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    market news

    Comstock Mining Taps into Vein that Could Yield $10 Million in Revenue

    Investing News Network
    Mar. 08, 2013 10:51AM PST
    Silver Investing

    USA Today reported that Comstock Mining has tapped into a highly concentrated deposit that could yield $10 million in revenue.

    USA Today reported that Comstock Mining has tapped into a highly concentrated deposit that could yield $10 million in revenue.

    As quoted in the market report:

    At the moment, Comstock Mining is pulling ore from an open pit here that is about a mile and a half downhill from historic Virginia City, Nev. It then is hauled to a processing plant about 2 miles away at American Flat, Nev. After heap-leach treatment in which chemicals such as cyanide are added to crushed rock to extract the minerals, the metal is being poured into bars of blended gold and silver at a rate of nearly 300 ounces a week.

    To view the whole USA Today report, click here. 

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