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September continued to be a stupendous month for gold as the precious metal scaled new highs amidst anticipation of a rate cut from the United States Federal Reserve. There is anticipation that the rates would be cut next week, and that led to another rally in gold as the price hit $2550 an ounce. It continued a sustained rally in the metal since March, and in such a situation, it could be a good time for investors to consider taking a look into listed gold exploration companies.
One of the companies that could well be worth tracking at this point in time is Clifton Mining Company (OTC:CFTN). The continued weakness of the dollar, coupled with the looming uncertainties with regards to the presidential election, has also contributed to a move towards gold among investors. In times of such uncertainties, investors tend to flock to secure assets like gold.
Clifton Mining has been in the gold exploration and production business since as far back as 1993, and in addition to the yellow metal, it is also focused on lead and silver. The company conducts its exploration activities on its property located on the Nevada-Utah border, spanning across 14027 acres.
The property also boasts of both lode claims and patented claims. To top it all off, Clifton Mining also boasts of a production mill with a capacity of 250 tons a day. Clifton Mining also went into a venture with Desert Hawk Gold Crop, and the venture has proven to be a success so far.
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