Clifton Mining Company (OTC : CFTN) - Mining Operations
ALPINE, UT, May 18 /PRNewswire/ - Clifton Mining Company is in the process of a successful transition from exploration to operations and income. Desert Hawk, Clifton's mining partner, completed the overhaul and renovation of the Gold Hill mill last year, spending approximately $2.5 million on the mill and the surrounding properties. New crushing and grinding circuits have been put in place as well as additional banks of float cells and new gravity separation tables, upgrading capacity and recoveries. A new automated crusher has been placed at the mine so that ore can be crushed before being shipped to the mill for processing. The pipeline is now filling and Clifton has now received its first check for ore processed and sent to the smelter for refining. Clifton expects to receive checks on an ongoing basis from operations.
With both float cells and also gravity separation processing, the mill can now accept a wide range of different ores from different areas of the property, not only the copper/gold ores, but potentially also the lead/silver ores from the Shear Zones. With the current prices of both silver and lead, the Shear Zone ores may prove very profitable at this point. Timing to switch the mill to processing the silver ores may be moved up to take advantage of the premium silver prices.
Work still continues in regard to obtaining the leach pad construction permits, which will allow the planned large scale gold leaching project to begin operations. Silver ore from Clifton may also be placed on the pad from the lower grade areas of the silver laden Shear Zones.
We are continuing to make progress on use of the New microwave technology on refractory ores.
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