The Prospector News

Comstock’s QV Project Drilling Started

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

 

 

 

 

 

Comstock Metals Ltd. (TSX VENTURE:CSL) is pleased to announce the start of the exploration program on its QV Project in the Yukon. Drilling on the newly discovered VG Zone has commenced as of June 2, 2013. A cold spring in the Yukon Territory has caused a late start to exploration activities.
The QV exploration program includes follow-up drilling on the VG Zone discovery as well as soil-sampling and trenching on two new zones, namely Stewart and Shadow Zones, in addition to the VG Zone.
The VG Zone was discovered last year by following up a 394 ppb gold-in-soils anomaly. Trenching and subsequent drilling discovered the VG Zone, which is geologically similar to the adjacent Kinross Gold’s Golden Saddle deposit. Seven out of eight diamond-drill holes intersected significant gold mineralization, including 2.34 grams per tonne gold (g/t Au) over 89.85 metres (m) including 3.04 g/t Au over 45.50 m. The current 2013 drilling program will focus on expanding the length and the width of the zone to determine the size of the ore body. Follow-up Phase 2 program on the VG Zone will be contingent on the results from the current drilling. The Company is assisted by the team who discovered Kinross’s Golden Saddle deposit, including Shawn Ryan and Adrian Fleming. The Company also announces issuance of 25,000 options at the price of $0.21 to certain officers and consultants.
About Comstock Metals Ltd.

 

 

Comstock Metals’ flagship project is the QV Property in the Yukon Territory, which covers 14,180 hectares (35,000 acres) within the prolific White Gold District in the Yukon Territory, about 70 kilometres south of Dawson City. Kinross Gold’s Golden Saddle deposit is 10 km to the southeast, and Kaminak Gold’s Coffee projects are about 40 km to the south.
Comstock’s Corona Gold-Silver Property is located in the prolific Sierra Madre Occidental in Chihuahua, Mexico. The Company completed a drill program in the spring of 2012, which discovered two new zones of gold and silver mineralization.

Posted June 4, 2013

Share this news article

MORE or "UNCATEGORIZED"


Fortuna Reports First Quarter 2021 Financial Results

Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) reported record... READ MORE

May 10, 2021

McEwen Mining Reports Upbeat Exploration & Delineation Results

Including true width intervals of 6.08 g/t Au over 25.7 m at Stoc... READ MORE

May 10, 2021

Imperial Reports First Quarter 2021 Financial Results

Imperial Metals Corporation (TSX:III) reports financial results ... READ MORE

May 10, 2021

McEwen Mining: Q1 2021 Results

McEwen Mining Inc. (NYSE: MUX) (TSX: MUX)  reported its first qu... READ MORE

May 10, 2021

Cameco reports first quarter results, Cigar Lake restart and the continued execution of strategy to support global clean-air transition

Cameco (TSX: CCO) (NYSE: CCJ) reported its consolidated financial... READ MORE

May 7, 2021

Copyright 2021 The Prospector News