Comstock Metals begins drilling QV property
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).
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
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