full swing operations. Mining has resumed, moving
as much as several thousand tons daily onto the heap leach
pad. Leaching operations are expanding as the first layer on
the pad is being filled. Within a few months this much larger
surface area can help increase gold production. In order to
have a direct view of the current operations, please see the two
new video clips downloaded to Clifton's Company's website under Recent
Announcements "1 April 2015" and also
on YouTube under the headings of: "Clifton Mining Update
[3/31/15] Bottom" and "Clifton Mining Update [3/31/15]
Digging".
http://www.newswire.ca/en/story/1531203/clifton-mining-company-otcbb-cftn-onsite-inspection
Clifton trades on the U.S. OTC:
(CFTN).
Pursuant to an agreement signed between DNI Metals Inc. and
Clifton Mining Company dated July 14,
2009, a 0.5% royalty shall be paid to DNI from the sale of
product at the Kiewit Gold Project, Utah,
USA.
Each payment is to be paid within 30 days of the end of each
quarter.
Production began in November and Clifton Mining Company has paid
DNI as per the terms of the agreement.
For more information, please refer to Clifton Mining's press
release dated November
19th, 2014.
http://www.newswire.ca/en/story/1448869/first-royalty-payment-and-meeting-update
About DNI:
DNI Metals continues its focus on Industrial minerals.
It owns 100% of the Buckton Polymetallic Deposit in Alberta. Mo-Ni-U-V-Zn-Cu-Co-Li-REE-Th are
among the minerals found in this deposit, including large amounts
of Scandium.
DNI is investigating potential Frac sand deposits, on its
claims, close to Fort McMurray,
Alberta.
DNI has signed LOI's on Graphite properties in Madagascar and Brazil.
Neither the TSXV nor its Regulation Services Provider (as that
term is defined in the policies of the TSXV) accepts responsibility
for the adequacy or accuracy of this release.
DNI - TSX Venture
DG7 - Frankfurt
Issued: 18,985,702 common shares
We seek Safe Harbour. This announcement includes forward
looking statements. While these statements represent DNI's best
current judgment, they are subject to risks and uncertainties that
could cause actual results to vary, including risk factors listed
in DNI's Annual Information Form and its MD&As, all of which
are available from SEDAR and on its website.
SOURCE DNI Metals Inc.