Dumont sells Utah properties for cash plus royalty

July 17, 2009 Filed Under: Copper Mining, Diamond Mining, Precious Metal  
Dumont sells Utah properties for cash plus royalty

Dumont Nickel Inc. announce that it has concluded a sale of its Utah mineral properties and interests in the Clifton-GoldHill District to Clifton Mining Company (CFTN:USOTC) for USD$255,000 cash and a 0.5% net smelter return royalty against future production proceeds from certain parts of the properties. Dumont established the Utah Joint Venture in 2002 (announced December 18, 2002) with Clifton Mining...