ALPINE, UT, March 31, 2015 /PRNewswire/ -
Mining Operations
From November 2014, when mining
production began, Clifton Mining has received $78,351 in royalty payments from Desert Hawk Gold
Corp., with more royalty payments pending. Management had
previously noted that heap leach operations typically start slowly
and progress as more ore is loaded onto the leach pile. With
the warmer Spring weather, we expect that production will increase
and result in increased royalty payments this year.
Financial Statements
Clifton's audited financials have been posted to the Company's
website.
Biotech Investment
Clifton Mining has received a distribution from American Silver,
LLC totaling $213,500. American
Silver's revenues have continued strong for the first quarter of
2015 and three new FDA cleared OTC wound dressing gels have been
launched through ABL Medical. These new wound dressing gel
products have been branded for specific markets. The ASAP
OTC™ Wound Dressing Product is for the spa and health markets; the
Armor Gel™ Wound Dressing product is being marketed and sold in the
sports and athletic markets; and the ASAP Pet Shield™ Wound
Dressing product is for the animal care market. An innovative
new tooth gel product has been developed and is being marketed and
sold in the natural health markets as SilverSol® Tooth
Gel by American Biotech Labs. Sales have already exceeded
25,000 units.
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.
SOURCE Clifton Mining Company