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Comstock Mining, Inc. (LODE)

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Last Post: 5/15/2019 12:40:39 PM - Followers: 274 - 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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#22679   News: $LODE Comstock Mining and Lyon County Receive whytestocks 05/15/19 12:40:39 PM
#22678   The news was not earth-shaking. Comstock received Rock Hound 05/15/19 11:59:00 AM
#22677   Trading halted in Comstock Mining due to news pending. Rock Hound 05/15/19 11:46:09 AM
#22676   Thanks for the link to the conference call. Rock Hound 05/13/19 11:17:04 AM
#22675   Preferred to read it on SA. saildone 05/12/19 08:58:00 PM
#22674   Audio of Q1 conference call. Give it a spin. maxbet 05/11/19 08:58:19 PM
#22673   good NEWS beambe 05/09/19 10:50:35 AM
#22672   News: $LODE Comstock Mining Announces First Quarter 2019 Results whytestocks 05/09/19 10:20:41 AM
#22671   Not only do we get paid for lucerne maxbet 05/09/19 02:29:19 AM
#22670   RENO, Nev., May 07, 2019 (GLOBE NEWSWIRE) -- harpe5368 05/07/19 07:51:57 PM
#22669   Initially the agreement was for a 51% stake saildone 05/06/19 08:44:38 PM
#22668   That LODE conference call at 11 am Eastern Rock Hound 05/06/19 02:06:31 PM
#22667   This is great news. Rock Hound 05/06/19 10:16:59 AM
#22666   Comstock Announces Solid Progress on Lucerne Transaction; Tonogold maxbet 05/06/19 08:23:53 AM
#22665   Comstock Mining Announces Notice of First Quarter 2019 maxbet 05/02/19 09:30:52 AM
#22657   Itronics Reports 2018 Year End Results; Updates Operations Azusa423 04/17/19 12:58:40 AM
#22656   Potential upcoming news for LODE: maxbet 04/11/19 11:05:23 AM
#22655   Slowly, slowly LODE is beginning to move. It Rock Hound 04/09/19 01:37:07 PM
#22654   Yeah someone is definitely purposely keeping this stock Tx Girl 04/04/19 06:51:40 AM
#22653   I dont know about you but I’m enjoying maxbet 03/27/19 12:47:19 PM
#22652   It's a long way back to a dollar....Quarter ThatHawaiiGuy 03/27/19 11:55:52 AM
#22651   It is over 0.21 this morning. I think Rock Hound 03/27/19 09:46:28 AM
#22650   Someone is purposely keeping this stock down by Tx Girl 03/26/19 11:27:20 AM
#22649   Looks like LODE is beginning to recover from shermann7 03/21/19 12:57:48 PM
#22648   Up 8% today on low vol... maxbet 03/20/19 12:10:25 PM
#22647   I was thinking the same thing. I think Tx Girl 03/19/19 02:13:10 PM
#22646   Another million. Rock Hound 03/19/19 10:02:13 AM
#22645   Hey Shermann. Nice to see you here. ;-) Juancy 03/02/19 09:26:24 PM
#22644   Buying !!! Impacto 02/27/19 12:20:15 PM
#22643   We knew they needed money - This will shermann7 02/27/19 10:53:26 AM
#22642   What a knucklehead. Stock starts to make a Ace321 02/27/19 10:30:41 AM
#22641   Filing financial statements can’t really be described as aidytrader 02/27/19 09:26:02 AM
#22640   Pump yesterday.... DUMP today ! Cjski68 02/27/19 09:03:24 AM
#22639   * * $LODE Video Chart 02-26-2019 * * ClayTrader 02/26/19 05:54:03 PM
#22638   Huge S-3 just released after-hours. Details all tymerz 02/26/19 05:36:16 PM
#22637   Got myself a LODE QUANTUM314 02/26/19 04:11:02 PM
#22636   Extension granted and airport sale signed agreement!! maxbet 02/26/19 03:16:19 PM
#22635   There is a real possibility still with a harpe5368 02/14/19 09:33:02 PM
#22634   I doubled up in LODE this A.M. - shermann7 02/11/19 10:39:08 AM
#22633   I hope you sold at .18 wshaw14 02/08/19 09:57:23 PM
#22632   LODE is such a Major Buy opportunity right shermann7 02/07/19 02:28:41 AM
#22630   wow SlaptheSwing 02/06/19 10:56:03 PM
#22629   Thanks again for your helpful comments. Rock Hound 02/05/19 07:01:20 PM
#22628   I would need to see the 10K (not phx85 02/05/19 12:48:38 PM
#22627   Thanks for publishing these 2018 year end results Rock Hound 02/05/19 10:54:34 AM
#22626   Comstock Mining Announces 2018 Year End Results; Advances phx85 02/05/19 10:21:07 AM
#22625   I buy American Eagles all the time for Full Contact Yoga 02/05/19 08:55:36 AM
#22624   I am not sure whom on this board shermann7 02/05/19 12:09:33 AM
#22623   "Nice"????? $100.50 per troy oz is nice???? mcokpba 02/05/19 12:08:12 AM
#22622   $LODE actually has coins on their website.. Nice! https://www.comstockmining.com SlaptheSwing 02/04/19 11:17:28 AM