There are a number of natural resource companies that may be jostling for attention from investors at this point in time and one of those is the Clifton Mining Company (OTCMKTS:CFTN). The company is involved in the acquisition, development and ultimately exploration of mineral properties.
It is primarily focused on lead, silver, and gold production from its joint venture property which is located at the Nevada-Utah border. As of December 31, 2021, the company’s mining claims were made up of as many as 82 patented claims, 6 state mineral leases, and as many as 32 placer claims. The company had been established back in 1993 and is based out of American Fork in Utah.
The company was in fact in the news earlier this week on Tuesday when it announced that it had got the production report for the months of June and July 2022 from Desert Hawk Gold Corp. Over the course of those two months, Desert Hawk had managed to sell as much as 618 ounces of silver and 505 ounces of gold that it had managed to recover from the leach pad.
In addition to that, it was reported that Desert Hawk has also managed to crush as much as 11821 tons of iron ore during the month of June. However, since then the mining and crushing operations had been ceased.
That being said, Desert Hawk noted that it was still running the operations at the heap leach pad and believes that it was going to receive its expansion permit at some point in the Fall of this year. In addition to that, the report also noted that at the end of July 2022, there were as many as 3313 recoverable ounces of gold that were remaining at the leach pad.
