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AMERICAN FORK - Clifton Mining Company (OTCBB: CFTN) ("Clifton") - Purchase of Patented Claims
AMERICAN FORK - Clifton Mining Company (OTCBB: CFTN) ("Clifton") - Purchase of Patented Claims.
About this update from Clifton Mining Co.
[{"type":"text","content":"\n\n\n\nAMERICAN FORK - Clifton Mining Company (OTCBB: CFTN) (\"Clifton\") - Purchase of Patented Claims\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nAMERICAN FORK - Clifton Mining Company (OTCBB: CFTN) (\"Clifton\") - Purchase of Patented Claims\nPR Newswire\nAMERICAN FORK, UT, July 2, 2019\n\n\n\nAMERICAN FORK, UT, July 2, 2019 /PRNewswire/ - Clifton management is pleased to announce the acquisition of 44 additional patent mining claims.  This purchase more than doubles the current number of 38 patented mining claims owned by the Company to a new total of 82 patented mining claims. These new patented mining claims add an additional 731 acres, taking the total number of acres owned or controlled by the Company to more than 14,000 acres. These new claims are located contiguous to the Company's existing claims in the Clifton Mining District in Tooele County, Utah. In the same transaction, Desert Hawk Gold Corp. also purchased 20 patented mining claims adding an additional 352 acres to their project.  The total purchase price for all 64 claims was $500,000, with Clifton and Desert Hawk each paying one-half of the total purchase price or $250,000 each. \nSaid Keith Moeller, VP of Clifton, \"We have been wanting to acquire this valuable property for decades, but it has been unavailable until now. These purchases benefit Clifton in several ways, first, it doubles the amount of patented property owned by Clifton, increasing the potential for additional operations on Clifton's properties. Second, the acquisition includes two claims that have on surface silicon blowouts, which typically signifies the center of two crossing mineralized zones.  Third, the claims purchased by Desert Hawk can add more reserves and longevity to the Kiewit Heap Leach Project, since many of the claims they purchased are contiguous to their current mining operations.  Clifton benefits from Desert Hawk successes as a current substantial owner of Desert Hawk shares.\"\nPlease see the Company's website www.cliftonmining.com for additional Company informa...