Mining News: Northern Neighbors: Comstock expands VG zone at Yukon project

Comstock Metals Ltd. Nov. 8 reported broad gold intercepts from rotary air blast drilling at its QV property in the White Gold district of the Yukon. The best hole from latest batch of drill results, 16QVRAB017, cut 12.19 meters averaging 5.53 grams per ton gold from a depth of 83.82 meters, within a wider interval of 57.91 meters averaging 1.89 g/t. The broader intercept has slightly higher grades than the inferred resource at the property’s VG zone – 4.39 million metric tons averaging 1.65 g/t (230,000 ounces) gold. The company said hole 16QVRAB017 demonstrates that the VG zone is open to the west. Hole 16QVRAB018, drilled to the north from the same location as 16QVRAB017, cut 18.29 meters averaging 1.14 g/t gold.Hole16QVRAB014, drilled to the east of the VG zone, cut 10.67 meters averaging 1.65 g/t gold starting 16.76 meters below surface, within a wider interval of 64.01 meters averaging 0.52 g/t gold. This large intercept is considered important as it correlates with a resistivity low, demonstrating strong potential for extending the VG deposit to the northeast. Comstock said it has completed 2,300 meters of RAB drilling in 32 holes since late August. The company reported results from the first 12 holes earlier this year and assays from the balance of the program, which includes drilling at two other targets on the QV property, are pending.

-Shane Lasley