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Clifton Mining Company (CFTN)

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Last Post: 12/4/2015 5:36:23 PM - Followers: 10 - Board type: Free - Posts Today: 0

 

CFTN SECURITY DETAILS
Share Structure

A/S - 70,000,000

O/S September 2010 - 55,711,606

O/S December 2009 - 53,715,462

O/S December 2008 - 50,632,128

 

 www.cliftonmining.com

 

For the period ending September 30, 2010;

Total Assets - $3,172,072

Liabilities - $124,674

 

 

March 9, 2011 Press Release Announcing Production

 

Clifton Mining Shareholder letter

ALPINE, UT, March 9, 2011 /PRNewswire via COMTEX/ -- (OTC : CFTN)

Mill Operations

Clifton Mining Company's (Clifton) (OTC : CFTN) joint venture partner Desert Hawk Gold Corp. (Desert Hawk), completed the overhaul and renovation of the Gold Hill mill in September of 2010. Preliminary mill operations started in October, with fine tuning of the mill over the past several months. 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 site so that ore can be crushed before being shipped to the mill for processing.

Phase One: Initial Production

Initial production has started at a mine site identified as the Yellow Hammer Mine. Current production includes the recovery of copper, gold, silver and tungsten. The average ore being processed by Desert Hawk is running 4-6% copper with gold, silver, and tungsten by-products. High grade zones have exceeded 17% copper. The first copper, gold, and silver concentrate has been shipped to the smelter and the first payment is expected in April. Several other known copper/gold deposits located within the area will be used for additional mill feed.

Phase Two:

Phase two involves the construction of a copper heap leach at the mill site to extract the oxide copper. The recovered copper will boost revenues and royalties. Government filings have been submitted, and the venture is currently awaiting approval.

Phase Three:

Filings have been made with government agencies to construct a large heap leach pad near the Kiewit properties. This pad is being engineered to accommodate not only the gold resources from the Kiewit properties, but also silver and gold material from surrounding mine sites. It is anticipated that the government approval will be granted later this year and that construction will begin thereafter. We expect this to be the largest and most profitable project for the Company.

Technology:

Rustum Roy, one of the premiere solid state physicists, and William Moeller have developed a potentially important process and assigned the corresponding US Patent (7,850,759) to the Company. There was a error in the filing of the assignment but it has since been corrected. The patent involves the use of microwave technology, and particular frequencies, to treat certain types of refractory ore. Preliminary testing at the Department of Metallurgy of the University of Utah has shown this technology to increase precious metals recoveries by as much as ten-fold. Clifton will continue testing this process with the intent of using it in the mill process and potentially licensing the technology to other mining companies.

Lawsuits:

The two lawsuits the Company was previously named in have both been amicably settled.

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.

 

 

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#145   History of December lows followed by January highs. willlbone 12/04/15 05:36:23 PM
#144   Wow 5 cents. willlbone 12/04/15 03:41:31 PM
#143   Royalties of 6% are due to Clifton Mining just-for-fun 11/19/15 08:41:04 AM
#142   http://www.sec.gov/Archives/edgar/data/1168081/000107878215000790/f10q033115_10q just-for-fun 06/16/15 11:04:06 AM
#141   Here's the entire Seeking Alpha article: cassini2titan 05/25/15 11:07:00 PM
#140   Post link please eom7 05/22/15 09:51:39 AM
#139   It may be time to bring this board cassini2titan 05/20/15 06:14:58 PM
#138   Before you sign off you may want to keyotee 12/02/14 05:20:00 PM
#137   Kiewit Project Update... vindhu 04/29/14 08:19:51 AM
#136   Desert Hawk Gold Corp 2014 Permit Fee TRAPPER JIM 02/28/14 09:21:40 PM
#135   Desert Hawk 10Q just-for-fun 11/22/13 01:28:46 PM
#134   Weekly chart: Pro-Life 02/08/13 12:33:20 PM
#133   Nothing will change with an otcMarkets STOP sign: Pro-Life 01/24/13 04:47:42 AM
#132   The year of directionless trading is closing: Pro-Life 12/31/12 02:17:47 AM
#131   Mr. Clifton? Is that you? lol. bobinmich22 12/08/12 11:28:25 PM
#130   Shares Outstanding: 57,024,106 a/o Jun 30, 2012 Pro-Life 12/08/12 04:05:18 PM
#129   Weekly chart action: Pro-Life 12/08/12 04:02:52 PM
#128   Monthly chart action: Pro-Life 12/08/12 04:00:50 PM
#127   ABL is never in the spot light anymore... Pro-Life 12/08/12 03:51:45 PM
#126   Rare is right... a hidden gem in this Pro-Life 12/08/12 03:48:59 PM
#125   Some rare news out of Clifton..... bobinmich22 12/06/12 10:08:05 AM
#124   Fresh Releases - December 4, 2012 canucklehead80 12/04/12 09:38:25 PM
#123   Yes, it is great news indeed. As foxwood90 10/10/12 05:15:15 AM
#122   Desert Hawk Gold Receives Tenative Approval To Commence arrowhouse1 10/04/12 03:02:55 PM
#121   Shareholder's Meeting In Mid-October? foxwood90 09/01/12 07:01:00 AM
#120   Clifton Mining Company has received its final permits arrowhouse1 08/07/12 08:46:55 PM
#119   Does anyone out there know when the shareholder's foxwood90 06/30/12 06:38:07 AM
#118   Wow Guys!!! Good News!! PeterHeinz 01/18/12 12:32:41 PM
#117   Heaviest volume in many months yesterday and nice foxwood90 10/18/11 06:39:17 AM
#116   C'mon MM's close the spread. No one wants narvo0 09/29/11 03:30:13 PM
#115   C'mon just-for-fun...u know..... just like the fed res. narvo0 09/29/11 03:29:25 PM
#114   How in the world is it possible to just-for-fun 09/29/11 01:09:03 PM
#113   Pretty quiet for todays pr. Are these guys narvo0 09/29/11 01:01:21 PM
#112   This company should fire all it's management, oh just-for-fun 09/27/11 10:29:25 AM
#111   Thank you foxwood90 for the info. bigone 09/11/11 08:42:48 PM
#110   Very good catch. rich2 09/03/11 07:12:37 PM
#109   The way I read it is 4-15% EXCEPT just-for-fun 09/03/11 02:07:38 PM
#108   Clifton did not receive $80,000, the Moeller Family just-for-fun 09/03/11 01:57:58 PM
#107   Thanks for finding the 1o-Q. The 6% foxwood90 09/03/11 07:10:15 AM
#106   Desert Hawk 10-Q just-for-fun 09/02/11 10:13:25 AM
#105   Appreciate your commentary and you made a great foxwood90 09/02/11 07:05:27 AM
#104   I have not bought back in yet, but rich2 08/31/11 02:30:40 PM
#103   Great future confirmed at annual meeting, but alas, foxwood90 08/31/11 07:12:23 AM
#102   We should have some additional news on the foxwood90 08/23/11 05:08:03 AM
#101   I like Clifton Mining a lot. Have been rich2 08/22/11 02:54:46 AM
#100   News release says it all - things are foxwood90 07/01/11 07:16:40 AM
#99   marketbust, yes I too like CFTN. bigone 05/30/11 04:55:14 PM
#98   Clifton Mining has been steadily moving toward their marketbust 05/30/11 04:38:59 PM
#97   Do I hear the spring getting wound tighter bigone 05/28/11 01:54:47 PM
#96   Sounds like pretty good news to me. Glad bigone 05/18/11 09:05:47 PM
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