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Comstock Metals Ltd.

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Summary

Project:

QV

Deposit:QV
Location:Canada
Commodities:Gold
Date:12/19/2016
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:19-12-2016: Comstock Metals Ltd. announces an Exploration/Drilling Update report for its QV deposit at the QV project. Drilling results incl. 64.01m @ 0.103g/t Au from 60.96m. Vancouver, BC – December 19, 2016 - Comstock Metals Ltd. (TSX-V: CSL) (“Comstoc
Resources:(Resource, Inf.): 4.4Mt @ 1.65g/t Au for 230000 oz contained
CP/QP:[Overall Report]: David Terry, Jodie Gibson (Internal;Groundtruth Exploration Inc.)
ABSTRACT:Vancouver, BC – December 19, 2016 - Comstock Metals Ltd. (TSX-V: CSL) (“Comstock” or the "Company") is pleased to report the balance of results from its 2016 Rotary Air Blast (RAB) drilling program at its +16,335 hectare QV Property located in the White Gold district of the Yukon Territory (the “QV Property”). The program, which wrapped up in November, consisted of a total of 2,423.15 m of RAB drilling in 34 holes. Results for the first 23 holes (16QVRAB001-023) were reported in the Company’s October 13, 2016 and November 8, 2016 news releases and are summarized along with the balance or the results herein. The RAB drilling program has successfully demonstrated that the QV deposit is open to expansion to the southwest and northeast, and, that further drilling on the Shadow and Stewart targets is required to evaluate their potential. The Company also reports it is finalizing plans for a winter exploration program on its 100% owned Preview SW resource-stage gold project northeast of La Ronge, Saskatchewan (see description below in “About Comstock Metals Ltd.” and the Company’s website for more details). The program is expected to include ground geophysical surveying and diamond drilling. Further information on the planned program will be provided in early 2017.

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