Comstock Reports New RAB Drill Results from its QV Project, Yukon, Including 12.19 m Averaging 5.53 g/t Gold
Vancouver, BC – November 08, 2016 – Comstock Metals (TSXV:CSL) is pleased to provide an update on its ongoing Rotary Air Blast (RAB) drilling program at its +16,335 hectare QV Property located in the White Gold district of the Yukon Territory (the “QV Property”).
- 12.19 m averaging 5.53 g/t gold starting at 83.82 m below surface in 16QVRAB017, within a wider interval of 57.91 m averaging 1.89 g/t gold that extends to the end of the hole at 114.30 m depth. This significant intercept is a 50m step-out down dip of hole VG13-12, and demonstrates that the VG deposit is open and untested to the west in this area.
- 10.67 m averaging 1.65 g/t gold starting at 16.76 m below surface in 16QVRAB014 within a wider interval of 64.01 m averaging 0.52 g/t gold that extends to the bottom of the hole. This large intercept is considered important as it correlates with a resistivity low, the top of which was cut by 16QVRAB006 (35.05 m averaging 0.46 g/t gold), collared 185 m to the east and demonstrating strong potential for extending the VG deposit to the northeast in this area with further diamond drilling.
- 18.29 m averaging 1.14 g/t gold starting at 85.34 m below surface in 16QVRAB018 and extending to the end of the hole at 103.63 m depth. Hole 16QVRAB018 was drilled to the north from the same location as hole 16QVRAB017, reported above; combined the two holes have extended mineralization 100m down dip of diamond drill hole QV13-12.