Clifton Mining Company Inc. (OTC: CFTN)
October 16 2007 - 7:00AM
PR Newswire (US)
CALGARY, Oct. 16 /PRNewswire-FirstCall/ -- On October 16, Dumont
Nickel, Clifton joint-venture partner, has issued a press release
summarizing their progress in exploring the Clifton-Gold Hill area.
The main points are as follows: Rattler Project Area "Results from
the drilling program confirmed that the surface gold anomaly is
indeed reflective of subsurface gold in the siltstone. The combined
surface and drill results from the area suggest that the
westernmost hole may have cut the periphery of a larger mineralized
system and that future drilling should focus on tracing this zone
westward and to the south beneath other surface gold anomalies."
Kiewit Project Area "Dumont's in-house Scoping Study... to evaluate
economic viability of a portion of the Kiewit Gold Zone. This
portion, comprises a 250m x 250m area overlying the Historic
portion of the Zone. It is the most accessible and has been
grid-drilled by Dumont in sufficient detail to support a resource
estimate. The Study is intended to establish threshold economic
parameters to enable a determination whether delineation of
additional similarly mineralized material elsewhere over the 2 km
length of the Kiewit Gold Zone is warranted." Cane Springs Property
"Work on the Cane Springs Property has reached the definition
drilling stage requiring grid drilling of approximately thirty
closely spaced holes to expand high grade gold zones discovered in
2005 and confirmed in 2006." New Land Acquisition - Gold Hill
District Clifton has recently picked up 102 load claims totaling
approximately 2,000 acres of property which were released from the
joint venture. This acquisition almost doubles Clifton's load claim
land position. Clifton has acquired the property because of known
drill results with reported gold values and because of the claims
close proximity to Clifton's gold and silver processing mill. In
brief, Dumont has done considerable work in three areas. While it
has not yet developed a proven or probable reserve, it has shown
that each of these areas has potential to host significant
commercial gold deposits. 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. DATASOURCE: Clifton Mining Company CONTACT: Dr.
Ken Friedman, President, (303) 642-0659; Keith Moeller, Vice
President, (801) 756-1414; or see our website at
http://www.cliftonmining.com/
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