Vargas:
Here is the release: I agree. Good, steady progress. The gold
content of this vein is also of significance: the equivalent of
1.5 gms/tonne. Looks like production will begin next month, and
with increase in tonnage to 250 tons per day.
Regards
Dan
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Attention Business Editors:
CLIFTON MINING ENTERS START-UP PRODUCTION PHASE, ANNOUNCES INITIAL SAMPLE TEST RESULTS ON ELEVENTH SHEAR VEIN
ALPINE, UTAH, Nov. 18 /CNW/ - William D. Moeller, president and chairman
of Clifton Mining Company (ASE: CFB), today announced that the company has
recently begun start-up operations at its 5,100 acre property near Gold Hill,
Utah, and that efficiencies already have been achieved that increase total
production capacity.
During this initial phase, expected to last another four to six weeks,
Clifton has worked toward maximizing the mill's production capacity by
establishing optimal chemical usage and throughput settings. The company is
also training additional personnel to conduct operations for full-scale
production.
Moeller indicated that adjustments made thus far to the mill, which was
originally engineered for processing capacity of 200 tons/day, has increased
maximum daily production 25 percent to 250 tons/day. ''We are encouraged by
the progress that has been made during this start-up phase and look forward to
generating our first production-based revenue following the initiation of
full-scale operations next month,'' said Moeller.
Clifton Mining Company also announced preliminary sampling results on an
eleventh shear vein, named the 130 Foot Shaft vein, which is surface-visible
for more than 4,000 feet. Core hole drilling (dip -17 degrees) at 80 feet
beneath the surface showed a vein intercept two feet in width with average
values of 30.69 opt (ounces per ton of ore) of silver, 0.047 opt of gold and
13.4 percent of lead. An additional five feet of mineralized rock adjacent to
the vein assayed at an average of nearly four percent of lead, amounting to a
total mineralized width of seven feet.
''With full production set to begin, it is exciting to see the evidence
continuing to mount supporting the potential of our resource base. Once
formal sampling results are reviewed and approved by an independent mine
engineering company, the 130 Foot Shaft vein will represent the eleventh out
of 40 known veins where Clifton has established proven and probable
resources,'' said Moeller.
Founded in 1993, Clifton Mining Company is a natural resource company
focused on silver, gold and lead production at its approximately 5,100-acre
property, located on the Utah/Nevada border. Of the property's 40 identified
shear veins, 10 have been sampled with precious metal resources calculated.
With less than ten percent of the first 10 veins estimated, Clifton Mining's
total proven and probable resources are calculated at nearly 488,000 tons.
For further information visit the company's Web site at
itsnet.com.
Note: The Alberta Exchange has neither approved nor disapproved of the
contents of this news release.
%SEDAR: 00008095E
-0- 11/18/97
For further information: William D. Moeller, President and Chairman or Keith W. Moeller, Vice President, Clifton Mining Company, (801) 756-1414, ww.itsnet.com
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