Clifton Mining (CFB-Alberta)-Silver Play Message Board

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Gold/Mining/Energy : Clifton Mining (CFB-Alberta)-Silver Play

CFTN 0.110

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Nov 6 12:08 PM EST

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To: Dan P who wrote (2)	4/2/1997 12:50:00 PM
From: Robert	of 653

CLIFTON MINING COMPANY ANNOUNCES DRILL RESULTS CALGARY, April 2 /CNW/ - Clifton Mining Company (``Clifton'') announces that core hole No. TFS-1C has intersected the Thirty-Foot Shaft vein in a seven-foot section from 103' to 110'. This core hole confirms the existence of valuable minerals within the Shear Veins to a depth of 130' below the main Clifton tunnel. The seven-foot core section was assayed at an independent lab and averaged 9.9 oz./ton silver, .018 oz./ton gold and 8.84% lead, with the interval from 106' to 110' averaging 12.5 oz./ton silver, 0.018 oz./ton gold, and 13% lead. The average grades across the seven-foot width were better than anticipated, and provide a value of $145 (US) per ton at current silver, gold and lead prices. Total operating costs are estimated at $55 (US) per ton (Offering Memorandum 1/17/97). Clifton is continuing the Shear Zone core drilling program as planned. Further results will be released as they become available. The Alberta Stock Exchange has neither approved nor disapproved of the contents of this news release. -30- For further information: Mr. Keith W. Moeller, Clifton Mining Company (801) 756-1414 CLIFTON MINING COMPANY has 2 releases in this database.

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