Clifton Star Resources Inc.
TSX VENTURE : CFO
FRANKFURT : C3T

Clifton Star Resources Inc.

March 01, 2012 08:24 ET

Clifton Star Reports 2011 Drill Results on Duparquet

QUEBEC CITY, QUEBEC--(Marketwire - March 1, 2012) - Clifton Star Resources Inc. ("CFO" or "Clifton") (TSX VENTURE:CFO)(FRANKFURT:C3T) is pleased to announce results from its 2011 drill program at the Duparquet Project, located along the prolific Destor-Porcupine Fault in the Abitibi region of Quebec. Drilling focused on the Beattie, Donchester and Central Duparquet properties.

From June to December 2011, Clifton drilled 85 holes for 26,754 meters. Most were deepening of previous 2010 holes to reach the North zone at depth.

Some Highlights:
North Zone: Hole BD 10-277 with 58.3 meters grading 2.06 g/t Au
RW/RS Zone: Hole BD11-335 with 16.0 metres grading 9.02 g/t Au, near surface, drilled to test stacked horizontal structures.
South Zone: BD11-334M with 41.0 metres at 2.08 g/t Au

The mineralization on the Duparquet Project is composed of a fairly well defined North and South Zone, as well as several smaller subvertical, and possibly folded, mineralized zones that extend in an east-west direction, and have been traced for over 2.6 km along strike (See Figure 1 of schedule 1). The individual mineralized zones, which can be up to 80m wide, include the North Zone, West Zone, RW Zone, RS Zones and the South Zone. A second mineralized syenite- porphyry (the Main Zone) occurs parallel and to the southeast of the Beattie-Donchester intrusion on the Central Duparquet and Dumico properties. The style of mineralization is similar in nature to the Beattie-Donchester Syenite but has seen significantly less exploration work in the recent past.

The 2011 exploration program on the Beattie Property continued the drilling on 100m spaced lines, while extending the depth extension of the mineralized zones from the initial 400m below surface to 500m metres below surface. Much of this was accomplished by extending previous drill holes, as well as collaring several new holes from surface. A large majority of the holes being reported today targeted the extensive and continuous nature of the North Zone. Several holes were also completed in high-grade pockets of the West Zone and RW-RS zones in order to better define the geometry and continuity of these zones. The results of the 2011 drill program are very encouraging, as can be seen from the results that are listed in the following summary tables in this news release, and the more detailed results in the tables provided immediately after the text of this news release.

Highlights from the 2011 drill program:

  • Gold mineralization within the North Zone has been traced along strike in an East-West direction by recent drilling for 2.6 km across the Beattie and Donchester properties. Several of the holes from the 2010 drill program, which were stopped short of the North Zone, were extended in this recent program to test this zone. The North Zone has a vertical to steep southerly dip of 85 to 90 degrees. The true thicknesses of the intersections in the North Zone are typically 60% of the core length. The best intersections along the North Zone from the 2011 drill program include (See Figures 2, 7 and 8 of schedule 1):
Hole Length of
Intersection
Grade (g/t Au) Location
BD10-133 31.5 metres 2.03 North Zone
BD10-168 32.9 metres 1.64 North Zone
BD10-170 36.0 metres 2.25 North Zone
BD10-171 30.7 metres 1.79 North Zone
BD10-173 28.1 metres 1.96 North Zone
BD10-218 33.0 metres 1.99 North Zone
BD10-277 58.3 metres 2.06 North Zone
D11-149 32.3 metres 1.66 North Zone
  • Gold mineralization was intersected from shallow infill drilling in the West Zone and along the RW and RS zones, which are located between the North and South zones on the Beattie and Donchester properties. The mineralization of the West Zone, RW and RS is more structurally complex, exhibiting signs of stacking or folding and local gold enrichment in the area. Several holes were drilled in 2011 in order to develop a better understanding of the orientation of these high-grade zones. While true thickness is difficult to estimate based on the current holes, they did show the continuity of the gold mineralization The best intersections include (See Figures 3, 6 and 9 of schedule 1):
Hole Length of
Intersection
Grade (g/t Au) Location
BD11-333 78.0 metres 1.69 West Zone
Including 31.0 metres 2.55 West Zone
BD11-335 16.0 metres 9.02 RW/RS Zone
BD11-336M 19.0 metres 3.76 RW/RS Zone
BD11-339 77.0 metres 2.94 RW/RS Zone
BD11-341 38.0 metres 1.74 RW/RS Zone
  • The South Zone typically has a steep dip, varying from 75 to 85 degrees to the south. The true thicknesses of the intersections in the South Zone are typically 40-45% of the core length. The best intersection along the South Zone on the Beattie and Donchester is shown below (See Figures 4 and 6 of schedule 1):
Hole Length of Intersection Grade (g/t Au) Location
BD11-334M 41.0 metres 2.08 South Zone
  • The Main Zone of the Central Duparquet Property is located adjacent and to the east of the Beattie and Donchester properties. The Main zone has a steep dip of 80 to 85 degrees to the north. The true thicknesses of the intersections in the Main Zone are typically 60% of the core length. Gold mineralization in the Main Zone from the 2011 drill program on the Central Duparquet property, returned intervals which include (See Figures 5 of schedule 1):
Hole Length of Intersection Grade (g/t Au) Location
CD11-01 37.0 metres 1.79 CD-Main Zone
CD11-03 19.0 metres 4.86 CD-Main Zone

In 2011 Clifton completing 26,754.2 metres of drilling in 85 drill holes. This drilling included 29 drill hole extensions and 56 new holes collared from surface. A total of 13,037.2 metres of reaming was completed in the historical holes, along with 13,717 metres of new core drilling in the extended holes and new holes collared from surface. Twelve of these holes were drilled to collect material for metallurgical testing that was sent to SGS Lakefield.

All 2011 drill hole program data 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 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").

Clifton currently has 2 drill rigs on the Beattie and Donchester properties embarking on a 20 hole drill program that has been approved for the first half of 2012. The drill program will take advantage of extending existing holes that either ended in mineralization or were stopped short of the North Zone. The primary focus of the drilling until the end of the year will be continued surface 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 identify 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 and Courtesy Courier to Activation Laboratories Ltd. (Ste-Germaine de Boule and Ancaster), 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. Check assay analyses are carried out by ALS Minerals, a laboratory that is also independent of the Company. 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 Mr. Fred Archibald, P.Geo, The content of this news release has been written and approved Mr. Louis Martin P.Geo, a Qualified Person as defined by National Instrument 43-101.

Duparquet Project
Drilling Results
Width
Drill Hole From (m) To (m) (m) Au g/t Section Zone
BD10-133 475.00 479.80 4.80 1.48 630900E NZ
BD10-133 520.90 552.40 31.50 2.03 630900E NZ
Including 520.90 524.00 3.10 4.23 630900E
And 531.10 537.20 6.10 3.07 630900E
And 545.80 552.40 6.60 3.23 630900E
BD10-134 NSA 630900E RS/RW
BD10-151 784.20 788.00 3.80 2.15 631200E NZ
Including 785.00 787.00 2.00 2.95 631200E
BD10-158 479.00 491.00 12.00 2.13 631200E RW
Including 479.00 487.00 8.00 2.83 631200E
BD10-168 497.00 529.90 32.90 1.64 630800E NZ
Including 509.00 517.00 8.00 2.57 630800E
And 524.00 527.00 3.00 2.86 630800E
BD10-170 530.00 566.00 36.00 2.25 630800E NZ
BD10-171 448.30 479.00 30.70 1.79 630700E NZ
Including 448.30 467.00 18.70 2.23 630700E
And 477.00 478.00 1.00 3.68 630700E
BD10-173 514.90 543.00 28.10 1.96 630700E NZ
Including 514.90 526.00 11.10 2.63 630700E
And 540.00 542.00 2.00 5.52 630700E
BD10-173 593.00 602.00 9.00 1.05 630700E NZ
BD10-178 494.50 501.90 7.40 3.21 630300E NZ
Including 496.30 500.30 4.00 5.24 630300E
BD10-180A NSA 630300E -
BD10-198 480.00 506.00 26.00 0.71 630800E RW
BD10-198 610.00 624.00 14.00 1.20 630800E NZ
BD10-198 635.00 661.00 26.00 1.09 630800E NZ
Including 651.00 657.00 6.00 2.32 630800E
BD10-218 522.46 529.00 6.54 0.90 630800E RW
BD10-218 720.40 753.40 33.00 1.99 630800E NZ
Including 721.40 736.40 15.00 3.28 630800E
BD10-223 585.60 611.00 25.40 1.34 630700E NZ
Including 590.60 594.00 3.40 3.23 630700E
BD10-223 626.00 634.20 8.20 2.17 630700E NZ
Including 627.00 629.00 2.00 5.38 630700E
BD10-223 645.00 651.80 6.80 1.47 630700E NZ
Including 650.10 650.90 0.80 5.78 630700E
BD10-225 501.00 505.00 4.00 1.86 630600E RW
Including 501.00 503.00 2.00 2.35 630600E
BD10-225 610.90 640.80 29.90 0.91 630600E NZ
Including 610.90 615.00 4.10 2.47 630600E
BD10-230 NSA 630300E SZ
BD10-232 667.20 670.30 3.10 5.90 631100E NZ
BD10-234 600.80 611.20 10.40 3.00 631100E NZ
Including 600.80 609.20 8.40 3.39 631100E
BD10-235 557.50 569.30 11.80 2.53 631100E NZ
Including 558.30 566.80 8.50 3.14 631100E
BD10-239 378.50 381.80 3.30 2.77 631100E NZ
Including 379.30 381.80 2.50 3.44 631100E
BD10-240 453.50 459.50 6.00 1.11 631100E NZ
BD10-253 423.30 450.00 26.70 0.83 630600E NZ
BD10-253 461.00 466.90 5.90 1.76 630600E NZ
Including 465.00 466.90 1.90 4.11 630600E
BD10-271 498.00 507.00 9.00 0.94 630600E NZ
BD10-271 524.00 530.00 6.00 1.23 630600E NZ
BD10-276 NSA 630400E NZ
BD10-277 348.80 407.10 58.30 2.06 630600E NZ
Including 348.80 349.60 0.80 3.32 630600E
And 354.90 356.50 1.60 3.05 630600E
And 361.10 368.90 7.80 2.99 630600E
And 387.00 407.10 20.10 3.05 630600E
BD10-280 NSA 630400E NZ
BD10-284 511.30 545.00 33.70 1.15 630500E NZ
Including 512.00 514.00 2.00 2.43 630500E
BD10-285 458.00 462.00 4.00 1.39 630500E RW
BD10-288A NSA 630300E RW
BD10-290 499.70 512.30 12.60 1.80 630500E NZ
Including 499.70 502.60 2.90 4.13 630500E
And 509.30 511.30 2.00 3.44 630500E
BD10-303 NSA 630800E NZ
BD11-329 NSA 630750E NZ
BD11-330 NSA 630800E NZ
BD11-331 23.90 29.00 5.10 2.06 630900E SZ
BD11-332 59.60 62.80 3.20 1.89 630050E WZ
Including 59.60 61.20 1.60 2.95 630050E
BD11-333 55.00 59.80 4.80 5.95 630100E WZ/RW
BD11-333 71.50 78.70 7.20 1.48 630100E WZ/RW
BD11-333 85.50 88.50 3.00 1.13 630100E WZ/RW
BD11-333 95.50 173.50 78.00 1.69 630100E WZ/RW
Including 106.00 137.00 31.00 2.55 630100E
And 150.00 154.00 4.00 2.03 630100E
And 161.00 165.00 4.00 2.82 630100E
BD11-333M 219.00 224.00 5.00 2.37 630100E NZ
BD11-334 NSA 630150E Met Hole
BD11-334M 4.00 45.00 41.00 2.08 630150E SZ
Including 4.00 11.00 7.00 2.94 630150E
And 27.00 45.00 18.00 2.65 630150E
BD11-335 8.00 24.60 16.60 9.02 630800E RW/RS
BD11-335M Met Hole 630800E
BD11-336 Met Hole 630800E RW/RS
BD11-336M 9.00 28.00 19.00 3.76 630800E RW
Including 14.00 27.00 13.00 4.88 630800E
BD11-337 30.0 32.0 2.0 1.13 630800E RW/RS
BD11-338 NSA 630800E RW/RS
BD11-339 5.0 82.0 77.0 2.94 630800E RW/RS
Including 5.0 37.0 32.0 5.42
BD11-340 21.0 50.0 29.0 1.69 630900E RW/RS
Including 25.0 32.0 7.0 2.87
BD11-341 39.0 77.0 38.0 1.74 630900E RW/RS
Including 58.0 76.0 18.0 2.76
D11-146 17.00 23.50 6.50 1.76 631900E SZ
D11-146M Met Hole 631900E SZ
D11-147 22.00 40.00 18.00 1.01 631900E SZ
Including 27.00 30.00 3.00 2.82 631900E
D11-147M Met Hole 631900E SZ
D11-147MM Met Hole 631900E SZ
D11-147MMM Met Hole 631900E
D11-148 108.90 127.00 18.10 2.29 631750E NZ
D11-149 157.00 189.30 32.30 1.66 631750E NZ
Including 163.00 176.00 13.00 2.88 631750E
And 187.00 189.30 2.30 2.28 631750E
D11-150 82.00 100.40 18.40 1.98 631500E NZ
D11-151 162.00 164.00 2.00 1.68 631500E NZ
D11-151 250.00 258.50 8.50 1.10 631500E NZ
Including 257.00 258.50 1.50 2.11 631500E
D11-152 45.00 52.00 7.00 0.64 631500E RW
D11-152 62.00 67.90 5.90 1.63 631500E RW
D11-152 79.00 83.80 4.80 1.14 631500E RW
D11-152 301.00 319.10 18.10 1.38 631500E NZ
Including 309.70 315.00 5.30 2.68 631500E
D11-153 371.00 378.00 7.00 1.94 631500E NZ
Including 372.00 375.00 3.00 3.06 631500E
D11-154 174.00 175.00 1.00 1.21 631500E
D11-155 126.0 129.0 3.0 1.66 631400E NZ
D11-156 113.1 120.0 6.9 3.63 631400E NZ
D11-157 196.8 221.0 24.2 1.29 631400E NZ
Including 196.8 199.0 2.2 3.14
D11-158 285.0 312.0 27.0 1.55 631400E NZ
Including 291.0 298.0 7.0 2.77
D11-159 235.0 240.0 5.0 3.64 631400E RS
Including 235.0 238.0 3.0 5.26
D11-160 146.0 147.8 1.8 1.78 631400E RS
D11-161 108.0 119.8 11.8 1.71 631400E RS
Including 110.0 114.6 4.6 2.76
CD11-01 13.00 50.00 37.00 1.79 633000E CD-Main
Including 21.00 24.00 3.00 5.28 633000E
And 45.00 50.00 5.00 4.02 633000E
CD11-01M Met Hole 633000E CD-Main
CD11-01MM Met Hole 633000E CD-Main
CD11-02 10.50 21.00 10.50 2.12 633000E CD-Main
Including 14.00 17.00 3.00 4.22 633000E
CD11-02A 15.00 34.10 19.10 1.59 633000E CD-Main
Including 15.00 18.00 3.00 3.10 633000E
And 30.00 32.00 2.00 3.64 633000E
CD11-03 48.00 67.00 19.00 4.86 632900E CD-Main
CD11-04 114.68 117.68 3.00 2.69 632900E CD-Main
CD11-04 325.00 334.00 9.00 3.74 632900E CD-F
CD11-05 140.00 144.05 4.05 5.04 633000E CD-Main
CD11-06 69.50 70.70 1.20 3.50 633150E CD-F
CD11-07 207.00 212.00 5.00 1.70 633000E CD-F
Including 208.00 209.00 1.00 4.11 633000E
CD11-07 409.00 416.00 7.00 1.69 633000E CD-Main
Including 409.00 411.00 2.00 3.89 633000E
CD11-07 459.00 464.00 5.00 1.93 633000E CD-Main
CD11-08 225.0 232.0 7.0 0.81 632800E CD-Main
CD11-09 83.00 96.00 13.00 1.24 632800E CD-Main
Including 88.00 92.00 4.00 2.76 632800E
CD11-10 217.9 218.7 0.8 2.19 632200E CD-Main
CD11-11 51.0 63.5 12.5 0.96 632200E CD-Main

Cautionary Statement on Forward Looking Information

Certain information included in this press release, including any information as to our future exploration, financial or operating performance and other statements that express management's expectations or estimates of future performance, constitute 'forward-looking statements' within the meaning of the 'safe harbor' provisions of the United States Private Securities Litigation Reform Act of 1995 and Canadian securities laws. The words 'expect', 'believe', 'will', 'intend', 'estimate' and similar expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties, risks and contingencies, including the possibility that drill programs will not yield the expected results. The Company cautions the reader that such forward -looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual financial results, performance or achievements of Clifton Star Resources to be materially different from the Company's estimated future results, performance or achievements expressed or implied by those forward- looking statements and that the forward-looking statements are not guarantees of future performance. These statements are also based on certain factors and assumptions. For more details on these estimates, risks, assumptions and factors, see the Company's most recent Form 20-F/Annual Information Form on file with the U.S. Securities and Exchange Commission and Canadian provincial securities regulatory authorities. The Company disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, events or otherwise, except as expressly required by law. Readers are cautioned not to put undue reliance on these forward-looking statements.

Figures are available at the following address : http://media3.marketwire.com/docs/120301_CFO_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.

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