CLIFTON STAR schließt JV mit Osisko Mining ab. - 500 Beiträge pro Seite

[dachs001]

Hallo

Gibt es hier investierte? da bisher noch kein Thread zu Clifton eröffnet wurde, fange ich mal an.

CLIFTON STAR RESOURCES hatte am 16.11. bereits eine Vorabmeldung zu dem JV mit Osisko veröffentlicht. Dies ist nun konkreter in Zahlen und Finanzen bestätigt worden.

Clifton wird über 4 Jahre hinweg 70 Millionen Cad von Osisko bekommen. Das JV wird im Duparquet Projekt stattfinden. 15 Mio kommen schon 2010 in die Kasse. Osisko wird als Betreiber fungieren, solange sie mindestens 50% am Jv halten. Weitere finanzielle Unterstützungen seitens Osisko an Clifton sind mit in dem Agreement enthalten.

http://www.stockhouse.com/tools/?page=/FinancialTools/sn_new…



Vor kurzem ist auch bekannt geworden, dass es um die Plätze im Board of Director heftigst gestritten wird und die Wahl der Direktoren bald anstehen. Der größte beteiligte Fond möchte die Mehrheit im BoD übernehmen. Scheinbar wurde dieser Schritt ohne Kenntnis der Clifton Star Führung um Harry Miller durchgeführt. Sogar einige Aktionäre scheinen diese Meldung nicht bekommen zu haben.

Miller leistet einen sehr guten Job, das Team um ihn auch. Durch den Osiskodeal ist die Liquidität des Duparquet Projektes über Jahre fast garantiert. Warum sollte man dem Fond mit seiner Stimme die Möglichkeit geben die Kontrolle bei Clifton zu übernehmen. Die Stimmen im Stockhouse Board stehen auch hinter dem alten bewerten Management. Aufgrund dieser Situation wurde das GM vom 14.12 auf den 30.12 verschoben. Der Fond möchte die Zahl der Direktoren begrenzen und von 5 wollen sie 3 selber stellen.

nach der Bekanntgabe des Osisko Deals steig der Kurs bis auf 5,10 Cad. was das ATH bedeutete. Durch die Verschiebung des GM ist der Handel heute bisher recht entspannt. Aktuell wird Clifton mit 4,44Cad in Kanada gehandelt. Die Indikatoren stehen alle auf dunkel grün, ein Boden kann sich bei 4Cad schon wieder bilden, dort befindet sich die nächste Unterstützung. Bei 4,82 ist der Weg bis zu 5,19Cad wieder offen. In Deutschland werden die ersten Börsenbriefe auch auf die Clifton aufmerksam. Ein speziell für kanadische Aktien lobte die Zusammenarbeit und verspricht sich auch viel Potenzial über die nächsten Wochen und Jahre. Ich gehe davon aus das die Zusammenarbeit mit Osisko in den nächsten Monaten und Jahren einiges an Aufwärtspotenzial bringen können. Alleine die verfügbaren Cashmengen und der starke Partner bringen den Wert weiter nach vorne.

Clifton hatte vor dem Osisko Deal zum 30. Juni 2,4 Mio Cad Cash, und weitere Assets in Höhe von 19 Mio cad in den Propertys. zu dem Zeitpunkt hatte Clifton etwas über 21 Mio common shares outstanding. Neben dem o.g. Property hat Clifton noch weitere 6 in Bearbeitung.

[tepelwaller]

Antwort auf Beitrag Nr.: 38.571.544 von dachs001 am 15.12.09 17:29:17

Das Volumen heute ist den der letzten Tage nicht zu vergleichen. Heute wird noch mit wenigen Stücken der Kurs gedrückt. Viele Aktionäre scheinen zwar hinter dem Management, aber finden die Verschiebung nicht toll. Aber der Schritt ist nötig um den Aktionären die Chance zu geben sich gegen den Mineralfields Fund Management Inc. zu stellen.

http://www.sedar.com/CheckCode.do;jsessionid=00006TfO6mcqh_a…

• VOTE FOR FIXING THE NUMBER OF DIRECTORS AT FIVE (5)
• VOTE FOR THE ELECTION OF THE FIVE (5) NOMINEES FOR DIRECTOR NAMED IN THIS CIRCULAR (AND
ACCOMPANYING PROXY) AS DIRECTORS OF CLIFTON
• VOTE FOR THE RE-APPOINTMENT OF THE CURRENT AUDITORS
• VOTE FOR THE APPROVAL OF THE 2009 STOCK OPTION PLAN OF CLIFTON
• VOTE FOR THE APPROVAL OF THE INCREASE IN THE AUTHORIZED SHARE CAPITAL OF CLIFTON


das war das Proxy Alleine die Durchführung auf einem eigenen Proxy ohne Abstimmung zu veröffentlichen erscheint mir extrem unseriös. Die können nichts gutes vorhaben. Ich bin dafür das das bestehende Management so bleibt wie es ist. Welcher Börsenbrief hat den in Deutschland über CFO berichtet? Bisher kenne ich keinen. Das aus CFO etwas wird ist durch das 4 Jährige Vertrauen von Osisko doch untermauert.

[fgMetze]

Antwort auf Beitrag Nr.: 38.571.544 von dachs001 am 15.12.09 17:29:17

So richtig wurde darüber nicht berichtet http://www.profitetrader.com/community/weblog/2009/12/15/dub… der Bb hat nur Clifton erwähnt, weil Osisko seine Goldstudie für Malartic veröffentlicht hatte. Clifton wurde nur wegen dem Joint Venture erwähnt. Bisher zumindest.Weiterhin hatte der Autor den Ceo von Clifton getroffen.

[fgMetze]

Antwort auf Beitrag Nr.: 38.571.544 von dachs001 am 15.12.09 17:29:17

http://www.rohstoff-welt.de/news/artikel.php?sid=16586

Hier ist die News noch mal auf Deutsche, besonders wegen den Konditionen.

[dachs001]

Antwort auf Beitrag Nr.: 38.573.400 von fgMetze am 15.12.09 21:07:20

danke

[kla.rein]

Hallo,

es gibt neue Nachrichten von Clifton und Osisko:

DJ IRW-PRESS: Osisko: Osisko und Clifton Star melden Bohrergebnisse 2009 des Projektes Duparquet
18.02.2010 - 17:56

Montréal (Québec), 18. Februar 2010 - Osisko Mining Corporation ( Osisko" oder das Unternehmen") (TSX: OSK; Frankfurt: EWX) und Clifton Star Resources Inc. ( Clifton") (TSX Venture: CFO; Frankfurt: C3T) freuen sich, die Ergebnisse von Cliftons Bohrprogramm 2009 sowie des erweiterten Kernprobentnahmeprogramms auf dem Projekt Duparquet in der Region Abitibi (Québec) bekannt zu geben. Der Schwerpunkt der Bohrungen und der erweiterten Probentnahmen auf ausgewählten Bohrlöchern lag auf drei Grundstücken: Beattie, Donchester (östliche Erweiterung von Beattie) und Duquesne. Das Hauptaugenmerk früherer Bohrungen und Probentnahmen durch Clifton lag auf hochgradigen Adern oder flachen Brekzien/Scherzonen, die sich größtenteils innerhalb von Syenit-Porphyr-Intrusionen befinden. Der Schwerpunkt aktueller Probentnahmen und zukünftiger Bohrungen wird auf der Beschreibung breiterer Mineralisierungszonen liegen, die für einen Tagebaubetrieb in großem Umfang geeignet sein könnten.

Die Highlights der 37 hierin angegebenen Bohrlöcher beinhalten 171,1 Meter mit durchschnittlich 1,62 g/t Au (D09-01B), 99,5 Meter mit durchschnittlich 1,29 g/t Au (B09-72) und 119,4 Meter mit durchschnittlich 1,50 g/t Au (B09-92). Die Untersuchungsergebnisse sind nachfolgender Tabelle zusammengefasst:

Beattie-Donchester-Grundstücke

---------------------------------------------------------------------


Bohr-Nr. Abschnitt Zone Von (m) Bis (m) Länge (m) Au g/t
B09-69 630050E North 106,5 178,5 72,0 1,85
B09-71 630775E RW 153,5 174,0 20,5 1,74
B09-72 630800E RW 10,0 109,5 99,5 1,95
B09-74 630800E RW 156,0 183,0 27,0 1,40
B09-75 630800E RW 36,0 63,0 27,0 3,60
Einschl. 36,0 45,0 9,0 6,22
Und 110,9 121,5 10,6 1,15
B09-79 630850E RW 87,0 111,1 24,1 1,05
Und 169,2 191,5 22,3 1,72
B09-80 630125E South 1,5 36,0 34,5 1,23
B09-81 629975E North 84,0 108,0 24,0 2,11
B09-83 630000E North 94,5 183,0 88,5 2,00
B09-84 630000E North 12,0 43,5 31,5 1,26
Einschl. 12,0 15,0 3,0 7,12
B09-85 630800E RW 0,4 51,0 50,6 1,11
B09-86 630825E RW 4,5 72,0 67,5 0,93
B09-87 630825E RW 5,0 42,0 37,0 1,81
B09-88 630875E RW 12,0 99,0 87,0 1,40
B09-89 630875E RW 46,5 81,5 35,0 1,45
Einschl. 65,0 69,0 4,0 3,93
B09-90 630875E RW 18,0 52,5 34,5 0,67
Und 145,5 160,5 15,0 1,11
B09-91 630900E RW 24,0 57,0 33,0 1,02
B09-92 630925E RW 78,6 198,0 119,4 1,50
B09-93 630925E RW 21,0 42,0 21,0 1,42
B09-94 630925E RW 57,0 171,0 114,0 1,57
B09-95 630925E RW 22,0 50,5 28,5 0,79
B09-100 630875E RW 51,0 121,5 70,5 0,75
B09-106 630925E RW 107,5 127,0 20,0 1,47
B09-107 630925E RW 40,5 70,5 30,0 0,96
B09-109 631000E RW 42,0 75,0 33,0 0,94
D99-02 631675E North 92,7 133,2 40,5 2,74
D08-01 631825E North 167,6 352,0 184,4 2,17
D08-02A 631900E North 123,0 148,9 25,9 2,03
D08-07 631700E North 650,4 712,6 62,2 2,01
D09-01B 631725E North 156,0 327,1 171,1 1,62
D09-38 632175E North 275,0 331,0 56,0 1,80
Und 436,7 468,7 32,0 1,58
Und 595,5 636,5 41,0 1,66
D09-40 632225E North 298,6 329,9 31,3 1,71
D09-14 631875E North 600 96,1 36,1 1,14
D09-38 632175E North 436,7 468,7 32,0 1,58

---------------------------------------------------------------------

Grundstück Duquesne

---------------------------------------------------------------------


Bohr-Nr. Abschnitt Zone Von (m) Bis (m) Länge (m) Au g/t
DQ09-09 642100E Nipissing 304,0 321,0 17,0 5,31
Einschl. 304,5 309,5 5,0 13,81
DQ09-10 642250E Nipissing 170 23,0 6,0 3,86
DQ09-13 632300E Nipissing 42,0 53,0 11,0 2,17

---------------------------------------------------------------------

Die Mineralisierung auf den Beattie-Donchester-Grundstücken besteht größtenteils aus flachen, subvertikalen Zonen mit vereinzeltem Pyrit-Gold und variablem Arsenopyrit in brekziösem oder abgeschertem, kalialteriertem Syenit-Porphyr. Die Syenit-Porphyr-Intrusion Beattie-Donchester beherbergt zwei ehemals produzierende Minen (Beattie und Donchester) und war der Schwerpunkt des Großteils früherer Bohrungen. Es handelt sich dabei um einen von Osten nach Westen verlaufenden, subvertikalen Intrusionskörper, der etwa 3.300 Meter lang, 150 bis 450 Meter breit und mindestens 900 Meter tief ist. Die primären mineralisierten Zonen, die mindestens 2.600 Meter lang und bis zu 80 Meter mächtig sind, kommen bei den nördlichen und südlichen Kontakten der Intrusion vor. Sie sind in Richtung Osten, Westen sowie in der Tiefe weiterhin offen. Mehrere anastomotische, subvertikale mineralisierte Zonen kommen auch innerhalb der Intrusion vor, aber auch in den Zonen RW und RS sowie im mafischen Vulkangestein nördlich und südlich der Intrusion.

Eine zweite mineralisierte Syenit-Porphyr-Intrusion kommt unmittelbar südöstlich und parallel zur Intrusion Beattie-Donchester vor. Das Grundstück Dumico ist etwa 2.200 Meter lang und 350 Meter breit und beherbergt zwei bekannte mineralisierte Zonen (Central Duparquet und Dumico), die jenen der Porphyrintrusion Beattie-Donchester ähnlich sind.

Die gesamte Streichenlänge der mineralisierten Porphyre beträgt somit etwa 5.500 Meter; diese werden den Schwerpunkt der bevorstehenden Explorationsarbeiten von Osisko und Clifton darstellen. Zwischen 1987 und Ende 2009 wurden auf Cliftons Duparquet-Goldgrundstücken insgesamt 520 Bohrlöcher auf 147.297 Metern gebohrt, davon alleine 429 Bohrlöcher auf 112.965 Metern auf den Beattie-Donchester-Grundstücken. Die Untersuchungsergebnisse von sieben Bohrlöchern des Beattie-Donchester-Programms 2009 sind noch ausständig und sollen innerhalb der nächsten zwei Wochen eintreffen.

Für die Saison 2010 beschrieb Osisko ein 120.000 Meter umfassendes Bohrprogramm für das Projekt Duparquet, bestehend aus einem 100.000-Meter-Definitionsprogramm auf Beattie-Donchester sowie einem 20.000-Definitionsprogramm auf Duquesne. Ziel des erstgenannten Programms ist die Definierung einer abgeleiteten Ressource mit einer großen Tonnage auf dem mineralisierten Syenit-Porphyr-Komplex Beattie-Donchester bis Anfang 2011. Vier Bohrlöcher werden zurzeit mobilisiert; die Bohrungen begannen auf beiden Grundstücken am 15. Februar.

Osisko hat das Recht, eine 50%-Beteiligung am Projekt Duparquet zu erwerben und muss dafür Folgendes leisten: (1) Explorationsausgaben von insgesamt $ 70 Millionen zwischen 2010 und 2013; (2) erweiterte Darlehen an Clifton zur Finanzierung der Optionszahlungen auf dem Grundstück in Höhe von $ 8,5 Millionen für 24 Monate bzw. $ 22,5 Millionen für 36 Monate. Diese Darlehen würden eine Zinsrate von 5 % aufweisen und können nach Ermessen von Clifton in Aktien konvertiert werden. Osisko hatte Clifton einen Kreditrahmen von $ 6 Millionen gewährt, der bis 1. Januar 2010 in Anspruch genommen werden konnte, was jedoch nicht geschah.

Sämtliche NQ-Kernuntersuchungen, über die hier berichtet wird, wurden mit standardmäßigen 50-g-Brandproben-AA-Abschlüssen oder gravimetrischen Abschlüssen in den Labors von ALS Chemex in Val d'Or (Québec) durchgeführt. Alle Proben über 10 g/t Au werden mittels gravimetrischen Finishs erneut analysiert. Die tatsächlichen Mächtigkeiten werden auf etwa 60 bis 75 % der oben angegebenen Kernlängen geschätzt. Die einzige Ausnahme stellt D08-01 dar, dessen tatsächliche Mächtigkeit auf 20 % geschätzt wird. Clifton wendet strenge QA-QC-Protokoll-Maßnahmen an, um die behördlichen Meldeanforderungen zu erfüllen. Sämtliche oben genannten Untersuchungsergebnisse wurden von Cliftons qualifizierter Person erstellt und berechnet, jedoch nicht von Osisko verifiziert. Fred Archibald, VP of Exploration von Clifton Star Resources Inc., ist die qualifizierte Person gemäß NI 43-101, die die technischen Informationen dieser Pressemitteilung geprüft und genehmigt hat.

Hinweise bezüglich zukunftsgerichteter Informationen

(MORE TO FOLLOW) Dow Jones Newswires

February 18, 2010 12:56 ET (17:56 GMT)

[viena]

schöner Anstieg seit dem JV.Aber es war erst der Beginn.
Osisko gibt die Kohle und kennt sich bei dieser Art von Minen(Porphyrsystem) aus.
Es ist die gleiche Art wie Malartic und es wird hier-
ohne das ich zu viel verrate- bei der Unzenzahl von Duparquet
noch mancher ungläubig die Augen aufreissen.
Das wird mit 100%iger Sicherheit eine der grössten canadischen Minen!

[Schmelzi26]

Antwort auf Beitrag Nr.: 39.028.064 von viena am 28.02.10 14:02:12

kann mir kurz einer erklären warum die Aktie gestern so abgestürzt ist?

[viena]

Aktien die von 1,21 auf 5,90 steigen haben die Angewohnheit auch mal zu fallen.

[Schmelzi26]

Antwort auf Beitrag Nr.: 39.228.846 von viena am 27.03.10 13:37:31

so war das nicht gemeint. Dass das so ist ist mir klar, aber gleich 20% bzw 11 in Toronto?

[bronsky]

Antwort auf Beitrag Nr.: 39.228.846 von viena am 27.03.10 13:37:31

moin hier oder doch weiter rauf?

Bronsky

[viena]

Osisko wird auf Duparquet in 2010 15 Millionen ausgeben!
120.000 m wird gedrillt

grid ist 2,5kmx400mx400m

Die Entfernung nach Malartic ist nicht allzu groß , das macht vieles leichter.

[viena]

Ich muss sagen, wer da von Anfang an was ahnte,............

Die nächste gibt es auch schon....

Auf jeden Fall heute sehr gute Bohrergebnisse und dies war erst der Anfang.

[Spitzenrolli]

Hallo,

ich habe Clifton schon länger auf watch und heute sind bei mir alle Lampen angegangen durch das nette Volumen.

Ist hier überhaupt noch einer investiert?

Hat Osisko inzwischen angefangen auf Duparquet Löcher in den Boden zu bringen? Ich habe dazu nichts gefunden.

Wurde aus dem Bohrprogramm 2009 schon alles veröffentlicht oder stehen noch Ergebnisse aus?

[Spitzenrolli]

Antwort auf Beitrag Nr.: 39.503.972 von Spitzenrolli am 11.05.10 23:26:53

O.K. O.K.

Hab`s gefunden. Wenn ich mir die ersten Ergebnisse ansehe, kann ich mir die heftige Konso der letzten Wochen allerdings nicht erklären.



Überlege einzusteigen....

[yoohoo]

Weiss jemand warum wir hier von der Stelle nicht kommen?

[viena]

Antwort auf Beitrag Nr.: 40.278.953 von yoohoo am 07.10.10 08:11:41

Der Kurs ist zweitrangig. Der wird kommen. Clifton hat alles was ein Explorer braucht.
Sie drillen,drillen,drillen und haben-durch Osisko- Geld ohne Ende und ein netter Nebeneffekt, viele Millionen Unzen.
Watt willste mehr.

Roosen hat 5 Leute nur für neue Properties!Wenn er ein JV macht handelt es sich um einen Elefant! Er hat mit Osisko -Stand gestern- über 80 neue Projecte geprüft.

[to_siam]

Interessante Story hier bei CFO.

[Tealc33]

wo seht ihr den Kurs für 2011?

[Sharedealer]

5-6 Euro

[Teufelsturm]

Bleiben im Radar. Herr Roosen bürgt m. M. inzwischen für Qualität.

[viena]

In Canada ist er inzwischen eine "Goldlegende"

[Golden_Years]

http://www.finanznachrichten.de/nachrichten-2010-12/18752735…

http://www.finanznachrichten.de/nachrichten-2010-12/18752151…

[rolleg]

22.12.2010: Clifton Star Engages Metallurgy Consultant
http://app.quotemedia.com/quotetools/newsStoryPopup.go?story…

Detailed Quote for Clifton Star Resources Inc. (CFO:CA)
$ 5,03 RT -0.12 (-2.33%) Volume: 155.26 k 15:58 EST 05.01.2011

1-Jahres-Chart:

[ooy]

Das ist doch ueberzeugend, oder?
Bin gerade eingestiegen, wie sind Eure Meinungen zu den Werten?

Osisko and Clifton Star Report New Results From Duparquet Including 60 Metres Averaging 2.18 g/t Au
(Higher Grade intercepts include 3.4 metres averaging 162.0 g/t Au)
MONTREAL, QUEBEC, Jan. 26, 2011 (Marketwire) --

Osisko Mining Corporation ("Osisko")(TSX:OSK)(FRANKFURT:EWX) and Clifton Star Resources Inc ("Clifton")(TSX VENTURE:CFO)(FRANKFURT:C3T) are pleased to announce results from forty-nine new holes from the completed 2010 drill program at the Duparquet Project, located in the Abitibi region of Quebec. Significant wide intersections from the new drill holes on the Donchester property include 60.0 meters averaging 2.18 g/t Au (DON10-74), and 46.5 metres averaging 1.19 g/t (DON10-83). The new drilling also intersected significant higher grade intercepts including 3.4 meters averaging 162.0 g/t Au (DON10-107), 7.5 meters averaging 9.57 g/t Au (DON10-116) and 10.5 meters averaging 7.40 g/t Au (DON10-69). Assay results from the new holes (five sections spaced 100 m apart) are summarized in the table below:



---------------------------------------------------------------------Hole No. Section Az./dip From To Length Au g/t (m) (m) (m) DON10-44 631600E 0/60 36.6 42.5 5.9 2.24 And 304.1 320.7 16.6 0.73 And 361.9 385.0 23.1 1.05DON10-51 631600E 0/60 254.5 269.7 15.2 0.77 And 301.9 307.4 5.5 2.39DON10-52 631600E 0/60 197.0 198.6 1.6 8.06 And 263.0 272.0 9.0 0.89DON10-53 631600E 0/60 205.5 216.0 10.5 1.42DON10-72 631600E 0/60 57.0 62.5 5.5 1.03 And 75.5 90.5 15.0 1.90DON10-83 631600E 0/61 87.0 133.5 46.5 1.19DON10-132 631600E 0/60 297.5 299.0 1.5 14.90DON10-133 631600E 0/60 221.0 243.5 22.5 1.79DON10-140 631600E 0/60 123.5 128.0 4.5 3.73DON10-99 631700E 180/60 10.8 39.5 28.7 1.49 And 132.5 137.0 4.5 4.00DON10-101 631700E 180/60 86.0 89.0 3.0 4.89 101.2 118.0 16.8 1.62DON10-114 631700E 180/60 78.5 86.3 7.8 1.29DON10-115 631700E 0/60 115.5 117.0 1.5 7.06 And 129.0 135.0 6.0 4.21DON10-116 631700E 0/60 65.5 76.0 10.5 0.99 And 171.0 178.5 7.5 9.57 including 172.5 174.0 1.5 34.90 And (cut) 171.0 178.5 7.5 8.59 And 205.6 210.5 4.9 2.44DON10-131 631700E 0/60 115.7 124.5 8.8 1.20 And 242.5 252.0 9.5 1.24DON10-54 631800E 0/60 84.1 99.3 15.2 2.13 And 333.4 338.9 5.5 5.29DON10-55 631800E 0/60 32.0 36.5 4.5 5.06 And 271.5 276.0 4.5 1.70 And 397.5 399.0 1.5 21.10DON10-60 631800E 0/60 77.5 95.5 18.0 0.62 And 163.0 164.0 1.0 44.90 And 307.5 318.0 10.5 0.79 And 358.2 373.9 15.7 0.82DON10-68 631800E 0/50 6.5 11.0 4.5 1.96 And 127.5 134.5 7.0 1.01DON10-69 631800E 180/50 254.0 287.0 33.0 1.39 And 434.0 462.5 28.5 1.77 including 456.5 458.0 1.5 14.60 And 488.0 498.5 10.5 7.40 And (cut) 488.0 498.5 10.5 6.36DON10-91 631800E 0/60 11.0 32.0 21.0 0.79 And 239.0 245.0 6.0 1.20DON10-109 631900E 0/60 26.9 33.4 6.5 2.25DON10-110 631900E 0/60 327.0 328.5 1.5 18.85 And DON10-120 631900E 180/55 49.0 64.0 15.0 1.01DON10-127 631900E 180/60 71.0 72.5 1.5 7.15 And 91.8 95.0 3.2 4.86DON10-130 631900E 180/60 96.0 97.0 1.0 9.32DON10-136 631900E 180/60 72.5 96.5 24.0 2.58 including 72.5 74.0 1.5 25.30 And 149.0 150.5 1.5 15.90 And 191.0 192.0 1.0 7.14DON10-137 631900E 180/60 17.0 54.5 37.5 1.30 And 150.5 170.0 19.5 1.86DON10-57 632000E 0/60 175.0 183.0 8.0 1.28 And 377.0 378.5 1.5 6.43DON10-58 632000E 0/60 239.0 240.1 1.1 7.06 And 283.1 299.0 15.9 0.77DON10-74 632000E 0/60 357.5 369.5 12.0 0.94 And 411.5 471.5 60.0 2.18DON10-75 632000E 0/60 289.3 305.0 15.7 1.58 And 330.5 340.0 9.5 1.15DON10-85 632000E 0/60 96.0 112.5 16.5 2.02 And 156.0 193.3 37.3 2.03DON10-86 632000E 0/60 60.0 69.4 9.4 3.43 And 147.5 152.0 4.5 4.45DON10-105 632000E 180/60 96.5 113.1 16.6 1.54DON10-107 632000E 180/60 36.0 39.4 3.4 162.0DON10-117 632000E 180/60 376.6 377.9 1.3 11.30DON10-118 632000E 180/60 63.5 69.5 6.0 1.04DON10-135 632000E 180/60 189.0 201.0 12.5 2.72 And 247.0 257.5 10.5 2.85---------------------------------------------------------------------

The high grade intersection in hole DON10-107 is associated with a syenite-hosted quartz vein containing visible gold.

Holes which did not intersect significant mineralization include: drill holes DON10-73 and DON10-84 on section 631600E; hole DON10-100 on section 631700E; holes DON10-59 and DON10-90 on section 631800E; holes DON10-108 and DON10-119 on section 631900E and holes DON10-56, DON10-92 and DON10-106 on section 632000E.

Drilling in 2010 focused on three properties: Beattie, Donchester/Central Duparquet and Duquesne, for an overall drilling campaign of 122,800 metres. The Phase I drill program comprised 69,800 metres of drilling on the Beattie property with a total of 219 holes. All significant results for the Beattie drill program have now been reported. The Phase Two drilling program of 20,300 metres comprised 69 holes on the Duquesne property (all results reported), and the Phase Three program of 32,700 metres on the Donchester Property and Central Duparquet comprised a total of 96 holes. Final results from the Phase Three program are pending.

Osisko has the right to acquire a 50% interest in the Duparquet project in consideration for (1) total exploration expenditures of $70 million from 2010 to 2013, and (2) extending loans to Clifton to fund option payments on the property of $8.5 million for 24 months and $22.5 million for 36 months. These loans would carry interest at 5% and can be converted into stock at Clifton's choice.

All NQ core assays reported above were obtained by standard 50 g fire assaying-AA finish or gravimetric finish at ALS Chemex laboratories in Val d'Or, Quebec. Reported drill core weighted averages were calculated using a minimum of 0.60 g/t Au over successive intervals of 20 metres. The lengths of mineralized intervals of less than 20 metres were minimized, and an upper cut-off of 30 g/t Au was applied to individual assays where indicated. Intervals containing individual assays that are greater than six times the average of the interval are included separately. Intersected drifts or lost core within mineralized intersections were incorporated as blank intervals. The true widths are estimated at approximately 50% to 75% of the core lengths reported above.

Osisko follows strict QA-QC protocol measures in keeping with industry standards and regulatory reporting requirements. Mr. Robert Wares, P. Geo. and Executive Vice-President of Osisko, is the Qualified Person who has reviewed this news release and is responsible for the technical information reported herein, including verification of the data disclosed including the sampling, analytical and test data underlying the technical information.

[grasgruener]

die Ergebnisse sind allesamt sehr gut!
Clifton macht mit Osisko sehr gute Arbeit

die 3,90/4,00 CAD als Unterstützung scheint zu halten (3.Mal) und nun könnte es wieder aufwärts gehen

[7243052]

Antwort auf Beitrag Nr.: 40.953.267 von grasgruener am 31.01.11 12:18:34

Ich habe 1400 Stk. um 4,00 und 600 Stk. um 4,01 gekauft, d.h. 2000 Stk.
Bis jetzt schaut es nicht schlecht aus!

[rolleg]

Antwort auf Beitrag Nr.: 40.985.737 von 7243052 am 04.02.11 18:20:17

Na dann - viel Glück! Bin schon länger dabei, aber Deine EKs waren wesentlich besser...

[ooy]

TGR: Please tell us about Clifton Star.

MF: Clifton Star Resources is working on the Destor Porcupine fault zone on the Quebec side of the border with Ontario. The Destor Porcupine fault has produced more than 100 Moz. gold, so we're onto a great location. The infrastructure is there and it's in Quebec, the best location in the world for finding a mine.

Osisko is actually earning a 50% interest in this project. Clifton Star is trying to find a large, bulk-tonnage deposit. At the moment, it has close to 3 Moz. gold in terms of NI 43-101 reports. But, quite frankly, I think we could be well over 5 Moz. as a result of the drilling done with Osisko. Again, this is an undervalued situation. I see some upside potential in Clifton Star.

Quelle:http://www.theaureport.com/pub/na/8685

[ooy]

Schoene Kaufkurse heute, habe nachgelegt, zwar etwas verteuert, aber m.E. besteht hier Riesenpotential...

[chartcrasher]

Heute sind die Kurse zum nachkaufen noch besser geeignet...

[ooy]

Antwort auf Beitrag Nr.: 41.162.517 von chartcrasher am 08.03.11 09:29:55

Bereits geschehen...

[ooy]

Ui, jetzt bin ich aber gestopft voll mit Clifton...

[chartcrasher]

Ich auch. Habe hier aber einen Anlagehorizont von mindestens 2 Jahren (mindestens bis Ende 2012). Ich denke, dass sich Clifton dann mind. verdoppelt oder verdreifacht hat.

Bis dahin müssten Bohrprogramm und Ressourcenschätzung zumindest wesentlich fortgeschritten und erweitert sein.

[ooy]

Antwort auf Beitrag Nr.: 41.171.774 von chartcrasher am 09.03.11 16:15:46

...wenn die bis dahin nicht laengst uebernommen wurden, sehe vom jetzigen Niveau auch eine 200% Chance, die Marktkap. ist ein Witz...

[rolleg]

Antwort auf Beitrag Nr.: 41.172.190 von ooy am 09.03.11 16:59:16

Da stimme ich Dir eigentlich vollkommen zu, aber ich habe einfach die Geduld verloren. Trotz der immensen Geldspritzen von Osisko und den Bohrprogrammen blieb CFO doch heftigst hinter meinen Erwartungen zurück. Da bin ich froh, bei RIO und TRR dabei zu sein...

Bin bei CFO raus, werde sie aber weiter intensiv beobachten...

[ooy]

Antwort auf Beitrag Nr.: 41.174.117 von rolleg am 09.03.11 21:46:50

Was hattest Du denn fuer Erwartungen? Laeuft doch Alles nach Plan, im November gabs sogar noch ein placement zu 5,50...

[ooy]

Jetzt wirds aber langsam eng in meinem Depot, meine CFO Position ist mittlerweile extrem, aber bei der Bewertung kann ich mich einfach nicht beherrschen...

[ooy]

Der Bericht ist ja erst 3 Monate alt, haben Viele vielleicht vergessen:

Clifton Star Resources dürfte an Osisko Mining gehen

Stuttgart (www.rohstoffe-go.de) 2011 dürfte für Clifton Star Resources (WKN A0Q781) ein geschäftiges Jahr werden, glauben die Analysten von Stonecap Securities. Sie sind der Ansicht, dass Joint Venture-Partner Osisko Mining (A0Q390), das Unternehmen, mit dem man das Goldprojekt Duparquet in Quebec betreibt, übernehmen wird.

Das würde die Aktie in den kommenden Monaten sicherlich steigen lassen, so die Experten. Doch gebe es weitere, kurzfristigere mögliche Auslöser für einen Kursanstieg, hieß es. Es seien für 2011 aggressive Explorationsprogramme geplant, die für einen durchgängigen Newsflow sorgen dürften, so Stonecap Securities weiter.

Die Analysten bewerten die Aktie mit “outperform” bei einer Risikoeinstufung von “spekulativ” und einem Kursziel von 9 Dollar. Man sei sehr überzeugt, dass Clifton Star eines der wichtigsten Übernahmeziele für Osisko darstelle, hieß es. Darüber hinaus sehe man als Auslöser für möglich Kurssteigerungen unter anderem die Ergebnisse eines Bohrprogramms von Osisko, das im laufenden Jahr durchgeführt wurde, sowie die Ergebnisse einer luftgestützten geophysischen Untersuchung, die für Januar erwartet würden.

Im Anschluss könnten Anleger mit einem Update zum gesamten Duparquet-Goldprojekt im ersten Quartal 2011 sowie mit den Ergebnissen des Bohrprogramms 2011 rechnen. Es bestehe erhebliches Potenzial, dass es den Joint Venture-Partnern gelingen werde, die bestehende Ressourcenschätzung der Analysten von 5,5 Mio. Unzen Gold auf rund 7 Mio. Unzen auszuweiten, da man für die kommenden 12 Monate sowohl Definitions- als auch Erweiterungsbohrungen geplant habe.

[rolleg]

Antwort auf Beitrag Nr.: 41.181.256 von ooy am 10.03.11 20:39:41

Ist mir alles bekannt. Ich war schon länger dabei aber der Kurs bewegte sich mehr oder weniger nur seitwärts. CFO ist natürlich absolut unterbewertet... aber andere Werte liefen/laufen viel besser... (z.B. TRR)

[ooy]

Hattest ja Recht, verpass aber den Wiedereinstieg nicht...

[Frickhasserin]

Tach Leute
Ich hab mich in den letzten Tagen eingedeckt.
Ich wisst was das bedeutet

[ooy]

Antwort auf Beitrag Nr.: 41.267.036 von Frickhasserin am 25.03.11 15:10:22

3,56 ist wieder ein klasse Kurs, waren Mittwoch schon ueber 3,90, langfristig werden wir ueber eine Marktkap. von 100 Mio. nur lachen...

[Frickhasserin]

Antwort auf Beitrag Nr.: 41.267.577 von ooy am 25.03.11 16:26:22

die Umsätze in Kanada gehen langsam gegen Null
hier haben alle Bullen kapituliert in den letzten 12 Monaten

jetzt kann der Kurs täglich explodieren

[rolleg]

Antwort auf Beitrag Nr.: 41.267.640 von Frickhasserin am 25.03.11 16:37:21

Ja das ist fast immer so, wenn ich aussteige! Ich bin trotzdem sicher, dass CFO seinen Weg macht - kein Zweifel. Habe mich aber erst einmal zurückgezogen. Wünsche Euch viel Erfolg!

[teresas]

Das wird ja eine ganz zähe Nummer hier.
Charttechnisch entscheidet sich jetzt:

rauf oder runter !!!

Aber andere Ereignisse können die Technik immer außer Kraft setzen. Ich weiß.

[Frickhasserin]

Antwort auf Beitrag Nr.: 41.279.817 von teresas am 29.03.11 07:46:28

nein, das "war" eine zähe Nummer. Hier kann es jeden Tag losgehen mit "100% in 10 Tagen"

[Frickhasserin]

ich spüre erste Zuckungen bei der 100% Rakete

aufwachen Jungs

[ooy]

Antwort auf Beitrag Nr.: 41.328.954 von Frickhasserin am 06.04.11 16:47:31

Mal die Praesentation auf der HP anschauen, fuer mich einer der aussichtsreichsten Werte ueberhaupt...

[Frickhasserin]

jetzt isses so weit. Die Goldene Sau explodiert

[Frickhasserin]

die 4 CAD sind durch

[rotwein]

Antwort auf Beitrag Nr.: 41.336.060 von Frickhasserin am 07.04.11 18:48:19

du hast echt nen guten Riecher, wo bist du denn sonst noch gerade drin?

[Frickhasserin]

Kurs explodiert vorbörslich

[rolleg]

Osisko and Clifton Star Release Resource Estimate for the Beattie Deposit

Jun. 13, 2011 (Marketwire Canada) --

MONTREAL, QUEBEC -- Osisko Mining Corporation ("Osisko")(TSX:OSK)(FRANKFURT:EWX) and Clifton Star Resources Inc ("Clifton")(TSX VENTURE:CFO)(FRANKFURT:C3T) are pleased to provide an independent NI 43-101 compliant gold mineral resource estimate for the Beattie deposit at the Duparquet Project, located in the Abitibi region of Quebec. This estimate is restricted to the Beattie deposit, part of the larger Beattie-Donchester mineralized corridor, which was the focus of the 2010 drill program. To be clear, this resource estimate does not include the Donchester, Central Duparquet, Duquesne and Beattie tailings deposits, which are also part of the Duparquet Project.

Key points:

The in situ inferred resource is 2.77 million ounces gold (56.2 million tonnes grading 1.53 g/t Au) using a cut-off grade of 0.67g/t.

The selected base case in-pit inferred resource is 1.72 million ounces (32.0 million tonnes grading 1.67 g/t Au), based on a Whittle-optimized pit shell simulation using estimated operating costs, a gold price of CAN$1100 per ounce and a corresponding lower cut-off grade of 0.67 grams per tonne gold.

At a CAN$1500 per ounce gold price, the in-pit inferred resource increases to 2.50 million ounces at an average grade of 1.39 grams per tonne gold, adding 780,000 ounces compared to the CAN$1100 pit shell and a corresponding lower cut-off grade of 0.49 grams per tonne gold.

No estimate was provided for the eastern extension of the mineralized corridor (Donchester portion, East of Beattie) as 2010 drilling was insufficient to include this portion in a resource category. The mineralized system is still open at depth.
...http://app.quotemedia.com/quotetools/newsStoryPopup.go?story…

[ooy]

Antwort auf Beitrag Nr.: 41.640.357 von rolleg am 13.06.11 17:13:57

Kann fir Zahlen mal ein Fachmann kommentieren? Kurs faellt jedenfalls, aber endlich hoert man mal was von denen, kann die Meldung nur nicht so recht einordnen...

[ooy]

Nach meinen Erkentnissen sehen sie Zahlen doch gut aus, aber vielleicht hat ja ein Experte hier den besseren Duchblick...

[ooy]

Niemand?

[rolleg]

Hi ooy,

ich denke, da wurde generell mehr erwartet (zwischen 3 - 6 Mio. Unzen lt. der Pres. http://www.cliftonstarresources.com/docs/Clifton-Star-July-2… - Seite 10). Ich vermute, dass deswegen der Kurs erst einmal nachgab. Ob hier noch weiter gebohrt wird, kann ich im Moment nicht sagen (bin hier nicht mehr investiert).

Grüße
rolleg

[ooy]

Antwort auf Beitrag Nr.: 41.643.646 von rolleg am 14.06.11 13:08:37

3-6 Mio. Unzen sind wohl fuer das komplette Gebiet veranschlagt, das hier ist ja nur ein Teil und bietet schon fast 3 Mio. Unzen, oder sehe ich das falsch?

"To be clear, this resource estimate does not include the Donchester, Central Duparquet, Duquesne and Beattie tailings deposits, which are also part of the Duparquet Project."

[rolleg]

Jedenfalls ist die Bewertung zur Zeit recht niedrig.

[rolleg]

??

http://www.proactiveinvestors.com.au/companies/news/17117/cl…

??

Clifton Star and Osisko report 1.33m measured and indicated ounces of gold at Donchester
Wednesday, June 15, 2011 (?) by Deborah Sterescu

Clifton Star Resources (CVE:CFO) and Osisko Mining Corp (TSE:OSK) announced Monday updated measured and indicated resources of 1.33 million gold ounces at its Donchester property, part of the joint venture Duparquet project in southwestern Quebec.

The revised NI 43-101 compliant report stated 22.5 million tonnes of measured and indicated resources at 1.84 grams per tonne (g/t), or 1.33 million ounces of gold. Also reported was 4.7 million tonnes of inferred resources at 2.02 g/t, or 302,000 ounces of gold.

The report was based on 218 drill holes at a cut-off grade of 0.5 g/t, the company said.

Osisko has the right to acquire a 50% interest in the Duparquet project by spending a total of $70 million in exploration expenditures from 2010 to 2013, as well as by extending loans to Clifton to fund option payments on the property.

The Donchester property's main ore body, which measures down to a depth of 381 metres of a one kilometre strike length, lies along the same syenite poryphyry as the Beattie deposit. The 823.5 acre site adjoins the Beattie property to the east.

The Duparquet project also includes the Beattie, Central Duparquet, and Duquesne tailings deposits, which were not included in the Donchester resource reported today.

However, the companies also announced Monday a separate 2.77 million ounce in-situ inferred gold resource at the Beattie deposit.

The Vancouver, B.C.-based company said it is looking forward to its summer and winter drilling campaign at Donchester, through which it hopes to increase both the open-pit and underground resource potential, and place more ounces in the measured and indicated category.

[rolleg]

Ach das ist mir entgangen:

http://app.quotemedia.com/quotetools/newsStoryPopup.go?story…

Clifton Star Announces Updated NI 43-101 Resource Estimate for the Donchester Portion of the Duparquet Property
Mineral Resource Estimates Include Over 1.7 Million Ounces Gold (Measured and Indicated) and Over 3.4 Million Ounces Gold (Inferred)

Jun. 13, 2011 (Marketwire Canada) --

VANCOUVER, BRITISH COLUMBIA -- Clifton Star Resources Inc. (TSX VENTURE:CFO)(FRANKFURT:C3T) has received an updated NI 43-101 compliant report from Peter Bevan, P. Eng., on the Donchester property of the Duparquet Gold Project in Duparquet township of southwestern Quebec operated under a joint venture agreement with Osisko Mining. The report, commissioned by Clifton Star, states a total of 22.512 million tonnes grading 1.84 g/t gold (1,332,000 ounces) in the measured and indicated category; and 4.650 million tonnes grading 2.02 g/t gold (302,000 ounces) in the inferred category, based on a cutoff grade of 0.50 g/t gold. Mr. Bevan utilized the polygonal method of calculation on a total of 218 drill holes. A NI- 43-101 report to reflect the 2010 drilling program on the Duquesne is expected within two or three weeks, and that figure will be announced at that time. The following table summarizes the resources by property:
Property Tonnes Grade Oz Cut-off

Donchester
Measured and indicated 22,512,260 1.84 1,331,936 0.50
Inferred 4,649,800 2.02 301,828 0.50

Central Duparquet
Measured and indicated 1,382,134 2.79 123,967 0.50
Inferred 309,158 2.52 25,048 0.50

Beattie tailings
Measured and Indicated 4,757,280 0.76 114,700 0.30
Inferred 2,913,600 0.72 67,400 0.30

Duquesne (Genivar)
Measured and indicated 1,859,200 3.33 199,161 3.00
Inferred 1,563,100 5.58 280,643 3.00

Beattie (SGS-Geostat)
Inferred 56,220.000 1.53 2,773,000 0.67

The Company is looking forward to a summer and winter drilling campaign with the view to increasing the resource of open-pit and underground potential, placing more ounces in the measured and indicated category by infield drilling, extending those holes that were stopped in mineralization, and initiating deep drilling in the higher grade envelopes.

[ooy]

Antwort auf Beitrag Nr.: 41.645.748 von rolleg am 14.06.11 18:33:58

Hoert sich doch Alles planmaessig an...

[ooy]

Wuerde mich nicht wundern, wenn Osisko hier bald zuschlagen wuerde...

[ooy]

...und wieder 9% runter, kein Ende in Sicht?

[ooy]

Muenchen in Feierlaune??

CA18713J1084
A0Q781 Clifton Star Resources Inc. Registered Shares o.N. München 26,20 EUR +1.304,07% 08:04 16.06.11 26,20
26,60 26,20
26,20 1,866
26,20 - -
0

[ooy]

Hier mal was aus stockhouse:

So, As I understand it, some people are "disappointed" with the news releases.
What I read is that with around 5.5 million ounces of gold they have 8.25 billion in gold in situ value.
With shares outstanding of 35 million.
Each share has gold associated with it of 235 dollars an ounce before costs.
Let's say cost of extraction is 50% or 750 dollars an ounce or so.
that's still 115 bucks a share loosely.
Let's lop off the 15 bucks a share for debt and other costs.
$100 minimum per share value.
at $3 a share, the gold value is 33x or more of current stock price with the "latest report."
My friend speaks to Harry on occasion and here's what I know:
-Harry is hanging in for the big win-for the depressionary gold cycle where gold value skyrockets in real terms
-He is going to wait, turn on the coffee machine and will not sell out early-hence the poison pill
-The hedge funds or investors cannot game the stock anymore like they did last time and try and sell out early under Harry
-Osisko is spreading itself like peanut butter across the area in Joint Projects, and according to Harry," more trouble than it's worth these days." Or, to paraphrase Osisko sucks eggs and is dragging the stock down.
-People like Jay Taylor and Roger Weigund had priced in an acquisition by Osisko at 9 bucks a share-which Harry doesn't want to do. So, all the funds and pros are dumping because the fast buck is not coming in. They were banking on BLOWSISKO coming in and white knighting the stock. Osisko is up to it's neck in JV and it's own problems. They don't have that money-and who wants it anyway. Gold is going to the moon and Harry has nearly 6 million ounces. COME ON!
Clifton can just grind up 200,000 ounces of gold from the tailings alone to get funding-at super low cost as it's mined already!!!. That's 300 million bucks at 1500 ounce gold. Are people INSANE????

[bolst]

Antwort auf Beitrag Nr.: 41.654.288 von ooy am 16.06.11 10:20:55

nachdem das gap nun geschlossen wurde,kann man zumindest an nachkäufe denken.wäre zwar durchaus möglich,das wir noch einmal an die 2 dollar herangehen,aber wissen tut es wohl keiner.

[ooy]

Antwort auf Beitrag Nr.: 41.654.330 von bolst am 16.06.11 10:26:18

Danke, ja, werde heute wohl zukaufen, habe schon ein Limit drin...

[ooy]

Immerhin gehts wohl mit Osisko so weiter und diesen Monat soll gebohrt werden.

Wieder aus stockhouse, allerdings vom April:



/29/2011 7:56:14 PM | | 368 reads | Post #29650801 Rate this
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The silence was a bit too much so I called and asked a few questions. Actually spoke to Mr. Miller. He said that he had just gotten back from a JV meeting with OSK (Sean Roosen). Said that it was a very productive meeting. They talked about the 2011 drilling plan which will be starting in June. So good news that OSK is committed to moving the project forward. Clifton Star has completed its updated resource numbers and is still waiting for the final numbers from OSK. Sean did not have their new numbers with him. Mr. Miller said that he strongly felt that the market would respond positively with the new numbers and forth coming news. He also said that news should be out shortly.

It was just a quick conversation looking for some basic info.

[Opla]

Handel ausgesetzt.

[ooy]

Antwort auf Beitrag Nr.: 41.656.448 von Opla am 16.06.11 15:29:42

Da bin ich ja mal gespannt, von PP ueber Bestaetigung JV Osisko bis hin zu Uebernahme ist Alles drin...

[ooy]

Jetzt haben wir den Salat, langfristig eher gut, kurzfristig wohl schlecht:

Clifton Star Receives Notice of Termination on Duparquet Project


Jun. 17, 2011 (Marketwire Canada) --


VANCOUVER, BRITISH COLUMBIA -- Clifton Star Resources Inc. (TSX VENTURE:CFO)(FRANKFURT:C3T) Clifton Star (The "Company") wishes to advise its shareholders that at the last Joint Venture meeting, Osisko presented a detailed budget for the current year that was not in keeping with its obligations under the Joint Venture agreement in that it did not meet the minimum spending requirement set-out therein for 2011.

Clifton had asked Osisko for clarification of its intentions because no drilling had been carried-out on the property since last summer while the 43-101 report prepared by SGS was being finalized and no clarification had been forthcoming.

The Company had asked for the halt in trading to address rumors that were circulating that Osisko had chosen to withdraw from the project. We can now announce that we have received official notification from Osisko that it is terminating its agreement with Clifton Star with the required thirty days notice.

In the interim, Clifton is taking the following steps:
•It has asked that the drillers remain on-site so that if Clifton must re-assume operatorship of the project it may immediately proceed with drilling;
•It has retained an independent mining engineer to evaluate the proposed drilling program in light of the current resource;
•It has retained the services of a management search firm to find a replacement for Harry Miller as the Company's C.E.O. Mr. Miller's management contract with the Company expires on December 31 2011 and Mr. Miller has advised the Board that he does not intend to extend his contract with the Company as C.E.O. when it comes to a term at the end of the year preferring to assume a different role with the Company once a replacement with mining specific experience has been identified.
•It is seeking to deepen and solidify its geological team.

Clifton is well funded with approximately $15.15 Million in its treasury at the present time.

In December 2009, Osisko issued a commitment letter to Clifton Star agreeing:

to advance for a period of 24 months up to an aggregate principal amount of $22.5 million (the "$22.5 Million Loan") at the rate of interest per annum of 5% calculated on the outstanding principal amount compounded monthly from and including the dates that funds are advanced to and including the date of payment. The principal amount and interest owing pursuant to the $22.5 Million Loan shall be due and payable on the 24 month anniversary of the date of execution of the loan agreement with the option exercisable by Clifton to repay the full amount of principal and interest owing thereunder at any time prior to maturity.

The $22.5 Million Loan will be unsecured, will be the subject of a loan agreement and will be evidenced by promissory note.

The Loan from Osisko to Clifton is to facilitate the next payment to the underlying property owners which is due in December 2012 and will assist Clifton in securing full title to the property. In the event that at any time Osisko determines that it will not proceed to fund the earn-in payments under the Joint Venture prior to expiry of the Option Period and abandons its interest in the Project, Clifton, at its sole option, may elect to convert the entire amount of principal of the Loan into common shares of Clifton at a conversion price per share equal to $3.12 and the amount of the interest at the prevailing market price of Clifton's shares at that time, provided such conversion shall be subject to prior approval of applicable regulatory agencies and stock exchanges. This loan would have to be made prior to the next property payment which is due on December 1, 2012 and would have to be repaid by Clifton, at its option in either cash or Clifton shares in November 2014. The Loan Agreement shall provide for the customary anti-dilution and conversion rights protection for the lender.

The Company wishes to thank Osisko for the professional manner in which it carried out its obligations under the joint venture agreement and for advancing the project. The Company looks forward to the opportunity of improving the projects viability.

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 these 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 in defined in the policies of the TSX-Venture Exchange) accepts responsibility for the accuracy or adequacy of the release.

Clifton Star Resources Inc.
President
425-453-0355

[e-mail]
www.cliftonstarresources.com

[ooy]

Bin noch rausgekommen zu 1,685, steige unter 1,40 wohl wieder ein, da Clifton jetzt wohl alleine die 5 Mio. Unzen hat, aber erstmal abwarten...

[ooy]

Fuss wieder drin zu 1,353...

[DarkDiaboloFfm]

Antwort auf Beitrag Nr.: 41.656.784 von ooy am 16.06.11 16:18:14

Na war doch alles drin oder ? Wahrscheinlich eher besser so

[DarkDiaboloFfm]

Antwort auf Beitrag Nr.: 41.663.544 von ooy am 17.06.11 17:32:28

Darf ich Dich mal fragen wie Du da so rausgekommen bist ? Ich dachte die waren vom Handel ausgesetzt ????

[ooy]

Antwort auf Beitrag Nr.: 41.664.143 von DarkDiaboloFfm am 17.06.11 19:40:58

Stuttgart sofort nach Wiederaufnahme des Handels...

[ooy]

Erholung vom Tief 1,86 auf 2.13, sonst niemand eine Meinung hier?

[Opla]

Antwort auf Beitrag Nr.: 41.665.658 von ooy am 18.06.11 11:27:47

Techn. Gegenreaktion. Die nächsten tage werden wohl sehr volatil werden. Es bleibt abzuwarten, wo sich der Kurs fängt und sich die Unsicherheit löst. Es bleibt die Frage, wieso sich Osisiko angeblich so aussichtsreiches Potenzial nehmen lässt, nachdem sie bereits so viel investiert hatten. Diese Unsicherheit ist nicht zu verachten.

[larsuwe]

Ya ,das wundert mich auch,die werden auch einen ordentlichen Grund für ihre Entscheidung gegen Clifton gehabt haben. Werde hier am Ball bleiben.

[ooy]

Antwort auf Beitrag Nr.: 41.665.669 von Opla am 18.06.11 11:30:29

RR aeussert Folgendes:

Für die Clifton Star-Aktie gilt: Wir warten die nächsten 2-3 Handelstage ab. Solange könnten einige enttäuschte Anleger, die auf Osisko gesetzt haben, noch verkaufen.Dann beginnt das Spiel mit vermutlich besseren Voraussetzungen als bisher von neuem.

Denn: Osisko hat 16 Mio. CAD verbohrt und nun verbrannt, die komplett Clifton Star zugute kommen.

Zudem muss Osisko noch 22,5 Mio.CAD als Kredit zurücklassen.

Und mit 15,5 Mio. CAD in der Bank hat Clifton Star genug Spielraum, um bis zu einem möglichen neuen JV-Partner das Projekt selbst voranzutreiben.

[Opla]

Antwort auf Beitrag Nr.: 41.667.464 von ooy am 19.06.11 12:22:43

Wer ist RR und was ist das für eine Aussage? Meines Wissens nach müssen die 22 Millionen CAd Kredit an Osisko zurück gezahlt werden.

[ooy]

Wow - 1,80 - was fuer ein Rebound...

[ooy]

Antwort auf Beitrag Nr.: 41.667.471 von Opla am 19.06.11 12:25:17

Ja, in Aktien, lies mal die PM durch...

[ooy]

Antwort auf Beitrag Nr.: 41.665.669 von Opla am 18.06.11 11:30:29

Untertagebau ist wohl nicht deren Ding...

[bolst]

so ein mist.kaum bin ich mal nicht da,verpass ich auch schon ne super gekegenheit.waren ja letzte woche richtig gute kaufkurse.

[DarkDiaboloFfm]

Antwort auf Beitrag Nr.: 41.672.369 von ooy am 20.06.11 17:24:51

Schön wenn man RSR zitiert, gibts auch eine eigene Meinung ? Nun wenn man 3 Tage gewartet hätte wie RSR das sagte hätte man eine große Chance verpasst nicht wahr ? Was lernt man daraus ? Ab und an auch selber entscheiden ohne BB

[ooy]

Antwort auf Beitrag Nr.: 41.673.636 von DarkDiaboloFfm am 20.06.11 21:14:13

Bin doch eingestiegen zu 1,353, und hat sich gelohnt, entscheiden musst Du schon selber..

[ooy]

Danke, bin wieder raus in Stuttgart, nun wieder beobachten...

[rolleg]

Clifton Star Resources Inc.: Drilling to Commence at Duparquet

Jun. 21, 2011 (Marketwire Canada) --

VANCOUVER, BRITISH COLUMBIA -- Clifton Star Resources Inc. (TSX VENTURE:CFO)(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.
...
http://app.quotemedia.com/quotetools/newsStoryPopup.go?story…

Quote for Clifton Star Resources Inc. (CFO:CA)
$ 2,83 RT 0,29 (+11.42%) Volume: 165,81 k 12:20 EDT 22.06.2011

[brocklesnar]

http://www.investor-sms.de/Meldungen/Osisko-und-Clifton-Star…

[ollinho]

CFO - Trading Halt!

[ollinho]

Cease Trade Order

http://cto-iov.csa-acvm.ca/ArticleFile.asp?Instance=101&ID=1…

[ollinho]

Zitat von ollinho: Cease Trade Order

http://cto-iov.csa-acvm.ca/ArticleFile.asp?Instance=101&ID=1…

[ooy]

Wird hier eigentlich auch mal wieder gehandelt??

[rolleg]

Antwort auf Beitrag Nr.: 42.015.726 von ooy am 29.08.11 14:30:35

Kann dauern - scheinbar haben sie nicht alle erforderlichen Dokumente/Infos bei der TSXV eingereicht...

[ooy]

Antwort auf Beitrag Nr.: 42.017.506 von rolleg am 29.08.11 20:14:06

Schon klar, aber so langsam muesste das doch passiert sein, obwohl das vielleicht bei dem Absturz gar nicht schlecht war...

[ooy]

Aus stockhouse ein update:

Update from today (09-15)




Alexspushkin29/15/2011 6:21:38 PM | | 123 reads | Post #30186926 Rate this
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As mentioned in a previous post, one of the main problems is that the Peter Bevan report used the Polygon method for reporting the resource estimate. CFO tried to modify the existing information to meet standards, but this did not help.-----They instead engaged a consulting firm to use the new required standard. They have completed their revised work and will be presenting this to the BC commission next week.The good news is that CFO expects the number of ounces to be essentially the same; around 5 million. Further good news is that CFO expects the trading halt to be lifted “within days not weeks”.-----Dr. Dreisinger's work is continuing on the metallurgy. Either he is, or just was on site. His report should be completed by year end. This report will be a significant document in completing a PEA for the project (target next year).-----I also found out that the nearest smelter is only 45 minutes away (Xstrata). This could be an option for getting those tailing processed. No specific plans but an option that will be looked at. -Alex

[ooy]

from my friend, who speaks to Harry on occasion. Harry is playing the longwave here-he knows that the deflationary effects will take hold and drive all assets values to the floor. As the currency wars ensue, gold will become reserve. At that point, all miners will have money in the bank, in the ground. Especially in safe countries like Canada. Osisko was a pain in the butt, and many analysts were expecting some pathetic buyout-but basically if gold is going to 5 to 10k an ounce Harry has no incentive to sell out.
In the meantime, he is still a horrible PR , marketing person. He pretty much did not play the game well with the resource reports and the explanation is below for why stock stopped trading:
I just talked to Harry for about half an hour
I will met him again in November
What's happened is
Clifton Star's latest 43-101 official resources report
didn't use the latest software required by the Canadian Government
So it violated the stock exchange rules and stopped trading
The new 43-101 was done with some software and mostly by the old
manual method
Harry was complaining that the new software gives no indication of
what it looks like underground
it just spits out some numbers which no one can tell is reasonable
Working the old method gave a picture of where the likely
concentrations and extensions are
and thus where to drill next
he says he needs 200,000m of drilling to complete the zone mostly
next year
He will likely have to do 2 43-101 analysis each time in future
The old version to understand what's underground
and a new wizbang software version to spit out some BS number for
future official 43-101 reports
Clifton will trade again
hopefully in a few weeks
Harry thinks it will take a hit
But i think after the old nellies selloff the pros will move in
It may do better early than it would have
because people will be looking at it more
with already 6-7m oz 43-101 total and lots more to come

[ooy]

Wird die jemals wieder gehandelt???

[ooy]

Hab doch was Aktuelles gefunden:


News Releases



<< Previous | Next >>






Clifton Star Resources Announces Management Changes and Update



Clifton Star Resources Announces Management Changes and Update



VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 28, 2011) - The Board of Directors of Clifton Star Resources Inc. (TSX VENTURE:CFO)(FRANKFURT:C3T) ("Clifton Star" or the "Corporation") is pleased to announce the appointment of Michel F. Bouchard to the positions of President and Chief Executive Officer of Clifton Star, effective November 7, 2011. Mr. Bouchard, who has been involved in the exploration, development and production aspects of the mining sector for over 30 years, brings a wealth of knowledge and experience to Clifton Star, and the required expertise to advance the Corporation's Duparquet Project. He has been a director and senior officer of several public companies in the mining sector. He holds a BSc and MSc in Geology, as well as an MBA. He is credited with the co-discovery of the Bouchard-Hebert Mine in north western Quebec. He has held Senior Executive positions at Aiguebelle Resources, Audrey Resources, Lyon Lake Mines, SOQUEM, Cadiscor and McWatters Mines; and most recently held the position of Vice President, Exploration and Development for North American Palladium Inc. and president of NAP Quebec Inc. Mr. Bouchard will join the Clifton Star Board of Directors as of November 7th.

The Corporation also wishes to report that it has engaged InnovExplo to prepare a comprehensive NI 43-101 report which will cover all of the contiguous properties which make up the Duparquet Project (including Beattie, Donchester, Central Duparquet, Dumico, and the Beattie Tailings Deposit). Although the timing of the release of InnovExplo's comprehensive report may not be guaranteed, it is expected in the spring of 2012.

As previously announced in the Corporation's June 17, 2011, news release, Mr. Harry Miller has decided not to seek an extension of his management contract, which is due to expire on December 31 of this year. Mr. Miller, who has resigned as President and CEO of the Corporation, as well as from the Board of Directors, both effective the close of business November 6, 2011 had agreed to assume the role of Senior Advisor and Corporate Secretary effective November 7, 2011, with a contract that expires on December 31, 2013. The Board wishes to thank Mr. Miller for his past service to the Corporation as Chairman, CEO and President and his invaluable contribution during that time which have allowed Clifton Star to be holding an interest in such a prospective property and to be in such an enviable financial position.

The Corporation further wishes to announce that Ross Glanville, BASc, P.Eng., MBA, has assumed the role of Chairman of the Board of the Corporation from Harry Miller. Mr. Glanville, who has been a director of the Corporation since January 2010, has over 35 years of experience in mining, exploration, finance, marketing, and management, and held senior executive positions with major and junior mining and consulting companies.

Mr. Philip Nolan will remain as director and become assistant-Secretary of the Corporation as of November 7, 2011.

The Corporation also wishes to report that Fred Archibald has resigned as both Vice-president Exploration and as a director of the Corporation. Although Mr. Archibald will continue to act as a consultant to the Corporation, and remains the Corporation's QP, the Board wishes to thank Mr. Archibald for his past service in his previous capacities.

The Corporation has recently filed on SEDAR a copy of the SGS Geostat ("SGS") NI 43-101 report on the Beattie portion of the Duparquet project, which report was referenced in the Joint press release which the Corporation issued on June 13, 2011, with its then joint venture partner, Osisko Inc.

The Corporation also recently filed on SEDAR a copy of a Genivar Inc. NI 43-101 report (from August 2011) for the Duquesne property.

Clifton will also be filing a NI 43-101 report dealing with the Donchester portion of the Duparquet project in the coming weeks, which the Corporation believes is the additional report that will allow the BCSC to move toward revoking the cease trade order.

Notwithstanding the cease trade order, the Corporation, which is well financed (with approximately $15 million in cash and term deposits), has been conducting an active exploration program since the end of its joint venture with Osisko, including diamond drilling and metallurgical work. The Corporation will report results from these activities as they become available.

This news release has been reviewed by Fred Archibald, P.Geo., who is deemed to be a Qualified Person under NI 43-101.


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



Marketwire Canada

October 28, 2011 - 4:32 PM EDT

[rolleg]

Antwort auf Beitrag Nr.: 42.305.117 von ooy am 04.11.11 20:09:45

Hab ich schon gelesen. Immer noch vom Handel ausgesetzt und Website wird scheinbar überarbeitet...

Ich beobachte weiter (so nebenbei)...

[ooy]

Antwort auf Beitrag Nr.: 42.305.572 von rolleg am 04.11.11 22:02:11

Mir bleibt nichts Anderes uebrig, bin ja investiert...

[rolleg]

Antwort auf Beitrag Nr.: 42.307.003 von ooy am 05.11.11 16:39:54

Na dann ist Geduld gefragt. Wird dann spannend, wenn wieder gehandelt wird. Liegt ja einiges im Boden - ein Investment sollte sich trotzdem auf lange Sicht auszahlen...

[rolleg]

Clifton Star Announces Executive Appointments and an Update of Activities
http://app.quotemedia.com/quotetools/newsStoryPopup.go?story…

[ooy]

Antwort auf Beitrag Nr.: 42.636.079 von rolleg am 23.01.12 22:37:10

"Although Clifton management believe that the situation will be resolved, it is not possible to forecast the exact time when this will happen."

Heisst wohl weiter in Geduld ueben...

[ooy]

Antwort auf Beitrag Nr.: 42.636.079 von rolleg am 23.01.12 22:37:10

Hoert sich gut an:

"We are adding experienced people to enable Clifton to develop the Duparquet properties on a fast track approach."

[rolleg]

Antwort auf Beitrag Nr.: 42.636.517 von ooy am 24.01.12 02:38:50

Stimmt. CFO ist ja immer noch vom Handel ausgesetzt, bin gespannt, wie bzw. wann es hier wieder los geht. Bin aber nicht investiert...

[ooy]

Es geht wohl bald wieder los, endlich:

Clifton Star Announces Filing of an Updated NI 43-101 Technical Report on the Donchester Property
QUEBEC CITY, QUEBEC--(Marketwire - Feb. 28, 2012) - As a result of a review by the British Columbia Securities Commission ("BCSC"), Clifton Star Resources Inc. ("Clifton Star" or "The Corporation") (TSX VENTURE:CFO)(FRANKFURT:C3T) is issuing the following news release to clarify its disclosure.

The Corporation has filed an updated NI 43-101 Technical Report on SEDAR with respect to the Donchester Property, part of the Corporation's Duparquet Project located in Quebec. The NI 43-101 Technical Report was prepared by James S. Steel MBA, P. Geo. of Mining Insights Inc., updated on February 23, 2012.

The Corporation's current resource for all properties are reported in the table below. All other previous disclosed estimates do not comply with the requirements of NI 43-101 and should not be relied upon.

The current NI 43-101 compliant Inferred Resource on the Donchester portion of the Duparquet Project consists of 11.01 Million tonnes with an average grade of 3.06 grams of gold per tonne (1.05 Million contained gold ounces), at a cut-off grade of 1.5 grams of gold per tonne, and using a topcut of 8.0 grams. The report recommends extensive further work on the Property including in‐fill drilling and exploration drilling both on sections with existing drill holes and between sections. Trenching is also recommended.

The Corporation has filed, in October 2011, a Material Change Report as well as two other NI 43-101 reports dealing with the Beattie portion of the Duparquet Project (adjacent to the west of the Donchester Property) and the Duquesne Property. NI 43-101 compliant resources for each of Beattie, Donchester and Duquesne are set out in the following Table:

NI-43-101 Resources Report Resource
Category
Indicated Resource
Category
Inferred Cut off
BEATTIE
Property SGS GEOSTAT
May 2011
- In-pit resources
31.95 M t at 1.67 g/t 0.67g/t
Contained Gold Ounces 1.72 M Oz.
DONCHESTER
Property MINING INSIGHTS INC .
February 2012 11.01 Mt at 3.06 g/t 1.5g/t
Contained Gold Ounces 1.05 M Oz.
DUQUESNE
Property GENIVAR
July 2011 1.86 Mt at 3.33 g/t 1.56 Mt at 5.58 g/t 1.0g/t
Contained Gold Ounces 0.2 M Oz. 0.28 M Oz.

Shareholders should not rely on a previous Technical Report on the Donchester Property filed on SEDAR in June 2011, authored by Peter Bevan P. Eng. and which has been deemed by the BCSC to be non-compliant with the requirements of NI 43-101. The previous historical resource estimates on the Central Duparquet, Hunter and Cat lake properties are also not supported by NI 43-101 compliant reports and should not be relied on.

In October 2011, Clifton Star retained the services of InnovExplo, a geological and mining consulting firm, to prepare a comprehensive NI 43-101 Technical Report on the Beattie, Donchester, Dumico, Central Duparquet, and the Beattie Tailings portions of the Duparquet Project, and expects to receive this report in April of 2012.

The Corporation's website is being updated to properly reference all NI 43-101 compliant material and adequately disclose information that is based on historical estimates.

The Corporation has filed an application with the Executive Director of the BCSC to have the cease trade order revoked and expects a response in due course.

Since re-assuming control of the Duparquet Project in June of this year, the Corporation has been conducting an active drilling campaign, with 85 holes for 26,754 meters completed in 2011 as well as metallurgical testing. Results from the on-going drilling campaign should be available shortly. The results of the metallurgical testing will be released in due course.

The Corporation is well financed with approximately $14 million in cash and term deposits. The Corporation has also strengthened its management team by hiring a new CEO, Mr. Michel F. Bouchard, P. Geo., MBA, a seasoned mining professional with over 30 years of experience in exploration and mine development in Quebec, and M. Louis C. Martin, P. Geol., appointed Vice president Exploration, with over 25 years in the exploration field. The Board has great confidence in Mr. Bouchard and Mr. Martin, and expects that they will bring the required knowledge and leadership to advance the Duparquet Project, as well as ensure compliance matters are properly respected going forward.

This news release has been reviewed and approved by Michel F. Bouchard, P. Geo. who is deemed to be a Qualified Person under NI 43-101 as defined by National Instrument 43-101.

[rolleg]

Antwort auf Beitrag Nr.: 42.826.403 von ooy am 29.02.12 15:33:10

Hier die Meldung (von gestern) nochmals (weils so schlecht zu lesen ist, hier):

Clifton Star Announces Filing of an Updated NI 43-101 Technical Report on the Donchester Property
http://app.quotemedia.com/quotetools/newsStoryPopup.go?story…

Immer noch vom Handel ausgesetzt...

Gruss
rolleg

[iZock]

Bohrergebnisse und der neue technische Report kamen schon mal. Aber noch keine Infos wann der Handel weiter geht.

[Frickhasserin]

sehe ich das richtig? 2 Mio. Unzen weniger nach der neuen Ni43?

da 2011 selbst Top-Explorer mit durchweg guten News 50-70% implodiert sind, rechne ich bei Clifton bei Handelsaufnahme mit einem 80-90% Crash. Wenn es so kommt, zocke ich hier mal ein paar Stücke

[ooy]

Antwort auf Beitrag Nr.: 42.835.316 von Frickhasserin am 01.03.12 18:11:22

80 bis 90% Crash waere wohl dein Wunsch, bei dem Cash wird das aber leider nix...

[Frickhasserin]

Zitat von ooy: 80 bis 90% Crash waere wohl dein Wunsch, bei dem Cash wird das aber leider nix...

natürlich wäre das mein Wunsch und das sollten sich auch die Anleger wünschen die noch drin sind und bei über 80% Minus anfangen zu verbilligen um dann nach einer 100% Gegenbewegung nach oben mit Gewinn aus der Sache rauszukommen. So zockt man richtig

Der Cashbestand schütz nicht vor einer irrationalen Panik. Ich kann mir nicht vorstellen, das der Kurs hier nur 50-60% fällt, weil in 2011 selbst Explorer mehr abstürzt sind, die ihre Ressourcen drastisch erhöht oder gar verdoppelt haben. Also selbst wenn Clifton seine Ressource nun um ca. 30% hätte erhöhen können, würde ich mit einem 2011er Nachholcrash von -50% rechnen.

[ooy]

Antwort auf Beitrag Nr.: 42.835.413 von Frickhasserin am 01.03.12 18:25:52

Wir werden es sehen, RSR schreibt:

Demnach kommt man auf 1,72 Mio. Unzen auf dem Beattie-, 1,05
Mio. Unzen auf dem Donchester und 0,48 Mio. Unzen auf dem Duquesne-
Pit. Dies sind auf dem Gesamtprojekt namens Duparquet 3,25
Mio. Unzen Gold. Davon sind 0,2 Mio. Unzen in der Indicated-
Kategorie und 3,05 Mio. Unzen in der niedrigeren Inferred-Kategorie.
Die alte Ressourcenschätzung lag bei 1,7 Mio. Unzen Gold in der
Measured&Indicated-Kategorie und weiteren 3,4 Mio. Inferred, zusammen
also 5,1 Mio. Unzen Gold Damit ergibt sich eine Differenz
von über 2 Mio. Unzen Gold, die „verloren“ gegangen sind. Dies sind
39% weniger als zuvor. Nun kann man (optimistisch) argumentieren,
dass Clifton Star nach dem Osisko- Ausstieg nun mit 3,25 Mio. Unzen
ja 100% am Projekt hält und damit mehr Unzen auf sich vereint
als zuvor beim 50%-Anteil (2,55 Mio. Unzen). Doch so werden die
Anleger sicher (zunächst) nicht rechnen. Vielmehr dürften viele Investoren
erstmal verkaufen, da man monatelang nicht handeln konnte
und das Vertrauen erst wieder neu aufgebaut werden muss. Erst danach
wird man auf die Bewertung achten, die bei 84 Mio. CAD vor
der Handelsaussetzung bei 2,90 CAD lag. Damit wäre Clifton Star
bei nunmehr 3,25 Mio. Unzen mit circa 26 USD je Unze bewertet

[dukezero]

March 02, 2012 08:24 ET
Excellent Metallurgical Test Results for Clifton Star

QUEBEC CITY, QUEBEC--(Marketwire - March 2, 2012) - Clifton Star Resources Inc. ("Clifton Star" or "The Corporation") (TSX VENTURE:CFO)(FRANKFURT:C3T) is pleased to report that recent metallurgical test results at SGS Lakefield Research have demonstrated that high gold recoveries from the Duparquet Project mineralization are possible using a combination of conventional flotation, pressure oxidation and cyanidation.

The overall average gold recovery from six metallurgical samples from the Duparquet Project gold zones provided to SGS Lakefield Research was 93%.

Six metallurgical samples, with head grades ranging from 1.25 g/t gold to 3.58 g/t gold, were provided to SGS Lakefield Research for gold recovery testing. The samples were core from the Beattie (A Zone, South Zone, and RW Zone), the Donchester North, the Donchester South, and the Central Duparquet Main Zone. A sample of the historical tailings from Beattie was also tested.

Metallurgical Testing and Results

Two basic approaches were utilized in the metallurgical testing. First, gravity recovery was tested to see if gold could be recovered by gravity concentration. Second, the process of (a) flotation (to recover pyrite and gold), (b) pressure oxidation (to oxidize the pyrite and liberate the gold) and, (c) carbon-in-leach cyanidation (of both the pressure oxidation residue and the flotation tailings) was conducted. Finally, the environmental treatment of the pressure oxidation solution was demonstrated.

Gravity: Recovery of gold by batch Knelson gravity concentration alone ranged from 18% to 39%. These results indicate that gravity may be used as part of the metallurgical treatment process, but that additional processing is required to achieve a high overall gold recovery.

Flotation: The goal of flotation testing was to concentrate the sulfides and the gold in the metallurgical samples into a concentrate for pre-treatment and cyanidation. The results indicate that all samples can easily be floated to produce a pyrite-gold concentrate. For one sample (Central Duparquet), even higher gold and sulfur recoveries may be achieved using a finer grind.

The small scale batch flotation of the six metallurgical samples gave average values as follows:

Gold Recovery of 90.3%
Sulfur Recovery of 92.7%
Mass Recovery of 19.0% of the Flotation Feed Weight
Flotation Concentrate Grade of 12.5 g/t Au and 6.7 % Sulfide Sulfur

Larger scale tests produced similar results.

Gold Recovery of 91.5%
Mass Recovery of 17.8% of the Flotation Feed Weight
Flotation Concentrate Grade of 11.5 g/t Au and 6.1 % Sulfide Sulfur

Pressure Oxidation and Cyanidation:

A significant amount of gold is locked in refractory sulfide minerals (predominantly pyrite). Refractory sulfide ores are generally treated by pre-oxidation (pressure oxidation, biological oxidation, or roasting) prior to recovery of gold by cyanidation.

Pressure oxidation is a standard technology for pre-treatment of refractory gold ores and concentrates to increase the recovery of gold. It is used routinely by Goldcorp at Red Lake and by Barrick in Nevada. Each concentrate produced from the Duparquet Project was pressure oxidized under industry-standard conditions followed by carbon-in-leach cyanidation of the oxidation residue. Each of the individual concentrates is autothermal with respect to sulfur grade for pressure oxidation (i.e. no supplemental heat would be required for normal autoclave operation). The results are summarized below:

The average sulfide oxidation for the best test for each of the six samples was 98.8%.
The average value of gold extraction from the six samples (best results for each sample) was 97.6%.
The recovery of gold from the flotation tailings ranged from 26 to 56%, and averaged 40%. The average cyanidation tail assay was only 0.15 g/t - a very good result.
The consumption of cyanide is very low over the whole range of samples. Although the consumption of lime (CaO) is elevated in a few cases (Donchester N and Donchester S), it is likely that these consumptions can be reduced by optimization of the pressure oxidation conditions.

The recovery by CIL (carbon-in-leach) of the pressure oxidation residue and by cyanidation of the flotation tailings were summed to give an overall recovery from each of the original metallurgical samples.

The average overall recovery of gold was 93.0% from the six metallurgical samples.

Environmental

The arsenic levels are low in all six samples (0.024 to 0.11 %). At these levels, the environmental control of arsenic is straightforward.

The environmental treatment of the pressure oxidation solutions using limestone and lime neutralization produced very low residual arsenic in solution, below 1 mg/L (the detection limit) and a co-precipitate with iron with a very high ratio of iron to arsenic. The results of the testing indicate a favourable removal process for arsenic as a co-precipitate with iron. The iron to arsenic ratio (Fe/As) is advantageous to produce a stable residue for environmental disposal. Industry practice is to seek a ratio of greater than 4 for this parameter. The Clifton samples have ratios from 14 to 50. These results also reinforce the low arsenic nature of the primary ore samples.

Additional Metallurgical Test Programs

The current results have demonstrated that very high gold recoveries are possible using a combination of conventional flotation, pressure oxidation and cyanidation.

However, in order to determine the most economical process to treat the mineralization, samples of bulk concentrate have also been provided to Goldfields of South Africa for testing of the BIOX™ technology as an alternative to pressure oxidation. The BIOX process uses bacteria to catalyze the oxidation of pyrite and arsenopyrite prior to gold recovery by carbon-in-leach cyanidation. In addition, samples of bulk concentrate have been sent to Australia for testing of XSTRATA Technologies' Albion process. The Albion process uses fine grinding and neutral oxidation of pyrite and arsenopyrite prior to gold recovery by carbon-in-leach cyanidation.

Both series of tests have begun and Clifton expects to have the preliminary results from both series of tests in June 2012.

The benefits of both processes will be compared with the conventional flow sheet used in the SGS Lakefield tests to maximize recoveries and economic return as well as minimize environmental impact.

"It has been commonly considered that the resource at Duparquet may be difficult to treat from a metallurgical stand point. Considering the tests results, the uncertainty is largely lifted." said Michel Bouchard, President and CEO of Clifton Star.

Beattie Tailings Tests

Lakefield tests are not completed but bulk flotation of the historical Beattie tailings produced a rougher concentrate of 12.9% of the feed weight, with a gold assay of 6.6 g/t Au and a sulfur content of 3.32%. This represented recovery of 64.8% of the Au and 77.8 % of the sulfide sulfur from the tails.

The combination of pressure oxidation of the tailings flotation concentrate and cyanidation gave 87.1% Au extraction from the oxidation residue, with reagent consumptions of 0.04 kg NaCN per tonne of concentrate and 3.30 kg CaO per tonne of concentrate.

Further tests are pending with the incorporation of grinding of the tails prior to flotation (to approximately 100 micron particle size), pressure oxidation and cyanidation.

Qualified Person

Dr. David Dreisinger, P.Eng., F.C.I.M., F.C.A.E., is the Qualified Person (NI 43-101) who supervised the preparation of the technical information in this news release. Dr. Dreisinger is Professor and Chairholder, Industrial Research Chair in Hydrometallurgy at the University of British Columbia (Vancouver, Canada) and consults to the worldwide metallurgical industry through Dreisinger Consulting Inc.
--------------------------------------------------------------------------------

[ooy]

Antwort auf Beitrag Nr.: 42.841.098 von dukezero am 02.03.12 14:52:28

Hat seinen Zweck erfuellt, Kohle haben die ja jetzt genug.

""It has been commonly considered that the resource at Duparquet may be difficult to treat from a metallurgical stand point. Considering the tests results, the uncertainty is largely lifted." said Michel Bouchard, President and CEO of Clifton Star."

[rolleg]

Clifton Star Announces Trading Resumption
http://www.minenportal.de/artikel.php?sid=56620&lang=en#Clif…

Morgen geht´s weiter. Bin gespannt, was der Kurs macht (bin nicht mehr investiert)...

[ooy]

Antwort auf Beitrag Nr.: 42.874.471 von rolleg am 08.03.12 23:33:01

Danke Dir, bin auch sehr gespannt...

[ooy]

Canada handelt mit 30% Abschlag, wuerde gerne hier handeln, aber es wird mal wieder gepennt.
Hat jemand die Moeglichkeit, die mal aufmerksam zu machen in Frankfuert, bin leider im Ausland??
Waere toll...

[ooy]

Antwort auf Beitrag Nr.: 42.878.592 von ooy am 09.03.12 16:25:07

O.K., habs erledigen koennen.
Hier ein neuer Research:

Friday, March 09, 2012
Research Spotlight

Clifton Star Resources Inc. (CFO-TSXV)1
Under Review

July 25/11 closing price: $2.90

Michael Fowler, M.Sc MBA

416-964-4440

Clifton Star- Despite The Almost Eight Month Halt- Fundamentals Have Improved - Positive:

The company shares are now trading again and the cease trade order has been lifted. The shares were cease traded in July 2011 because of disclosure infractions and a non-compliant technical report on the Donchester property. The reasoning behind the non-compliant report has never been adequately explained. We have the impression that the Bevan report (the non-compliant technical report) used the polygonal method to estimate resource size and probably had insufficient back-up information. The polygonal method is rarely used, but some gold producers still use it! The new technical report tabled last week estimated a resource on Donchester of 1.05 million ounces at a cut-off grade of 1.5 grams per tonne. The Bevan report had estimated a resource of 1.1 million ounces at a 1 gram cut-off, 585,000 ounces at 2.4 grams per tonne cut-off and 1.7 million ounces at a 0.5 gram cut-off. Bevan did not estimate a resource at 1.5 grams, but by interpolation his resource figure would be less than the latest NI 43-101 resource. The reader should be cautioned that the Bevan report was deemed non-compliant and the figures should be treated in the same category as historical resources. However, the latest NI 43-101report confirms that the resource has grown, which is very positive.
Other positives since the stock has been halted are as follows: (1) metallurgical reports have been positive- an average recovery of 93% using pressure oxidation, (2) arsenic levels are low- good from an environmental aspect, (3) very good drilling results which should increase the resource base, and (4) new management.
In our opinion, the company has the potential of proving up a resource of plus 5 million ounces at a 0.5 grams per tonne cut-off grade. This represents a global figure and we would expect a potentially mineable reserve figure of about 1.5 to 2 million ounces. The stock was suspended due to disclosure defects, but not because of fundamentals, as they have only gotten better! Investors will sell for emotional reasons but this will present buyers with a good investment opportunity. At present, we feel that Beattie-Donchester will be mined using a combination of open-pit and underground methods. Even at a stock price of $2.90, with the extremely conservative NI 43-101 reports, the stock would be trading at an EV/per global potential resource of just $28, which is inexpensive. We would recommend buying on the downdraft.


1. Loewen, Ondaatje, McCutcheon Limited (LOM)'s analyst has visited the material operations of the company to the extent of viewing the corporate headquarters and/or major production facilities along with meeting certain key management.


The information contained in this report is drawn from sources believed to be reliable, but the accuracy or completeness of the information is not guaranteed, nor in providing it does LOM assume any responsibility of liability. The opinions and any projections made in this report reflect our opinions as of the date noted above and are subject to change without notice. This report is not to be construed as an offer to sell or the solicitation of an offer to buy any securities. The inventories of LOM, its affiliated companies and the holdings of their respective directors, officers and companies with which they are associated, may hold a long or short position in any securities mentioned in this report and may from time to time purchase or sell such securities.
Copyright © 2011, Loewen, Ondaatje, McCutcheon Limited. Member CIPF and IIROC.

[ooy]

Mar 9/12

Mar 9/12

Bouchard, Michel

Direct Ownership

Common Shares

10 - Acquisition in the public market

10,000

$2.02




Mar 9/12

Mar 9/12

Glanville, Ross Owen

Direct Ownership

Common Shares

10 - Acquisition in the public market

10,000

$2.02

[ooy]

Ist jetzt wieder eine Suende wert unter 1,20...

[ooy]

Die Ergebnsse sind auf jeden Fall wieder gut, der Markt spielt halt verrueckt:

Clifton Star Reports the First 2012 Drill Results on the Duparquet Project
QUEBEC CITY, QUEBEC--(Marketwire - March 21, 2012) - ( March 21, 2012) - Clifton Star Resources Inc. ("CFO" or "Clifton") (TSX VENTURE:CFO)(FRANKFURT:C3T) is pleased to release the results of its first assay data from its 2012 drill program at the Duparquet Project, located along the prolific Destor-Porcupine Fault in the Abitibi region of Quebec. Drilling was focused on the North Zone of the Beattie and Donchester properties, targeting deeper levels. Clifton currently has two drills working on the project.

Diamond drilling from January to mid-March by Clifton includes the completion of 7 holes for 4,905 meters, all targeting the North Zone. Complete or partial assay results are currently available for the first 5 drill holes of the program (see figure 2, 3 and 4)

Some Highlights:

Hole BD10-160ext with 18 meters grading 3.16 g/t Au


Hole BD10-172ext with 7 meters grading 2.37 g/t Au


Hole BD12-01 with 8.3 meters grading 2.69 g/t Au


Hole DON10-44ext with 11.1 meters grading 1.55 g/t Au


Hole DON10-52ext with 12.5 meters grading 1.35 g/t Au
The North Zone on the Beattie and Donchester properties continues to be the focus of the drilling program for the first part of 2012. Drilling included 6 drill hole extensions and 1 new hole collared from surface for a total of 4,905.2 metres. This includes 2,402 metres of reaming completed in the historical holes, along with 2503.2 metres of new core drilling in the extended holes and the new hole collared from surface. Clifton is able to carry out the drilling on the property at a discounted cost by extending existing holes.

The North Zone continues to show excellent continuity, with significant gold mineralization, at depth. The mineralized envelope of the North Zone can be up to 80 metres wide, and has been traced along strike for 2.6 km (See Figure 1). The North Zone has a near vertical dip, with the mineralization typically found near the northern contact of the syenite and younger volcanic rocks. Recent work has tested the North Zone between 350m and 650m vertically, as well as defined several higher-grade lenses within the North Zone. Future drilling will continue to test these lenses at depth.

The results of the 2012 drill program continue to be very encouraging, as can be seen from the assay data that is listed in the summary and in the table and figures provided immediately after the text of this news release. The true thicknesses of the intersections in the North Zone are typically 60% of the core lengths.

All 2011 and prior drill hole information, as well as the available results of the 2012 drill hole program, will be incorporated into a comprehensive NI 43-101 resource report on the Duparquet Project, which includes the Beattie, Donchester, Dumico and Central Duparquet properties, as well as the Beattie tailings, that is presently being prepared by InnovExplo, a mining consulting firm located in Val-d'Or. The Company expects to have the report conclusions available for release in late April of 2012.

The InnovExplo NI 43-101 resource report will form the basis for retaining an independent consulting firm to prepare a Preliminary Economic Assessment ("PEA").

Drilling is continuing with 2 drill rigs on the Beattie and Donchester properties. The drill program will take advantage of extending existing holes that either ended in mineralization or were stopped short of the North Zone. Until the end of the year, the primary focus of the drilling will be continued exploration of the various zones at the Beattie, Donchester, Dumico and Central Duparquet properties in order to better define the limits of the known mineralization between 400-600 metres below surface, as well as identification of the limits of higher grade sections within the known zones.

Technical Information and Qualified Persons

The assay analyses performed during Clifton's drill programs are subject to a formal quality assurance and quality control (QA/QC) program. Diamond drill core was logged and sampled on site at the Company's exploration office in Duparquet, with samples transported by the Company to Activation Laboratories Ltd. (Ste-Germaine de Boule), an independent accredited laboratory, for assay analysis. Standard reference materials, blanks, and field duplicates samples are inserted prior to shipment from site to monitor the quality control of the data. Samples with higher grade gold (greater than 3 grams per tonne) are reassayed using a gravimetric and/or pulps and metallic procedure. All assays greater than 30 grams per tonne were cut to 30 grams. The Company's exploration team designed and executed the 2011 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.

Duparquet Project
2012 Drilling Results
Drill Hole From (m) To (m) Width (m) Au (g/t) Section Zone
BD10-160 EXT 493.1 496.2 3.1 0.99 631,037E
and 566 602 36.0 1.91 631,037E North Zone
incl 584 602 18.0 3.16 631,037E North Zone
incl 584 592 8.0 4.94 631,037E North Zone
BD10-172 EXT 467.9 476.5 8.6 1.02 631,075E Syenite
and 549 563 14.0 0.71 631,075E Syenite
and 583 586.9 3.9 1.12 631,075E Syenite
and 649 656 7.0 2.37 631,075E North Zone
BD12-01 300 303 3.0 0.90 631,000E Syenite
and 358.1 364.5 6.4 1.21 631,000E Syenite
and 373.5 378 4.5 0.57 631,000E Syenite
and 500.5 502.5 2.0 1.29 631,000E Syenite
and 657.6 679.9 22.4 1.34 631,000E North Zone
incl 671.6 679.9 8.3 2.69 631,000E North Zone
incl 673.6 678.6 5.0 3.42 631,000E North Zone
DON10-44 EXT 403 404 1.0 2.49 631,700E Syenite
and 443 444.5 1.5 3.05 631,700E Syenite
and 453.2 455 1.8 2.28 631,700E Syenite
and 477.5 482 4.5 1.13 631,700E Syenite
and 828.5 839.6 11.1 1.55 631,700E North Zone
DON10-52 EXT 657 669.5 12.5 1.35 631,700E North Zone
and 693.8 696.4 2.6 1.72 631,700E North Zone
*** Drilling results: see figure 1, 2, 3, 4 for location

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 ReformAct 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.

Figures are available at the following address: http://media3.marketwire.com/docs/march0321_CS_Figures.pdf

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.

[ooy]

Clifton Star Resources Inc. hat heute die ersten Probenergebnisse seines Bohrprogramms für 2012 bei dem Duparquet-Projekt in der Region Abitibi, Quebec veröffentlicht. Die Bohrungen konzentrierten sich auf die North-Zone der Liegenschaften Beattie und Donchester und umfassten sieben Bohrlöcher über insgesamt 4.905 Meter.


Einige Highlights:

• Bohrloch BD10-160 EXT: 36,0 m mit 1,91 g/t Gold, darin 18,0 m mit 3,16 g/t Gold;
• Bohrloch BD10-72 EXT: 7,0 m mit 2,37 g/t Gold;
• Bohrloch BD12-01: 22,4 m mit 1,34 g/t Gold, darin 8,3 m mit 2,69 g/t Gold;
• Bohrloch DON10-44 EXT: 11,1 m mit 1,55 g/t Gold.

[ooy]

Auch ein Vertrauensbeweis;


Mar 21/12

Mar 21/12

Bouchard, Michel

Direct Ownership

Common Shares

10 - Acquisition in the public market

900

$1.76




Mar 19/12

Mar 19/12

Bouchard, Michel

Direct Ownership

Common Shares

10 - Acquisition in the public market

1,600

$1.87




Mar 14/12

Mar 14/12

Glanville, Ross Owen

Direct Ownership

Common Shares

10 - Acquisition in the public market

9,000

$2.02




Mar 14/12

Mar 14/12

Bouchard, Michel

Direct Ownership

Common Shares

10 - Acquisition in the public market

1,000

$2.00




Mar 12/12

Mar 9/12

Glanville, Ross Owen

Direct Ownership

Common Shares

10 - Acquisition in the public market

1,000

$2.02




Mar 12/12

Mar 9/12

Bouchard, Michel

Direct Ownership

Options

50 - Grant of options

435,000

$2.03




Mar 9/12

Mar 9/12

Bouchard, Michel

Direct Ownership

Common Shares

10 - Acquisition in the public market

10,000

$2.02




Mar 9/12

Mar 9/12

Glanville, Ross Owen

Direct Ownership

Common Shares

10 - Acquisition in the public market

10,000

$2.02

[ooy]

Kann unter Umstaenden schnell gehen:


BID



Orders

Volume

Price Range




8

30,200

1.610-1.650



ASK



Price Range

Volume

Orders




1.660-1.990

25,600

7

[ooy]

MF: Clifton Star Resources Inc. (CFO:TSX.V) is trading around $1.75/share. It has a project close to Rouyn-Noranda, Québec. To my mind, Québec is almost the best place in the world to find a deposit. Its Duparquet project has already outlined 3 Moz gold in several NI 43-101 reports and will release a revised resource in April. I think it may be closer to 5 Moz gold at 0.5 gram per tonne cutoff.

Earlier, the B.C. Securities Commission cease-traded this stock because it found disclosure deficiencies. Now, new management is in place and the fundamentals and the resource are still there. We feel it has good potential for becoming a mine and for a joint venture or being taken out in time.

I should mention that Osisko Mining Corp (OSK:TSX) was in a joint venture with Clifton Star, but Osisko walked from the project because it didn't see it as a Malartic bulk-tonnage situation. The mineralization is more discrete, but that does not take away from its mineability.

TGR: Is Clifton Star undervalued given the recent changes?

MF: I think so. We like to see valuations below $25/oz in the ground, and to some degree, that is why we picked Northern Freegold and Moneta Porcupine Mines Inc. (ME:TSX.V). Clifton Star trades at $25/resource ounce, based on a $5 Moz project. That valuation includes the fact that Clifton Star will have to raise approximately $50 million (M) to fulfill its obligations as an option to buy 100% of the property.

TGR: Tell us about Moneta Porcupine and its project on the same fault line as Clifton Star's.

MF: Aurizon Mines, Clifton Star and Moneta are all on big, east-west fault lines. Moneta Porcupine is on the Ontario side of the border with Québec, on the Destor Porcupine Fault. Moneta recently came out with a very pleasantly surprising resource on what it calls the Golden Highway project of 3.14 Moz gold. It trades at roughly $10/oz in the ground, which is cheap. Moneta seems to be successfully tying up some of the pits outlined in its resource study.

TGR: Is it difficult for juniors like Moneta Porcupine and Clifton Star to raise money, given that they are pure exploration plays?

MF: The financing environment is a bit eclectic at the moment and probably is getting worse as we speak. But there is money out there, focused on selective companies or selective deposits.

We usually find that the time to invest in a company is when essentially nobody likes the sector. You do not want to be buying when every institution is buying; that is a good signal that you are on a high.

I want to emphasize that we have seen a lot of companies raise $20M or $30M when they did not need the money. There is a new paradigm going on. We used to raise money for one or maybe two field seasons, and the amount raised was $5–10M, maximum. Today, some of these guys are raising $30–40M. Quite frankly, I think that is irresponsible.

http://www.theaureport.com/pub/na/12878

[ooy]

...und weiter gehts, die scheinen ueberzeugt, haben auch nichts zu verschenken:


Apr 12/12

Apr 12/12

Bouchard, Michel

Indirect Ownership

Common Shares

10 - Acquisition in the public market

5,000

$1.55




Mar 22/12

Mar 22/12

Miller, Harry

Direct Ownership

Common Shares

10 - Acquisition in the public market

11,000

$1.60




Mar 22/12

Mar 22/12

Bouchard, Michel

Indirect Ownership

Common Shares

10 - Acquisition in the public market

5,000

$1.61




Mar 21/12

Mar 21/12

Bouchard, Michel

Direct Ownership

Common Shares

10 - Acquisition in the public market

900

$1.76




Mar 19/12

Mar 19/12

Bouchard, Michel

Direct Ownership

Common Shares

10 - Acquisition in the public market

1,600

$1.87




Mar 14/12

Mar 14/12

Glanville, Ross Owen

Direct Ownership

Common Shares

10 - Acquisition in the public market

9,000

$2.02




Mar 14/12

Mar 14/12

Bouchard, Michel

Direct Ownership

Common Shares

10 - Acquisition in the public market

1,000

$2.00




Mar 12/12

Mar 9/12

Glanville, Ross Owen

Direct Ownership

Common Shares

10 - Acquisition in the public market

1,000

$2.02




Mar 12/12

Mar 9/12

Bouchard, Michel

Direct Ownership

Options

50 - Grant of options

435,000

$2.03




Mar 9/12

Mar 9/12

Bouchard, Michel

Direct Ownership

Common Shares

10 - Acquisition in the public market

10,000

$2.02

[ooy]

Habs denen gleichgetan, auf dem Niveau ein Schnaeppchen...

[ooy]

Excellent Gold Recovery for Clifton Star in Both BIOX and Albion Testworks



QUEBEC CITY, QUEBEC--(Marketwire - April 30, 2012) - Clifton Star Resources Inc. ("Clifton Star" or "The Corporation") (TSX VENTURE:CFO)(FRANKFURT:C3T) is pleased to report that excellent metallurgical test results on gold flotation concentrate treatment have been received from Goldfields of South Africa for BIOX process amenability and from Albion Process Pty. Limited and HRLtesting for the XSTRATA Albion process amenability.

The overall gold recovery achieved in BIOX Testing of concentrate from the Duparquet project ranged from 94.3 to 94.7%. The overall gold recovery achieved from the same concentrate with the Albion Process was 93.8%. These numbers compare well to the overall average of 93% gold recovery achieved by SGS Lakefield tests (see news release, dated March 2nd 2012). In each case, gold was recovered by cyanidation in leach, after the BIOX, Albion or Pressure Oxidation pre-treatment.

"These results on BIOX and Albion testing confirm that the Duparquet resource is not difficult to treat from a metallurgical standpoint. Two conventional processes (BIOX and Pressure Oxidation) and one emerging process (Albion) have all proven capable of achieving high gold recoveries from Duparquet concentrates. The choice between processes may now be considered based on relative economics." said Michel Bouchard, President and CEO of Clifton Star.

Metallurgical Testing and Results

A blended concentrate sample was provided to Goldfields and to HRLtesting. The blend was prepared with equal parts of concentrates from the six metallurgical samples. The chemical and fire assay analysis of the concentrate blend received at Goldfields showed results of 10.9 g/t Au and 5.78% S (sulfide), while at HRLtesting the grade of the concentrate was9.35 g/t Au and 5.34 % S (sulfide). This concentrate was tested as-received by Goldfields with a particle size of 125 microns (P80). The concentrate was ground to 8 micron (P80) for the HRLtesting of the Albion process. This grinding was carried out with a laboratory sized XSTRATA Isamill unit, which is a key feature of the Albion process.

The Goldfields testing involved (a) adaptation of the BIOX bacteria to the Clifton Star concentrate, (b) batch bio-oxidation tests to varying levels of sulfur oxidation, (c) cyanidation of the bio-oxidation residues, (d) neutralization of the bioleach solution and (e) environmental testing of the neutralization solids. The bacteria adapted quickly to the Clifton Star concentrate. A total of 9 batch leaches were performed. The best result was obtained with 25% solids in the slurry, with bioxidation of 98.7% of the sulfur after 19 days. The cyanidation of this residue returned 94.3% of the gold.

The neutralization of the bioleachate (combined) with either lime or limestone and then lime to pH 7 produced final solutions containing less than 0.3 mg/L of As. The neutralization solids were subjected to the EPA TCLP test for toxicity. Both precipitates passed the test with values of 0.0082 mg/L As and 0.019 mg/L As for the lime and limestone/lime precipitates, respectively. Both precipitates were well below the 5 mg/L As limit for the TCLP procedure, and are therefore not considered hazardous waste with respect to arsenic content.

The Albion process involved controlled pH, atmospheric oxidation of the Duparquet concentrate (with oxygen) at 95 C for 48 hours. The oxidized concentrate was then tested by conventional CIL cyanidation. The test results showed 72% sulfur oxidation and 93.8% gold extraction from the oxidized concentrate.

These results compare well to the average values of 98.8% sulfide oxidation and up to 97.6% gold extraction by pressure oxidation and cyanidation achieved when testing concentrates obtained from the six Duparquet metallurgical samples at SGS Lakefield.

The BIOX process was developed in South Africa and first applied at the Fairview mine. The process uses naturally occurring bacteria to catalyze the oxidation of pyrite and other sulfides in a concentrate to liberate the gold for subsequent cyanidation. Currently four sites around the world are using the process, including the Ashanti Goldfields plant in Ghana. This plant treats 960 tonnes per day of concentrate prior to cyanidation for gold recovery.

The Albion process was developed in Australia by XSTRATA Technology (formerly MIM), and involves using ultra fine grinding and atmospheric leaching to oxidize a pyrite containing gold concentrate prior to cyanidation. The Albion process has been applied in the zinc industry for leaching zinc concentrates, and has been licensed for gold applications in the Dominican Republic and Romania.

[ooy]

...und weiter gehts:


May 3/12

May 3/12

Nolan, Philip Patrick Joseph

Indirect Ownership

Common Shares

10 - Acquisition in the public market

6,600

$1.35




Apr 30/12

Apr 27/12

Nolan, Philip Patrick Joseph

Indirect Ownership

Common Shares

10 - Acquisition in the public market

3,300

$1.37




Apr 30/12

Apr 26/12

Nolan, Philip Patrick Joseph

Indirect Ownership

Common Shares

10 - Acquisition in the public market

100

$1.37




Apr 26/12

Apr 26/12

Bouchard, Michel

Indirect Ownership

Common Shares

10 - Acquisition in the public market

5,000

$1.40

[ooy]

$1.540

May 7, 2012, 3:23 PM EDT


Change: 0.200 (14.93%)

Volume: 74,532

[ooy]

Clifton Star Announces NI 43-101 Indicated Resources of 1.71 Million oz. and Inferred Resources of 1.67 Million oz. at Duparquet



QUEBEC CITY, QUEBEC--(Marketwire - May 24, 2012) -Clifton Star Resources Inc. ("Clifton Star" or the "Corporation") (TSX VENTURE:CFO)(FRANKFURT:C3T) is pleased to announce the first 3D block model and an integrated Mineral Resource estimate on the Duparquet project, which also includes the Beattie tailings. The NI 43-101 estimate, dated May 22, 2012, was prepared by InnovExplo Inc., mining consultants from Val-d'Or, Quebec. The report will be filed on SEDAR in the coming weeks.

The estimate is based on 223 surface channel samples and 668 surface holes, totalling 211,259 meters, and 134,766 samples. QA/QC analyses were carried on 18,453 samples (only duplicate samples, excluding blank and standards). Resources were estimated using square inverse distance interpolation method in a block model. A high grade capping of 25g/t Au and a minimum true thickness of 3 meters were used. Gold recovery of 92.8% was incorporated, based on recent metallurgical testing at SGS Lakefield. Combined mining and milling costs of $24/t were used in the Whittle open pit simulations. For the base case scenario, a $1380 CDN /oz gold price and a cut-off grade of 0.60 g/t Au were used for determining the In-Pit resources.

The same 0.60 g/t Au cut-off was used for the Beattie tailings, where most of the resource is in the Indicated category, and includes some Measured resources. This resource of the tailings is based on 258 holes and 450 samples.

For the underground Mineral Resource estimate, a 2.0g/t cut-off and a minimum true thickness of 3 metres were used.

Previously released NI 43-101 resource estimates on the Duparquet project had only resources in the Inferred category. In the present estimate, more than half of all the resources are now in the Indicated category on the basis of contained ounces.

The Total Mineral Resource estimate is as follows:



Measured resources:

1,284 ounces

(19,000 t at 2.10 g/t)



Indicated resources:

1,713,328 ounces

(29,591,100 t at 1.80 g/t)



Inferred resources:

1,667,909 ounces

(29,143,400 t at 1.78 g/t)


The In-Pit mineral resource , base case, is as follows (see Table 1 for sensitivity to cut-off):



Indicated resources:

1,275,449 ounces

(21,916,900 t at 1.81 g/t)



Inferred resources:

1,136,620 ounces

(23,149,400 t at 1.53 g/t)


Table of In-Pit resources at different cut-offs:

TABLE 1:



Indicated Resources



Zone

Cut-off

Tonnes

Grade

Au




g/t Au


g/t Au

Oz



All Zones

> 0.90

17 826 300

2.05

1 177 751



> 0.80

19 083 600

1.98

1 212 082



> 0.70

20 413 000

1.90

1 244 121



> 0.65

21 150 000

1.85

1 260 113



> 0.60

21 916 900

1.81

1 275 499



> 0.55

22 719 700

1.77

1 290 366



> 0.50

23 587 300

1.72

1 305 018



Inferred Resources



Zone

Cut-off

Tonnes

Grade

Au




g/t Au


g/t Au

Oz



All Zones

> 0.90

15 392 000

1.93

954 213



> 0.80

17 371 900

1.81

1 008 233



> 0.70

19 841 400

1.67

1 067 640



> 0.65

21 416 500

1.60

1 101 840



> 0.60

23 149 400

1.53

1 136 620



> 0.55

25 225 200

1.45

1 174 909



> 0.50

27 738 500

1.36

1 217 256


The Underground mineral resources, base case, are as follows (see Table 2 for sensitivity to cut-off):



Indicated resources:

314,635 ounces

(3,569,700 t at 2.74 g/t)



Inferred resources:

531,289 ounces

(5,994,000 t at 2.76 g/t)


Table of underground resources at different cut-offs:

TABLE 2:



Indicated Resources



Zone

Cut-off

Tonnes

Grade

Au




g/t Au


g/t Au

Oz



All Zones

> 5.0

59 700

6.10

11 716



> 4.0

250 400

4.80

38 677



> 3.5

424 900

4.35

59 435



> 3.0

969 800

3.71

115 657



> 2.5

1 815 600

3.25

189 984



> 2.0

3 569 700

2.74

314 635



> 1.5

6 622 600

2.28

484 777



Inferred Resources



Zone

Cut-off

Tonnes

Grade

Au




g/t Au


g/t Au

Oz



All Zones and Envelope

> 5.0

164 600

5.67

30 014



> 4.0

472 700

4.86

73 862



> 3.5

767 800

4.42

109 043



> 3.0

1 499 400

3.84

185 086



> 2.5

3 062 300

3.26

320 804



> 2.0

5 994 000

2.76

531 289



> 1.5

10 960 300

2.29

806 584


The resource of the Beattie tailings was also estimated, using a geo-statistical approach and the application of different high grade capping. The same cut-off (0.60 g/t Au) was used as that for the In-Pit base case estimate.

The Beattie tailings resources, base case, are: (see Table 3 for sensitivity to cut-off):



Measured resources:

1,284 ounces

(19,000 t at 2.10 g/t)



Indicated resources:

123,194 ounces

(4,104,500 t at 0.93 g/t)


Only the tailings located on dry land were considered in estimating the tailings resources.

TABLE 3: Beattie tailings resource estimation:



Category

Cut-off

Tonnes

Grade

Au




g/t Au


g/t Au

Oz



Total Measured

> 0.8

16 800

2.28

1 233



> 0.6

19 000

2.10

1 284



> 0.4

19 900

2.03

1 297



> 0.2

21 000

1.94

1 307



Category

Cut-off

Tonnes

Grade

Au




g/t Au


g/t Au

Oz



Total Indicated

> 0.8

3 489 000

0.97

108 423



> 0.6

4 104 500

0.93

123 194



> 0.4

4 105 200

0.93

123 213



> 0.2

4 107 400

0.93

123 278


Gold Price Sensitivities

The following table shows the sensitivity to the tonnage and the contained ounces of gold to changes in the gold price for the In-Pit resource only. The base case utilizes a gold price of CDN $1380/oz. Discrepancies are due to software rounding.

The reader is hereby notified that no resource categories were used for that sensitivity study. Inferred and Indicated Resources are included in the mineralized material only for the purpose of the sensitivity study.

TABLE 4: Whittle In-Pit simulations relative to gold price:



Gold price C$/oz

Mineralized material (t)

In-situ Au (oz)
all categories

Mill Cut-Off Grade (g/t)



$ 980.00

15 047 768

1 031 677

0.83



$ 1 080.00

24 567 011

1 552 863

0.75



$ 1 180.00

28 807 104

1 719 813

0.69



$ 1 280.00

32 640 664

1 861 064

0.63



$ 1 380.00

45 744 210

2 425 700

0.59



$ 1 480.00

53 665 401

2 723 135

0.55



$ 1 580.00

58 405 418

2 855 835

0.51



$ 1 680.00

65 946 918

3 089 085

0.48



$ 1 780.00

74 134 841

3 361 458

0.46



$ 1 880.00

78 110 582

3 445 042

0.43



$ 1 980.00

83 164 596

3 577 360

0.41


Michel Bouchard, President and CEO declared: "We are pleased to have put together the first comprehensive geo-statistical estimate of resources for the Duparquet Project. Close to half of the resources are now in the Indicated category and most of the mineral resources are within the In-Pit shell. We can still upgrade the resources category by definition drilling, and continue to expand the zones with exploration drilling.

The combined mining and milling costs used in the pit simulation for the base case cut-off are conservative at $24/t, while the gold price is based on the last 3 year average. The preliminary waste/ore ratio at around 8:1, but the offset is the relatively high gold grade at Duparquet. Furthermore, preliminary sensitivities studies indicate that lowering of mining and milling costs, as well as pit design changes, could allow for a lower cut-off and an increase in the resource. Based on the current In-Pit resource estimate, we will evaluate the factors in assessing the economic potential of the Duparquet Project in a Preliminary Economic Assessment, which Clifton will contract out in the coming weeks. We hope to have this study by the end of 2012, assuming normal consulting firm availability".

The mineral resources stated in this press release were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) standards on mineral resources and reserves, definitions, and guidelines prepared by the CIM standing committee on reserve definitions and adopted by the CIM council.

Technical parameters used for the estimation:
•The Independent and Qualified Persons for the Mineral Resource Estimate, as defined by Regulation 43-101, are Carl Pelletier, B. Sc., P.Geo. and Karine Brousseau, P. Eng. (InnovExplo Inc.), and the effective date of the resource estimate is May 22, 2012.
•Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability.
•Tailing results are presented undiluted and in situ. The estimate includes four (4) Tailings Ponds.
•In-Pit results are presented undiluted within Whittle-optimized pit shells. The estimate includes 7 gold-bearing zones and a remaining envelope containing isolated gold intercepts.
•Underground results are presented undiluted and in situ, outside Whittle-optimized pitshells. The estimate includes 7 gold-bearing zones and a remaining envelope containing isolated gold intercepts.
•Tailings resources were compiled at 0.2, 0.4, 0.6 and 0.8 g/t Au cut-off grades.
•In-Pit resources were compiled at 0.50, 0.55, 0.60, 0.65, 0.70, 0.80 and 0.90 g/t Au cut-off grades.
•Underground resources were compiled at 1.5, 2.0, 2.5, 3.0, 3.5, 4.0 and 5.0 g/t Au cut-off grades.
•Cut-off grades must be re-evaluated in light of prevailing market conditions (gold price, exchange rate and mining cost).
•Tailings: A fixed density of 1.45 g/cm3 was used in mineralized zones and waste.
•In-Pit and Underground: A fixed density of 2.73 g/cm3 was used in mineralized zones and in the envelope.
•In-Pit and Underground: A minimum true thickness of 3.0 m. was applied, using the grade of the adjacent material when assayed, or a value of zero when not assayed.
•Tailings: High grade capping was done on the raw data and established at 13.0 g/t Au for Zone 1, 3.5 g/t Au for Zone 2, 1.7 g/t for Zone 3 and 2.2 g/t Au for Zone 4.
•In-Pit and Underground: High grade capping was done on the raw data and established at 25.0 g/t Au for diamond drill hole assays and channel samples assays.
•Tailings: Compositing was not done over entire drill hole lengths. Instead, compositing was done on drill hole sections falling within the mineralized zone envelopes (composite = 0.5 metre).
•In-Pit and Underground: compositing was not done over entire drill hole lengths. Instead, compositing was done on drill hole and channel sample sections falling within the mineralized zone envelopes (composite = 1.5 metres).
•Resources were evaluated from drill hole and surface channel samples using an ID2 interpolation method in a block model.
•The tailings measured and indicated categories were defined based on the drill hole spacing (measured, zones 1 and 2 = 30m x 30m grid; indicated, zone 3 = 100m x 100m grid and zone 4 = 200m x 200m grid).
•The In-Pit and Underground indicated category is defined by the combination of blocks within a maximum distance of 15m from existing stopes and blocks for which the average distance to drill hole composites is less than 30m.
•Ounce (troy) = Metric Tons x Grade / 31.10348. Calculations used metric units (metres, tonnes and g/t).
•The number of metric tonnes was rounded to the nearest hundred. Any discrepancies in the totals are due to rounding effects; rounding followed the recommendations in Regulation 43-101.
•InnovExplo is not aware of any known environmental, permitting, legal, title-related, taxation, socio-political, marketing or other relevant issue that could materially affect the Mineral Resource Estimate.
•Whittle parameters used: Mining cost = 2 C$ / tonne, Pit Slope Angle = 47.5 degrees, Production cost = 22 C$ / tonne, Gold Price = 1380 C$.

[ooy]

Clifton Star Resources Inc. (CFO)

Exchange: TSX Venture Exchange






$0.870

Jul 11, 2012, 3:42 PM EDT


Change: -0.040 (-4.40%)

Volume: 4,350




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0.870

Day High
0.920







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0.870

52 Week High

2.990









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Clifton Star Intersects 2.2 g/t Au Over 97.9m on the Duparquet Project



QUEBEC CITY, QUEBEC--(Marketwire - July 11, 2012) -Clifton Star Resources Inc. ("CFO" or "Clifton") (TSX VENTURE:CFO)(FRANKFURT:C3T) is pleased to announce the results from an additional 20 drill holes from its 2012 drill program at the Duparquet Project. This phase of drilling has encountered significant mineralization in the North, South and Syenite Zones on the Beattie and Donchester properties. The positive results demonstrate that the zones show good continuity and extend at depth. Clifton currently has two drills working on the project. None of the 2012 drilling results were used in the recently filed NI 43-101 resource estimation Duparquet project report (July 5, 2012 on SEDAR).

Highlights include:
•Hole D12-04 with 97.9 meters grading 2.20 g/t Au (North Zone)


•Hole D12-05 with 25.5 meters grading 2.21 g/t Au (North Zone)


•Hole D12-07 with 15.0 meters grading 2.45 g/t Au (North Zone)


•Hole BD10-129ext with 11.9 meters grading 3.81 g/t Au (North Zone)


•Hole BD12-04 with 19.8 meters grading 1.72 g/t Au (North Zone)


•Hole BD12-08 with 10.7 meters grading 2.94 g/t Au (North Zone)


•Hole D12-01 with 110.5 meters grading 0.67 g/t Au (South Zone)


•Hole D12-09 with 27 meters grading 1.78 g/t Au (Syenite Zone)

These and other significant assay results from the recent phase of drilling are listed in Table 1 accompanying this news release.

On May 24, 2012 Clifton Star Resources announced the first integrated Mineral Resource estimate on the Duparquet project which includes the Beattie, Donchester, Dumico and Central Duparquet properties, as well as the Beattie tailings. The NI 43-101 mineral resource estimate was prepared by InnovExplo Inc., mining consultants from Val-d'Or, Quebec and included:
•Measured resources: 1,284 ounces ( 19,000 t at 2.10 g/t Au)
•Indicated resources: 1,713,328 ounces ( 29,591,100 t at 1.80 g/t Au)
•Inferred resources: 1,667,909 ounces ( 29,143,400 t at 1.78 g/t Au)

The mineral resource does not include holes drilled after December 31, 2011. In the first half of 2012, Clifton Star has drilled an additional 41 holes totalling 16,635m on the project to upgrade and extend the footprint of the deposit. Two drill rigs continue to define this mineralization on the project.

The 2012 drilling will be included in a subsequent updated mineral resource estimate due out later in 2012. Clifton Star has started a Preliminary Economic Assessment ("PEA") on the Duparquet Project. The Corporation expects to have the report conclusions available at the end of 2012

Duparquet Project

The Duparquet project covers 7.7 km of strike along the prolific Destor-Porcupine break located in the Abitibi region of Quebec and includes the contiguous Beattie, Donchester, Central Duparquet and Dumico properties. The project area includes the Beattie and Donchester gold mines that historically produced a total of 1.47 million ounces of gold by underground mining from 1933 to 1955.

The mineralization on the property is associated with a 400m wide syenite intrusion in contact with sediments to the south and volcanic rocks to the north. The mineralization is predominately located along the northern and southern contacts of the syenite as well as hosted within numerous secondary structures within the syenite body.

On March 21st, 2012, Clifton released the results from the first seven holes that were drilled from January to March, totalling 4,905 meters. Diamond drilling from mid-March to the end of June 2012 by Clifton includes the completion of 34 holes totalling 11,730 meters. The results are available for 20 holes, released in this press release. This new drilling continues to focus on the North Zone with a goal of outlining a mineral resource amenable to both open-pit and bulk underground mining. The current drilling includes 6 drill hole extensions and 28 new holes collared from surface. This includes 1,868 metres of reaming completed in the historical holes, along with 9,862 metres of new core drilling in the extended holes and the new holes collared from surface. Clifton continues to be able to carry out the drilling on the property at a discounted cost due to the shallow nature of the deposit and by extending existing holes.

The results of the 2012 drill program continue to be very encouraging for the development of both an open-pit and bulk underground mining deposit, as can be seen from the assay data that is listed in the summary and in the table provided immediately after the text of this news release. The true thicknesses of the intersections in the North, South and Syenite zones are typically 60% of the core lengths, but can be as low as 30%.

The North Zone continues to show excellent continuity, with significant gold mineralization extending at depth. The mineralized envelope of the North Zone can be up to 80 metres wide, and has been traced along strike for 2.6 km (See Figure 1). The North Zone has a near vertical dip, with the mineralization typically found near the northern contact of the syenite with the volcanic rocks. Recent work has tested the North Zone down to a depth of 650m vertically, as well as defined several higher-grade lenses within the North Zone.

Recently drilled hole D12-04, intersected 2.20 g/t Au over a core length 97.9m less than 300m from surface (See Figure 2). This mineralization continues at depth where hole D12-05 intersected several similar lenses from which one of the lenses assayed 2.21 g/t Au over 25.5m at a vertical depth of 425m below surface. Hole D12-07, drilled 100m to the east of D12-04 and D12-05, intersected 2.45 g/t Au over 15.0m at a vertical depth of approximately 150m below surface (See Figure 3).

Drilling of the North Zone on the Beattie property included the hole extension BD10-129ext, which returned an assay of 3.81 g/t au over 11.9m at a vertical depth of 435m below surface (See Figure 4) and BD12-04 which assayed 1.72 g/t Au over 19.8m at a vertical depth of 250m below surface (See Figures 5). Hole BD12-08, a shallow in-fill hole drilled along the North Zone between 2 satellite pits, returned an assay of 2.94 g/t Au over 10.7m (see figures 6, 7). Continued success from both the deep and shallow holes increases our confidence and demonstrates the continuity of these zones.

Drilling of the South Zone included a wide zone of 110.0m grading 0.67 g/t Au within less than 125m vertically below the surface in hole D12-01 (See Figure 8). This hole demonstrates the potential thickness of the South Zones near surface.

Hole D12-09 intersected a mineralized zone grading 1.78 g/t Au over 27.0m within the syenite, approximately 135m south of the North Zone(See Figure 9). This intersection is located 80m outside of the east wall of the current Donchester pit, at a vertical depth of 220m (See Figure 10). This drilling highlights the possibility of increasing the size of the current planned pits with more fill-in holes.

This drilling has continued to fill in large gaps in the data and traced the mineralized zones at depth, while at the same time demonstrating the potential thickness and continuity of these zones. All of the zones are open along strike and at depth, with the deepest intersection at approximately 650 metres below surface. Drilling is continuing with 2 drill rigs which will advance the exploration of the various zones at the Beattie, Donchester, Central Duparquet and Dumico properties. This drilling will better define the in-pit mineralization and converting inferred resources into indicated resources.

[ooy]

"None of the 2012 drilling results were used in the recently filed NI 43-101 resource estimation Duparquet project report (July 5, 2012 on SEDAR)."

[ooy]

http://www.voiceamerica.com/episode/62701/crapitalisms-effec…

Ab Minute 16, hochinteressant...

[ooy]

TGR: Clifton Star Resources Inc. (CFO:TSX.V; C3T:FSE) is on your A-3 list. Its Duparquet project has 3.38 Moz, and it recently upgraded some of the reserves from Inferred to Indicated. Is there is room for further expansion there?

JT: Absolutely. In another timeframe, with its deposit and new CEO, Clifton Star would be selling at much higher levels. It has a good amount of cash on the books. It needs to develop confidence in the market by continuing to develop and move the project forward, which Michel Bouchard is very good at.

"The real price of gold has risen dramatically, which has led to real, strong profits for the producers."There are some metallurgical complexities that make the project a little more difficult, but nothing that cannot be resolved. This is the kind of company that we will have to watch because if it can prove up, it will be a tempting takeover target. If that happens, we hope there will be some competitive cherry picking going on.

http://www.theaureport.com/pub/na/13914?utm_source=delivra&u…

[ooy]

Was fuer ein Absturz - ich finde die Unterbewertung mittlerweile eklatant...

[rolleg]

Antwort auf Beitrag Nr.: 43.499.243 von ooy am 16.08.12 09:42:16

Stimme Dir zu - nutzt aber nichts, wenn sich niemand für CFO interessiert.

Im Moment Zufallskurse - heute mal nach oben (+7.89%)...

[ooy]

Antwort auf Beitrag Nr.: 43.503.262 von rolleg am 16.08.12 22:57:21

Bei den Resourcen und dem Cash wurde mich eine Uebernahme nicht wundern...

[rolleg]

The Gold Report Interview with Michael Fowler (8/17/12) Michael Fowler: Clifton Star Resources Inc. is an exploration company in the Val d'Or Rouyn-Noranda area with just over 3 Moz gold in its deposit. The company is in the process of undertaking a preliminary assessment or scoping study. It's extremely cheap right now in terms of its valuation. We like that.

TGR: That one really hasn't recovered from that long trading halt that the exchange put on it after it questioned its classification of resources.

MF: That's a good point. It was halted for a long period. There are a lot of things that have changed in that company since that halt. First, the question about resources or the NI 43-101 has been totally resolved. It's not a question of whether or not the gold is there. In fact, it is in greater quantities than in the NI 43-101 that was questioned by the British Columbia Securities Commission. Second, the management of Clifton Star has totally changed. There is a new CEO in the company and some new people in management. I think it's like a different coat of paint on the company. The assets are good and I wouldn't be surprised if we saw Clifton Star being involved in another joint venture with a major mining company.
http://www.theaureport.com/pub/co/588

[ooy]

Antwort auf Beitrag Nr.: 43.507.439 von rolleg am 17.08.12 23:02:26

Genau meine Meinung, nur Zufallskurse momentan und extrem billig...

[ooy]

Wow - 6 Dollar waeren mall klasse:

TGR: How about the targets on some of the other ones you mentioned?

MF: Our target on Aurizon Mines is $8.40. Wesdome Gold Mines, $3.50. Fortune Minerals, $2.65. Clifton Star, $6. Moneta Porcupine, $0.95.

[ernestokg]

Antwort auf Beitrag Nr.: 43.503.556 von ooy am 17.08.12 05:22:11

Habe mir gerade mal die Präsentation angeschaut.
Da las ich etwas von einem Working Capital von nur etwa 13 Millionen !

Da kommt man IMHOP aber nicht mal in Afrika oder China weit, wenn man eine Mine aufbauen will,oder siehst Du das anderes, z.B. gibt es "suitors" ? Darüber las ich nichts.

Kein Wunder, dass es den Kurs so nach Süden zieht .

Werde hier aber mal weiter beobachten, wahrscheinlich gibt es den Wert nach der nächsten "Kapitalerhöhung" viel billiger !

[TIRL]

Antwort auf Beitrag Nr.: 43.509.221 von ernestokg am 19.08.12 10:08:32

Zumindest ist es erst mal Kapital um weiter zu machen. Das wichtige ist, dass mti dem Geld die Vergrößerung der Assets und die Vorwärtsentwicklung geschaffen wird. Dann bekommt man auch in dieser schlechten Phase, mit guten Aussichten, risikofreudige Investoren für größere PP´s.

[ooy]

Antwort auf Beitrag Nr.: 43.509.221 von ernestokg am 19.08.12 10:08:32

Ich glaube halt nicht, dass die die Mine selber aufbauen...

[rolleg]

Clifton Star Announces Start of the Duparquet Gold Project PEA and Appoints Dr. David Dreisinger as Vice President Metallurgy
http://app.quotemedia.com/quotetools/newsStoryPopup.go?story…

[ooy]

Clifton Star Announces Start of the Duparquet Gold Project PEA and Appoints Dr. David Dreisinger as Vice President Metallurgy



QUEBEC CITY, QUEBEC--(Marketwire - Aug. 20, 2012) - Clifton Star Resources Inc. ("Clifton Star" or "The Corporation") (TSX VENTURE:CFO)(FRANKFURT:C3T) is pleased to report that it has started the preparation of a Preliminary Economic Assessment report ("PEA") on the Duparquet Project.

Three engineering firms will be involved in completing the PEA.

InnovExplo, a Mining Consulting Firm from Val-d'Or, ("InnovExplo") will update the resource estimation, incorporating the latest 2012 drill and surface sampling results, and will design the mining sequence for the open pit operations. InnovExplo will also be responsible for the integration of all other aspects of the report as the lead author.

Bateman Australia Pty Ltd ("Bateman") will design the metallurgical treatment circuit and mill, including the pressure oxidation circuit, based on the metallurgical tests carried out by SGS-Lakefield over the past months that resulted in an average of 93% gold recovery. Bateman will also provide a comparative study on the capex/opex of the alternative BIOX™ and Albion processes, which have delivered similar gold recoveries in recent tests.

Stavibel Engineering Services, ("Stavibel"),a subsidiary of SNC-Lavalin, will study all the environmental and social aspects of the project. Since gold mining and ore processing were carried in the past on the project, Stavibel will initially characterize the site. Stavibel will also evaluate and design waste rock and tailings storage facilities, water control and balance for the open pit mining and milling scenarios as designed by InnovExplo and Bateman.

Clifton Star expects to have the PEA report completed at the end of 2012 and to publish the conclusions in January of 2013.

Nomination of Dr. David Dreisinger:

Clifton Star is pleased to announce that Dr. David Dreisinger, P.Eng., F.C.I.M., F.C.A.E., will join the Corporation as Vice President Metallurgy on a part time consulting basis, starting September 1st 2012. Dr. Dreisinger is the Qualified Person (NI 43-101) who supervised, for Clifton Star, the metallurgical tests carried at SGS Lakefield, with Goldfields for the BIOX process and with Xstrata for the Albion process over the last year.

Dr. Dreisinger is a Professor and Chairholder, Industrial Research Chair in Hydrometallurgy at the University of British Columbia (Vancouver, Canada) and consults to the metallurgical industry worldwide through Dreisinger Consulting Inc.

[ooy]

BID



Orders

Volume

Price Range




6

12,500

0.870-0.910



ASK



Price Range

Volume

Orders




1.000-1.290

22,000

[TIRL]

http://etfdailynews.com/2012/08/22/michael-fowler-2000-gold-…

“I would put the majority of my money in the junior to midtier producers.”

[ooy]

Antwort auf Beitrag Nr.: 43.543.646 von TIRL am 28.08.12 20:44:55

6 Dollar waere cool, oder?

[ooy]

Ungewoehnlich:

3:38 PM EDT

0.920

35,500

0.080

033

002

[rolleg]

Clifton Star Announces New Drill Results From the Duparquet Project Including 2.52 g/t Au Over 29.6 m
http://app.quotemedia.com/quotetools/newsStoryPopup.go?story…

[ernestokg]

Was wolltest du uns mit diesen veröffentlichten Zahlen sagen ?

Erklären sie den gestrigen Kurs-Rutsch ? Für mich nicht so recht , gib mir bitte Nach-Hilfe.

[ooy]

Antwort auf Beitrag Nr.: 43.558.215 von ernestokg am 31.08.12 21:14:29

Information ueber News - fuer sowas ist der Thread doch da, heute gehts ja wieder 10% rauf, bei den Umsaetzen ist das eh Zufall...

[ernestokg]

Die Frage für den Bergbau-Laien ist doch, sind es gute oder schlechte news ?

Mit meinen bescheiden Kenntnissen sehe ich es so:
Nichts überwältigendes bei den Grades-- aber auch nicht so schlecht, dass es den Rutsch am Donnerstag erklärt , für mich also kein Grund derzeit zu verkaufen !
Ja, der Anstieg vom Freitag sagt angesichts des nur minimalen Umsatzes in Canada nichts , weiter zuwarten angezeigt !

[ernestokg]

Hat hier jemand in den letzten Monaten eigentlich einen Artikel in die Hände bekommen aus dem hervorgeht wo derzeit der "faire Wert " von nachgewiesenem Gold im Boden liegt ?

Vor einigen Jahren hieß es mal je nach Abbaukosten kann der Preis durchaus bis zu Hundert Dollar und mehr je Unze betragen.

Das war allerdings vor der aktuellen Welt-Wirtschafts-Krise.

[ernestokg]

Anscheinend niemand

Ist aber auch egal, Monsieur Bouchard der Präsident, so auf stockhouse, versprach eine neue Studie bez der Reserven/ Resourcen für die Zeit um die Jahres-Wende. Wahrscheinlich sind wir dann bei 4 Millionen Unzen!
Ist aber auch egal, denn schon bei 3 Millionen Unzen Gold ist die Company derzeit viel zu billig !

[rolleg]

Antwort auf Beitrag Nr.: 43.575.867 von ernestokg am 06.09.12 18:31:58

Also ich kann nur 2 Beispiele nennen. Trelawney hatte Augen Gold Mitte letzten Jahres zu rund 50 CAD pro Unze Gold übernommen (was man als Durchschnittswert ansetzen konnte) um dann seinerseits Anfang diesen Jahres zu rund 72 CAD/Unze Gold von IAMGold übernommen zu werden. Bei den anderen kann ich mich nicht erinnern... beide Projekte hatten dabei hauptsächlich Resourcen in den niedrigen Kategorien nach NI 43-101.

News:

Xmet to Purchase Clifton Star's Duquesne Mine Property Consolidating the Duquesne District's 1,233,000 Inferred & 355,000 Indicated oz. Au
http://app.quotemedia.com/quotetools/newsStoryPopup.go?story…

..."In exchange for 100% ownership of the Duquesne Mine Property, Xmet has agreed to issue Clifton Star a maximum of 19.9% of its outstanding shares after Xmet has exercised its option from Globex."...

[ooy]

Sehr gut, man fokusiert sich:

Clifton Star Agrees to Sell its Duquesne Property to XMet Inc.
QUEBEC CITY, QUEBEC--(Marketwire - Sept. 20, 2012) - Clifton Star Resources Inc. ("Clifton Star" or the "Corporation") (TSX VENTURE:CFO)(FRANKFURT:C3T) reports that, subject to regulatory approval, it has signed an Agreement with Xmet Inc. ("Xmet") (TSX VENTURE:XME)(OTCQX:XMTTF) to sell its Duquesne Property. The Duquesne Property claims are located immediately adjacent, east of Xmet's Duquesne-Ottoman Project.

This agreement is scheduled to close concurrently with Xmet's previously announced purchase agreement for Brionor Resources' Pitt Gold Project. These two acquisitions will consolidate all of the Duquesne District under one project. In exchange for 100% ownership of the Duquesne Mine Property, Xmet has agreed to issue Clifton Star a maximum of 19.9% of its outstanding shares after Xmet has exercised its option from Globex. Completion of the Transaction is subject to a number of conditions, including but not limited to, the exercise of Xmet's option to purchase a minimum 75% interest in Duquesne-Ottoman Project (see Xmet's press release dated March 5th, 2012), obtaining any necessary approvals, as well as the acceptance of the TSX Venture Exchange.

As set forth in the July 2011, NI 43-101 technical report, Clifton Star's Duquesne Property has NI 43-101 compliant gold ounce resource totaling 1,859,200 tonnes at 3.33 gm/t, in the Indicated category equaling 199,000 oz. and 1,563,100 tonnes at 5.58 gm/t in the Inferred category equaling 280,000 oz. The Duquesne property is immediately adjacent to the eastern boundary of Xmet's Duquesne-Ottoman Project. Xmet's Duquesne-Ottoman Project hosts its own compliant resource of 4.17 million tonnes at 6.36 gm/t Au, uncut, equaling 853,000 inferred ounces Au. As indicated in the Xmet's News Release of May 16th, Xmet has agreed to acquire Brionor Resources' Pitt Resource, which is a NI 43-101 compliant gold ounce resource of 600,000 tonnes at 7.83 gm/t Au, equaling 156,000 oz. Au at the Indicated level and 476,000 tonnes at 6.91 gm/t Au equaling 100,000 oz. at the Inferred level. Xmet plans on updating technical reports on all three contiguous properties, Pitt Resource, Duquesne Mine and Duquesne-Ottoman, within the coming months.

The completion of both the Clifton Star and Brionor transactions will increase the NI 43-101 compliant gold resource on Xmet's combined Duquesne-Ottoman-Pit Property to 355,000 ounces in the Indicated category and to 1,233,000 ounces in the Inferred category.

Clifton Star will become an important shareholder of XMet with 19.9% of shares when all the transactions will be closed. By participating in consolidating the eastern part of the Duparquet area, Clifton will still have an important interest in that area, while being able to focus on its Flagship's Duparquet Project, were Clifton has started a PEA study, due at the end of 2012.

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.

[ernestokg]

Das war es wohl mal wieder !

Denke trotzdem nicht daran meine shares zu verscherbeln !

[rolleg]

Antwort auf Beitrag Nr.: 43.684.839 von ernestokg am 05.10.12 21:46:32

Sorry, kann Dir nicht folgen. War hier schon zweimal investiert und bin insgesamt mit +- 0 raus - ist aber schon lange her. Naja, heute gehts mal wieder runter. Grundsätzlich halte ich CFO für interessant, aber ein Invest in Explorer ist immer mit sehr hohen Risiken behaftet (das wird Dir nicht neu sein). Im Moment interessiert sich scheinbar fast niemand für den Wert - es gibt ja viele viele andere... Die aktuelle Bewertung erscheint mir allerdings tatsächlich viel zu niedrig zu sein.

Warum Osisko hier ausgestiegen ist und rund (wenn ich mich recht erinnere) sogar noch ca. 20 mio CAD "verschenkt" hat, verstehe ich bis heute nicht.

Quote for Clifton Star Resources Inc. (CFO:CA)
$ 0,95 RT -0,07 (-6.86%) Volume: 86,4 k 15:55 EDT 05.10.2012


CFO interessiert mich, ist aber nur noch auf Watch.

Gruss
rolleg

[ernestokg]

Vermute mal der akt. Rückgang hat weniger mit Clifton zu tun , sondern vielmehr damit, dass man derzeit in Amerika an allen Ecken die Bürger vor einer Rezession warnt ( damit der Gegner des Pr. gewählt wird )
Bin halt jetzt wieder auf meinem Einstands-Niveau, was soll es !

[ooy]

Antwort auf Beitrag Nr.: 43.697.238 von ernestokg am 10.10.12 12:04:33

Habe heute auch ein paar gekauft...

[Kongo-Otto]

Antwort auf Beitrag Nr.: 43.697.292 von ooy am 10.10.12 12:17:26

dito



jetzt ist die Frage: Legt man sich XMET gleich dazu?
Gute NI-Resource für ne MK von 4,23M CAD.....

[Kongo-Otto]

[Kongo-Otto]

vielleicht bringt es was:

[Kongo-Otto]

Clifton Star Announces Exploration Results at Duparquet, Including 1.29 g/t Au Over 26 m

http://finance.yahoo.com/news/clifton-star-announces-explora…

[...]

All of the drill holes listed in this press release were completed after the closing date and therefore will not be included in the new resource estimate, on which the upcoming PEA will be based.

Drill Highlights include:

-- Hole CD12-07 with 26.0 meters grading 1.29 g/t Au (Exploration - Outside Pit Shell)
-- Hole D12-13 with 4.0 meters grading 5.86 g/t Au (Exploration - Outside Pit Shell)
-- Hole D12-15 with 4.1 meters grading 5.94 g/t Au (Exploration - Outside Pit Shell)
-- Hole D12-18 with 2.7 meters grading 4.40 g/t Au (Exploration - Outside Pit Shell)
-- Hole D12-27 with 3.0 meters grading 13.12 g/t Au (Exploration - Outside Pit Shell)
-- Hole BD12-17 with 4.5 meters grading 3.10 g/t Au and 5.8 meters grading 2.34 g/t Au (South Zone - Resource)
[...]

[ooy]

Antwort auf Beitrag Nr.: 43.742.092 von Kongo-Otto am 23.10.12 15:23:33

Weiter klasse...

[Kongo-Otto]

Antwort auf Beitrag Nr.: 43.742.674 von ooy am 23.10.12 17:09:30

Sehe ich auch so.
Nur schade, dass diese Meldung in solch ein negatives Börsenumfeld platzt...

[Kongo-Otto]

Clifton Star Resources Announces Brokered Flow-Through Private Placement

http://finance.yahoo.com/news/clifton-star-resources-announc…

[...]
The Company will issue up to 2,400,000 flow-through shares (each, a "Flow-Through Share"), at a price of $1.25 per Flow-Through Share for gross proceeds of $3,000,000.
[...]

[ooy]

Antwort auf Beitrag Nr.: 43.771.600 von Kongo-Otto am 31.10.12 17:48:38

30% ueberm Aktienkurs, sehr schoen...

[Kongo-Otto]

Antwort auf Beitrag Nr.: 43.774.586 von ooy am 01.11.12 13:54:50

Clifton Star Resources Announces the Closing of the Brokered Flow-Through Private Placement

http://finance.yahoo.com/news/clifton-star-resources-announc…

[ooy]

Antwort auf Beitrag Nr.: 43.820.944 von Kongo-Otto am 14.11.12 02:10:01

Hammerhart, mehr verkauft als erwartet, und das mehr als 30% ueberm Aktienkurs...

[Kongo-Otto]

Clifton Star Resources president and CEO Michel Bouchard has confirmed that the company has sent the official demand to Osisko for the loan of $22.5 million. I have not seen a press release by either company.

From the October, 2012 MD&A:

On June 16, 2011, Osisko notified the Company of its decision to terminate its participation in the Project. However, Clifton still has the right to access a loan of $22.5 million from Osisko on or before December 1st, 2012, for the payment to the property vendors. If Clifton were to access the funds, the Company would have the right to retire the loan (plus interest at a rate of 5%) based on the issuance of shares of Clifton to Osisko at a price of $3.12 per share for the principal and at market price for the interest.

http://www.stockhouse.com/bullboards/messagedetail.aspx?p=0&…

[rolleg]

Clifton Star Announces New Drill Results From the Duparquet Project Including 3.51 g/t Au Over 18.9 m and 4.77 g/t Au Over 14.1m
http://app.quotemedia.com/quotetools/newsStoryPopup.go?story…

[Kongo-Otto]

Antwort auf Beitrag Nr.: 43.887.184 von rolleg am 03.12.12 21:19:52

http://www.canadianinsider.com/node/7?menu_tickersearch=CFO+…

[Kongo-Otto]

was geht denn heute ab?

Fast -14%!

[ooy]

Antwort auf Beitrag Nr.: 43.936.806 von Kongo-Otto am 17.12.12 19:56:03

Finde nix, habe gekauft...

[Kongo-Otto]

Antwort auf Beitrag Nr.: 43.937.238 von ooy am 17.12.12 21:38:44

dito²..

[Kongo-Otto]

Antwort auf Beitrag Nr.: 43.937.238 von ooy am 17.12.12 21:38:44

da waren wir wohl gestern zu früh dran.

irgendwie beschleicht mich das Gefühl, dass irgendwas Negatives kommt.
Das Volumen ist recht hoch bzw. war gestern nicht zu verachten.

Schaut man sich die Verkäufer oder Käufer an, so sehe ich aber auch kein Muster, dass jemand großflächig werfen würde oder sammeln würde...

Naja, lassen wir uns überraschen.

[ooy]

Antwort auf Beitrag Nr.: 43.941.259 von Kongo-Otto am 18.12.12 19:35:32

Schoen:

$0.830 Dec 25, 2012, 1:19 AM EST Change: 0.120 (+16.90%)

[Kongo-Otto]

Clifton Star Retains Mr. Louis Morin as Consultant for Investor Relations

http://finance.yahoo.com/news/clifton-star-retains-mr-louis-…

[...]
Louis Morin is a specialist in Investor Relations with more than 25 years of experience with the Canadian public markets. His specialty is to increase the visibility of small cap enterprises in the Canadian financial community. Mr. Morin is based in Montreal, Quebec, Canada.

In consideration of the services to be provided, the Corporation has agreed to pay a monthly retainer of $6,000 to Louis Morin over the six month contract period.[...]

[Kongo-Otto]

Clifton Star Announces Positive PEA Study on Duparquet Project

http://finance.yahoo.com/news/clifton-star-announces-positiv…

[...]
The PEA Study was prepared as an open pit mining project relating solely to the mineral resources located on the Duparquet Property, situated in north-western Quebec, 50 kilometres by road to the north of the mining town of Rouyn-Noranda. The pre-production capital costs and sustaining costs for the Duparquet Project are estimated, respectively, at $370 million and $144 million, excluding $22.6 million for closure costs. The average operating cash cost is estimated at US$726 per ounce of gold.

The financial analysis, using a gold price of US$1,472 per ounce, indicates a pre-tax net present value ("NPV") (using a 5 % discount rate) of $382 million, with a pre-tax internal rate of return ("IRR") of 19.5% and a payback period of 4.2 years. Sensitivity analysis indicates a pre-tax NPV (5% discount rate) of $621 million, with an IRR of 27.6%, and a payback period of 2.95 years at a gold price of US$1,700 per ounce.

A new NI 43-101 resource estimate was prepared for the PEA by InnovExplo (see hereafter), and was used to develop an open-pit mining plan resulting in 1.67 million ounces of gold. The mine plan was designed for a nominal 8,000 tonne-per-day operation, with an average stripping ratio of 5.52 and a life of mine (LOM) of 16 years. Average yearly gold production for the first 5 years is 144,800 ounces, and the first 10 years average is 132,200 ounces. For the LOM a yearly average of 104,400 gold ounces is predicted.
[...]

[Kongo-Otto]

Antwort auf Beitrag Nr.: 44.023.641 von Kongo-Otto am 15.01.13 14:13:40

auf den ersten flüchtigen Blick haut es mich nicht um.. IRR, NPV etc. könnten besser sein imho.

Aber vielleicht kann man bis zur PFS noch was rausholen:

[...]
Following the positive outlook of the PEA, InnovExplo recommends that the Duparquet Project be advanced to the next phase, which would consist of the preparation of a Pre-Feasibility Study.

In order to advance to the pre-feasibility stage, additional definition drilling is recommended to continue to upgrade the resource categories.

Additional metallurgical bulk tests are also recommended to further define the flow sheet of the ore treatment, and to also examine the possibility of producing a saleable concentrate. This concentrate could be sold to smelters, thereby eliminating the POX part of the milling, could imply significant Capex and Opex reduction for the project, and increase the rate of returns.

Additional geotechnical and hydrogeological studies should be undertaken for the proposed site buildings, tailing management facility, and to better define and ideally steepening the pit wall slopes from those presented in the report.

As well, Stavibel recommends starting permitting and social outreach to present the project to the communities, while at the same time characterizing fully the mining project environment.

It is recommended that negotiations with Hydro-Quebec be initiated to advance the work for installation of the power line.

[...]

Cost Estimate - Pre-Feasibility Study
Items Cost
($)
Budget for 2013
Definition drilling 2,500,000
Metallurgical test work 1,100,000
Geotechnical and hydrogeological testwork 1,125,000
Community Presentationsand permitting 518,000
Resources update & Pre-feasibility report (2013) 300,000
Sub-total 5,543,000
Contingency 20% 1,107,000
Total 2013 6,650,000

Budget for 2014
Resources update & Pre-Feasibility report 200,000
Community Presentations+ permitting 904,000
Sub-total 1,104,000
Contingency 20% 246,000
Total 2014 1,350,000

TOTAL 2013-2014 8,000,000

[Kongo-Otto]

Tuesday, January 15, 2013
Research Spotlight

Clifton Star Resources Inc. (CFO-TSXV)1
Speculative Buy.Target:$5.96


January 14/13 closing price: $0.87

Michael Fowler, M.Sc MBA

416-964-4440

Clifton Star Tables A Robust PEA- IRR Of 15.4%-- Positive: The company announced the results of a PEA study, which was overseen by InnovExplo. The study considered an open-pit scenario relating to the mineral resources at Duparquet. The highlights of the study were as follows:
· Average yearly production of 104,400 ounces with the first 5 years averaging 144,800.
· Average cash cost is estimated at US$726 per ounce.
· Mine life is 16 years.
· Pre-production capital cost of $370 million.
· Recovered gold is 1.67 million ounces.
· Mine recovery is 90.9% and the hard rock mill recovery is 93.9%. Dilution is estimated at 10%.
· Gold price used US$1472 per ounce. Pre-tax NPV (5% discount rate) is $382 million and IRR is 19.5%. Post tax it is 15.4%.
· At US$1325 the pre-tax IRR falls to 13.8%- still economic.
· Process recovery utilizes a pressure oxidation circuit.
· The underground resources were not considered.
· Total measured and indicated resources are estimated at 2.4 million ounces grading 1.62 g/t. Inferred resources totaled 1.47 million ounces grading 1.43 g/t. Cut-off grades are 0.45 g/t open pit and 2 g/t underground.

The press release indicates that this is a comprehensive study and importantly the measured and indicated component is approximately 70% of the resource base, which is much higher than typical PEA studies. This indicates that the confidence of the resource base is high. In addition the measured and indicated resource base has increased by 40% over the last resource update in July 2012. The bottom line is that these are positive results and the study should interest the attention of other mining companies in seeking acquisitions or joint ventures.
The stock is inexpensive; trading at a resource EV/oz of $21(includes option payments). If we just took the NPV from the study, this number would equate to $10 per share of value. We have a speculative buy on the stock with a $5.96 per share price target.

http://www.stockhouse.com/bullboards/messagedetail.aspx?p=0&…

meiner Meinung nach ein sehr ambitioniertes Kursziel!
Da müsste man dieses Jahr ein bombiges Bohrprogramm hinlegen und die PFS müsste imho einige Verbesserungen bzgl. IRR etc. hervorbringen!

Andere Meinungen zur PEA etc.?

[ooy]

Antwort auf Beitrag Nr.: 44.030.372 von Kongo-Otto am 16.01.13 20:43:42

Finde ich auch sehr optimistisch, allerdings ist das jetztige Niveau ebenfalls uebertrieben in die andere Richtung, die Werte sind naemlich aeusserst vielversprechend und sprechen fuer sich und die Firma...

[Kongo-Otto]

Jan 16/13 Jan 16/13 Bouchard, Michel Indirect Ownership Common Shares 10 - Acquisition in the public market 7,000 $0.950

http://canadianinsider.com/node/7?ticker=CFO

[Kongo-Otto]

Jan 17/13 Jan 15/13 Nolan, Philip Patrick Joseph Indirect Ownership Common Shares 10 - Acquisition in the public market 3,500 $0.880

http://canadianinsider.com/node/7?ticker=CFO

[JamesMcFly]

Hallo,

die PEA ist nicht schlecht. Opex ist jedoch recht hoch. Ist auf Schwierigkeiten beim processing zurückzuführen. Gold ist nämlich "refractory". Daher können hier noch weiter negative Überraschungen beim opex kommen. Bin auf die nächsten metallurgy Ergebnisse gespannt.
Weiter Unzen kommen wohl nicht dazu, Bohrergebnisse waren unter cutoff.

Ansonsten eine interessante Story. Gute Aktienstruktur und ein nettes Deposit.

JMF

[Kongo-Otto]

Antwort auf Beitrag Nr.: 44.039.152 von JamesMcFly am 18.01.13 19:48:38

danke dir für deine Analyse!
den Cut-Off mit den letzten Bohrergebnissen zu vergleichen hatte ich ganz übersehen.

Man darf gespannt sein, was beim angekündigten Resourcen-Update rauskommt bzw. ob dies dann verwertbar ist.

[JamesMcFly]

Antwort auf Beitrag Nr.: 44.039.866 von Kongo-Otto am 18.01.13 22:49:43

nichts zu Danken. Schau mir dei PEA die Tage nochmals genauer an.

Bin zufällig über diesen Wert gestoßen und wen seh ich da, King Otto. Zurzeit laufen wir uns ja häufiger über den Weg

Schönen Abend.

JMF

[Kongo-Otto]

Jan 21/13 Jan 21/13 Nolan, Philip Patrick Joseph Indirect Ownership Common Shares 10 - Acquisition in the public market 57,500 $0.880
Jan 21/13 Jan 18/13 Nolan, Philip Patrick Joseph Indirect Ownership Common Shares 10 - Acquisition in the public market 4,000 $0.880

http://canadianinsider.com/node/7?ticker=CFO

[Kongo-Otto]

[ooy]

TGR: In a February 2011 research report you rated Clifton Star Resources Inc. (CFO:TSX.V; C3T:FSE) a spec buy at $11/share. Your target price is now $5.96/share. That is a dramatic shift in two years. Is that representative of how things have changed in 24 months?

MF: We had a feeling that Clifton Star's resource was going to be a lot bigger than it turned out to be. In 2009, Osisko Mining was involved and the thinking was that the deposit would resemble the Malartic deposit in Québec, a 10 million ounce plus (Moz) bulk-tonnage deposit. While Clifton Star has a very good deposit, it is more specific and focused, probably in the region of 4–5 Moz.

There also is some risk aversion built into the target price due in part to the global debt problems.

TGR: Clifton Star recently tabled a preliminary economic assessment (PEA) on its Duparquet deposit in Québec. It has an internal rate of return of 15.5%. Does that seem low to you?

MF: It is a good number. The PEA was done fairly conservatively. A lot of drilling backs up that data. A 15% after-tax return on something with a high degree of confidence, in a good jurisdiction like Québec, is a good number. I would say that anything above 10% in Québec is a good number.

TGR: Did anything in the PEA surprise you?

MF: Not really. The resource was close to 4 Moz gold and Clifton Star will recover only about 1.7 Moz, so there is a slight difference there. Some of the ounces included in the resource are in the town of Duparquet, under a golf course. Those were not included in the PEA, which in my mind is fairly conservative for a scoping study or a PEA.

http://www.theaureport.com/pub/na/14962?utm_source=delivra&u…

[Kongo-Otto]

Clifton Star Announces Final 2012 Drilling Results from the Duparquet Project Including 3.21 g/t Au Over 24.8m and 2.15 g/t Au Over 39.0m

http://finance.yahoo.com/news/clifton-star-announces-final-2…

[wilderness2]

Ein paar auf der 0.76 Cad eingetütet! Enger SL!

[Kongo-Otto]

Clifton Star Produces High Grade Gold Concentrates From the Duparquet Project for Possible Toll Smelting

http://finance.yahoo.com/news/clifton-star-produces-high-gra…

[ooy]

Clifton Star Resources Inc.
TICKER: CFO:TSX.V; C3T:FSE
Clifton Star Resources Inc. is a junior mining exploration company with a focus on six properties that have had historic production of gold, silver, copper and nickel. The company's portfolio consists of seven properties, six of them near the Porcupine-Destor Fault in Quebec, … read moreone on the Manitoba-Ontario border, and all in Canada. hide


--------------------------------------------------------------------------------


The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.

Expert Comments:
Michael Fowler, Loewen, Ondaatje & McCutcheon (3/28/13) "Clifton Star Resources Inc. announced the results of some metallurgical studies that indicate a potentially positive alternative processing method to that which was suggested in the PEA study tabled on January 13, 2013. The study indicates that if the deposit was processed by a floatation circuit in the mill, a concentrate could be produced which would have gold grades between 39 g/t and 84 g/t. . .the savings, particularly in the capital cost of the project, would be $157.5M. . .the stock is inexpensive, trading at a resource EV/oz of $20."

Killian Charles, Industrial Alliance Securities (3/28/13) "Clifton Star Resources Inc. announced results from preliminary metallurgical test studying Duparquet ore's amenability to producing a high-grade concentrate (1+ oz/t Au). . .the six gold concentrates produced by SGS Minerals grade between 39 g/t to 84 g/t Au after a single stage of flotation. . .producing and selling a gold concentrate would eliminate the need for a pressure oxidization plant and associated capital and operating costs. . .we believe this alternative could prove highly beneficial to the company. . .we are confident the impact to the project will be positive."

Killian Charles, Industrial Alliance Securities (2/20/13) "Clifton Star Resources Inc. is fully financed and ready to take charge in 2013. . .we believe that the company will delineate over 4 Moz after its next exploration campaign. The deposit remains open along strike and at depth. . .we are initiating coverage of Clifton Star with a Speculative Buy rating."

Michael Fowler, Loewen, Ondaatje & McCutcheon (2/15/13) "Clifton Star Resources Inc. reported drill results from the Duparquet project. . .the results show about 50% of the holes are potentially economic, which is positive. . .some of the highlight intersections include: 24.8m grading 3.21 g/t gold and 39m grading 2.15 g/t gold. . .the stock is inexpensive. . .the recent PEA showed a robust IRR of 15.4% after-tax with room for improvement from increasing resources and process optimization."

Andrew Mikitchook, GMP Securities (2/13/13) "Clifton Star Resources Inc. released a PEA for its Duparquet gold project in Quebec. The PEA outlined an open pit, 104,400 oz/year operation (average over life of mine) for $370M of capex with $726/oz operating costs. . .overall the PEA results are positive with the main takeaway being that the PEA level consisting of a pressure oxidation autoclave circuit does not appear prohibitive. . .the grade at Duparquet (1.88 g/t) in the first 10 years is the most positive surprise from the PEA as it leaves significant margin to offset construction and operation of the POX circuit."

http://www.theaureport.com/pub/co/588?utm_source=delivra&utm…

[ooy]

Mar 27/13 Mar 27/13 Bouchard, Michel Indirect Ownership Common Shares 10 - Acquisition in the public market 5,000 $0.700

Mar 19/13 Mar 19/13 Bouchard, Michel Indirect Ownership Common Shares 10 - Acquisition in the public market 3,000 $0.700

Mar 6/13 Mar 6/13 Bouchard, Michel Indirect Ownership Common Shares 10 - Acquisition in the public market 5,000 $0.800

Mar 6/13 Mar 6/13 Bouchard, Michel Direct Ownership Common Shares 10 - Acquisition in the public market 2,000 $0.830

Feb 15/13 Feb 15/13 Bouchard, Michel Indirect Ownership Common Shares 10 - Acquisition in the public market 5,000 $0.920

[Kongo-Otto]

Antwort auf Beitrag Nr.: 44.387.321 von ooy am 08.04.13 18:45:49

Heute könnte ein guter Tag zum Kaufen sein, bei 0.52CAD.

[ooy]

Antwort auf Beitrag Nr.: 44.387.517 von Kongo-Otto am 08.04.13 19:13:06

Habe ich auch getan...

[ernestokg]

und ich hätte beinahe gestern auch gekauft !

Allerdings ärgerte ich mich derart über meine am Mi gekauften SSRI so dass ich es bleiben lies.

Langte eben zu !

[Kongo-Otto]

haben die eigentlich gekifft?



Clifton Star Resources Grants Stock Options

http://finance.yahoo.com/news/clifton-star-resources-grants-…

Clifton Star Resources Inc. ("Clifton Star" or the "Corporation") (TSX VENTURE:CFO)(C3T.F) reports that it has granted 725,000 stock options to the directors and President. The options were granted according to the Option Plan of the Corporation.

The incentive stock options granted replace a similar number of incentive stock options that had been granted in the past and that recently expired unexercised. All the incentive stock options granted are exercisable at a price of $0.85 per share which represents a premium to the closing price ($0.44/share) on the grant date. The incentive stock options are exercisable for a period of five years from the date of the grant (April 15, 2013).

[ooy]

Antwort auf Beitrag Nr.: 44.449.825 von Kongo-Otto am 17.04.13 12:38:10

Finde ich gut, die glauben daran, daher der Aufschlag...

[Kongo-Otto]

Antwort auf Beitrag Nr.: 44.450.013 von ooy am 17.04.13 12:58:16

der Aufschlag ist gut und mit dem Kurs könnte ich auch leben (bin ja damals am selben Tag reingehüpft wie du).
Ich finde die Summe von 725 000 Shares schlichtweg sehr hoch!

[ooy]

Antwort auf Beitrag Nr.: 44.450.121 von Kongo-Otto am 17.04.13 13:11:57

Naja, wenn die die ausueben ist es mir gerade Recht, da ich momentan immer noch kaufe...

[ooy]

Expert Comments:
Michael Fowler, Loewen, Ondaatje & McCutcheon (3/28/13) "Clifton Star Resources Inc. announced the results of some metallurgical studies that indicate a potentially positive alternative processing method to that which was suggested in the PEA study tabled on January 13, 2013. The study indicates that if the deposit was processed by a floatation circuit in the mill, a concentrate could be produced which would have gold grades between 39 g/t and 84 g/t. . .the savings, particularly in the capital cost of the project, would be $157.5M. . .the stock is inexpensive, trading at a resource EV/oz of $20."

Killian Charles, Industrial Alliance Securities (3/28/13) "Clifton Star Resources Inc. announced results from preliminary metallurgical test studying Duparquet ore's amenability to producing a high-grade concentrate (1+ oz/t Au). . .the six gold concentrates produced by SGS Minerals grade between 39 g/t to 84 g/t Au after a single stage of flotation. . .producing and selling a gold concentrate would eliminate the need for a pressure oxidization plant and associated capital and operating costs. . .we believe this alternative could prove highly beneficial to the company. . .we are confident the impact to the project will be positive."

Killian Charles, Industrial Alliance Securities (2/20/13) "Clifton Star Resources Inc. is fully financed and ready to take charge in 2013. . .we believe that the company will delineate over 4 Moz after its next exploration campaign. The deposit remains open along strike and at depth. . .we are initiating coverage of Clifton Star with a Speculative Buy rating."

Michael Fowler, Loewen, Ondaatje & McCutcheon (2/15/13) "Clifton Star Resources Inc. reported drill results from the Duparquet project. . .the results show about 50% of the holes are potentially economic, which is positive. . .some of the highlight intersections include: 24.8m grading 3.21 g/t gold and 39m grading 2.15 g/t gold. . .the stock is inexpensive. . .the recent PEA showed a robust IRR of 15.4% after-tax with room for improvement from increasing resources and process optimization."

Andrew Mikitchook, GMP Securities (2/13/13) "Clifton Star Resources Inc. released a PEA for its Duparquet gold project in Quebec. The PEA outlined an open pit, 104,400 oz/year operation (average over life of mine) for $370M of capex with $726/oz operating costs. . .overall the PEA results are positive with the main takeaway being that the PEA level consisting of a pressure oxidation autoclave circuit does not appear prohibitive. . .the grade at Duparquet (1.88 g/t) in the first 10 years is the most positive surprise from the PEA as it leaves significant margin to offset construction and operation of the POX circuit."

http://www.theaureport.com/pub/co/588

[ooy]

Apr 18/13 Apr 18/13 Bouchard, Michel Indirect Ownership Common Shares 10 - Acquisition in the public market 10,000 $0.360

[ooy]

Recently I wrote that part of the reason for the recent brutal drop in the stock price is the the choice by Mr. Michel Bouchard and the board of directors to do a private placement on a flow-through basis. http://www.cfo-star.com/wp/clifton-star-resources-announces-…

Those 2,760,000 shares of flow-through private placement stock became free trading on 14 March. Clifton Star has dropped about 55% in one month. The stock price dropped from .78 to as low as .35 today. Do the math. Of course, part of this is due to the poor market conditions during this time. The other part is due to so many flow-through shares becoming free trading at the same time. It is simple supply and demand. If there is a huge wall of stock for sale of a thinly-traded stock, the price will go down.

Now we see that the CEO and the board of directors have awarded themselves 725,000 stock options on 15 April, the exact date of the biggest one day drop of the gold price in history. Awarding themselves stock options at this time appears tasteless and self-serving. Management should be avoiding even the appearance of wrong-doing. What are they showing they are most focused on - the falling stock price or their stock options?

I am completely knackered by these bad decisions which were approved by Mr. Bouchard and the board of directors. How long are you going to rationalise these bad decisions and keep quiet about management's part in the severe erosion of the value of your stock?

Here are the email addresses for you to speak up and tell them exactly what you think of their decision to award themselves stock options, and their decision to issue millions of shares on a flow-through basis. While you're at it, tell them all exactly what you think of their bolloxed negotiations with Osisko. As shareholders we all deserve better communication about this.

I recommend that any correspondence be sent to all email addresses simultaneously:

Mr. Michel Bouchard, president/CEO [e-mail]

Ross Glanville, director [e-mail]

Philip Nolan, director [e-mail]

Peter Gundy, director (cannot find email address. Try using [e-mail])

Yves Harvey, director (cannot find email address. Try using [e-mail])


Read more at http://www.stockhouse.com/bullboards/messagedetail.aspx?p=0&…

[ooy]

Etwas aelter:

http://www.theaureport.com/pub/video/1-28-13CFOpearesults.ht…

[ooy]

Clifton has suffered from a triple waterfall decline, to use Donald Coxe's phrase.

First, when Osisko pulled out there was a sell off.

Second, the cease trade order precipitated another sell off.

Third, the huge sell off in all gold stocks instigated by gold price malaise and what i believe are certain manipulations.Clifton has followed the market in this.

So we are way down. But all gold stocks are way down.

You ask why hasn't CFO been taken over? Why havn't KGI, RMX,PVG et cetera been taken over?Why wasn't Osisko taken over in 2008 when it was worth $1.90 and a fraction of outstanding share count?

Major golds are in a retrenchment mode. They have overextended themselves and are not in the mood for further acquisitions.

Cfo is risky, all junior golds are risky, all mining is risky. But with every improvement in metallurgy, with every extra ounce of gold they delineate and with every surge in the gold price the project is derisked and made more viable.

No, i am not a family member or company associate. On my honour. I am a bit of an educated bum to be perfectly honest. I think our financial system is in grave danger and our civilization is consequently on the edge of the abyss.

Whats your motivation?


Read more at http://www.stockhouse.com/bullboards/messagedetail.aspx?s=CF…

[ooy]

Auch interessant:

Corporate Presentation (3/1/13)

http://www.theaureport.com/pub/co/588

[ooy]

03/28/13 Clifton Star Resources Andrew Mikitchook FLASH

Clifton Star Resources (CFO-V)
BUY
Last: $0.69
Target: $1.75

Potential for Significant Capex Savings from Concentrate Production

Event: Floatation testing suggests potentially saleable concentrate

• Clifton Star has announced the results of a study on the production of high grade gold concentrate from mineralization at the Duparquet project. Six samples were treated with locked cycle cleaner floatation to produce a gold concentrate.
• These tests were completed to evaluate the viability of producing a gold-bearing sulphide concentrate for toll smelting to eliminate the need of operating a POX circuit at Duparquet (evaluated in the PEA).
• Gold concentrate grades ranged between 39g/t and 84g/t. Sulphur grades ranged between 21% and 36%. Such grades appear amendable to toll smelting at copper operations. Resulting gold recoveries averaged 89.6% vs. 93% with use of POX. Arsenic contents averaged 1.1% which is above the no-penalty 0.4% usually set by smelters but may still be at saleable levels.
• The production of the high grade concentrate would potentially allow for lower capital and operating costs at Duparquet. In the PEA, $158mm out of a total of $270mm of capex was allocated to the POX circuit. Not operating a POX circuit would also offer costs savings with $6.67/tonne of opex in the PEA attributed to the POX out of the $36.65/tonne total from the PEA.
• The company has commenced a pre-feasibility on Duparquet. A section of the study will look at the potential benefits of the two processing streams.
• In the past few months, the company has extracted a 12 tonne sample of Duparquet mineralization that has been sent for metallurgical and environmental testing ahead of the PFS. This test work will involve a pilot plant testing for POX viability as well as for production of high grade concentrate. The testing is expected to be completed in Q2 2013.
• The company will contact smelting companies as well as commodity brokers to determine the level of interest in the toll treatment of concentrate.

Impact: Slight positive

• The potential for toll smelting of gold concentrate from Duparquet presents an opportunity for capital and operating cost savings – the POX circuit comprised ~60% of the $270mm Duparquet capex outlined in the PEA and ~20% of the open pit $/tonne operating costs.
• The company is completing additional testwork and will inquire into the level of interest in the toll treatment of concentrate.

Recommendation: Maintain BUY, $1.75 target
Read more at http://www.stockhouse.com/bullboards/messagedetail.aspx?s=CF…

[ooy]

Clifton Star Resources Inc. (CFO:TSX.V; C3T:FSE) ties right back in to that, too. The company has an old asset that's been looked at a number of times. The previous management team didn't do too much; it just kept it going. At a certain point, it may have overpromised and was halted by the British Securities Exchange Commission.

Now, there's a whole new team that is serious about the project. In a span of 12–18 months, the new team has been able to complete a new resource, put out a PEA and advance toward a prefeasibility study. This group can properly bring the project closer to fruition.

Clifton's project is very similar to Aurizon Mines Ltd.'s (ARZ:TSX; AZK:NYSE.MKT) Joanna project, except Clifton's project benefits from having a higher grade and lower strip ratio. Clifton's project is close to a community but the current mine plan doesn't require anyone to move.

TGR: Clifton will produce a gold concentrate at its Duparquet project in Québec. That could be a game changer for that project. But first we have to determine if there's a smelter that's willing to take the gold concentrate. Does that exist?

KC: That's my No. 1 question right now. It's not going to be easy. Clifton will have to market its final product around. A smelter might say, "You know? The gold content is very, very high, but the arsenic content—you're going to have to pay a penalty for it." Clifton Star is currently in the stages of taking a bulk sample and it's going to produce a product that it hopes to market to different smelters across the world

http://www.theaureport.com/pub/na/15175?utm_source=delivra&u…

[ooy]

Geht halt gerade gar nix...

Clifton Star Resources Inc. (CFO)

Exchange: TSX Venture Exchange

$0.370 Apr 23, 2013, 10:07 AM EDT Change: -0.020 (-5.13%) Volume: 10,000

[ooy]

Ganz schoen eng, auf 0,30 koennte es durchaus noch gehen:

BID Orders Volume Price Range
6 28,000 0.320-0.370
ASK Price Range Volume Orders
0.390-0.450 107,000 6

[ooy]

yes i am annoyed by the options. but they are entitled legally. i guess they see an opportunity to make some cash. All they have to do is announce they have a smelter agreement and they'll be way in the money.

I tell you any smelter in China would happily take that concentrate right now. In a year or two any smelter in the world will take it when gold does its thing.

its crazy. how low will we go? down to cash levels? We are trading as if we had 100 mil. in debt. Not the case.


Read more at http://www.stockhouse.com/bullboards/messagedetail.aspx?p=0&…

[Kongo-Otto]

wenn nicht gerade schlechte News in der Pipeline sind, dann sollte es die Tage endlich mal zu einer fetten Gegenreaktion beim Kurs kommen!
Die anderen Goldwerten sind gestern schon hoch, während CFO unter leicht erhöhtem Volumen ordentlich abgegeben hat.

Würde also heute oder morgen mit einem kleinen Sprung von etwa 5-10% nach oben rechnen.
Die Indikatoren würden es zumindest hergeben.....

[ooy]

Antwort auf Beitrag Nr.: 44.508.189 von Kongo-Otto am 25.04.13 06:27:12

Ist fuer mich auch ein schlechter Witz, der Kurs, kann eine Riesenchance sein...

[Kongo-Otto]

Clifton Star Announces Drilling Results from the Duparquet Project Including 2.11 g/t Au over 24.1 m, 1.54 g/t Au over 51.0 m, and 1.13 g/t Au over 90.0 m

http://finance.yahoo.com/news/clifton-star-announces-drillin…

Nebenei bemerkt:
[...]
The Pre-Feasibility report is expected to be released in Q1 of 2014.

Clifton is pleased with the current drill results, and is continuing its drill program for 2013 with the goal of upgrading and expanding the current resources. An updated resource estimate is underway, and results will be released at the end of Q2.[...]

[ooy]

Antwort auf Beitrag Nr.: 44.621.901 von Kongo-Otto am 13.05.13 15:54:00

Finde die Werte ausserordentlich gut - was meint Ihr dazu??

[Kongo-Otto]

Antwort auf Beitrag Nr.: 44.623.165 von ooy am 13.05.13 18:06:57

sehe ich auch so, da die Ergebnisse wohl dazu beitragen könnten, dass man die In-Pit-Area vergrößern kann, wenn ich es richtig sehe (Beattie in Richtung Süden und Donchester in die Tiefe).
In-Pit-Cut-Off liegt bei >0.45g/t und dies wurde meist übertroffen!

Ich hoffe ja immer noch, dass man beim Ressourcen Update einiges von Inferred zu Indicated "rüberbringt".

Wobei ich auch davon ausgehe, dass man aufgrund des schwachen Goldpreises den Cut-Off auf mind. ~0.6g/t hochsetzen muss (was in Folge das ohnehin sehr mässige Strip-Ratio von 5.52:1 noch verschlechtern wird)!

[ooy]

Antwort auf Beitrag Nr.: 44.623.381 von Kongo-Otto am 13.05.13 18:34:36

Danke fuer die schnelle Antwort...

[ooy]

Wurde auch Zeit:

May 16/13 May 16/13 Bouchard, Michel Indirect Ownership Common Shares 10 - Acquisition in the public market 10,000 $0.295

[Kongo-Otto]

Clifton Star announces Drill Results from the Duparquet Project Including 7.06 g/t Au Over 6.0 m and 1.46 g/t Au Over 19.0 m.

http://finance.yahoo.com/news/clifton-star-announces-drill-r…

Bohrergebnisse im Detail:
http://www.cfo-star.com/wp/wp-content/uploads/2013/06/Table-…

[...]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. [...]

________________________________

Meine Meinung zu den Bohrergbenissen:
Ich finde die Abschnitte recht kurz, aber dafür meist recht oberflächennah, so dass es In-Pit sein sollte.
Die tieferen Abschnitte, welche man zu Underground rechnen kann, sind wohl zu vernachlässigen, da man in der PEA vom Januar für das Underground-Mining bereits ein Cut-Off von >2g/t angenommen hat. Und dies bei einem Goldpreis von 1472$/oz!

Bin eh mal auf das Ressourcen-Update und die PFS gespannt.
Strip-Ratio von 5.52:1, CAPEX von 270M$ und after-tax IRR von 15.4% waren ja jetzt nicht die Killerwerte...

Andere Meinungen?

[Kongo-Otto]

Antwort auf Beitrag Nr.: 44.801.089 von Kongo-Otto am 06.06.13 17:43:37

oh, es hat sich ein Fehlerteufel eingeschlichen:

CAPEX ist 370M$ und nicht 270M$!

Sorry!

[ooy]

Clifton Star Drills 5.64 g/t Au Over 34.0 m, Including 8.36 g/t Au Over 11.7 m and 7.21 g/t Au Over 7.5 m, at the Duparquet Project




QUEBEC CITY, QUEBEC--(Marketwired - June 19, 2013) - Clifton Star Resources Inc. ("CFO" or "Clifton") (TSX VENTURE:CFO)(FRANKFURT:C3T) is pleased to announce the assay results for an additional 7 drill holes from its 2013 Duparquet Project drill program. Clifton Star continues to obtain good assay results from its ongoing drill program on the Duparquet Project.

The drill holes listed in this press release will not be included in the upcoming resource estimate update, as they were completed after the May 6 th cut-off date.

Drill Highlights include:
•Hole BD13-22 with 34.0 meters grading 5.64 g/t Au (North Zone), including 11.7 metres grading 8.36 g/t Au and 7.5 metres grading 7.21 g/t Au.


•Hole D13-18 with 5.0 meters grading 5.58 g/t Au (South Zone), including 2.5 metres grading 9.45 g/t Au


•Hole CD13-12 with 6.0 meters grading 2.16 g/t Au (CD Zone)



Diamond Drilling Program

Clifton continues to delineate and increase the resources in the Duparquet Project by diamond drilling with 2 drill rigs. The drill results listed in this press release are from shallow (<100m vertical) holes that were drilled within or at the edge of the current pit shell in order to increase our confidence in the resource. (Click here for Figure 1). The attached table includes the most recent highlights from the 2013 drill program (Click here for Table 1). The true thicknesses of the intersections are typically 60% to 70% of the core lengths.

2013 Activities

Clifton has started a Pre-Feasibility Study on the Duparquet Project that will incorporate the results of the new resource estimate and the Pilot Plant tests.

Clifton has completed its Pilot Plant tests with SGS Minerals in Lakefield, Ontario, and is currently waiting for the final analysis and environmental work on the tailings. These metallurgical tests examined the POX (Pressure Oxidization) flow sheet, as incorporated in the recently released PEA, as well as the potential to produce a High-Grade Gold Concentrates as an alternative process. The High-Grade Concentrate would only involve a flotation process, could be sold to Smelters, and would possibly result in lower Capex and Opex costs for the Duparquet Project. The permitting process would also be simplified. The results of the POX process and High-Grade Concentrate process are expected shortly from SGS Minerals, and will be incorporated into the Pre-Feasibility Study.

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 results of the resampling of 19 holes from the Dumico property. This resource estimate is expected to be available at the end of June 2013.

http://web.tmxmoney.com/article.php?newsid=60940517&qm_symbo…

[ooy]

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

[Kongo-Otto]

Clifton Star Announces a Substantial Increase in the Gold Resource at its Duparquet Project

http://finance.yahoo.com/news/clifton-star-announces-substan…

[...]
Resource Highlights include:

• Total Measured and Indicated Resources have increased to 3.11 million ounces, up 29 %. It represents 68.3% of all resources. Total Inferred resources amount to 1.44 million ounces

• Total Measured and Indicated Resources have increased to 60.88 million tonnes, up 32 %.

• In-Pit Measured and Indicated Resources have increased to 2.67 million ounces, up 38 %. It represents 74.6% of all In-Pit resources. In-Pit Inferred resources total 0.91 million ounces.

• In-Pit Measured and Indicated Resources have increased to 53.23 million tonnes, up 40 %.[...]

[ooy]

Antwort auf Beitrag Nr.: 44.946.943 von Kongo-Otto am 28.06.13 18:01:35

...und der Kurs faellt nur noch, verstehst Du das??

[rolleg]

Antwort auf Beitrag Nr.: 44.947.799 von ooy am 28.06.13 19:34:57

Uff

Quote for Clifton Star Resources Inc. (CFO:CA)
$ 0,22 RT -0,05 (-18.52%) Volume: 449,05k 13:34 EDT 28.06.2013


Also ich verstehe es nicht...

[ooy]

Antwort auf Beitrag Nr.: 44.947.823 von rolleg am 28.06.13 19:37:58

Naja, ich kaufe weiter zu wie der Vorstand, wir werden sehen...

[Kongo-Otto]

Antwort auf Beitrag Nr.: 44.947.799 von ooy am 28.06.13 19:34:57

ich verstehe den ganzen Markt nicht mehr!
Ich finde das waren heute top News! Oder hab ich irgendwas überlesen?

Aber der Kurs fängt sich gerade, bei höllischem Volumen!

Beim aktuellen Kurs von 0.26C$ und fully diluted 41,5 Millionen Shares hat man aktuell eine MK von 11.8MC$!
Dazu 5MC$ Cash!

Bei M&I 3.11MOz entspricht das einer Bewertung von 3.80$ pro Unze!
Bzw., zieht man die 5MC$ noch ab, dann sind es 2.19$/Oz!

Aber gut, man hatte halt bei einem Goldpreis von 14xx$/Oz nur eine Pre-Tax IRR von 19%, wenn ich es richtig in Erinnerung habe.....ob das jetzt besser wäre?

[ooy]

Antwort auf Beitrag Nr.: 44.948.147 von Kongo-Otto am 28.06.13 20:21:53

Ja, mir faellt da auch nix mehr ein, ausser mit Notverkaeufen kann ich mir das auch nicht mehr erklaeren...

[ooy]

Clifton Star Resources Inc. (CFO)

Exchange: TSX Venture Exchange


$ 0.28

Jul 2, 2013, 10:51 PM EDT


Change: 0.04 (16.67%)

Volume: 316,110

[ooy]

JK: Clifton Star Resources Inc. (CFO:TSX.V; C3T:FSE) has the Duparquet project in Québec. This was a high-flying stock promotion several years ago, which was mismanaged. The regulators halted the stock until the company brought on new management.

Clifton Star is an example of a junior looking to change its mining model to mitigate heavy upfront costs. The market perceives it as a relatively high-cost open-pit gold mine that would produce 1.5 Moz over a 10-year period. Based on the PEA published in December 2012, the project as envisioned is marginal at the current gold price. Management is rethinking its mining model, moving from a pressure oxidation unit to simply producing a concentrate for shipment to China for smelting. That could eliminate substantial capital costs and reduce operating costs.

The company still has $9M, which it deems sufficient capital to deliver a prefeasibility study in Q1/14 that incorporates these changes. Clifton Star will not have title until it has made a series of balloon property payments totaling $52M that come due between December 2014 and the end of 2017.

The market is pricing companies like Clifton Star on the premise that current or weaker gold prices will prevail in the foreseeable future. Such companies need to find an audience willing to take the view that within a year gold will be back in an uptrend underpinned by a sustainable narrative that promises higher real gold prices. Once gold has stabilized, these stocks with an overhang should be accumulated at incrementally higher prices that cleans out the hostile, angry shareholder base without attracting algo traders. This is why another year of bear market could be healthy for the sector. It would allow rotation of the audiences for these stocks, so when the uptrend starts, they will accelerate quickly.

http://www.theaureport.com/pub/na/15425?utm_source=delivra&u…

[ooy]

Expert Comments:

Killian Charles, Industrial Alliance Securities (7/9/13) "Clifton Star Resources Inc. released a newly compiled resource estimate for its optioned Duparquet project. The project now contains 3.11 Moz Measured and Indicated (60 Mt at 1.59 g/t) and 1.44 Moz Inferred (29 Mt at 1.51 g/t) both at cutoff 0.45 g/t. . .we are still pleasantly surprised that the overall resource size increased."

The Gold Report Interview with John Kaiser (7/8/13) "Clifton Star Resources Inc. has the Duparquet project in Québec. . .Clifton Star is an example of a junior looking to change its mining model to mitigate heavy upfront costs. Management is rethinking its mining model, moving from a pressure oxidation unit to simply producing a concentrate for shipment to China for smelting. That could eliminate substantial capital costs and reduce operating costs. The company still has $9M, which it deems sufficient capital to deliver a prefeasibility study in Q1/14 that incorporates these changes." More >

Michael Fowler, Loewen, Ondaatje & McCutcheon (7/2/13) "Clifton Star Resources Inc. announced an updated resource estimate for its Duparquet project, which has the following highlights: total Measured and Indicated resources now total 3.11 Moz grading 1.59 g/t gold, up 29%. . .Measured and Indicated resources make up 68% of total resources. The resource base has a high degree of confidence. . .these numbers are positive. . .we continue to rate the stock a Speculative Buy."

Michael Fowler, Loewen, Ondaatje & McCutcheon (6/19/13) "Clifton Star Resources Inc. reported more drill results from Duparquet. . .the best intersection was 34m grading 5.64 g/t gold. The results will not be part of an upcoming resource estimate as they were reported after the May 6th cut-off. . .the company is also waiting on more results of some metallurgical studies that could indicate a potentially positive alternative processing method to that which was suggested in the PEA study tabled on January 13, 2013. A previous study indicates that if the deposit was processed by a floatation circuit in the mill, a concentrate could be produced which would have gold grades between 39 g/t and 84 g/t. . .the stock is inexpensive. . .we continue to rate it a Speculative Buy."

Killian Charles, Industrial Alliance Securities (5/14/13) "Clifton Star Resources Inc. announced results from its 2013 drill program at Duparquet. . .noteworthy holes include BD13-02 (31m at 1.41g/t Au), BD13-03 (90m at 1.13g/t Au) and D13-10 (24m at 2.11g/t Au). . .we emphasize holes BD13-03 and D13-10 as high-grade intercepts immediately below the pit shell. . .overall, the drilling indicates that the confidence level in the new resource should increase substantially. . .we are reaffirming our Speculative Buy rating."

http://www.theaureport.com/pub/co/588?utm_source=delivra&utm…

[ooy]

http://www.stockhouse.com/companies/bullboard/v.cfo/clifton-…

[Kongo-Otto]

Antwort auf Beitrag Nr.: 45.271.311 von ooy am 17.08.13 19:54:28

werde evtl. doch auch nochmal einen Rücksetzer für einen Nachkauf nutzen....

[ooy]

Antwort auf Beitrag Nr.: 45.271.327 von Kongo-Otto am 17.08.13 20:03:20

Habe die Huette unter 0,20 auch ziemlich vollgeladen, ich denke, da werde ich nix mehr bekommen, aber, wer weiss das heutzutage schon...

[Kongo-Otto]

Clifton Star Intersects 2.46 g/t Au Over 18.5 m and 2.50 g/t Au Over 17.0 m, at the Duparquet Project

http://finance.yahoo.com/news/clifton-star-intersects-2-46-1…

[...]
The drill holes listed in this press release were not included in the recently published (June 28, 2013) NI 43-101 resource estimate update, as they were completed after the May 6th cut-off date.

Drill Highlights include:

Hole BD13-23 with 18.5 metres grading 2.46 g/t Au.

Hole BD13-25 with 17.0 metres grading 2.50 g/t Au.

Hole BD13-27 with 72.0 metres grading 1.14 g/t Au.

Hole BD13-34 with 15.0 metres grading 2.27 g/t Au.

Hole D13-20 with 21.9 metres grading 1.55 g/t Au.

Hole D13-21 with 15.6 metres grading 2.22 g/t Au.

Hole D13-27 with 43.5 metres grading 1.31 g/t Au.
[...]

[ooy]

Antwort auf Beitrag Nr.: 45.296.111 von Kongo-Otto am 21.08.13 18:03:21

Schade, keine Reaktion am Kurs...

[Kongo-Otto]

Antwort auf Beitrag Nr.: 45.298.911 von ooy am 22.08.13 02:29:20

wundert mich auch, aber gut, mir soll es recht sein.
Weisst ja, ich warte auf den Rücksetzer.

Aber ansonsten sind die Bohrergebnisse gut!

[ooy]

Aug 28/13 Aug 28/13 Dreisinger, David Bruce Indirect Ownership Common Shares 10 - Acquisition in the public market 15,000 $0.300

http://www.canadianinsider.com/node/7?menu_tickersearch=cfo

[ooy]

Ein wenig älter, aber gut:

http://www.youtube.com/watch?v=DIg8G132iw4

[Kongo-Otto]

Clifton Star Intersects 2.25 g/t Au Over 34 m and 1.51 g/t Au Over 39 m, at the Duparquet Project

http://finance.yahoo.com/news/clifton-star-intersects-2-25-1…

[...]
Drill Highlights include:

•Hole BD13-37 with 34.0 metres grading 2.25 g/t Au, including 18.5 metres grading 2.46 g/t Au and 17.0 metres grading 2.50 g/t Au.


•Hole BD13-38 with 39.0 metres grading 1.51 g/t Au, including 22.5 metres grading 2.19 g/t Au.


•Hole BD13-39 with 12.0 metres grading 1.04 g/t Au. [...]

[ooy]

Expert Comments:

Killian Charles, Industrial Alliance Securities (9/5/13) "New drilling increases footprint of ore body: Clifton Star Resources Inc. released its final set of drill results from its 2013 exploration campaign at Duparquet. . .drill hole BD13-37 intersected 34m at 2.25 g/t with a higher grade interval of 18.5m grading 2.46 g/t. . .we are excited by BD13-37. This hole was drilled outside of the current pit shell and, importantly, outside of the current geological constraints. . .BD13-37 may demonstrate that the shear zone and the associated mineralization continue beyond the intrusion. This represents a significant discovery which could drastically alter the current mine plan and understanding of the deposit. "

Michael Fowler, LOM (8/22/13) "A previous study of Clifton Star Resources Inc.'s Duparquet project indicated that if the deposit was processed by a floatation circuit in the mill, a concentrate could be produced that would have gold grades between 39 g/t and 84 g/t. These are high-grade concentrates. . .that study also indicated that gold recoveries would be ~90%, meaning the company could receive ~80% of the mine recovered gold value. The savings in the capital cost of the project would be $157.5M."

Killian Charles, Industrial Alliance Securities (7/9/13) "Clifton Star Resources Inc. released a newly compiled resource estimate for its optioned Duparquet project. The project now contains 3.11 Moz Measured and Indicated (60 Mt at 1.59 g/t) and 1.44 Moz Inferred (29 Mt at 1.51 g/t) both at cutoff 0.45 g/t. . .we are still pleasantly surprised that the overall resource size increased."

The Gold Report Interview with John Kaiser (7/8/13) "Clifton Star Resources Inc. has the Duparquet project in Québec. . .Clifton Star is an example of a junior looking to change its mining model to mitigate heavy upfront costs. Management is rethinking its mining model, moving from a pressure oxidation unit to simply producing a concentrate for shipment to China for smelting. That could eliminate substantial capital costs and reduce operating costs. The company still has $9M, which it deems sufficient capital to deliver a prefeasibility study in Q1/14 that incorporates these changes." More >

Michael Fowler, Loewen, Ondaatje & McCutcheon (7/2/13) "Clifton Star Resources Inc. announced an updated resource estimate for its Duparquet project, which has the following highlights: total Measured and Indicated resources now total 3.11 Moz grading 1.59 g/t gold, up 29%. . .Measured and Indicated resources make up 68% of total resources. The resource base has a high degree of confidence. . .these numbers are positive. . .we continue to rate the stock a Speculative Buy."

http://www.theaureport.com/pub/co/588?utm_source=delivra&utm…

[Kongo-Otto]

Clifton Star Confirms Excellent Gold Recoveries in Pilot Plant Testing on Duparquet Bulk Sample

http://finance.yahoo.com/news/clifton-star-confirms-excellen…

[...]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. [...]

[ooy]

Antwort auf Beitrag Nr.: 45.472.441 von Kongo-Otto am 18.09.13 14:52:50

Bringt momentan leider nix, aber m.E. auf Dauer Einiges...

[ooy]

Geht immer weiter runter, wie seht Ihr das?

[Kongo-Otto]

Antwort auf Beitrag Nr.: 45.834.636 von ooy am 14.11.13 16:20:37

Ihr? Ich glaube, hier sind nur noch du und ich.

Ja, der Kurs schmiert weiter ab, was mich aber nicht weiter verwundert in dem Umfeld.
Ich fange an mir Sorgen zu machen, wenn auf einmal das Volumen exorbitant steigt und der Kurs trotzdem fällt.
Aber beim aktuellen Volumen sehe ich den Verfall als marktbedingt.

Etwas verwunderlich ist nur, dass CFO den Ausschlag im Oktober nicht wirklich mitgemacht hat...aber gut.

[ooy]

Antwort auf Beitrag Nr.: 45.835.602 von Kongo-Otto am 14.11.13 17:49:54

Danke für Deine Einschätzung, der Wert ist m.E. sowas von unterbewertet, aber das interessiert ausser den Insidern, die ab und an kaufen, wohl momentan Niemanden, was sich hoffentlich irgendwann ändert...

[ooy]

Schöne Umsätze heute in Deutschland, war natürlich wieder mal dabei...

[ooy]

Nov 22/13 Nov 22/13 Miller, Harry Direct Ownership Common Shares 10 - Acquisition in the public market 28,000 $18.00

Nov 20/13 Nov 20/13 Miller, Harry Direct Ownership Common Shares 10 - Acquisition in the public market 5,000 $19.00

Nov 20/13 Nov 20/13 Miller, Harry Direct Ownership Common Shares 10 - Acquisition in the public market 3,000 $18.00

http://canadianinsider.com/node/7?menu_tickersearch=CFO+%7C+…

[ooy]

Scheint halt die Kommastelle verrutscht...

[ooy]

Jan 20/14 Jan 20/14 Bouchard, Michel Indirect Ownership Common Shares 10 - Acquisition in the public market 5,000 $0.270

[ooy]

Antwort auf Beitrag Nr.: 45.835.602 von Kongo-Otto am 14.11.13 17:49:54

Wow - fast 100% hoch....

[Kongo-Otto]

Antwort auf Beitrag Nr.: 46.395.008 von ooy am 06.02.14 19:50:34

Ja, bin selber ganz baff.

Ich wünschte einige meiner anderen Werte würden das nach machen.
Aber Werte wie Victoria Gold, Moneta Porcupine, Kilo GOldmines etc. bleiben ziemlich stehen...

[ooy]

Antwort auf Beitrag Nr.: 46.395.028 von Kongo-Otto am 06.02.14 19:55:21

Habe Kilo und Victoria auch, aber immerhin mal ein Anfang...

[ooy]

Another company is Clifton Star Resources Inc. (CFO:TSX.V; C3T:FSE), which is hoping to put out its prefeasibility report in the first half of the year. The company's PEA only used a small portion of the entire resource because the project is proximal to the town of Duparquet, Quebec. Clifton Star wanted to avoid unnecessary complication with the municipality until it properly opened up a dialogue. It wanted to make sure that there wasn't any misunderstanding that arose from a PEA that made an assumption that a portion of the town had to be moved. By avoiding that, it left 2 million ounces in the Measured and Indicated category that are starting right at surface and are easily mineable, so there's great upside there if negotiations do work with the city. The PEA underestimates the potential of that project, but I like seeing a management team that does a top-notch job and doesn't overpromise.

TGR: Do you think that eventually Clifton Star will produce concentrate or doré?

KC: Concentrate excludes some opportunities because smelters are only willing to pay for a certain amount of gold. If there are any penalties through elevated elements in the concentrate, the company could also lose out a little bit. However, it definitely saves on capex. The plant would be much smaller and less equipment is needed. The prefeasibility study will give us a good idea of which plant is better. The key is that the project can work both ways. If Clifton Star wants to get into production faster, it can start producing a concentrate, sell the concentrate, then down the road build a full plant with pressure oxidation, and process and smelt gold ore on site.

http://www.theaureport.com/pub/na/15842?utm_source=delivra&u…

[Popeye82]

Antwort auf Beitrag Nr.: 46.438.487 von ooy am 13.02.14 03:22:05

Weeenn die (Umsiedlungs)Verhandlungen erfolgreich sind, dann könnte die Bude meinem Eindruck nach nochma Thema werden.

Gruß
P.

[ooy]

TGR: Clifton Star recently got some drill results back from its Duparquet project. What's that deposit shaping up to be?

MF: It's pretty encouraging. I estimate that it could have about 3 million ounces (3 Moz) gold in reserves and could produce 150,000 oz a year. It's not going to be like Osisko's deposit, which is about 10 Moz, but Duparquet will likely be a good, smaller mine. The stock could benefit from a joint venture or an acquisition of Clifton Star.

TGR: What's the market valuing those ounces at?

MF: It's under $10/oz.

TGR: That's just a staggering number.

MF: The reason for the low valuation is because of financing risk. The biggest risk here is how does this deposit, like Fortune's, get built? There's a lot of potential for a major to come in and joint venture or acquire the company.

"It's wise to be involved in midtier gold companies."


There's been a huge amount of drilling on this deposit. It's considerably derisked. Any issues will be on the mining, recovery and processing side. It's a pretty good deposit. I'm certain that Clifton Star will get some interest from majors on this one.

http://www.theaureport.com/pub/na/15871?utm_source=delivra&u…

[ooy]

Meinungen von Experten bitte, Vielen Dank.



Clifton Star Announces Positive Pre-Feasibility Study on the Duparquet Project




QUEBEC CITY, QUEBEC--(Marketwired - April 9, 2014) - Clifton Star Resources Inc. ("Clifton Star" or "The Corporation") (TSX VENTURE:CFO)(FRANKFURT:C3T) is pleased to report that it has received the results of a positive Pre-Feasibility Study ("PFS") on the Duparquet Project, situated in north- western Quebec, 50 kilometres by road to the north of the mining town of Rouyn-Noranda. The PFS was prepared by InnovExplo Inc. with contributions from Tenova Mining and Minerals (Tenova), Roche Ltd, Consulting Group (Roche), and Dreisinger Consulting, in accordance with the Standards of Disclosure for Mineral Projects as defined by National Instrument 43-101 ("NI 43-101"). The contribution of each party is noted below under the section "Qualified Persons". The complete study will be filed on the Corporation's website and on SEDAR within 45 days.

The PFS was prepared as a 10,000 tonne-per-day open-pit mining project, producing an average of 173,000 ounces per year for the first 5 years, and an average of 158,000 ounces per year over the 11 years of production studied. Proven and Probable Reserves total 39.4 million tonnes at an average grade of 1.50 g/t Au, from which a total of 1.7 million ounces of gold are projected to be recovered.

The pre-production capital costs and sustaining costs for the Duparquet Project are estimated to be $394 million and $118 million, respectively, excluding $24.5 million for closure costs. Contingencies and indirect costs included in the capital costs and sustaining capital costs total $98.7 million or approximately 26% of all pre-production costs. The average operating cash cost is estimated at US$775 per ounce of gold over a life of mine (LOM) of 11 years. All in costs are estimated at US$1,042 per ounce of gold.

The financial analysis, using a long term gold price of US$1,300 per ounce, indicates a pre-tax net present value ("NPV") (using a 5 % discount rate) of $222 million, with a pre-tax internal rate of return ("IRR") of 15.1% and a payback period of 4.3 years. After tax, the discounted NPV is $135 million and the IRR is 12.1%.

Sensitivity analysis indicates that for a 10% increase in the gold price to US$1,430, the pre-tax discounted NPV increases to $377 million, with an IRR of 21.1%, and a payback period of 3.4 years. For comparative purposes, at the same gold price and exchange rate (US$1472, US$1.00 equal to Cdn$1.01) used in the PEA Study, published in January 2013, the pre-tax discounted NPV is $281 million, the IRR is 17.5%, and the payback is 3.9 years.

A NI 43-101 resource estimate was prepared in August, 2013, by InnovExplo for the PFS (see details later in this news release), and was used to develop an open-pit mining plan, resulting in mining 1.89 million ounces of gold. The LOM is 11 years, with excellent potential for future expansion with a successful diamond drilling program to convert parts or all of the Inferred Resources. For the LOM, a total of 1.7 million ounces of gold are recovered.

The PFS considered two possible processing scenarios. The strategy of using the Pressure Oxidization ("POX") process generated the highest financial return, while the alternative Concentrate production process resulted in lower capital and lower operating costs. Based on the current results, the POX process is favored in the PFS. Metallurgical gold recovery used in the PFS is 90.1%, since it was decided not to proceed with the recovery of gold from the new flotation tailings due to an insufficient financial return at the gold price used.

The reason that the Concentrate production alternative generates a lower financial return than the POX process is related to lower overall revenues from the concentrate because of higher shipping and third-party smelting costs and lower payable gold and silver by smelters. The alternative Concentrate production process would generate 94,500 tonnes of concentrate per year, grading on average 50 g/t gold (and a similar silver grade). The calculated NPV (5% discount rate) is $68.7 million and IRR before tax is 8.6% using the same US$1,300 gold price. However, if the Concentrate production process could be integrated vertically in a corporate structure, whereby final processing would be controlled by the same owner, the concentrate production process could deliver returns similar to the POX process, with a lower Capex of $357 million and average production cost of US$670 per ounce of gold.

Clifton Star and its consulting firms have identified several technical areas to improve the mining and milling scenarios. A possible increase in the overall return is related to the optimization of the pit design, the mining sequence, and a reduction in the strip ratio. Clifton Star will also pursue the Concentrate production process scenario by continuing discussions with processing companies.

Only mineralized material classified as Measured and Indicated Mineral Resources was considered in the mine plan. The resources considered in the mining plan are reserves, since they have economic value. The reserves and resources of the Duparquet Project are presented hereafter.

The May 6, 2013, resource database used in the PFS consists of a total of 849 diamond drill holes, totaling 260,948 meters, with 168,555 sample intervals. It also includes 2,371 samples from 892 surface channel samples - equivalent to 1,827 sampled meters.

When the current PFS resource calculation was finalized, a total of 47 holes were not included because of the cut-off date (May 6, 2013) and will be added and integrated in a future reserve/resource estimation. The results of these holes were released during June and August of 2013, and included Hole BD13-22, with 34 meters grading 5.64 g/t Au, the best intersection of any hole drilled on the Project by the Corporation. The deposit remains open for extensions at depth and along strike.

PFS -Highlights & Assumptions (All $ are Canadian except when indicated)

Gold Price (US$/ounce): 1,300
Foreign exchange rate (C$/US$): 1.10 : 1.00

In-pit and Tailing Reserves mined: Million ounces 1.89
Average total Site Cash Cost (US$/ounce) LOM, 11 years 775
Average total All in Cost, Average (US$/ounce) LOM 1,042
Average annual operating cash flow pre-tax (years 1 - 10) ($ Million) 99.1
Payback period (years) 4.3
IRR pre-tax (%) 15.1
IRR after-tax (%) 12.1
NPV 5% discount pre-tax ($ Million) 222
Mine plan tonnage (11 year, LOM):
39.36 Million tonnes at 1.50g/t Au and 1.94g/t Ag.
Mine plan, Tonnage & grade (grams/tonne, gold) Ore: 29.45Mt 1.69 g/t
Low grade Stockpiles: 5.79Mt 0.90 g/t
Existing Tailings: 4.12Mt 0.94 g/t
Strip ratio (Waste: Ore) Ramp and roads included in pit design, 8.26 : 1
45° and 48° pit walls.
Nominal daily production rate (tonnes) 10,000
Estimated overall gold recovery (%) - POX scenario 90.1%
Total recovered gold (Million ounces) 1.6
Pre-production period, (years) 4
Mine life (years) 11
Average annual gold production (ounces):
Average first 5 years : 173,000
Average 11 years: 158,000
Pre-production capital ($ Million) 394
Sustaining capital (excluding 24.5 million for closure costs) ($ Million) 118
Average milling cost per tonne of rock $15.96
Average milling cost per tonne of existing tailings $13.68
Average Operating cash cost /t milled, LOM, 11 years $36.94

Mining plan

The Duparquet Project will first address legacy issues at this brownfield location. The roaster, dating back to the 1930s, will be demolished and the site will be cleaned up in compliance with all environmental regulations. The historical Beattie tailings area will be isolated from Lake Duparquet, and will be reclaimed. Run-off from the project's watershed will be collected, controlled and treated. The environmental Capex for historical and proposed mining operations is estimated at $53.1 million before mining of the open-pit commences (and these costs have been included in the total capital cost estimates of the project), and is expected to total $70.4 million over the LOM. Reclamation costs at the end of the future operations are estimated at $24.5 million.

The Duparquet Project has been designed as an open-pit mine with a planned ore production rate of 3,650,000 tonnes per year (10,000 tpd). The mill start-up will occur in the last pre- production year when 535,500 tonnes of ore is expected to be processed. The mining plan is supplemented by the 4.12 million tonnes of available tailings.

Due to the proximity of the town of Duparquet, adjacent and to the south of the mining concessions of the Duparquet Project, it was decided to select a mining plan to minimize any effect to the Duparquet town or provincial infrastructures. Click here to See Figure 1 and Figure 2. The mine scenario would therefore be more socially acceptable, but has the effect of leaving in-situ parts of the deposit. These untouched portions may be recovered eventually, by further extensions of the mine life. It is anticipated that permitting and construction of the mine would take approximately four years.

Pit optimization was performed by InnovExplo using Whittle software from Geovia (previously Gemcom). The optimized pit shell was generated by a Lerchs-Grossmann pit optimizer algorithm. All ramps and roads were included. The north wall has a slope angle of 45° to allow the presence of the ramp and the south wall slope is 48°.

The milling circuit for the pressure oxidization process includes crushing, grinding, flotation, pressure oxidation cyanidation carbon-in-pulp (CIP), carbon stripping, electrowinning, refining and cyanide destruction.

The mining schedule will require the extraction of 39.4 million tonnes of mineralized material and 291.2 million tonnes of waste rock, resulting in a LOM strip ratio of 8.26 to 1. The overburden consists of 23.4 million tonnes, and will be put aside for reclamation work. Accounting for the overburden, the LOM strip ratio is 8.92 to 1.

Conventional open-pit mining methods will be used, requiring a fleet of 136 tonne capacity off- road haul trucks, hydraulic excavators (16.5 m3), production drills and various ancillary equipment. Mine operations were designed to support an average daily production rate of 96,600 tonnes, including overburden.

The pits were designed with a double benching arrangement, and include an 8.5 meter geotechnical safety berm at every 20 meters in vertical depth.

NI 43-101 Resources estimate for the Duparquet Project:

The prefeasibility is based on the latest mineral resource estimation published in the report dated August 2, 2013. The resource estimate was prepared by InnovExplo, and is included in the PFS report. The block model was prepared by using 3D block modelling and inverse distance squared interpolation method. The updated master resource database currently has a total of 849 diamond drill holes, totalling 260,948 meters of drilling in length, with 168,500 sample intervals. It also includes 2,371 samples coming from 892 surface channel samples - equivalent to 1,827 meters. The database includes the drilling and assay results up to the cut-off date of May 6, 2013. The purpose of the 2012-13 drilling was mainly to increase the continuity and quality of the resources between surface and 350 meters depth. The reserve estimate is derived from the Measured and Indicated resources within the pit shell, and does not include any underground resources. The potential for increased reserves and a larger pit exists beyond the current restricted PFS pit when the constraints due to the roads are removed. InnovExplo states that excellent potential exists to further increase the resources of the mineralized zones by drilling.

InnovExplo has estimated the total Reserves and Resources for the Duparquet Project as follow:
•The In-pit and tailings overall Proven and Probable Reserves total 39,363,000 tonnes at an average grade of 1.50 g/t (1,895,530 contained ounces of gold). They are exclusive of the following Mineral Resources.


•The In-Pit resources in the Measured and Indicated category are 18,644,100 tonnes at a grade of 1.32 g/t (789,896 contained gold ounces). In the Inferred category, there are 18,201,700 tonnes at a grade of 1.28 g/t (750,616 contained gold ounces).


•Underground resources in the Measured and Indicated categories are 3,550,200 t at a grade of 2.75 g/t (314,275 contained gold ounces). In the Inferred category, the total is 5,705,400 t at a grade of 2.96 g/t (532,059 contained gold ounces).



Overall Reserves and Resources for the Duparquet Project are presented in the following table:

Duparquet Mineral Resource and Mineral Reserves
Clifton Star Resources Inc.

Mineral Reserve Estimate (Exclusive of Mineral Resources)
Area
Parameters
Reserves type Tailings In-Pit (PFS) TOTAL
Cut-off (g/t) > 0.45 > 0.51
Tonnes (t) 19 600 175 100 194 700
Proven Grade (g/t) 2.06 1.31 1.38
Au (Oz) 1 295 7 372 8 667
Tonnes (t) 4 105 000 35 063 400 39 168 400
Probable Grade (g/t) 0.93 1.56 1.50
Au (Oz) 123 200 1 763 664 1 886 864
Proven Tonnes (t) 4 124 600 35 238 400 39 363 000
+ Grade (g/t) 0.94 1.56 1.50
Probable Au (Oz) 124 495 1 771 035 1 895 530

(i) Whittle parameters used for the reserve pit shell: Mining cost=2.20$/t, milling cost=16.77$/t, G&A=3.12$/t, Gold price=1,350 USD (exchange rate @ 1.05$), mining recovery=95%, milling recovery=93.9%,dilution 10%, pit slope 45°on north wall and 48° on the south wall, refining cost = 5$/oz, production 10,000 tpd, overburden removal= 0.88 $/t, additional cost related to old stope= 1,00 $/t, transportation cost from stockpile to mill= 0.88$/t. The resulting cut-off is 0.51 g/t.

(i) The entire mineral reserve (exclusive of mineral resources) is currently classified as proven and probable.

Mineral Resource Estimate (Exclusive of Mineral Reserves)
Parameters Area
Resources type
In-Pit (PFS) In-Pit (Resource) Underground TOTAL
Cut-off (g/t) > 0.45 > 0.45 > 2.00
Tonnes (t) - - - -
Measured Grade (g/t) - - - -
Au (Oz) - - - -
Tonnes (t) 1 542 200 18 644 100 3 550 200 23 736 500
Indicated Grade (g/t) 0.48 1.32 2.78 1.48
Au (Oz) 23 800 789 896 314 275 1 127 972
Measured Tonnes (t) 1 542 200 18 644 100 3 550 200 23 736 500
+ Grade (g/t) 0.48 1.32 2.75 1.48
Indicated Au (Oz) 23 800 789 896 314 275 1 127 972
Tonnes (t) 5 702 600 18 201 700 5 705 400 29 609 700
Inferred Grade (g/t) 0.81 1.28 2.96 1.50
Au (Oz) 149 227 750 616 532 059 1 431 902

(i) The Independent and Qualified Persons for the Mineral Resource Estimate, as defined by Regulation 43-101, are Carl Pelletier, B.Sc., P.Geo., and Karine Brousseau, P.Eng (InnovExplo Inc), and the effective date of the estimate is June 26, 2013.

(i) Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability.

(i) The estimate includes 60 gold-bearing zones and a remaining envelope containing isolated gold intercepts.

(i) In-Pit results are presented undiluted within Whittle-optimized pit shells.

(i) In-Pit (Resource) results are presented undiluted within the Resource Whittle-optimized pit shells, exclusive of any material contained within the PFS Pitshells.

(i) Underground results are presented undiluted and in situ, outside Whittle-optimized pitshells.

(i) In-Pit resources were compiled at 0.35, 0.40, 0.45, 0.50, 0.55, 0.60, 0.65, 0.70, 0.80 and 0.90 g/t Au cut-off grades.

(i) Underground resources were compiled at 1.5, 2.0, 2.5, 3.0, 3.5, 4.0 and 5.0 g/t Au cut-off grades.

(i) Cut-off grades must be re-evaluated in light of prevailing market conditions (gold price, exchange rate and mining cost).

(i) In-Pit and Underground: A fixed density of 2.73 g/cm3 was used in zones and in the envelope.

(i) In-Pit and Underground: A minimum true thickness of 3.0 m was applied, using the grade of the adjacent material when assayed, or a value of zero when not assayed.

(i) In-Pit and Underground: High grade capping was done on the raw data and established at 25.0 g/t Au for diamond drill hole assays and channel samples assays.

(i) In-Pit and Underground: Compositing was not done over entire drill hole lengths. Instead, compositing was done on drill hole and channel samples sections falling within the mineralized zone envelopes (composite = 1 metre).

(i) Resources were evaluated from drill hole and surface channel samples using an ID2 interpolation method in a block model.

(i) The In-Pit measured category is defined by blocks having a volume of at least 25% within an envelope built at a distance of 10m around existing Channels.

(i) The In-Pit and Underground indicated category is defined by the combination of blocks within a maximum distance of 15m of existing stopes and blocks for which the average distance to drill hole composites is less than 45m.

(i) Ounce (troy) = Metric Tons x Grade / 31.10348. Calculations used metric units (metres, tonnes and g/t).

(i) The number of metric tons was rounded to the nearest hundred. Any discrepancies in the totals are due to rounding effects; rounding followed the recommendations in Regulation 43-101.

(i) InnovExplo is not aware of any known environmental, permitting, legal, title-related, taxation, socio-political, marketing or other relevant issue that could materially affect the Mineral Resource Estimate.

(i) Whittle parameters used for the Resource Pitshells: Mining cost=2.40 USD/t, milling cost=13.46 USD/t, G&A=4.18 USD/t, Gold price=1,445 USD (exchange rate @ 1.01$), mining recovery=90.9%, milling recovery=93.9%, pit slope 52°

Metallurgy and Mineral Processing

Gold mineralization of the Duparquet Project is associated with disseminated sulphides, dominantly pyrite (95%) and lesser arsenopyrite (5%). As the material is refractory, the selection of an oxidation method before the cyanidation of a flotation concentrate became necessary to improve and optimize the level of gold recovery. The consistency of the recovery results obtained, combined with current and historical use of this technology elsewhere in the world over the last 30 years, led to the selection of the conventional pressure oxidation (POX) technology, utilizing an autoclave, as the preferred method of oxidation for the Duparquet Project.

This process uses sulphide oxidation at high pressure and temperatures, thereby speeding up the kinetics and allowing the reaction to be self-sustaining. The processing facilities will be located on the Duparquet Project site and include: crushing, grinding, flotation, pressure oxidation, cyanidation, carbon-in-pulp (CIP), carbon stripping, electrowinning, refining and cyanide destruction.

Metallurgical test work performed by SGS Lakefield indicates that the use of the pressure oxidation circuit prior to concentrate cyanidation leaching, combined with flotation tailings cyanidation, improves the projected overall gold recoveries to 93.9 % for the mineralized material and to 83.9 % for the existing tailings. After evaluating the financial return of the flotation tailings cyanidation circuit, it was decided not to incorporate this circuit in the mill design. Therefore, the overall recovery used in the PFS is 90.1% for gold and 90% for silver.

The process facility was designed for an average feed of 10,000 tonnes per day ("tpd")

An alternative process, the Concentrate production process, was also evaluated. It consists of: crushing, grinding, flotation, cyanidation and CIL of the flotation tailings, carbon stripping, electrowinning, refining and cyanide destruction. The flotation concentrates produced during pilot plant testing averaged 50 g/t gold (with a similar silver grade) and were sent to different end users who tested it. The response was positive and interest was genuine. However, costs associated with bagging, shipping, smelting, and lower payables for gold and silver decreased the overall recovery and resulted in lower returns for that process.

Tailings Ponds

The PFS includes two distinct tailings impoundments for the pressure oxidation scenario. The preliminary designs for the tailings impoundments were prepared by Roche. Ninety four percent (94%) of the tailings containing very low sulphide, very low arsenic, and no cyanide will be stored in a flotation thickened tailings pond. The remaining 6% of the tailings, coming from the autoclave circuit, will be stored in a specifically designed lined impoundment after cyanide destruction. The tailings will meet all environmental guidelines.

Additional Technical Information Related to the PFS Study

The Duparquet Project is comprised of the Beattie, Donchester, Central Duparquet and Dumico properties. The historical Beattie and Donchester underground production totalled 1.3 million ounces of gold. The historical Beattie Mine site surface area will be cleaned up and the current buildings demolished and removed prior to the development of the open-pit mining.

The Corporation has completed the first two phases of its Environmental Baseline Study and is working with the government, community and First Nations groups surrounding the project to maintain an open dialogue as the project advances.

Proposed Surface Infrastructure

The proposed mine infrastructure incorporates the following: (Click here to See Figure 1 and Figure 2)
•Covered ore pile and mill complex, including a crushing, grinding, flotation, pressure oxidation, cyanidation with carbon-in-pulp circuit (CIP) and a refinery;
•Two tailings ponds, one overburden storage area and three waste rock dumps;
•Office complex, a six door open-pit garage and associated services buildings;
•New electrical main line from the Hydro Quebec grid, site substation and site electrical distribution installations;
•Water treatment plant, pit dewatering system, surface water management.
•Access roads to the site and on site; parking facilities, ramp system, green wall.

Mine Closure

Mine closure costs are estimated by Roche at $24.5 million. They are incorporated in the cash- flow calculations, but are not included as capital or sustaining capital costs.

Wherever practical, a progressive reclamation approach is recommended, since the two (2) tailings ponds will be built in stages. At Duparquet, the overburden disposal area will be reclaimed and this material will be used as capping material to re-vegetate waste rock and tailings disposal sites.

Capital and Sustaining Capital Costs Estimates

The PFS is based on capital pricing as of the last quarter 2013. The capital costs include various added contingencies depending on the sectors. The pre-production capital costs are estimated at $394 million and sustaining capital is estimated at $118 million. Contingencies and indirect costs total $98.7 million of the pre-production costs and represent 26% of the costs. Indirect costs (owner's costs, Engineering, Procurement and Construction Management ("EPCM") and detailed engineering) of 37 % have been applied on the process plant and to the other surface infrastructure. Average contingency for all environmental items is 20 %. Sustaining capital expenditures are estimated at $118 million over 11 years.

Capital Costs Sustaining
($ million) Capital
($ million)
Mine Process plant (Crushing, ore storage, grinding, flotation, 226.6
pressure oxidation, cyanidation and carbon-in-pulp, refinery)

Tailings ponds, waste dump, water treatment plant, clean-up of site. 57.1 16.7

Mine production equipment. 23.1 91.1

Surface installation and equipment 58.2 10.1

Overburden removal In operating
costs
Owner's cost, site infrastructure 51.0

Pre-production revenue -22.0

Total Costs (rounded) 394 118

Total capital costs, LOM. (rounded) 512

Operating Costs

The LOM average operating cash cost is estimated at US$775 per ounce of gold, or an average of just under $37/t milled.

Average operating costs $/t milled
Mining & environment 18.82
Processing (POX Option) 15.66
G&A 2.46
Total 36.94

Financial Analysis

The financial analysis for the Base Case (gold at US$1,300, US$1.00 = CAD$1.10) indicates a pre-tax NPV at a 5% discount rate of $222.2 million, an IRR of 15.11%, and a payback period of 4.3 years.

SENSITIVITY ANALYSIS

% Change in Before-tax NPV, M$,
PRE-TAX Value Variation IRR (5% discount)

+ 10% US$1,430 21.14% 377

Gold Price - Base Case - US$1,300 15.11% 222

- 10% US$1,170 8.33% 68

+ 10% US$852 11.26% 131

Average Operating Cash Costs per - US$775 15.11% 222
Ounce - Base Case
- 10% US$697 18.67% 313

+10% $433 13.02% 189

Initial Capital Costs - Base Case - $394 15.11% 222
($ Million)
-10% $355 17.54% 256

Recommendations of the PFS:

Following the positive PFS, InnovExplo recommends that the Duparquet Project be advanced to the next phase, which would consist of the preparation of a Feasibility Study.

In order to advance to the feasibility stage, the reserve and resource calculations will be updated to include the results from the 47 holes that were received after the last cut-off date. Additional geotechnical and hydrogeological studies should be undertaken for the proposed site buildings, tailing management facility, and to better define and ideally steepen the pit wall slopes from those presented in the PFS report.

Further exploration drilling on the Duparquet Project is recommended to increase resources and confidence on the geological model. More specifically, the NE-SW striking secondary zones should be drilled to test their lateral and depth extensions. In the same way, detailed surface mapping is recommended to enhance the structural model.

Further definition drilling is recommended to increase Mineral resources and to upgrade Inferred Resources to an Indicated category.

Additional metallurgical tests related to ore variability and to firm up design basis are also recommended to further define the flow sheet of the ore treatment and for final design of the mill facilities.

As well, Roche recommends continuing permitting and social outreach to present the project to the communities. Additional baseline data will have to continue to be gathered to complete what has up to this date been collected in order to adequately assess the project's potential environmental and social effects.

It is recommended that negotiations with Hydro-Quebec be initiated to advance the work for installation of the power line.

Quality Control and Data Verification

Information of a scientific or technical nature relating to the PFS Study has been prepared by and under the supervision of Sylvie Poirier, Eng., of InnovExplo.

The data disclosed, including sampling, analytical and test data, as well as the current mineral resource estimate, were completed by Carl Pelletier, BSc, Geo, and Karine Brousseau, Eng. of InnovExplo, independent qualified persons under NI 43-101 guidelines, using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Standards on Mineral Resources and Reserves Definition and Guidelines.

Additional technical information and details regarding verification of data, including sampling, analytical and test data underlying the information herein, is contained in the "Technical Report" - Technical report and mineral resource estimate for the Duparquet Project (according to Regulation 43-101 and Form 43-101F1) prepared by InnovExplo, with effective date June 26, 2013, which can be found under Clifton Star's profile on www.sedar.com and on the company website.

Qualified Persons

The PFS was prepared by leading independent industry engineering firms and consultants, all Qualified Persons under National Instruments 43-101, with the collaboration of the Clifton Star Resources Technical Group.

InnovExplo Inc.:

Resources estimation:

Carl Pelletier, BSc, Geo

Karine Brousseau, Eng.

Pit design, mine planning, financial analysis, mining capital and operating costs:

Sylvie Poirier, Eng.

Laurent Roy, Eng.

Denis Gourde, Eng.

Dreisinger Consulting, Tenova Mining and Minerals, and Roche Ltd., Consulting group

Hydrometallurgy and laboratory test supervision

David Dreisinger, B.A.Sc., Ph.D., P.Eng.

Flowsheets, Layouts Operating and Capital Cost Estimates

Alain Dorval, Eng.

Philippe Côté, Eng.

Environment, mine closure (Operating and Capital Cost Estimates)

Martin Magnan, M.Sc.A, Eng.

Tailing Pond Design

David Sims, Geo (Qc), P.Geo (NL)

[ooy]

Keine Meinung von Branchenkennern? Waere schoen...

[Popeye82]

Antwort auf Beitrag Nr.: 46.829.441 von ooy am 15.04.14 18:01:09

Auf Basis der Zahlen sehr schlecht in meinen Augen.

Gruß
P.

[ooy]

Antwort auf Beitrag Nr.: 46.832.147 von Popeye82 am 16.04.14 02:20:26

Was ist d.E. nach schlecht, ich fande das eigentlich sehr akzeptabel, aber Du bist ja eigentlich professioneller...

[ooy]

JK: Among companies with advanced deposits, Clifton Star Resources Inc. (CFO:TSX.V; C3T:FSE) just completed a prefeasibility study on its Duparquet project in Québec, which concluded that pressure oxidation is the best way to process the ore. However, with a $1,300 per ounce ($1,300/oz) base case gold price, its after-tax net present value (NPV) of $135 million ($135M) and internal rate of return (IRR) of 12.1% aren't high enough to get excited about. This is an example of a company treading water, waiting for a higher gold price. I recommend it to people who believe that gold is going back to $1,500+/oz. At that price Clifton Star's NPV and IRR increase substantially and the current $15M market valuation will grow by multiples as the junior becomes a buyout target.

http://www.theaureport.com/pub/na/16015?utm_source=delivra&u…

[ooy]

Guenstig, oder??

[ooy]

Was haltet Ihr davon?
Was heist das genau?

Clifton Star Resources Institutes Legal Proceedings Against Osisko Mining Corporation




QUEBEC CITY, QUEBEC--(Marketwired - June 3, 2014) - Clifton Star Resources Inc. ("Clifton Star") (TSX VENTURE:CFO)(FRANKFURT:C3T) has filed today in the Quebec Superior Court, legal proceedings against Osisko Mining Corporation ("Osisko"), to claim damages sustained by Clifton Star.

The damages claimed are related to a contract signed between the parties that included a $22.5 Million loan facility that Clifton Star formally requested from Osisko, in November 2012, in order to pay an option payment on the Duparquet Property. The credit facility was not made available by Osisko at that time and discussions between the parties have failed to resolve the dispute since then.

[ooy]

Antwort auf Beitrag Nr.: 47.105.074 von ooy am 05.06.14 04:26:52

Kann Jemand diese Stelle erklaeren?

in order to pay an option payment on the Duparquet Property.

Sind die jetzt im Verzug oder gehoert Ihnen das Projekt?

[ooy]

Ich werde trotzdem nicht schlau draus:


The Duparquet/Destor gold property is situated 2 km north of the Porcupine-Destor fault within the Abitibi Greenstone Belt and is a large claim block of about 2 140 ha, covering potential splay fault extensions of mineralisation associated with the Beattie and Donchester past-producing mines located 3 km to 15 km to the west.

The property is currently held by Tres-Or Resources.

Last week, TSX-V-listed Abitibi Royalties also filed a motion with the Quebec Superior Court to grant an injunction against Osisko Mining to enforce its contractual rights under the joint venture arrangement to explore and develop a mining property known as the Malartic CHL prospect.

Read more at http://www.stockhouse.com/companies/bullboard/v.cfo/clifton-…

[Cannahan]

Habe eine E-Mail an CFO bzgl. des anstehenden Option Agreements gesandt und prompt eine Antwort von Hr. Bouchard erhalten:

The management recognizes that the next option payment is a serious concern.

We have therefore started to negotiate with the owners a revised option agreement.

However, there is no certainty that we will be successful.

Bis zur Klärung der Sache werde ich erstmal an der Seitenlinie abwarten.

[ooy]

Macht doch ne KE!!! Ich verstehs nicht mehr...

[SEPP_EIXLBERGER]

....das hört sich nicht gut an

Quebec Superior Court Rejects Clifton Star's Safeguard Motion Relative to the Duparquet Project


http://www.marketwired.com/press-release/quebec-superior-cou…

Québec - (Marketwired - 24. November 2014) - Clifton Star Resources Inc. ("Clifton Star" oder das "Unternehmen") (TSX VENTURE: CFO) (FRANKFURT: C3T) ist, dass der Quebec-Superior benachrichtigt Gericht Anfrage Clifton für eine Schutzbewegung in Bezug auf ihre Rechte in den Projekt Duparquet Option Abkommen abgelehnt.

Clifton Star hatte das Gericht aufgefordert, ihre Verpflichtungen aus den Optionsvereinbarungen mit folgenden Rechtsstreitigkeiten wurden zwischen einigen der Option Eigentümer eingeleitet auszusetzen. Clifton Star der Ansicht, dass dieser Rechtsstreit behindert Bemühungen um die nächste Option in Höhe von $ 10 Millionen, wegen 1. Dezember zu finanzieren, ist 2014 $ 10 Millionen Zahlungs Teil von insgesamt $ 52,2 Millionen in Optionszahlungen verpflichtet, von Clifton gemacht werden bis zum Jahr 2017 um ermöglichen Clifton, die 90% ige Beteiligung an dem Projekt Duparquet sie nicht bereits selbst besitzen. Clifton Star hält eine 10% Beteiligung an den Unternehmen, die das Projekt Duparquet besitzen.

Clifton Star hat ohne Erfolg versucht, für die im letzten Jahr auf die Bedingungen der Optionsvereinbarungen mit den Eigentümern neu verhandeln, um den Rückgang des Goldpreises und der schwierigen Bergbaufinanzmärkte Rechnung zu tragen.

Clifton Star wird sich nach besten Kräften, seine Option auf die restlichen 90% im Eigentum zu erwerben Duparquet zu halten implementieren und neu zu bewerten, ihre rechtlichen und finanziellen Investitionen in das Projekt Duparquet am 1. Dezember 2014, um den Wert der Beteiligung an der widerspiegeln Project. Es gibt keine Garantie, dass Clifton wird in ihren Bemühungen, ihre Option, um die zusätzliche 90% der Duparquet Eigentum erwerben zu halten erfolgreich sein wird.

[ooy]

Antwort auf Beitrag Nr.: 48.440.421 von SEPP_EIXLBERGER am 28.11.14 10:24:00

Uebel, aber veraltet...

[ernestokg]

Kennt hier jemand Harry Miller und seine Pläne bzw was ist von dieser Gruppe zu erwarten ?

[ooy]

Ich verstehe den Kurs nicht ganz, es ist doch nicht der Goldpreis, die KE ist doch lange durch und das Geld ist da.

[ooy]

Nov 5/15 Nov 5/15 Bouchard, Michel Indirect Ownership Common Shares 10 - Acquisition in the public market 5,000 $0.150 Oct 26/15 Oct 26/15 Bouchard, Michel Indirect Ownership Common Shares 10 - Acquisition in the public market 5,000 $0.150 Oct 13/15 Oct 13/15 Bouchard, Michel Indirect Ownership Common Shares 10 - Acquisition in the public market 4,500 $0.150 Oct 9/15 Oct 8/15 Bouchard, Michel Indirect Ownership Common Shares 10 - Acquisition in the public market 1,000 $0.150 Oct 9/15 Oct 5/15 Nolan, Philip Patrick Joseph Indirect Ownership Common Shares 10 - Acquisition in the public market 115,500 $0.150 Oct 1/15 Oct 1/15 Bouchard, Michel Direct Ownership Common Shares 10 - Acquisition in the public market 3,000 $0.140 Oct 1/15 Oct 1/15 Bouchard, Michel Direct Ownership Common Shares 10 - Acquisition in the public market 5,000 $0.145 Aug 6/15 Aug 6/15 Bouchard, Michel Indirect Ownership Common Shares 10 - Acquisition in the public market 3,000 $0.155 Aug 5/15 Aug 4/15 Bouchard, Michel Indirect Ownership Common Shares 10 - Acquisition in the public market 5,000 $0.155 Jul 30/15 Jul 28/15 Bouchard, Michel Indirect Ownership Common Shares 10 - Acquisition in the public market 1,500 $0.155 - See more at: https://www.canadianinsider.com/company?menu_tickersearch=CF…

[ooy]

Why not a Clifton Star stock buyback?


Clifton Star Resources previously announced that as of March 31, 2015 it had $13.4 million of cash assets in the bank. This worked out to about $.29 a share at the time. Since then they have been reviewing many dozens of projects. We are led to believe by the silence that nothing met their standards, that in the many months that have passed by there have been no projects that would be a good new direction for growing the company. If that really is the case, why not consider a share buyback? At .15, The stock is trading at roughly 50% of its cash value based upon the original liquid asset numbers. Of course, the $13.4 million figure needs to be revised downward to reflect substantial management and directors compensation and typical corporate expenses. Still, a stock buyback would: 1. give something back to long-suffering shareholders; 2. provide support for the stock price; 3. allow shareholders who have to sell stock to be able to sell without pounding down the current bid; 4. provide symbolic benefit; 5. show leadership in a market where stock buybacks are rare and other junior exploration companies are mostly in defensive, cash-poor survival mode.

Would a stock buyback be expensive? Not really. Buying one million shares in the market would only cost the company $150,000 at current prices. Two million shares would only cost $300,000. This is a drop in the bucket relative to Clifton's liquid assets. Clifton could announce a buyback of "up to" 5% -- perhaps 10% -- of the company stock. As is always the case with buybacks, they would have the prerogative whether or not to purchase the maximum amount of shares. They would always have flexibility. After failing to renegotiate the Duparquet project option, and with a stock price that could easily head lower, Clifton management badly needs to demonstrate leadership. A stock buyback would be good for shareholders.

Read more at http://www.stockhouse.com/companies/bullboard/bullboard/v.cf…

[ooy]

Irgenjemand noch eine Meinung? Waere super.

[ooy]

Clifton Star Resources Reports on Voting Results from 2015 Annual Meeting and Grants Stock Options




QUEBEC CITY, QUEBEC--(Marketwired - Dec. 4, 2015) - Clifton Star Resources Inc. ("Clifton Star" or the "Corporation") (TSX VENTURE:CFO)(FRANKFURT:C3T) today announced the re-election of Management's slate of nominees (Michel Bouchard, Ross Glanville, Peter Gundy, and Philip Nolan) at the company's Annual Meeting of Shareholders.

The total number of shares represented either in person or by proxy at the annual meeting was approximately 17.5 million, representing just over 36.2% of the Company's Issued and Outstanding Common Shares. The proposed directors received between 92.57% and 99.69% of the shares voted.

"Shareholders should know that your board and management remain steadfast in their commitment to create long-term value for all," said Ross Glanville, Chairman of the Board. "We have examined over 100 projects and continue to search for the best possible course of action to maximize shareholder value, and are doing everything possible to maintain our enviable cash position as this has placed the Company in a favourable position in our search. A number of Confidentiality Agreements have been signed with interested parties."

Appointment of Auditors: KPMG LLP, Chartered Professional Accountants were appointed to serve as the auditors of the Company for the ensuing year, with the directors of the Company authorized to establish the auditors' remuneration.

The Board has also extended the president and CEO's contract, which was to expire on December 31, 2015, under the same terms and conditions, until the end of 2017

The Company also reports that it has granted 1,200,000 stock options to the directors and officers that were recommended by the Compensation Committee in late October 2015. The options were granted in accordance with the Company's Stock Option Plan. All the incentive stock options granted are exercisable at a price of $0.15 per share which represents the closing price on the day the options were granted. The incentive stock options are exercisable for a period of five years from the date of the grant (December, 2015).

One quarter of the incentive stock options vest immediately and the balance vest at a rate of 25%, every six months over the next 18 months. Any shares issued under the option grant will be subject to a four-month hold period from the date of granting of the option (December 3, 2015), pursuant to the policies of the TSX Venture Exchange.

Following the meeting, the Company also announced that it will proceed with an exploration program planned for the Duquesne Property, which will include approximately 2,000 meters of drilling.

[rolleg]

First Mining to Acquire Clifton Star Resources Inc.
http://www.firstminingfinance.com/news-room/first-mining-to-…