Clifton Mining (CFTN) has announced that Desert Hawk Gold Corp. (Desert Hawk), completed the overhaul and renovation of the Gold Hill mill in September of 2010.
They also said that initial production has started at a mine site identified as the Yellow Hammer Mine. Current production includes the recovery of copper, gold, silver and tungsten. The average ore being processed by Desert Hawk is running 4-6% copper with gold, silver, and tungsten by-products. High grade zones have exceeded 17% copper. The first copper, gold, and silver concentrate has been shipped to the smelter and the first payment is expected in April.
Most importantly they have noted that filings have been made with government agencies to construct a large heap leach pad near the Kiewit properties. This pad is being engineered to accommodate not only the gold resources from the Kiewit properties, but also silver and gold material from surrounding mine sites. It is anticipated that the government approval will be granted later this year and that construction will begin thereafter. We expect this to be the largest and most profitable project for the Company.
I personally have communicated with Rick Havenstrite who is the president of Desert Hawk Gold Corp and he informed me that they have spent approximately one Million Dollars working on getting the Keiwit project approved and up to speed. He expects it to be ready to roll this year.
Get ready Clifton Mining shareholders, your time is coming.
