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cliffmont resources ltd (CMO) Snapshot

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04/26/13 - C$0.22
52 Week Low
03/27/14 - C$0.04
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cliffmont resources ltd (CMO) Details

Cliffmont Resources Ltd., a junior resource company, engages in the acquisition and exploration of mineral properties in Colombia. The company focuses on precious and base metal properties. It holds an interest in the San Luis gold project that covers approximately 2,701 hectares in Huila, Colombia. The company was formerly known as Atlas Minerals Inc. and changed its name to Cliffmont Resources Ltd. in February 2010. Cliffmont Resources Ltd. is headquartered in Vancouver, Canada.

cliffmont resources ltd (CMO) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$102.5K
Chief Financial Officer
Total Annual Compensation: C$25.0K
Compensation as of Fiscal Year 2012.

cliffmont resources ltd (CMO) Key Developments

Cliffmont Provides Corporate Update

Cliffmont Resources Ltd. to provide a corporate update to shareholders. The company continues to work diligently towards the exploitation of vein hosted gold mineralization at its high-grade San Jorge gold project and is currently updating final environmental permits necessary for exploitation. Sitting within the San Luis project (2,623 ha) the San Jorge mine is a separate exploitation title optioned by Cliffmont. The mine was closed in 2011 due to flooding in its tunnels and a lack of access to modern mining and dewatering technology. The company has worked to enhance the existing environmental permit recently at San Jorge for an increased production capacity up to 100 tonnes per day. The company has also been focusing on other aspects equally important to the long-term sustainability at San Luis/San Jorge including the recent installation of a telecommunications tower, an effort led and co-ordinated by Cliffmont personnel. Through its drill program Cliffmont demonstrated the site's continuity of mineralization to depth. Drilling also confirmed that San Jorge's northern high-grade gold and silver mineralization increased in grade to (at least) 80 metres depth and remains open. Some significant drilling highlights included: Hole SLD-01, intersected 11.44 g/t gold over 2.08 metres approximately 70 metres below the level of the TVX sampling (Level 1872). The results of this hole indicate a sizeable area of potential mineralization. Hole SLD-19, drilled approximately 50 metres north of SLD-01, intersected gold mineralization, at a depth of 80 metres averaging 39.24 g/t gold & 15.35 g/t silver over 2.40 metres including 0.40 metres averaging 235 g/t gold and 90.70 g/t silver. The intersection, which is open, confirms the continuity of mineralization below the mine and to the north. Hole SLD-04 intersected gold mineralization averaging 17.87 g/t gold over 3.00 metres, including 0.50 metres averaging 106 g/t gold approximately 40 metres below the level of the TVX sampling (Level 1872). The intersection demonstrates the continuity of the mineralization to depth.

Cliffmont Resources Ltd, Annual General Meeting, Mar 31, 2014

Cliffmont Resources Ltd, Annual General Meeting, Mar 31, 2014.

Cliffmont Resources Ltd Auditor Raises 'Going Concern' Doubt

Cliffmont Resources Ltd filed its Annual on Jan 28, 2014 for the period ending Sep 30, 2013. In this report its auditor, Davidson & Company, gave an unqualified opinion expressing doubt that the company can continue as a going concern.


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