ALPINE, UT, Feb. 25, 2014 /PRNewswire/ - Desert Hawk Mining,
Clifton Mining's partner on the Kiewit project, has just received
the final tranche of a financing to place Kiewit into
production. All necessary permits have been received, and the
$5.7 million will fund the
construction of a heap leach operation. A bond of
$1.3 million has just been posted
with the State of Utah. We
are hopeful that construction will begin within weeks.
Desert Hawk has announced that it plans to produce 20,000 ounces
of gold annually from this Operation. Clifton will receive a
5% net smelter return.
Clifton trades on the U.S. OTC: (CFTN). For additional
information, contact Dr. Ken
Friedman, President at 303-642-0659, William Moeller, Chairman at 801-756-1414, or
see the website at www.cliftonmining.com.
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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