Comstock Mining Announces Additional High-Grade Gold and Silver Intercepts

Comstock Mining Inc. (NYSEMKT:LODE) announced an update on the first phase of the Company’s Lucerne underground exploration activities, located in the historic Comstock District in Northern Nevada.
As quoted in the press release:

The Company continues to define high-grade mineralization in the Quartz Porphyry mineralized mass (“PQ target”), of increasing lengths, positioned in the center of the Lucerne geological corridor and mineral resources (Figure 1).

The following significant drill intercepts are highlights from the third and fourth drill bay stations (Figure 2) representing the first 14 holes drilled and analyzed through early January of 2016.  Additional Lucerne drilling highlights totaling 32 intercepts, including the highlights summarized below.
Drill Bay Three

• LUGC15-018 0.479 opt (16.42 g/t) Au and 1.100 opt (37.71 g/t) Ag over 3.5 ft.
• LUGC15-021 0.346 opt (11.86 g/t) Au and 0.315 opt (10.80 g/t) Ag over 5 ft.
• LUGC15-034 0.743 opt (25.47 g/t) Au and 2.140 opt (73.35 g/t) Ag over 13 ft.
• Including 0.977 opt (33.48 g/t) Au and 2.428 opt (83.24 g/t) Ag over 7.5 ft.
• LUGC15-034 0.441 opt (15.13 g/t) Au and 1.908 opt (65.40 g/t) Ag over 14 ft.
• Including 0.287 opt (9.84 g/t) Au and 1.212 opt (41.55 g/t) Ag over 6 ft.
• Including 1.209 opt (41.45 g/t) Au and 3.542 opt (121.43 g/t) Ag over 3 ft.

Drill Bay Four

• LUGC15-011 0.386 opt (13.23 g/t) Au and 0.320 opt (10.97 g/t) Ag over 5 ft.
• LUGC15-016 0.162 opt (5.55 g/t) Au and 7.600 opt (260.54 g/t) Ag over 5 ft.
• LUGC15-019 0.142 opt (4.87 g/t) Au and 4.700 opt (161.12 g/t) Ag over 2 ft.
• LUGC15-022 0.391 opt (13.39 g/t) Au and 1.635 opt (56.06 g/t) Ag over 40 ft.
• Including 0.475 opt (16.27 g/t) Au and 1.501 opt (51.47 g/t) Ag over 12 ft.
• Including 0.636 opt (21.82 g/t) Au and 2.467 opt (84.58 g/t) Ag over 13 ft.
• LUGC15-024 0.438 opt (15.01 g/t) Au and 2.897 opt (99.32 g/t) Ag over 5.5 ft.
• Including 0.749 opt (25.68 g/t) Au and 2.522 opt (86.46 g/t) Ag over 2.7 ft.
• LUGC15-024 0.194 opt (6.63 g/t) Au and 1.199 opt (41.10 g/t) Ag over 2.5 ft.

Comstock Mining President & CEO, Corrado De Gasperis, stated:

We are now encountering longer mineralized intercepts as we move northerly toward the Succor intersection and beyond. Hole 22 delivering over 40 feet of both 0.39 opt gold and 1.635 opt silver is one good example.  We believe these types of lengths and grade, when combined with the expanded Succor target, could contribute the higher-grade reserves and ultimately, the mine plans we are targeting from this corridor.
The PQ represents over 600 feet of strike length in a mineralized mass with prior drilling indicating in-situ gold and silver grades of 0.23 and 1.71 ounces per ton, respectively. The expanded Succor target represents over 1,000 feet of strike length with historically superior grade profiles.  These drill results add to the known mineralization and support continued high-grade exploration.  We look forward to completing this phase of drilling in the next 10-12 days, and analyzing the results by the end of February.

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