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gold investing

CSL Intersects High Grades at Preview SW

Pia Rivera
May. 10, 2017 07:41AM PST
Precious Metals Investing

Comstock Metals Ltd. (TSXV:CSL) reported initial high-grade results from 3 of 8 drill holes completed during the winter program at its Preview SW gold project near La Ronge, Saskatchewan.

Comstock Metals Ltd. (TSXV:CSL) reported initial high-grade results from 3 of 8 drill holes completed during the winter program at its Preview SW gold project near La Ronge, Saskatchewan (Figure 1). Holes PR17-164 to PR17-166 completed at the Preview North zone were drilled to follow-up on intercepts from Hole PR13-163 (April 2013), which intersected high-grades over good widths. Today’s results were highlighted by Hole PR17-166 which included 10.33 g/t Au over 5m. Results from an additional 5 holes are still pending, and the company plans to develop a summer program depending on the remaining results. At C$12/oz, Comstock currently trades at a steep discount to peers (C$53/oz). In our view, the market does not account for the exploration upside at either the company’s QV Property or Preview SW gold project. We believe that the pending results from the winter exploration program from Preview may begin to close the valuation gap to peers.
Derek Macpherson | VP Mining Analysis
Victoria Ellis Hayes | Associate
Red Cloud Klondike Strike Inc.
105 King Street East, 2nd Floor
Toronto ON, M5C 1G6
RCKSTalk@RedCloudKS.com
Priced as of prior trading day’s market close, EST (unless otherwise noted).
All values in USD unless otherwise noted
Disclaimer
Red Cloud Klondike Strike Inc. is registered as an Exempt Market Dealer in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland & Labrador, and the Yukon. Part of Red Cloud Klondike Strike Inc.’s business is to connect mining companies with suitable investors that qualify under available regulatory exemptions (the “Red Cloud KS Business“). Red Cloud Klondike Strike Inc., its affiliates and associates, and their respective officers, directors, representatives, researchers and members of their families (collectively, “Red Cloud KS“) may hold positions in the companies mentioned in this publication and may buy or sell, or buy and sell their securities or securities of the same class on the market or otherwise. Additionally, Red Cloud KS may have provided in the past, and may provide in the future, certain advisory or corporate finance services and receive financial and other incentives from issuers as consideration for the provision of such services.
Red Cloud KS has prepared this publication for general information purposes only, NOT as part of the Red Cloud KS Business. This document should not be considered a solicitation to purchase or sell securities or a recommendation to buy or sell securities. The information provided by Red Cloud KS for the purposes of this publication has been derived from sources believed to be accurate, but cannot be guaranteed. Opinions or analysis contained in this publication may be subject to change and Red Cloud KS does not undertake to advise the reader of such changes. This publication does NOT take into account the particular investment objectives, financial situations, or needs of individual recipients and other issues (e.g. prohibitions to investments due to law, jurisdiction issues, etc.) which may exist for certain persons. Recipients should rely on their own investigations and take their own professional advice before investment. Red Cloud KS will not treat recipients of this publication as customers or clients by virtue of having viewed this report.
Company Specific Disclosure Details
Comstock Metals Ltd. – TSXV:CSL – None
1) A member of Red Cloud KS team has visited/viewed material operations of the issuer.
2) In the last 12 months, Red Cloud KS has been retained under a service or advisory agreement by the subject issuer.
3) In the last 12 months, Red Cloud KS has received compensation for investment banking services.
4) Red Cloud KS or a member of the Red Cloud KS team or household, has a long position in the shares and/or the options of the subject issuer.
5) Red Cloud KS or a member of the Red Cloud KS team or household, has a short position in the shares and/or the options of the subject issuer.
6) Red Cloud KS or a member of the Red Cloud KS team own more than 1% of any class of common equity of the subject issuer.
7) A member of Red Cloud KS team or a member’s household serves as a Director or Officer or Advisory Board Member of the subject issuer.

Click here to connect with Comstock Metals Ltd. (TSXV:CSL) to receive an Investor Presentation.

Source: www.redcloudks.com

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