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Comstock Metals Ltd.

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Summary

Project:

Preview SW

Deposit:Preview North zone
Location:Canada
Commodities:Gold
Date:1/31/2019
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:31-1-2019: Comstock Metals Ltd. announces an Exploration/Drilling Update report for its Preview North zone deposit at the Preview SW project. Drilling results incl. 23.6m @ 3.60g/t Au from 50.40m. Vancouver, BC / TheNewswire / January 31, 2019 – Comstock
Resources:(Resource): 2.61Mt @ 1.89g/t Au (Ind.) and 5.7Mt @ 1.48g/t Au (Inf.) at project
CP/QP:[Overall Report]: Kristopher Raffle, Christopher Livingstone (APEX Geoscience Ltd.)
ABSTRACT:Vancouver, BC / TheNewswire / January 31, 2019 – Comstock Metals Ltd. (TSX-V: CSL) (“Comstock” or the “Company“) is pleased to report the results from the winter diamond drilling program at its 100% owned Preview SW gold project, located 40 km northeast of La Ronge, Saskatchewan. These results are from 5 NQ diameter drill holes, totalling 810 metres, completed at the Preview North zone (“Preview North”). “We are very pleased with the results from our winter drilling program at Preview North. The discovery of multiple occurrences of visible gold in 4 of the 5 holes drilled with corresponding highgrade intercepts continues to validate the Company’s Preview North zone exploration strategy”, commented Comstock’s Interim CEO Steven H. Goldman. The Preview North zone is located approximately 2.6 km northeast of the Preview SW deposit which hosts Indicated resources containing 158,300 ounces of gold (2.61 million tonnes grading 1.89 g/t Au) and Inferred resources containing 270,800 ounces of gold (5.70 million tonnes grading 1.48 g/t Au)1 , both based on a 0.50 g/t Au cut-off grade (see Comstock’s news release dated September 14, 2016).

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