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Comstock Metals Ltd.
Summary
| Project: | QV | |
|---|---|---|
| Deposit: | Shadow, Stuart | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 11/8/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 8-11-2016: Comstock Metals Ltd. announces an Exploration/Drilling Update report for its Shadow, Stuart deposit at the QV project. Drilling results incl. 57.91m @ 1.89g/t Au from 83.82m. Vancouver, BC – November 08, 2016 - Comstock Metals Ltd. (TSX-V: CSL) | |
| 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 – November 08, 2016 - Comstock Metals Ltd. (TSX-V: CSL) (“Comstock” or the "Company ") is pleased to provide an update on its ongoing 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”). A total of 2,299.70 m of RAB drilling have been completed in 32 holes since commencing drilling in late August (see Comstock news release August 30, 2016). Results for the first 12 holes (16QVRAB001-012) were reported in the Company’s October 13, 2016 news release and results for RAB holes 13 to 23 (16QVRAB013-023) are reported herein. The samples from RAB hole numbers 24 to 32, which includes drilling at the Shadow and Stewart targets on the QV Property, are currently in the lab and results will be reported in the future once received and interpreted. The RAB drill program has been designed to inexpensively and rapidly screen numerous prospective targets within the QV Property for subsequent follow-up with a diamond drill program. These prospective target areas include the VG deposit area, as well as the previously undrilled Shadow and Stewart targets. At the VG deposit gold mineralization is hosted within units of massive silicified gneiss cut by swarms of quartz vein stockwork and breccia, with disseminated and vein controlled pyrite, and more rarely visible gold. RAB drilling to date has primarily focussed on identifying extensions to the VG deposit, which dips northward at approximately 30°, both to the east (16QVRAB005-016) and west (16QVRAB017-023) along strike. In addition, initial RAB drilling has been carried out on both the Shadow and Stewart targets, based on a combination of GT probe results, soil geochemical anomalies and resistivity low anomalies . The samples from the RAB drilling carried out at Shadow and Stewart targets are currently in the lab; analytical results will be released in the future once they have been received and interpreted. Resistivity lows in many cases correlated well with mineralized zones intersected in the 2012/13 core drilling program on the VG zone. | |
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