Monday, June 03, 2013 1:28:12 PM
http://www.comstock-metals.com/news/index.php?&content_id=100
June 3, 2013, Vancouver, British Columbia - Comstock Metals Ltd. (TSX-V: CSL) (“Comstock” or “the Company”) is pleased to announce the start of the exploration program on its QV Project in the Yukon. Drilling on the newly discovered VG Zone has commenced as of June 2, 2013. A cold spring in the Yukon Territory has caused a late start to exploration activities.
The QV exploration program includes follow-up drilling on the VG Zone discovery as well as soil-sampling and trenching on two new zones, namely Stewart and Shadow Zones, in addition to the VG Zone.
The VG Zone was discovered last year by following up a 394 ppb gold-in-soils anomaly. Trenching and subsequent drilling discovered the VG Zone, which is geologically similar to the adjacent Kinross Gold’s Golden Saddle deposit. Seven out of eight diamond-drill holes intersected significant gold mineralization, including 2.34 grams per tonne gold (g/t Au) over 89.85 metres (m) including 3.04 g/t Au over 45.50 m. The current 2013 drilling program will focus on expanding the length and the width of the zone to determine the size of the ore body. Follow-up Phase 2 program on the VG Zone will be contingent on the results from the current drilling. The Company is assisted by the team who discovered Kinross’s Golden Saddle deposit, including Shawn Ryan and Adrian Fleming. The Company also announces issuance of 25,000 options at the price of $0.21 to certain officers and consultants.
About Comstock Metals Ltd.
Comstock Metals’ flagship project is the QV Property in the Yukon Territory, which covers 14,180 hectares (35,000 acres) within the prolific White Gold District in the Yukon Territory, about 70 kilometres south of Dawson City. Kinross Gold's Golden Saddle deposit is 10 km to the southeast, and Kaminak Gold's Coffee projects are about 40 km to the south.
Comstock's Corona Gold-Silver Property is located in the prolific Sierra Madre Occidental in Chihuahua, Mexico. The Company completed a drill program in the spring of 2012, which discovered two new zones of gold and silver mineralization.
For more information about Comstock Metals Ltd., please go to www.comstock-metals.com or contact:
Rasool Mohammad, B.Sc. (Mining), President & CEO
Larry Johnson, B.Sc. (Geology), Chief Financial Officer
COMSTOCK METALS LTD.
Phone: (604) 639-4533
Email: info@comstock-metals.com
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM