AMERICAN FORK, UT, Sept. 5, 2017 /PRNewswire/ - Clifton Mining Company has received from Desert Hawk Gold Corp. the required annual payment of $50,000 to maintain its lease on the Clifton Shear Zones. In addition to the lease payment, Desert Hawk has also paid the required annual BLM maintenance fees required on the claims they have under lease from the Company. Desert Hawk, since it began mining on Company properties in 2014, has paid Clifton just under $300,000 in royalties on production of gold and silver from operations. Current operations have recently been put on hold while Desert Hawk works out its internal ownership issues. Operations may recommence at any time and when they do, we anticipate that the Company will benefit from the higher precious metals prices.
Please see the Company's website www.cliftonmining.com for additional information. 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