Clifton Mining Company has received notice that Desert Hawk Gold Corp. has closed on an agreement to buy out its main creditor. This will help solve the debt and equity issues with their company and allow them to get back into production on Clifton's Kiewit property. This transaction has helped Desert Hawk Gold Corp. reduce its debt by [...]
Clifton Mining Company received a distribution in December 2017 from its investment in American Silver, LLC of $106,750. This amount and the amount received in March 2017 totals $320,250. American Silver, LLC sent an update to its shareholders and below is a summary of that information. During 2017, approvals were granted to the company by the [...]
Mr. Jerry L. Wilhelm has been appointed to serve as a board member to fill the vacancy left by the passing of Mr. Larrabee (Larry) M. Smith until the next shareholder meeting. Mr. Wilhelm is a retired Pharmacist with 41 years of medical and business experience, including spending most of his business years as a very active investor both [...]
AMERICAN FORK, UT, Sept. 27, 2017 /PRNewswire/ - It is with deep sorrow that the Company announces the death of director Larrabee (Larry) M. Smith. Larry's self-effacing brilliance was surpassed only by his wisdom as a person of profound and gentle understanding. We wish to convey our condolences to his family. SOURCE [...]
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 [...]
Desert Hawk has restarted gold production from the Kiewit zone and has made its initial payment to Clifton Mining. The region had a wet winter and spring, so that water availability should not be a constraint on production. We expect Desert Hawk to begin loading a second level on the leach pad this summer, which should increase gold recoveries [...]
Clifton Mining Company has just released its audited financials for the year ended December 31, 2016 and they are posted on the Company's website and on the OTC informational portal. Audited results show the Company going from a net loss of $719,870 in 2015, to generating a net income of $133,315 in 2016. Earnings from the Company's investment in [...]
ALPINE, UT, Dec. 20, 2016 /PRNewswire/ - Happy Holidays The officers and directors of Clifton Mining wish each of you a warm and wonderful Holiday season and a healthy and satisfying 2017. We are hopeful that this coming year will provide some new and important breakthroughs. Shareholder's Meeting Because of another error in the voting process [...]
ALPINE, UT, Dec. 7, 2016 /PRNewswire/ - Shareholder's Meeting The annual shareholder meeting was originally schedule for Friday November 11, 2016, however an error occurred in the voting process and the meeting had to be reschedule for December 22, 2016, at 3:30 pm, at the Company's office, which is located at 705 East 50 South, American Fork [...]
ALPINE, UT, May 24, 2016 /PRNewswire/ - Clifton management has received a link to a video prepared by Rick Havenstrite, President of Desert Hawk Gold Corp and his team, providing a visual update on the Kiewit Mine Project. The web address is https://www.youtube.com/watch?v=i7fNEq9cxXM. Desert Hawk Gold Corp. is estimating the Kiewit Mine [...]
ALPINE, UT, April 21, 2016 /PRNewswire/ - Mining Operations After a difficult winter, the snows at Clifton have melted and Desert Hawk Gold Corp. is ramping up production at the Kiewit project. With the infrastructure fully in place and a good bit of only partly-leached ore already on the pad, this year should see a significant increase in gold [...]
Mining Operations Desert Hawk has encountered a number of obstacles well beyond the standard ones confronted by most start-up heap leaches. Most notably, unusual torrential rains both interfered with the loading of ore and also diluted the lixiviant used to recover the gold. As a result, the ramp-up of production has been slower than initial [...]
