OTC: CFTN

    ALPINE, UT, July 20 /PRNewswire-FirstCall/ - Surface sampling completed
by Dumont Nickel Inc. (DNI:TO) has led to the discovery of four new gold
bearing zones of comparable size to the original Kiewit zone. It has also
produced evidence that the Kiewit Zone is larger than previously thought and
that it may contain as many as three stacked layers of gold bearing rock.

    Potential for Increased Size and Stacked Deposits at Kiewit
    -----------------------------------------------------------

    Dumont Nickel, Clifton's joint venture partner, has taken more than
10,000 surface, rock, and soil samples across the mining property. This
surface sampling, along with drilling, has led to the discovery that the
Kiewit gold zone is significantly larger than previously expected. In
addition, trace element anomaly patterns suggest that the Kiewit Gold Zone may
contain as many as three separate layers of gold bearing rock stacked on top
of each other. If this evidence is confirmed, it could more than triple the
size of the Kiewit gold zone.

    New Gold Discoveries
    --------------------

    The intensive geologic and sampling work that has been completed by DNI
has also led to the discovery of 4 additional gold bearing rock structures
that have similar size to the historic Kiewit Gold Zones.
    Said Keith Moeller VP, "We are delighted by the results that (i) the
Kiewit zone may be considerably larger than previously thought; (ii) it is
likely part of a stacked system; and (iii) there are at least four additional
locally gold bearing zones of similar dimensions to the original Kiewit zone.
We had hoped that the Kiewit project had significant potential, but the data
suggests this project may be even bigger than we had anticipated."

    As An Example: How to Calculate the Size of a Geologic Resource
    ---------------------------------------------------------------

    Informational note only: We have been contacted by a number of
shareholders wishing to know how to translate drill data into estimates of the
size of a resource. To approximate a gold resource, one would first calculate
the volume of the deposit. For example, Dumont's press release of July 12
claims evidence "suggesting the overall presence of a substantially continuous
400 m x 2,000 m horizon of gold mineralization which dips westerly beyond its
400 m estimated width..." and "the holes collectively depict a 50 m thick...
section". We would CAUTION that the work done to date does NOT establish a
proven, probable or inferred reserve or resource. A great deal more drilling
must be done to establish even an inferred resource. Still, for the purposes
of this example, a continuous deposit 2,000 meters long by 400 meters wide
with only one layer 50 meters deep contains 40 million cubic meters. One would
then multiply the volume by the specific gravity of the rock, often around
2.5, to calculate the weight. The deposit in the example would contain 100
million metric tonnes. Finally, one would multiply by the average grade. IF
the average grade of the hypothetic deposit were 0.7 grams per ton, the
deposit would contain 70 million grams, or just over 2 million ounces of gold.

    Clifton trades on the U.S. OTC: (CFTN).

    ------------------------
    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.

Link to this page: