Clifton Star Resources Inc.: Drilling to Commence at Duparquet
Published : June 21, 2011
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Keywords :   Gold | Market |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 21, 2011) - Clifton Star Resources Inc. (News - Market indicators)(FRANKFURT:C3T) is pleased to announce that it is in the process of finalizing an exploration program, mobilizing a work force, and establishing its drilling priorities as a result of assuming operatorship of the Duparquet Gold Project in Duparquet and Destor townships of southwestern Quebec.

The initial phase of the drilling program will be to extend holes that stopped in mineralization on the Beattie property, while an engineering consulting firm determines potentially economic pits for in-fill and expansion drilling on the Beattie, Donchester and Central Duparquet properties. The drilling program is expected to begin within a few days, as Osisko has waived the thirty day waiting period after it provided notice to Clifton that it was not continuing with its option to earn 50%. The second phase will test deeper targets, particularly those higher grade envelopes, with a view to increasing the underground resource.

The updated resource for the Duquesne is scheduled to be received from Genivar before the middle of July. This NI 43-101 Technical Report will also contain drilling targets, with drilling to begin this summer. 

Clifton expects to generate an internal scoping study within two or three months, with a view to having an independent mining consulting company prepare an NI 43-101 compliant Technical Report in late 2011 or early 2012.

The Company also announces that it has granted incentive stock options (each an "option") to two directors, to acquire an aggregate of 300,000 common shares (each a "common share") at $2.50 per common share, for a period ending May 6, 2016. It also granted options to a consultant of the Company on May 6, 2011, to acquire an aggregate of 35,000 common shares at $4.15 per common share, for a period ending May 6, 2013.

The Company has working capital of over $15 million, so is in a position to carry out major exploration programs in 2011 and 2012.

This news release may contain forward-looking statements which address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

On behalf of the Board,

Harry Miller, President

Neither the TSX-Venture Exchange nor its Regulatory Provider (as the term is defined in the policies of the TSX-Venture Exchange) accepts responsibility for the accuracy or adequacy of the release.

Clifton Star Resources Inc.
Harry Miller
425.453.0355
Hmiller@cliftonstarresources.com
www.cliftonstarresources.com

Clifton Star Resources

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Clifton Star is a gold exploration company based in Canada.

Its main exploration properties are DUQUESNE, HUNTER, BEATTIE, DONCHESTER, DUMICO, CAT LAKE and DUPARQUET in Canada.

Clifton Star is listed in Canada. Its market capitalisation is CA$ 19.5 millions as of today (US$ 14.8 millions, € 13.1 millions).

Its stock quote reached its highest recent level on March 12, 2010 at CA$ 8.25, and its lowest recent point on December 05, 2014 at CA$ 0.06.

Clifton Star has 48 210 000 shares outstanding.

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Financings of Clifton Star Resources
3/11/2015Announces Closing of Private Placements
11/13/2012Announces the Closing of the Brokered Flow-Through Private P...
10/31/2012Announces Brokered Flow-Through Private Placement
Option Grants of Clifton Star Resources
2/6/2013Retains Albis Capital Corporation as Consultant for Investor...
1/11/2013Retains Mr. Louis Morin as Consultant for Investor Relations
Project news of Clifton Star Resources
9/18/2013(Duparquet)Confirms Excellent Gold Recoveries in Pilot Plant Testing on...
9/12/2012(Duparquet)Announces an Amended Option Agreement on the Duparquet Proje...
6/21/2011(Duparquet)Drilling to Commence at Duparquet
Corporate news of Clifton Star Resources
12/22/2015clifton-star-announces-new-drill-results-from-the-duparquet-...
3/11/2015Clifton Star Resources Announces Closing of Private Placemen...
3/2/2015Clifton Star Resources Announces Private Placements and Sett...
3/2/2015IIROC Trading Resumption - CFO
3/2/2015Clifton Star Resources Announces Private Placements and Sett...
3/2/2015IIROC Trading Halt - CFO
1/9/2015Clifton Star Sets Date for Requisitioned Meeting
12/18/2014Clifton Star Resources Reports on Voting Results from 2014 A...
12/17/2014Clifton Star Resources Reports on Voting Results From 2014 A...
12/10/2014Clifton Star Issues Urgent Shareholder Letter
12/9/2014Clifton Star receives $2.76 million in Quebec Tax Credits
12/1/2014Clifton Star does not exercise its Duparquet Option
12/1/2014IIROC Trading Resumption - CFO
12/1/2014IIROC Trading Halt - SED; BFK.P; CFO
11/25/2014Quebec Superior Court rejects Clifton Star’s Safeguard motio...
11/24/2014IIROC Trading Resumption - CFO
11/24/2014IIROC Trading Halt - CFO
10/30/2014Clifton Star Files for a Safeguard Order Regarding the Dupar...
4/9/2014Clifton Star Announces Positive Pre-Feasibility Study on the...
10/3/2013Announces That it has Adopted an Advance Notice By-Law
9/4/2013(Duparquet)Intersects 2.25 g/t Au Over 34 m and 1.51 g/t Au Over 39 m, ...
8/21/2013(Duparquet)Intersects 2.46 g/t Au Over 18.5 m and 2.50 g/t Au Over 17.0...
6/28/2013(Duparquet)Announces a Substantial Increase in the Gold Resource at its...
6/19/2013Drills 5.64 g/t Au Over 34.0 m, Including 8.36 g/t Au Over 1...
6/6/2013(Duparquet)announces Drill Results from the Duparquet Project Including...
5/13/2013(Duparquet)Announces Drilling Results from the Duparquet Project Includ...
4/16/2013Grants Stock Options
3/27/2013(Duparquet)Produces High Grade Gold Concentrates From the Duparquet Pro...
2/14/2013(Duparquet)Announces Final 2012 Drilling Results from the Duparquet Pro...
10/23/2012(Duparquet)Announces Exploration Results at Duparquet, Including 1.29 g...
9/17/2012Grants Stock Options
6/13/2011(Duparquet)Announces Updated NI 43-101 Resource Estimate for the Donche...
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TSX-V (CFO.V)
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