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CALGARY, Oct. 16 /PRNewswire-FirstCall/ -- On October 16, Dumont Nickel, Clifton joint-venture partner, has issued a press release summarizing their progress in exploring the Clifton-Gold Hill area. The main points are as follows:
Rattler Project Area
"Results from the drilling program confirmed that the surface gold anomaly is indeed reflective of subsurface gold in the siltstone. The combined surface and drill results from the area suggest that the westernmost hole may have cut the periphery of a larger mineralized system and that future drilling should focus on tracing this zone westward and to the south beneath other surface gold anomalies."
Kiewit Project Area
"Dumont's in-house Scoping Study... to evaluate economic viability of a portion of the Kiewit Gold Zone. This portion, comprises a 250m x 250m area overlying the Historic portion of the Zone. It is the most accessible and has been grid-drilled by Dumont in sufficient detail to support a resource estimate. The Study is intended to establish threshold economic parameters to enable a determination whether delineation of additional similarly mineralized material elsewhere over the 2 km length of the Kiewit Gold Zone is warranted."
Cane Springs Property
"Work on the Cane Springs Property has reached the definition drilling stage requiring grid drilling of approximately thirty closely spaced holes to expand high grade gold zones discovered in 2005 and confirmed in 2006."
New Land Acquisition - Gold Hill District
Clifton has recently picked up 102 load claims totaling approximately 2,000 acres of property which were released from the joint venture. This acquisition almost doubles Clifton's load claim land position. Clifton has acquired the property because of known drill results with reported gold values and because of the claims close proximity to Clifton's gold and silver processing mill.
In brief, Dumont has done considerable work in three areas. While it has not yet developed a proven or probable reserve, it has shown that each of these areas has potential to host significant commercial gold deposits.
Clifton trades on the U.S. OTC: (CFTN).
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.
DATASOURCE: Clifton Mining Company
CONTACT: Dr. Ken Friedman, President, (303) 642-0659; Keith Moeller, Vice
President, (801) 756-1414; or see our website at http://www.cliftonmining.com/