Comstock Inc (LODE)

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Comstock Mining Progresses Strategic Activities

Full PR: http://www.globenewswire.com/news-release/2017/05/12/984221/0/en/Comstock-Mining-Progresses-Strategic-Activities.html


The relevent part of the PR:

"The Company recently extracted additional mineralized samples from the Dayton Resource Area, for the purpose of assessing optimum metallurgical feasibility for the Dayton mineralized material. The samples were crushed, agglomerated and loaded into four ten-foot columns for leach pad simulation. These simulations are located on-site, in the Company’s metallurgical labs, and funded by U.S. National Science Foundation research grants through Cycladex Inc., a strategic investee and partner. This simulation is focused on comparing cyanide-based leaching alongside “Cycladex Lixiviant” based leaching so we can provide a preliminary assessment for determining the fastest, most efficient and economically feasible process solution.

Mr. De Gasperis noted, “We completed a scoping column test in the first quarter and have now established four, full metallurgical column tests, two cyanide and two non-cyanide, running parallel, that support and advances the feasibility study for establishing proven and probable reserves at the Dayton Mine. Preliminary results from these columns would be available mid-July.”

The Company also advanced three out of four strategic venture discussions this week and anticipates that at least one transaction will occur during the second quarter."