ALPINE, UT, Feb. 25, 2014 /PRNewswire/ - Desert Hawk Mining, Clifton Mining's partner on the Kiewit project, has just received the final tranche of a financing to place Kiewit into production. All necessary permits have been received, and the $5.7 million will fund the construction of a heap leach operation. A bond of $1.3 million has just been posted with the State of Utah. We are hopeful that construction will begin within weeks.
Desert Hawk has announced that it plans to produce 20,000 ounces of gold annually from this Operation. Clifton will receive a 5% net smelter return.
Clifton trades on the U.S. OTC: (CFTN). For additional information, contact Dr. Ken Friedman, President at 303-642-0659, William Moeller, Chairman at 801-756-1414, or see the website at www.cliftonmining.com.
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