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Market: TSX-V
Sector: General Mining - Gold
EPIC: CFO
Latest Price: C$1.05  (0,00%)
52-week High: C$2.14
52-week Low: C$0.92
Market Cap: C$37.44M
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Clifton Star Resources
www.cliftonstarresources.com

Clifton Star Resources Inc. (TSX.V: CFO) ["Clifton Star"] (Frankfurt Exchange: C3T) is a junior mining exploration company with a focus on six properties that have had historic production of gold, silver, copper and nickel.

The portfolio consists of seven properties, six of them near the Porcupine-Destor Fault in Quebec and one on the Manitoba Ontario border, all in Canada.

Pdf

Clifton Star and Osisko Mining report new high grade intersections at Duparquet in Quebec

27th Jan 2011, 9:40 am

Clifton Star Resources (TSX-V: CFO)(FSX: C3T) and Osisko Mining (TSX:OSK) (FSX:EWX) announced Wednesday results from the 2010 drilling program at the Duparquet project in Quebec, which indicated high-grade, wide intersections on the Donchester property.

Highlights from the results of the 49 new drill holes include 60.0 meters averaging 2.18 g/t Au in hole DON10-74; and 46.5 meters averaging 1.19 g/t in hole DON10-83.

Clifton and Osisko said the new drilling also intersected significant higher grade intercepts, including 3.4 meters averaging 162.0 g/t Au in hole DON10-107; 7.5 meters averaging 9.57 g/t Au in hole DON10-116; and 10.5 meters averaging 7.40 g/t Au in hole DON10-69

The high grade intersection in hole DON10-107 is associated with a "syenite-hosted quartz vein" containing visible gold, said the two companies.

In 2010, drilling at the Duparquet project focused on three properties: Beattie, Donchester/Central Duparquet and Duquesne, for an overall campaign of 122,800 meters.

Today's results hail from phase three of the program, which consisted of 32,700 metres on the Donchester property and Central Duparquet, for a total of 96 holes. Final results are still pending, the companies said.

Osisko has the right to acquire a 50% interest in the Duparquet project, located in the Abitibi region. This can be achieved 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.

Osisko rallied more than 3% on Wednesday to trade at $12.71 just before noon, while Clifton Star rose 0.5% to $4.06.

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