Silver Investor: A New Discovery in the White Gold District, Yukon

Published: Tue, 11/27/12

 
 

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Dear Silver Investor Readers: 

I’ve mentioned this company to you a couple of times now over the past few months, as it appears to be the latest company in the famed White Gold District of the Yukon, to have made a real discovery. Comstock Metals (TSX-V: CSL) just put out another set of drill results from their ‘QV Project’ and I strongly recommend that you take a read of their latest news release below.

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www.comstock-metals.com.

 

Comstock’s VG Zone Expands With New Drill Results

Highlights: 

  • QV12-006 intersected 1.46 grams/tonne gold (g/t Au) over 62.00 metres (m), including 3.76 g/t Au over 14.93 m
     

  • QV12-008 intersected 2.03 g/t Au over 30.45 m
     

  • Widths and grades defined in the 2012 drill programme are consistent with the strong silicification, brecciation, and pyrite content found in the White Gold camp
     

  • VG Zone discovery is remarkably similar geology to Kinross Gold’s Golden Saddle Deposit, located 10 Kilometres South of the VG Zone
     

  • More zones of similar geochemical and geophysical signatures to those of the VG zone have been found on the property

Vancouver, BC – November 26, 2012 – Comstock Metals Ltd. (TSX-V: CSL) (the “Company”) is pleased to announce results from drill holes QV12-005 to -008, recently completed on the VG Zone at its QV Project in the White Gold District, south of Dawson City, Yukon. In September of 2012, the Company completed eight drill holes at the VG Zone targeting gold mineralization discovered in trenches completed earlier in the summer. Results from the first four drill holes completed on the VG Zone (QV 12-001 to -004), intersected broad zones of gold mineralization down dip of the trenches (see previously announced drill results in the Company’s October 10 and October 22, 2012 News Releases). The most recent drill results extend the zone both down-dip and to the west.

Hole Number

From – to...
(metres)

Core Length
(metres)

Gold
(grams/tonne)

QV12-008
including

89.50 – 119.95
94.00 – 100.00

30.45
6.0

2.03
3.84

QV12-007
Including

68.20 – 77.50
68.20 – 72.00

9.3
3.8

1.44
2.92

QV12-006
including

73.80 – 135.8
101.50 – 116.43

62.00
14.93

1.46
3.76

QV12-005

20.73 – 25.50

4.77

0.61

QV12-004
including
and
including

43.75 – 133.6
43.75 – 47.1
72 – 117.5
75.1 – 88.0

89.85
3.35
45.5
12.9

2.34
9.98
3.04
4.89

QV12-003
including
and
including

9.0 – 57.0
9.0 – 13.1
23.5 – 30.0
27.0 – 29.0

48.0
4.1
6.5
2.0

1.11
2.44
3.04
5.33

QV12-002
including
including
and
and

18.0 – 74.4
21.0 – 36.2
27.0 – 30.0
45.0 – 50.1
73.6 – 74.4

56.4
15.2
3.0
5.1
0.8

1.28
2.75
4.92
2.30
3.15

QV12-001
Including
and

20.0 – 102.0
26.0 – 31.9
55.0 – 58.1

82.0
5.9
3.1

1.02
6.07
2.33

Note: QV12-001 to QV12-004 results are previously released.

To read the full news release from Comstock Metals, please go to:
http://comstock-metals.com/news/2012/index.php?&content_id=84

Sincerely,

David Morgan
 

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Information contained herein has been obtained from sources believed to be reliable, but there is no guarantee as to completeness or accuracy. Because individual investment objectives vary, this Summary should not be construed as advice to meet the particular needs of the reader. Any opinions expressed herein are statements of our judgment as of this date and are subject to change without notice. Any action taken as a result of reading this independent market research is solely the responsibility of the reader. Stone Investment Group is not and does not profess to be a professional investment advisor, and strongly encourages all readers to consult with their own personal financial advisors, attorneys, and accountants before making any investment decision. Stone Investment Group and/or independent consultants or members of their families may have a position in the securities mentioned. Mr. Morgan does consult on a paid basis both with private investors and various companies. Investing and speculation are inherently risky and should not be undertaken without professional advice. By your act of reading this independent market research letter, you fully and explicitly agree that Stone Investment Group will not be held liable or responsible for any decisions you make regarding any information discussed herein.


 

 

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