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Comstock Metals Ltd.
Summary
| Project: | Preview SW | |
|---|---|---|
| Deposit: | Preview North Zone, Preview SW | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 6/7/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-6-2017: Comstock Metals Ltd. announces an Exploration/Drilling Update report for its Preview North Zone, Preview SW deposit at the Preview SW project. Drilling results incl. 0.9m @ 208g/t Au from 199.7m. Vancouver, BC – June 7, 2017 - Comstock Metals Lt | |
| Resources: | (Resource): 2.61Mt @ 1.89g/t Au (Ind.) and 5.7Mt @ 1.48g/t Au (Inf.) at project | |
| CP/QP: | [Overall Report]: David A. Terry, K. Raffle, C. Livingstone (Internal;APEX Geoscience Ltd.) | |
| ABSTRACT: | Vancouver, BC – June 7, 2017 - Comstock Metals Ltd. (TSX-V: CSL) (“Comstock” or the "Company") is pleased to report results from the balance of the winter diamond drilling program at its 100% owned Preview SW gold project located 40 km northeast of La Ronge, Saskatchewan. Significant weighted average intercepts from PR17-167-171 are presented in Table 1 below; results from the first three holes of the 2017 program (PR17-164-166), drilled at the Preview North zone, were reported in the Company’s May 8, 2017 news release. A total of 1,777 m was completed in eight NQ drill holes during the winter phase of the program prior to pausing for spring breakup. Five holes totalling 945 m were completed at Preview North (PR17-164-168) and three holes totalling 832 m at the northern area of the Preview SW deposit (PR17-169-171). Planning for a summer program at Preview SW is advancing and an update on targets and timing will be announced shortly. The 2017 Preview North zone holes were designed to test for lateral and down-dip extensions to multiple high-grade gold intercepts previously reported from PR13-163 (17.98 g/t Au over 5.71 m starting at 10 m below surface, 5.96 g/t Au over 5.66 m starting at 19 m below surface and, 1.88 g/t Au over 21.26 m starting at 29 m below surface1). Each of the 2017 holes encountered multiple zones of gold mineralization associated with quartz-carbonate vein zones and variable sulphide content in sheared intermediate-mafic meta-volcanic rocks; visible gold was observed in drill hole PR17-164 and 17PR-165. The new drilling, combined with historical work, has outlined a composite zone of up to 5 parallel shear hosted veins/vein zones extending 200 m along strike and to a depth up to 100 m below surface. | |
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