Clifton Star Announces Drill Results From Duparquet Project; Shares Dip Nearly 5%
Clifton Star Resources Inc. (CFO.V) today announced the assay results for an additional 30 drill holes from its 2013 Duparquet Project drill program, as well as results from its drill core resampling program of the Dumico Property.
Drill Highlights include:
Hole BD13-10 with 6.0 meters grading 7.06 g/t Au (RW/RS Zone)
Hole BD13-11 with 20.4 meters grading 1.34 g/t Au (Syenite) and 19.0 meters grading 1.46 g/t Au (South Zone)
Hole BD13-20 with 3.0 meters grading 10.2 g/t Au (North Zone)
Dumico resampling program:
The Dumico Property is located within the larger Duparquet Project, immediately to the east and adjacent to the Central Duparquet deposit. In 2012 and 2013, Clifton Star undertook a program of relogging and resampling the core available for the Dumico Property. This included the re-analysis of 3,544 samples in 19 drill holes.
Highlights from Dumico Resampling Program include:
Hole DUM08-01 with 49.4 meters grading 1.58 g/t Au including 8.2 meters grading 7.62 g/t Au (cut assay).
Hole DUM08-06 with 12.8 meters grading 3.38 g/t Au including 3.0 meters grading 11.90 g/t Au.
Hole DUM09-06 with 12.2 meters grading 3.35 g/t Au including 3.2 meters grading 7.82 g/t Au.
A new resource estimate is currently in the process of being prepared and will include 97 drill holes completed during the 2012-13 Duparquet Project drill program as well as the resampling of 19 holes from the Dumico Property. This resource estimate is expected to be available in mid-2013.
Clifton Star has started a Pre-Feasibility Study on the Duparquet Project that will compare the relative benefits of the two possible process treatments, either a POX circuit, as used in the PEA, or the production of high grade gold concentrates as an alternate process. Pilot Plant testing is presently on-going at SGS Lakefield facilities and will be completed in July 2013.
Shares are down 1.5 cents to 30.5 cents mid-morning.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.