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WALL STREET MINER
TRADE ALERT – MINING
CLIFTON MINING CO
CFTN – OTC
Target $1.05 Seeking Alpha
Another Winning Trade
This company is cash flow positive and estimates within the shear zone system the company has certified 4.8 mill oz of silver and 26,000 oz of gold by geoligic studies .If one were to extrapolate these results to all 38 veigns we would expect 900,000 oz of gold worth almost $2 Billion plus 165 mill oz of silver worth $4.5 Billion .
The company is well managed with only $280,000 in salary and employee benefits expensed . As the price of precious metals advances with the onset of inflation and new projects opening up we expect to see significantly greater revenues. Market Cap of under $15 million leaves these shares undervalued
With a 52 week high of $0.35 cents we would expect a retest of those levels giving the investor / trader almost a double .We urge all serious investors to place these shares on their BUY LIST
Canada NewsWire
AMERICAN FORK, Utah , March 30, 2021 /CNW/ – Exploration, Development, and Production – Clifton Mining Company has received the report that for January 2021 , Desert Hawk Gold Corp. (Desert Hawk) sold 286 ounces of gold and 302 ounces of silver recovered from the leach pad. They crushed 19,797 tons of ore and added 234 ounces of gold to the leach pad. There are currently 5,080 ounces of recoverable gold on the leach pad. Clifton owns 5.81 million shares of Desert Hawk.
Notice of Distribution – American Silver, LLC, has issued a March 2021 distribution in the amount of $0.06 per share, totaling $91,500 to Clifton Mining Company, its largest single shareholder. American Silver companies had new patents issued in 2020, including a new US patent on the use of its proprietary silver product to preserve Botulinum Toxin products and extend both the potential life and lasting effect of the injections. In a phase one trial report, some patients reported that the beneficial effect was extended from an average of 2-3 months to time periods as long as 6-9 months. Botulinum Toxin is a multi-billion dollar industry. American Silver currently holds 69 patents with a number of additional patent applications pending. For more information on Silver Biotics® products, please see www.silverbiotics.com .
ABOUT CLIFTON MINING CO
Clifton Mining Co is primarily engaged in property management by joint venturing the properties to other companies including the use of the company’s equipment to bring the claims into production and investing in other businesses. It generates revenue through the leasing of its properties and milling equipment to third parties, either by receipt of direct leasing fees or joint venture relationships and the receipt of net smelter royalty payments.
At September 30, 2020, the Company’s mining claims consist of 82 patented claims including 10 patented claims owned 50% by The Woodman Mining Company (“Woodman Mining”), 402 unpatented lode claims, including 32 placer claims, and 6 state mineral leases, in total covering approximately 14,027 acres. The properties are located in the Gold Hill/Clifton Mining District, Tooele County, Northwest Utah area. On February 7, 2019, the Company entered into a second amended and restated agreement with Desert Hawk Gold Corp. (“Amended Agreement”), which amended the original agreement dated July 24, 2009. This Amended Agreement includes several changes with the most significant being that Desert Hawk purchase from Clifton its five percent (5%) net smelter return royalty for $3 million in cash and 5.5 million shares of Desert Hawk Gold Corp. stock. The value of the Desert Hawk stock at the time of the transaction was $0.40 per share, making the estimated value of the exchange $5.2 million. The Amended Agreement also includes the release of additional properties back to the Company and a renewal of the 20 year lease subject to certain terms and conditions with no ownership interest in the Company properties. Desert Hawk also released back to Clifton the $42,526 reclamation bond posted for the Company’s mill site. The investment in the affiliate was therefore valued at the $0.40 per share for a total value of $2,324,330. (See Note 9 – Fair Value of Financial Instruments).
Please see the Company’s website www.cliftonmining.com for additional Company information. Clifton trades on the OTC Markets under the symbol: “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.
View original content: http://www.prnewswire.com/news-releases/clifton-mining-company-otcbb-cftn-clifton–march-2021-report-301258307.html
SOURCE Clifton Mining Company
Clifton Mining Company (OTCBB: CFTN) (Clifton) – “New Permits and Gold and Silver Production Report”
PR Newswire
AMERICAN FORK, Utah , Feb. 2, 2021 /PRNewswire/ – New Permits – Clifton Mining Company has just been issued two new small mine permits from US and State Government agencies. The new permits were issued on the Lost Mine Road Mine and the Cactus Mill areas. Said Keith Moeller VP, Property Development, “These are important permits to now have in our hands and the timing of the granting of these permits could not have been better. The Lost Mine Road Permit is located within our Clifton shear zone silver/gold system, where geological analysis reported more than 4.8 million of ounces measured and indicated silver resources and 26,000 ounces of measured and indicated gold resources, which only covers a small percent of the visible outcrops.” (See website for more resource information).
These new permits also give Clifton an important advantage for future planning and for joint venture options with the required base work now completed. In total, Clifton now holds five (5) small mine permits, including one on Clifton’s patented high grade Cane Springs historical gold mine, where drilling intersected a number of high-grade gold intercepts. Each of these permits can be expanded to up to 20 acres, sufficient for large scale mining operations.
Exploration, Development, and Production – Clifton Mining Company has received the report that for December 2020 , Desert Hawk Gold Corp. (Desert Hawk) sold 119 ounces of gold and 109 ounces of silver recovered from the leach pad. They also drilled 807 holes, crushed 21,386 tons of ore, added 238 recoverable ounces to the leach pad, and estimate that they have 4,957 recoverable ounces of gold remaining on the leach pad. Clifton owns 5.81 million shares of Desert Hawk.
Please see the Company’s website www.cliftonmining.com for additional Company information. Clifton trades on the OTC Markets under the symbol: “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.
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