Sunday, September 9, 2012

News from Friday - Comstock Metals Drilling

The only (but big) news from Friday is that Comstock announced they started drilling in the Yukon. I mentioned Comstock at $.145 several weeks ago and the stock has more than doubled during this time. Here is the story: Comstock Metals begins diamond drilling program at QV 2012-09-07 13:02 ET - News Release Mr. Rasool Mohammad reports COMSTOCK COMMENCES DRILLING AT VG ZONE ON QV PROJECT Comstock Metals Ltd. has commenced a diamond drilling program on the QV project in the White gold district in Yukon. The drilling program is designed to test strong gold enrichment discovered in trenches at the VG zone, including 3.31 grams per tonne gold over 95 metres from trench QVTR12-06 and 3.77 grams per tonne gold over 45 metres in QVTR12-15 (see Comstock news release dated Sept. 4, 2012). The gold mineralization occurs within lode quartz-carbonate veins, stockworks and breccias, as well as pyrite veinlets, fractures and disseminations, within a northeast-trending zone of strongly quartz-sercite-carbonate-altered felsic schists and granitic intrusives that has been defined over a minimum strike length of 390 metres, and is open to both the east and west. In addition to drilling, additional trenching and soil sampling are continuing to more closely define the limits of this gold anomaly. For detailed maps of the property and the locations, please visit the Comstock website. The 2012 drilling program is supervised by Jodie Gibson, PGeo, consultant for Comstock Metals, and Gordon Davidson, PGeol, director of Comstock Metals. Both are qualified persons as defined by National Instrument 43-101. Drill core will be cut in half using a diamond saw, with one-half placed in sealed bags, and delivered to Acme Analytical Laboratories Ltd. in Whitehorse, Yukon. The technical information in this release has been reviewed by both Mr. Davidson and Mr. Gibson.

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