Comstock Mining, Inc. reported results on phase two of the company’s exploration drilling program on its properties in the Western United States.
The second phase of the exploration drilling program included the completion of twenty reverse circulation holes and two core holes at the Dayton Resource Area in Nevada. Comstock Mining said that drilling totaled 9,276 feet.
Comstock Mining reported that significant mineralization was found in all twenty two drill holes, with eight of the holes containing more than 100 feet of continuous mineralization. Phase one of the exploration drilling program was completed in early 2011 and the company found significant mineralization in 41 of 42 holes.
Comstock Mining plans to issue an updated technical report sometime this month. This report will incorporate recent drilling at the Dayton Resource Area and include the result of 355 new holes comprising approximately 122,000 feet.
Comstock Mining said that phase three of the exploration drilling program will expand to the Spring Valley Target Area and involve infill drilling, which will help determine a mining plan. After the mining plan is set, Comstock Mining will begin the permitting process at the property.
For more information on the company, go to www.comstockmining.com
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