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Gold/Mining/Energy : Clifton Mining (CFB-Alberta)-Silver Play
CFTN 0.1100.0%Nov 6 12:08 PM EST

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To: David Luton who wrote (292)2/16/1998 9:43:00 PM
From: virginijus poshkus   of 653
 
Dave, there is always that possibility, but when they split clifton off from acmg I don't think any of the silver property was included. the acmg property has the kewit gold zone(200m ozs proved), the yellow hammer zone(copper, gold etc) and also some tungsten on another part of the property. i think that is about it. the kewit zone needs some more drilling to bring the reserve up to 400m to 500m ozs, if they can do this we have a mine. 50m ozs per year for 10 years would be nice. the copper part of the property also has some good possibilities, we need a few bucks in the till to drill this, increase the reserves and start mining. i believe a major gold company at one time was interested in the kewit zone, however the gold prices fell out of bed and they lost interest. perhaps they will come back if the price goes back up to $350/oz. this was a good omen though to have a major looking at the property. they must have seen some upside. anyway, that is about all i can add to the picture right now.

vargas

ps. this was the answer to the acmg question you had.
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