Comstock Releases Gold Assays from QV Project, Yukon

By Midnight Trader,  October 10, 2012, 02:37:55 PM EDT

Comstock Metals Ltd. (CSL.V) announced preliminary gold assays from two of eight holes recently completed at its QV Project in the White Gold district, south of Dawson City, Yukon. Gold mineralization was intersected in both holes at grades and width of potential economic interest.

Assay results are considered preliminary since the results from check assays and "metallic fire assays" have not been received. Metallic fire assays check for the presence of coarse gold in core samples and are an important check to ensure gold grains are not being removed during crushing and screening at the sample preparation facility.

Initial results both confirm the presence of gold mineralization and demonstrate that a new zone has been discovered in the district, just 10 kilometres from Kinross's Golden Saddle Deposit.

CSL shares fell five cents to $0.44, a 10% decline on volume of more than 213,000.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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