QUEBEC CITY, QUEBEC--(Marketwired - June 6, 2013) - Clifton Star Resources Inc. ("Clifton Star" or "the Company") (News - Market indicators)(FRANKFURT:C3T) is pleased to announce 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.
All of the drill holes listed in this press release will be included in the upcoming resource estimate update expected in early July 2013.
Clifton Star continues to obtain positive assay results from both delineation drilling of its main shear zones as well as the exploratory drilling of the secondary structures within the intrusion. The results within the pits limits demonstrate that the zones show good grades and continuity. (Click here for Figure 1)
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. Click here for results presented in Table 2).
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.
2013 Activities:
The attached tables include the highlights from the most recent 2013 drill program (Click here for Table 1) as well as the results from the resampling program of the Dumico Property (Click here for Table 2). The true thicknesses of the intersections are typically 60% to 80% of the core lengths.
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.
Technical Information and Qualified Persons
Diamond drill holes are drilled to recover NQ size core. The core samples are logged and sampled prior to being transported directly by the Company to Activation Laboratories Ltd. (Ste-Germaine de Boule), an independent accredited laboratory, for assay analysis. The assay analyses performed during Clifton's drill programs are subject to a formal quality assurance and quality control (QA/QC) program, with standard reference materials, blanks, and field duplicates samples inserted prior to shipment from site to monitor the quality control of the data. Samples with higher grade gold (greater than 10 grams per tonne) are reassayed using a gravimetric and/or pulps and metallic procedure. All gold results reported are cut, with individual assays greater than 25 grams per tonne cut to 25 grams.
The Company's exploration team designed and executed the 2013 drilling program under the supervision of Clifton's Vice President of Exploration, Mr. Louis Martin. The content of this news release has been written and approved by Mr. Louis Martin, P.Geo, a Qualified Person as defined by National Instrument 43-101.
Neither the TSX Venture Exchange nor its Regulations Services Provider (as the term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement on Forward Looking Information
Certain information included in this press release, including any information as to our future exploration, financial or operating performance and other statements that express management's expectations or estimates of future performance, constitute 'forward-looking statements' within the meaning of the 'safe harbor' provisions of the United States Private Securities Litigation Reform Act of 1995 and Canadian securities laws. The words 'expect', 'believe', 'will', 'intend', 'estimate' and similar expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties, risks and contingencies, including the possibility that drill programs will not yield the expected results. The Company cautions the reader that such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual financial results, performance or achievements of Clifton Star Resources to be materially different from the Company's estimated future results, performance or achievements expressed or implied by those forward-looking statements and that the forward-looking statements are not guarantees of future performance. These statements are also based on certain factors and assumptions. For more details on these estimates, risks, assumptions and factors, see the Company's most recent Form 20-F/Annual Information Form on file with the U.S. Securities and Exchange Commission and Canadian provincial securities regulatory authorities. The Company disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, events or otherwise, except as expressly required by law. Readers are cautioned not to put undue reliance on these forward-looking statements.
