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Gold/Mining/Energy : Sun River Mining (SUNR) -- Ignore unavailable to you. Want to Upgrade?


To: Mr Metals who wrote (437)2/22/1999 7:02:00 PM
From: CIMA  Read Replies (1) | Respond to of 1650
 
According to the Bolivian press, TT is quoted as saying the BD report will be released to the public sometime tonight. That should clarify matters but my impression from reading the Spanish versions is that this is legit and should be a strong release. I don't think reserve/resource numbers will be in the release if I'm interpreting correctly. I don't know where the 62M ozs came from. The BD reps, after meeting with various government representatives and mining industry people, seemed to be backing off on any exact numbers.



To: Mr Metals who wrote (437)2/23/1999 9:28:00 AM
From: Lazarus  Read Replies (1) | Respond to of 1650
 
News out on CLIFTON - they got more than snake oil :)

biz.yahoo.com

Tuesday February 23, 6:59 am Eastern Time
Company Press Release
SOURCE: Clifton Mining Company
Clifton Mining to Re-Open Their Cane Springs Mine
ALPINE, Utah, Feb. 23 /PRNewswire/ -- Clifton Mining Company (OTC-Bulletin Board: CFTN - news; Alberta: CFB - news) announced today they have secured the necessary permits to pump water out of their Cane Springs Mine making it ready for mining purposes soon according to William Moeller, President of Clifton Mining Company, an emerging junior mining and exploration company. Assays from the lower levels of the Cane Springs Mine are averaging over an ounce of gold per ton.

''We are committed to getting the mine back on stream and are confident that it will be done quickly and effectively,'' said Moeller. ''The production from Cane Springs Mine will enhance our company's overall value since it is such a high-grade mine.

Clifton has assets in the northern Deep Creek Mountains of West-Central Utah in the Clifton Mining District. The company currently has millions of ounces of silver and thousands of ounces of gold certified resources. Silver and Gold are the primary metals mined by the company. Clifton has been processing its reserves since October, 1998 via a Gravity/Flotation mill on its property. The Company has the capacity to mill 200 tons per day with a second mill under construction that will create an additional 750 tons per day of capacity. Clifton's long term value is further enhanced by additional mineral deposits including: skarn deposits, bedded replacement deposits and potentially a porphyry deposit.

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. These include economic, competitive, governmental, technological and other factors discussed in the company's business plan and due-diligence information. The Alberta Exchange neither approves nor disapproves or the contents of this news release.

SOURCE: Clifton Mining Company