Tuesday, September 04, 2012

Comstock Samples 3.31 g/t Gold Over 95 m at VG Zone on QV Project

VANCOUVER, BRITISH COLUMBIA, Sep 04, 2012 (MARKETWIRE via COMTEX) -- Comstock Metals Ltd. (TSX:CSL.V, or CMMMF in the U.S.) ("Comstock" or the "Company") is pleased to announce additional results from its ongoing exploration program on the QV Project in the White Gold district, Yukon, following the discovery trench QVTR12-06 at the VG Zone which returned 3.74 grams/tonne gold (g/t Au) over 75.0 metres (m).

Trench Results Highlights
       
 3.31g/t Au over 95 m in QVTR-06 extension
 2.18 g/t Au over 85 m and open to the north in QVTR12-13
 3.77 g/t Au over 45 m and open to the east in QVTR12-15
 1.63 g/t Au over 95 m and open in both directions in QVTR12-12
 1.07 g/t Au over 55 m and open to the north in QVTR12-16
 0.31 g/t Au over 55 m and open in QVTR12-14
 0.81 g/t Au over 65 m in QVTR12-03 extension
 The VG mineralized zone has now been confirmed by trenching over 390 metres of strike length and remains open to the west and east
 

Comstock has completed infill and offset trenches at the VG Zone following the discovery of gold mineralization in trench QVTR12-06 (3.74 g/t Au over 75 m, see July 25, 2012 News Release). The trench-indicated gold mineralization extends over 390 m of assumed strike length and is considered open to the west and east. Mineralization at the VG Zone is oriented in a northeasterly direction and is associated with quartz veins and stockwork, silicification, and brecciation, accompanied by pyrite. See Figure 1 for trench locations, visit the following link: http://media3.marketwire.com/docs/CSLmapNR904.jpg

Comstock Metals press continues at the link below.

Source: Comstock Metals via MarketWatch
http://www.marketwatch.com/story/comstock-samples-331-gt-gold-over-95-m-at-vg-zone-on-qv-project-2012-09-04-111735656

Comment: Note comments on the comparison to the Golden Saddle and Coffee deposits.  QV may actually be a more robust system judging by these early returns.     

Disclosure:  Comstock Metals Ltd. is a Vulture Bargain Candidate of Interest (VBCI).  Members of the GGR team are actively accumulating and may hold long positions in CSL.V or CMMMF. 

 


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