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Comstock Metals Ltd.

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Summary

Project:

QV

Deposit:QV
Location:Canada
Commodities:Gold
Date:12/18/2017
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:18-12-2017: Comstock Metals Ltd. announces an Exploration/Drilling Update report for its QV deposit at the QV project. Drilling results incl. 51.20m @ 1.48g/t Au from 98m. Vancouver, BC – December 18, 2017 - Comstock Metals Ltd. (TSX-V: CSL) (“Comstock” o
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Kristopher Raffle, Christopher Livingstone (APEX Geoscience Ltd.)
ABSTRACT:Vancouver, BC – December 18, 2017 - Comstock Metals Ltd. (TSX-V: CSL) (“Comstock” or the "Company") is pleased to report the results from the fall diamond drilling program carried out at its +16,000 hectare QV gold project, located in the heart of White Gold district of the Yukon Territory (the “QV Property”). A total of 904.4 m of HQ drill core in 6 holes were drilled on the western flank of the VG gold deposit; 3 were completed to target depth while the remainder did not reach planned depth due to drilling problems related to faulting (Map 1). Drilling in this area was designed to follow up on the successful 2016 rotary air blast (RAB) drilling program (see December 19, 2016 news release) and extend the VG deposit footprint westward. We are pleased to have validated the RAB drill results from 2016 through diamond drilling on the western flank of the VG deposit with two significant gold intercepts in holes QV17-018 and 019. I am encouraged that we are still seeing evidence of discrete zones of higher-grade gold mineralization. Although ground conditions at the western end of the VG deposit presented some difficult drilling challenges, we were successful in extending the limits of the VG mineralization to the west. Further drilling will be required to understand the faulting and the extent and distribution of the high-grade zones we have encountered in several of the western holes. We also have yet to drill test the eastern extent of the VG deposit which remains open”

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