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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (1013)6/3/2013 1:50:42 PM
From: Goose94Read Replies (2) of 202790
 
Comstock Metals (CSL-V) begins QV exploration, drilling commenced on June 2nd, '13

June 3rd, 2013 - News Release

Comstock Metals Ltd. has started the exploration program on its QV project in Yukon. Drilling on the newly discovered VG zone commenced as of June 2, 2013. A cold spring in Yukon 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, the Stewart and Shadow zones, in addition to the VG zone.

The VG zone was discovered last year by following up a 394-part-per-billion gold-in-soil 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 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 orebody. 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 that discovered Kinross's Golden Saddle deposit, including Shawn Ryan and Adrian Fleming. The company also announces issuance of options for 25,000 shares at the price of 21 cents to certain officers and consultants.

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