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July 25th, 2005 PRESS RELEASE 24 DRILL HOLES COMPLETED/ MORE GOLD FOUND IN CANE SPRINGS Clifton Mining Company (OTC:CFTN) is pleased to announce the completion of 24 Drill holes adjacent to the Historic Cane Springs gold mine, Gold was found in a number of the drill intervals for lengths of between 10 and 50 feet long. Gold values in the drill holes ranged from just a trace to over an ounce of gold per ton. The 24 holes (total drilling of 3,400 ft.) were drilled in the area close to the Cane Springs Historic Gold Mine. Dumont Nickel Inc. (Dumont) (Clifton’s joint venture partner) had completed a great deal of surface geological and sampling work in the area and believed that other gold zones could exist close to the historic high-grade gold mine. To test the theory Dumont drilled the 24 holes in a grid pattern. Two of the holes, drilled on trend from the Cane Springs Historic Gold Mine workings, returned good gold grades from a previously unexplored structure thought to be either a new gold zone or an offset extension of the main zone of the Historic Mine. An additional two holes of interest are located over the Mine, approximately 35 m (100 ft.) above the uppermost level mined.
Initial gold assays from many other holes also reported gold ranging from just a trace up to 0.035oz/ton, from sections ranging from 5 ft. to 10 ft. in thickness. All of the assays are being cross-checked to better understand what is happening in the rock under the ground. Given the size and shape of the pay zone at the historic Mine, these drill results which have only short runs of gold are considered to be indicators of more nearby gold mineralization. In other words, that there is more gold in the area and we think that we are getting close to finding these new gold deposits. Said Mr. Moeller, VP of Clifton, “Finding gold in this new area adjacent to the historic mine is very exciting, especially when we had no proof that it existed before this drilling was completed. The five foot section that averaged over an ounce of gold per ton falls right in line with the type of gold value that was mined historically. The core drilling announced in July of 2003 on the east side of the mine also cut through a section of the high-grade gold. That drill hole section ran over six ounces of gold per ton. What the numbers tell us is that not only is there market grade gold in the area, but there may also be a considerable amount of the multiple ounce high-grade gold that the mine is famous for. The other good news is that we have a fully permitted and operable production mill less than 1,000 feet from the mine. Once the drilling is finished in the area, it may be a short trip for the gold in the rock to become cash for the joint venture companies.” The historical Cane Springs Mine produced gold during the late 1800’s and early 1900’s from a high grade shoot made out of what we call cooked limestone. Besides the high-grade gold, the mine ore also carried copper and silver. Underground workings extend down to 240 feet below surface, and consist of four short levels accessible by two shafts. The ore in the mine never ran out and was only mined down to the 147 foot level. Historical records indicate that at least 60,000 tons were mined with boxcar grades ranging 0.5 to 9.0 ounce of gold per ton of ore. The gold was native gold and was visible in the rock which made it easy to mill. Ore faces from the third and fourth levels are reported to have typically assayed approximately 1.5oz/ton in gold value with silver at 1 to 1.4oz/ton, and pillar material in the lower levels to have typically ranged in gold from 3.4 to 9.1oz/ton. Records also indicate that active mine headings terminated in ore. Meaning that they did not run out of gold ore but had stopped mining because of world war two and had never started mining again. Historical surface sampling records from the vicinity of the Mine report good gold values from trenching across a multitude of shear zones which have not previously been explored below the surface. Records also propose that the pay zone mined is one of a pair of zones, and that the “sister” shoot was not developed nor explored. Management’s findings to date are consistent with historic records suggesting the presence of good grade gold zones yet to be discovered in the vicinity of the Historic Mine. These are considered to be very encouraging findings given that localities away from the Mine have not previously been adequately explored, especially below the surface. Clifton trades on the U.S. OTC: (CFTN). For additional information, contact Dr. Ken Friedman, President at 303-642-0659, Keith Moeller Vice President at 801-756-1414 or see our website at www.cliftonmining.com. ### 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 |
