Clifton Mining offers investment update

Mining royalties, wound dressing gels bringing in revenue for Utah company

Clifton Mining Company recently posted an update on its mining operations and other investments.

Since November, Clifton Mining has received $78,351 in royalties from Desert Hawk Gold Corp., which has taken over mining of the company's Kiewit claims, the Cane Springs claims and other target sites in Utah. 

Clifton officials pointed out late last year that heap leach operations such as Desert Hawk normally begin slowly, but that as more ore is added to the leach pile operations pick up speed. Warmer temperatures should also speed up production, which will result in increased royalty payments to Clifton.

The Utah-based company also received a $213,500 distribution payment from American Silver, LLC following the successful launch of four new over-the-counter dressing gels through its subsidiary, American Biotech Labs (ABL) Medical.

Clifton Mining owns 23 percent of ABL, also based in Utah.

The new wound dressing gels are targeted for specific consumer groups: ASAP OTC is being marketed for spa- and health-related businesses; ABL is offering Armor Gel for sports and athletic consumers; ASAP Pet Shield is being marketed to animal care businesses; and SilverSol Tooth Gel is being made available in natural health shops and outlets.

Clifton Mining's financial statements were recently posted on the company's website.

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