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Comstock Mining, Inc. (LODE) is “One to Watch”

A Nevada-based gold and silver mining company, Comstock Mining Inc. has extensive, contiguous property in the Comstock District. Since its first acquisition in the Comstock District, the company has consolidated a significant portion of the region, amassing the single largest known repository of historical and current geological data on the Comstock region.

The company continues to focus on acquiring additional properties in the district, expanding its footprint and pursuing further opportunities for exploration and mining. Comstock Mining aims to deliver stockholder value by validating qualified resources and reserves of 3,250,000 gold equivalent ounces over the next two years. Earlier this year, the company began trading on the NYSE Amex, raising its investment profile for increased visibility with current and potential investors.

During the most recently ended quarter, the company successfully advanced its drilling program to completion. Significant milestones achieved include completing the infill drilling on the Hartford, Lucerne and Justice claims for the starter mine; completing the first and second phases of development drilling in the Dayton Resource Area; and completing the first phase development drilling on the East-Side target in the Lucerne Resource Area.

Commenting on the company’s performance, CEO Corrado De Gasperis stated, “…We completed our largest, most successful drilling campaign and continued a high rate of discovery and productivity, including the discovery of high grades of gold and the prevalent deposits of silver. These results will be included in an updated 43-101 technical report resource estimate, expected to be completed in September of this year. With a strong production team, metallurgical testing and mine planning completed and equipment ordered we are on track to begin production at our starter mine by the end of the year.”

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