ALPINE, Utah, Jan. 28, 2004 (PRIMEZONE) -- Clifton Mining Company (Clifton)(Other OTC:CFTN) has acquired a high-grade copper/gold property located adjacent to current holdings.
New High-Grade Copper/Silver/Gold Property
Clifton has purchased two patented mining properties, comprising 34 acres, adjacent to the joint venture with Dumont Nickel Inc. This acquisition, from descendents of an old miner, has taken 20 years to consummate. Said Keith Moeller, "We have been trying for years to obtain these properties and have finally completed the deal. The minerals on the property are found in different deposits; silver veins with gold and lead, and high-grade copper with silver and gold. Samples taken from outcrops and pits on the property have assayed in excess of three ounces of gold per ton."
Shipped By Wagon
Historical records from the early 1900s show that hundreds of tons of high-grade ore were shipped by wagon to a railroad terminal 50 miles away. The ore was rich enough that it was shipped, without concentrating it, directly to the smelter. These past records indicate that the shipped ore averaged more than 10% copper, 3.5 oz/ton silver, and 0.045 oz/ton of gold.
Clifton trades on the U.S. OTC: (CFTN). For additional information, contact Dr. Ken Friedman, President at 303-642-0659, Keith Moeller at 801-756-1414 or see our website at www.cliftonmining.com.
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.