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Comstock Mining, Inc. (LODE)

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Last Post: 10/15/2019 10:00:03 AM - Followers: 271 - Board type: Free - Posts Today: 0


Invest in American gold mining company with resources of over 3.2 million gold equivalent ounces on just 10% of explored land holdings in Nevada.

About Comstock Mining Inc.

Comstock Mining Inc. is a Nevada-based, gold and silver mining company with extensive, contiguous property in the Comstock District. The Company began acquiring properties in the Comstock District in 2003. The company went public in 2011. Since then, the Company has consolidated a significant portion of the Comstock District, amassed the single largest known repository of historical and current geological data on the Comstock region, secured permits, built an infrastructure and commenced surface mining production in 2012. The company is currently evaluating and planning for land exporation and underground production to begin in 2018.

The Company continues acquiring additional properties in the district, expanding its footprint and creating opportunities for further exploration, development and mining. The near term goal of our business plan is to deliver stockholder value by validating qualified resources (measured and indicated) and reserves (proven and probable) of at least 3,250,000 gold equivalent ounces from our first two resource areas, Lucerne and Dayton, achieve initial commercial mining and processing operations in the Lucerne Mine with annual production rates of approximately 40,000 gold equivalent ounces and significantly grow the commercial development of our operations through coordinated, district wide plans that are economically feasible and socially responsible. Auramet International was the buyer of the gold and silver mined by Comstock Mining. The company mantains very low debt and is a prime target for acquisition. GF Capital based in Manhattan recently invested $10.7 million dollars with of working capital into the company. On July 26, 2017 the company announced it is finalizing joint venture deals with two larger mining companies. On October 2017 the company acconunced they have partnered with Tonogold and Cycledex. The Company did a 5:1 reverse split on November 10, 2017 to satisfy NYSE listing requirements.

Contact information for Comstock Mining Inc.

P.O. Box 1118
Virginia City, Nevada 89440

Main: 775.847.5272
Investors: 775.847.0545
Fax: 800.750.5740

Corrado De Gasperis, President, CEO
E-mail: info@comstockmining.com

Comstock Lode History

The Comstock lode district is profoundly historic in that over 400 companies were once involved in a booming mining supply chain, with over 230 mills operating in the district. The area produced almost 200 million ounces of silver and over 8 million ounces of gold in the late 1800s and early 1900s. It was cosmopolitan in a very big way, with the establishment of Virginia City, Silver City and Gold Hill. Nevada and the Comstock played a meaningful role in the Union winning the Civil War, and that facilitated statehood for the Nevada territory.

The boom turned to bust when the old timers stopped mining, and because the claims were so fragmented it was difficult for modern techniques to get traction. There has been some form of mining on the Comstock lode every decade since then, but it wasn’t until we started consolidating the claims in the district that a true, sustainable return to modern mining proved possible.

Since 2003, we have consolidated over 8,000 acres of land, all under one company, representing over 10 square miles. I think that’s what’s most unique — that we are the first company to truly consolidate substantially all of the Comstock under one roof.

Coincidently, we started consolidating all of the available historic data. There’s been so much history and so much previous activity, but it was never effectively consolidated or coordinated. We were able to build on that, combining the history with additional modern techniques like geophysical data analysis, metallurgical analysis, current surface mapping data and prior drill data all into one three-dimensional, geostatistical model. Those efforts resulted in a significantly longer definition of the district, at least for the mineralized strike, from over to 2 miles to almost 6 miles in length, and ultimately, to new discoveries in the center and the southern parts of the district.

- CEO Corrado DeGasperis

Recent Drill Results Lucerne Underground

Comstock Mining Announces Best Intercepts and Widths To-Date
Lucerne Underground Intercepts 0.429 opt Au (14.72 g/t) 1.217 opt Ag (41.73 g/t) over 37 ft (11.2m) - See more at: http://www.comstockmining.com/#sthash.uPFamoLM.dpuf
Comstock Mining Announces Additional High-Grade Intercepts and Succor Breakthrough
Intercepts 0.823 opt Au (28.23 g/t) over 36.5 ft. and separately 7.500 opt Ag (257.11g/t) over 5 ft. - See more at: http://www.comstockmining.com/#sthash.uPFamoLM.dpuf
Comstock Mining Announces Additional High-Grade Gold and Silver Intercepts 
Intercepts 0.391 opt Au (13.39 g/t Au) and 1.635 opt Ag (56.06 g/t Ag) over 40 Feet! - See more at: http://www.comstockmining.com/#sthash.uPFamoLM.dpuf
Comstock Mining Announces Multiple High-Grade Gold and Silver Intercepts
Intercepts 1.269 opt Au (43.50 g/t Au); and separately 7.100 opt Ag (243.40 g/t Ag); both over 5 Feet - See more at: http://www.comstockmining.com/#sthash.uPFamoLM.dpuf

Recent Drill Results Dayton Resource Area
Of the 408 holes drilled, 245 contained intercepts of 10 feet or more in length with gold grades exceeding or equal to 0.015 ounces per ton (opt.), and with an overall weighted average grade of 0.035 opt Au and 0.323 opt Ag. Out of those same 245 holes, a total of 32 contained intercepts of 10 feet or more in length with an average Au grade exceeding or equal to 0.100 opt Au., and with an overall average weighted grade of 0.148 opt Au and 0.694 opt Ag (Table 2). - See more at: http://www.comstockmining.com/news/press-releases?start=11#sthash.RoxD8nvC.dpuf
Table1 and Table2 near the bottom of the page in this link. http://www.comstockmining.com/news/press-releases?start=11







 Independent Analysis:

Bob Moriarty, 321gold (10/29/10)

"Where over 400 different mining companies once fought to extract high-grade silver and gold ore from the Comstock Lode in Virginia City, Nevada, one company exists today. . .Comstock Mining. Catchy name and no one is going to forget it anytime soon. This company is going to be the Diamond Fields of Voisey's Bay fame. That was the giant find in 1993 that lit the market on fire. The project was sold in 1996 for $4.3 billion. This is the big Kahuna. This is the company that is going to ignite the junior market in this cycle. It will be sold for a lot more than $4.3 billion when it hits the auction block.

Comstock Mining is going to change the mining business in the United States and North America. Maybe the world. John Winfield is self-made. He's rich already and he's not married to doing things the way they have always been done. I went to meet him and his team. He had never heard of either Diamond Fields or Voisey's Bay. That's a good thing. He can think for himself. . .I love the company. This is going to totally change investing in gold and silver stocks. It's a real mining company run by real mining people and it's going to make a lot of people rich."

   Andy Hoffman, Travel Dispatch (03/07/11)

"Comstock Mining has done what most industry observers thought impossible-consolidate claims from one of the most famous silver and gold discoveries in history with over 6,500 acres of property. . .and from what I saw, it would come as no surprise if the activity of the late 1800s Comstock silver and gold rush repeats over the next decade and beyond, only this time with ONE COMPANY controlling the ENTIRE DISTRICT utilizing modern mining methods and management."


 Roger Wiegand, Trader Tracks (11/30/10)

"We just read Robert Moriarty's review of Comstock Mining Inc. We do not normally recommend OTCBB shares but this is an exception. . .visit 321gold.com to read Bob's fine report, Rebirth of the Comstock Lode.

Comstock Mining is trading this morning at about US$3.27. There are 18.9M shares outstanding (90M upon a conversion). . .We have wondered for many years as to why this mining camp had not been reopened. The 321gold story will explain why. Primarily, the property was tied up in extended litigation for many years but has now been resolved. 

We recommend buying the shares for the longer view and do not expect to recommend trading in and out on this one for numerous reasons. That could change, but we don't think so. We recommend buying the shares with no stops. Tuck this one away for the primary upside in the gold, silver and commodities cycle that we think will last many more years."


 Live New York Gold Chart [Kitco Inc.]  Live New York Silver Chart [ Kitco Inc. ]

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#22816   VIRGINIA CITY, Nev., Oct. 15, 2019 (GLOBE NEWSWIRE) Rock Hound 10/15/19 10:00:03 AM
#22815   Just poking around on the web and decided saildone 10/06/19 09:55:56 AM
#22814   maybe when and if the dilution ever stops. JB3136 10/02/19 02:06:00 PM
#22813   Oops. Headline today: Rock Hound 10/02/19 01:58:29 PM
#22812   At some point, all this good news is Rock Hound 10/02/19 12:04:49 PM
#22811   Comparing this Comstock PR to the Tonogold PR saildone 10/02/19 12:56:25 AM
#22810   It sure is. saildone 10/02/19 12:53:11 AM
#22809   The Stategic Update immediately below is comprehensive and maxbet 10/01/19 07:23:17 AM
#22808   Comstock Mining Provides Strategic Update; Opportunity Zone Fund, maxbet 10/01/19 07:21:01 AM
#22807   Thanks, saildone 10/01/19 04:31:39 AM
#22806   Saildone-they are still purchasing the Lucerne (Comstock Mining LLC). phx85 09/30/19 07:10:49 PM
#22805   Thank you, Phx saildone 09/30/19 03:48:39 PM
#22804   Saildone, No, they will not have the cash to phx85 09/28/19 09:24:55 AM
#22803   Hi Phx, saildone 09/28/19 12:40:01 AM
#22802   Beautifully covered, thanks PHX85 Looking4BIGcash 09/27/19 02:22:08 PM
#22801   Rock Hound - I'm not sure how long phx85 09/27/19 12:40:46 PM
#22800   Excellent find, thanks. Looking4BIGcash 09/27/19 10:24:34 AM
#22799   Some details for you to consider; Looking4BIGcash 09/27/19 09:58:28 AM
#22798   Well said. saildone 09/27/19 06:31:41 AM
#22797   When I first began to buy LODE, years Rock Hound 09/26/19 10:23:16 AM
#22796   Well, if you came to LODE looking for Looking4BIGcash 09/25/19 04:07:01 PM
#22795   Actually... you might not realize that there are Looking4BIGcash 09/25/19 03:56:34 PM
#22794   Rock Hound, successful mining companies have: masomenos 09/25/19 03:33:10 PM
#22793   I see why you say Silver Springs and saildone 09/25/19 07:52:02 AM
#22792   I cannot, despite my best efforts and duly Rock Hound 09/24/19 09:47:20 AM
#22791   I’m willing to bet that we hear about maxbet 09/24/19 02:56:36 AM
#22790   A few more weeks and the pressure to saildone 09/24/19 01:42:11 AM
#22789   * * $LODE Video Chart 09-23-2019 * * ClayTrader 09/23/19 04:13:42 PM
#22788   News: $LODE Comstock Mining Schedules Lucerne Closing for whytestocks 09/23/19 01:00:25 PM
#22787   Comstock Mining Schedules Lucerne Closing for October 15; maxbet 09/23/19 08:58:06 AM
#22786   LODE your moving. Thess 09/20/19 08:45:45 AM
#22785   My reference is to TNGLs endeavor. Do you maxbet 09/19/19 09:49:45 PM
#22784   It's not foolish if what you are really masomenos 09/19/19 06:29:27 PM
#22783   It would appear there is a lot riding maxbet 09/19/19 04:12:33 PM
#22782   This company, in all its operations starting in masomenos 09/19/19 01:50:38 PM
#22781   Or they are done and you have a maxbet 09/19/19 01:13:27 PM
#22780   they don't seem to be done diluting yet JB3136 09/18/19 01:48:44 PM
#22779   Here it is mid-September and we should be saildone 09/17/19 07:41:19 PM
#22777   Now to hear from tonogold and/or Cycladex saildone 09/04/19 09:09:39 PM
#22776   And this; https://www.nasdaq.com/press-release/comstock-mining-updates-mercury-remediation-vent saildone 09/04/19 09:00:09 PM
#22775   Itronics Testing Breakthrough Technology Rock Kleen System for harpe5368 09/04/19 01:37:22 PM
#22774   Yes, Tngl certainly seems to have a problem saildone 08/20/19 07:44:53 PM
#22773   I commend you on your thoughts. Needless to Arcangues 08/20/19 12:28:52 PM
#22772   Do you believe what the CEO says? Looking4BIGcash 08/19/19 03:42:53 PM
#22771   lemme know when the dilution dumping stops then JB3136 08/15/19 03:44:19 PM
#22770   News: $LODE Comstock Mining Announces Second Quarter 2019 whytestocks 08/15/19 01:10:30 PM
#22769   This is the world of junior explorer/developer/miner. phx85 08/15/19 10:23:11 AM
#22768   Disappointing Q2 Report Rock Hound 08/15/19 09:24:11 AM
#22767   I had to read announcement that twice, as Rock Hound 08/15/19 12:11:06 AM
#22766   Comstock Mining Advances Lucerne Sale Towards Near-Term Closing; maxbet 08/14/19 05:46:31 PM