Com­stock Me­tals be­gins drilling QV prop­erty

Stockwatch Daily - - MINES & METALS - Mr. David Terry re­ports

COM­STOCK ME­TALS Ltd. has com­menced a core drilling pro­gram on its 100-per­cent-owned QV gold project lo­cated in the heart of the pro­lific White Gold dis­trict of the Yukon ter­ri­tory. The pro­gram will

com­prise ap­prox­i­mately 1,500 me­tres of HQ di­a­mond drilling fo­cused on test­ing the along-strike po­ten­tial to the west and east of the VG de­posit and fol­low­ing up on pos­i­tive re­sults from the 2016 ro­tary air blast (RAB) drilling pro­gram. In ad­di­tion, de­tailed soil grids will also be com­pleted on other high-pri­or­ity tar­gets else­where on the over-16,000-hectare QV prop­erty.

At the VG de­posit, lo­cated in the south­ern part of the QV project, gold min­er­al­iza­tion is hosted within units of mas­sive sili­ci­fied gneiss cut by swarms of 30-de­gree north-dip­ping quartz vein stock­work and brec­cia with dis­sem­i­nated and vein con­trolled pyrite, and more rarely vis­i­ble gold. The VG zone has sim­i­lar ge­ol­ogy and style of min­er­al­iza­tion to White Gold Corp.’s Golden Sad­dle de­posit, lo­cated 11 kilo­me­tres to the south. The com­pany’s 2016 RAB drilling pro­gram fo­cused on iden­ti­fy­ing along strike ex­ten­sions to the VG de­posit. RAB hole 16QVRAB017 demon­strated the de­posit is open to the west with high grades; it in­ter­sected 12.19 m av­er­ag­ing 5.53 grams per tonne gold start­ing at 83.82 m be­low sur­face, within a wider in­ter­val of 57.91 m av­er­ag­ing 1.89 g/t gold, a 45 m west and 100 m down-dip stepout (see Nov. 8, 2016, news re­lease).

Qual­i­fied per­sons

David A. Terry, PhD, PGeo, a qual­i­fied per­son as de­fined by Na­tional In­stru­ment 43-101, and an of­fi­cer and di­rec­tor of Com­stock, has re­viewed and ap­proved the sci­en­tific and tech­ni­cal dis­clo­sure in this news re­lease.

About Com­stock Me­tals Ltd.

Com­stock Me­tals is a Cana­dian-fo­cused min­eral ex­plo­ration com­pany with two 100-per-cent-owned re­source-stage gold projects.

Preview SW gold project, Saskatchewan: The com­pany’s road-ac­ces­si­ble Preview SW gold project is lo­cated 40 km north of La Ronge, Sask., and 80 km south­west of Sil­ver Stan­dard Re­sources Inc.’s Se­abee gold mine.

QV gold project, Yukon: The over-16,000-hectare QV prop­erty is lo­cated in the White Gold dis­trict of the Yukon ter­ri­tory, ap­prox­i­mately 70 kilo­me­tres south of Daw­son City and 44 kilo­me­tres north of the Cof­fee project of Gold­corp Inc., which it ac­quired through an ac­qui­si­tion of Kam­i­nak Gold Corp.

Ad­di­tio nal as­sets: Com­stock also owns the early-stage Old Cabin gold project in On­tario and ura­nium claims in the Pat­ter­son Lake area of Saskatchewan, and has op­tioned out its Corona prop­erty in Mex­ico (see Com­stock’s news re­lease dated Jan. 28, 2016).

We seek Safe Har­bor.

Steven Harold Gold­man, Kenneth Kuch­ling, Robert Luff­man, Ra­sool Mo­ham­mad, David An­drew Terry, Dou­glas Ste­wart Turn­bull

(CSL) Shares: 73,575,687

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