Comstock Mining Advances Underground Portal in Nevada

Comstock Mining Inc. (NYSEMKT:LODE) today announced that construction of the underground exploration portal (“Harris Portal”) and development of the exploration drift in the existing Lucerne Surface Mine in Nevada is progressing on schedule and has reached a linear distance of approximately 200 feet. Additionally, the first drill platform has been constructed and the underground drilling of the previously discovered, dike-like masses of quartz porphyry (PQ), commenced today.
As quoted in the press release:

The first phase of the tunnel development, with a planned investment of $3 million, is expected to be approximately 800 feet, running parallel to the PQ target. This phase includes approximately 20,000 feet of diamond-core definition drilling and is scheduled for completion before year-end. Previously disclosed drill data from the PQ includes 46 intercepts of at least 10 feet that grade, on average, over 0.23 ounces of gold per ton and over 1.71 ounces of silver per ton.
The “Harris Portal” honors the memory of the Company’s former safety director, Randy Harris, who won a 2015 Nevada Mining Association’s ‘Outstanding Career in Safety’ award. The Company has planned a dedication ceremony on Friday, September 25th, in honor of Randy and in conjunction with the commencement of drilling activities within the drift. Federal, State and Local dignitaries will be in attendance along with the Harris family. The website link below catalogs the most recent drift development:

Comstock Mining President & CEO Corrado De Gasperis stated:

We are pleased with the pace of development, the partnership with American Mining and Tunneling and the timely commencement of drilling activities by American Drilling. We will be updating and reporting on the status of the drilling, starting in October and frequently thereafter throughout year-end.

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