VANCOUVER, British Columbia, Sept. 15, 2017 (GLOBE NEWSWIRE) -- Comstock Metals Ltd. (TSX-V:CSL) (“Comstock” or the "Company") is pleased to announce that it has commenced a core drilling program on its 100% owned QV gold project located in the heart of the prolific White Gold district of the Yukon Territory (the “QV Property”). The program will comprise approximately 1,500 m of HQ diamond drilling focussed on testing the along-strike potential to the west and east of the VG deposit and following up on positive results from the 2016 Rotary Air Blast (RAB) drilling program. In addition, detailed soil grids will also be completed on other high priority targets elsewhere on the +16,000 hectare QV property.
At the VG deposit, located in the southern part of the QV project, gold mineralization is hosted within units of massive silicified gneiss cut by swarms of 30° north-dipping quartz vein stockwork and breccia with disseminated and vein controlled pyrite, and more rarely visible gold. The VG zone has similar geology and style of mineralization to White Gold Corp’s Golden Saddle deposit, located 11 kilometres to the south. The Company’s 2016 RAB drilling program focussed on identifying along strike extensions to the VG deposit. RAB hole 16QVRAB017 demonstrated the deposit is open to the west with high-grades; it intersected 12.19 m averaging 5.53 g/t gold starting at 83.82 m below surface, within a wider interval of 57.91 m averaging 1.89 g/t gold, a 45 m west and 100 m down-dip step-out (November 8, 2016 news release).
Qualified Persons
David A. Terry, Ph.D., P.Geo., a Qualified Person as defined by National Instrument 43-101, and an Officer and Director of Comstock, has reviewed and approved the scientific and technical disclosure in this news release.
About Comstock Metals Ltd.
Comstock Metals Ltd. is a Canadian-focussed mineral exploration company with two 100% owned resource-stage gold projects.
