Clifton Star Confirms Excellent Gold Recoveries In Pilot Plant Testing on Duparquet Bulk Sample.
Clifton Star Resources Inc. (“Clifton Star” or the “Corporation”) (TSXV-CFO; Deutsche Boerse-C3T) is pleased to report that it has successfullycompleted a continuous pilot plant test at SGS Minerals at Lakefield, Ontario, Canada. The tests and analyses were carried out from March to August 2013 to confirm gold recoveries using flotation, pressure oxidation and cyanidation. The tests were highly successful and confirmed earlier bench results.
Highlights: Continuous flotation pilot plant testing was conducted to make a Bulk Concentrate for Pressure Oxidation (POX) pilot testing and also, as an alternate process, to simply produce a High Grade Gold Concentrate that could be sold directly to Smelters. For the POX process, the Bulk Concentrate produced by flotation assayed 26.8 g/t Au with an average 91.7% gold recovery. After applying POX to the flotation concentrate and cyanide leach to the flotation tailing, the overall average recovery of gold was 92%. Further work has shown that this can reach 94% by using a hot lime treatment of the POX product before cyanidation.
For the Gold Concentrate process, the concentrate assayed an average of 49.9 g/t Au, 50.0 g/t Ag and 31.4% S. Flotation recoveries averaged 86.5% for gold. The flotation tailing was cyanide leached and this raised the overall gold recovery to 91.9%. These concentrates could likely be sold, without further processing to Smelters.
We are very involved with this company as I have mentioned in the past.
Our regulatory division, headed up by Steve Taylor, handles all of it reporting to the SEC and they are sponsors of our site.
I have personally purchased stock out of the open market on two occasions in the past six months.
I spoke with John Embry about CFO after our interview last week.
And, coincidentally, Kathy and I had dinner Monday night with Harry Miller (founder) and his wife Carol.
I am still pretty comfortable with my position.
I own this stock (at a large loss), because I believe it has potential. However, from a technical point of view only the 50 day MACD would suggest a buy at this time. It may be turning around, but……?
Good insider buying.
atest 10 SEDI filings (by transaction date) for CFO*CA within the last 6 months
As of 11:59pm ET September 17th, 2013
Filing
Date Transaction
Date Insider Name Ownership
Type Securities Nature of transaction # or value acquired or disposed of Price
Aug 28/13 Aug 28/13 Dreisinger, David Bruce Indirect Ownership Common Shares 10 – Acquisition in the public market 15,000 $0.300
Jul 31/13 Jul 31/13 Bouchard, Michel Direct Ownership Common Shares 10 – Acquisition in the public market 5,000 $0.240
Jul 10/13 Jul 9/13 Miller, Harry Direct Ownership Common Shares 10 – Acquisition in the public market 5,000 $0.230
Jun 30/13 Jun 28/13 Bouchard, Michel Indirect Ownership Common Shares 10 – Acquisition in the public market 10,000 $0.265
Jun 21/13 Jun 19/13 Nolan, Philip Patrick Joseph Indirect Ownership Common Shares 10 – Acquisition in the public market 100,000 $0.335
Jun 7/13 Jun 6/13 Nolan, Philip Patrick Joseph Indirect Ownership Common Shares 10 – Acquisition in the public market 100,000 $0.320
Jun 7/13 Jun 6/13 Nolan, Philip Patrick Joseph Indirect Ownership Common Shares 10 – Acquisition in the public market 73,500 $0.320
May 16/13 May 16/13 Bouchard, Michel Indirect Ownership Common Shares 10 – Acquisition in the public market 10,000 $0.295
Apr 18/13 Apr 18/13 Bouchard, Michel Indirect Ownership Common Shares 10 – Acquisition in the public market 10,000 $0.360
I did not like the options dilution, however, that occurred earlier this year. (April ?)