Clifton Mining Provides Update on Kiewit Gold Project – DNI Metals has 0.5% royalty
May 7, 2015 (Source: CNW) — The Management of Clifton Mining has recently completed an onsite inspection of the Desert Hawk Gold Corp. heap leach operation. Now that the weather is cooperating, the project has moved from limited winter production back into full swing operations. Mining has resumed, moving as much as several thousand tons daily onto the heap leach pad. Leaching operations are expanding as the first layer on the pad is being filled. Within a few months this much larger surface area can help increase gold production. In order to have a direct view of the current operations, please see the two new video clips downloaded to Clifton’s Company’s website under Recent Announcements “1 April 2015” and also on YouTube under the headings of: “Clifton Mining Update [3/31/15] Bottom” and “Clifton Mining Update [3/31/15] Digging”.
Clifton trades on the U.S. OTC: (CFTN).
Pursuant to an agreement signed between DNI Metals Inc. and Clifton Mining Company dated July 14, 2009, a 0.5% royalty shall be paid to DNI from the sale of product at the Kiewit Gold Project, Utah, USA.
Each payment is to be paid within 30 days of the end of each quarter.
Production began in November and Clifton Mining Company has paid DNI as per the terms of the agreement.
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For more information, please refer to Clifton Mining’s press release dated November 19th, 2014. http://www.newswire.ca/en/story/1448869/first-royalty-payment-and-meeting-update
DNI Metals continues its focus on Industrial minerals.
It owns 100% of the Buckton Polymetallic Deposit in Alberta. Mo-Ni-U-V-Zn-Cu-Co-Li-REE-Th are among the minerals found in this deposit, including large amounts of Scandium.
DNI is investigating potential Frac sand deposits, on its claims, close to Fort McMurray, Alberta.
DNI has signed LOI’s on Graphite properties in Madagascar and Brazil.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
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We seek Safe Harbour. This announcement includes forward looking statements. While these statements represent DNI’s best current judgment, they are subject to risks and uncertainties that could cause actual results to vary, including risk factors listed in DNI’s Annual Information Form and its MD&As, all of which are available from SEDAR and on its website.
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