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Comstock Metals Ltd.
Summary
| Project: | QV | |
|---|---|---|
| Deposit: | VG, Shadow, Stuart | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 10/13/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-10-2016: Comstock Metals Ltd. announces an Exploration/Drilling Update report for its VG, Shadow, Stuart deposit at the QV project. Drilling results incl. 18.29m @1.81g/t Au from 0m. Vancouver, BC – October 13, 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 (Internal) | |
| ABSTRACT: | Vancouver, BC – October 13, 2016 - Comstock Metals Ltd. (TSX-V: CSL) (“Comstock” or the "Company") is pleased to provide an update on its ongoing exploration program at its QV gold project, Yukon. A total of 1788.28 m has been completed in 24 holes (see Map 1) since commencing a Rotary Air Blast (RAB) drill program in late August (see Comstock news release August 30, 2016) and results for the first 12 holes are reported herein. The RAB drill program has been designed to inexpensively and rapidly screen numerous prospective targets in the VG deposit area, and at the Shadow and Stewart targets, for subsequent followup with a diamond drill program. The Phase I surface exploration program, carried out in July and August, comprised 5.46 line km of IP/resistivity surveying at the VG, Shadow (12 km northwest of VG) and Stewart (5 km northeast of VG) targets, 359 GT Probe samples along 11 lines at the VG, Shadow and Stewart and a total of 451 soil samples collected at Shadow and Stewart. Comstock would like to acknowledge the assistance of the Yukon Mineral Incentive Program (YMEP) for a grant it provided to the Company to fund a portion of the Phase I program. Results of these surveys were instrumental in refining the RAB drilling targets for the current drilling program. Comstock is also pleased to report it has increased the size of its QV project by staking an additional 31 quartz claims to partially fill an internal gap within the property. | |
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