Comstock Mining updates progress on Dayton gold and silver project
Comstock Mining announced its progress towards, and additional plans for, advancing its Dayton project, which contains the company's second largest gold and silver mineral resource. The company has retained an independent mining advisory firm to produce a NI 43-101 compliant technical report for the Dayton resource area, followed by a Preliminary Economic Assessment during Q4. The 2013 estimate included 8.33 million tons of Measured and Indicated resources, including an additional 8.59 million tons of Inferred resources. The new report will be the first stand-alone, NI 43-101 compliant report for the Dayton resource area. The company previously reported historic assays that identified a continuous zone of mineralization in the Dayton Adit of more than 205 feet of length with an average grade of 0.054 ounces of gold per ton. The discovery of these precious metal grades - 0.25 opt gold and 3.5 opt silver - and now other minerals in just a portion of the newly exposed zone affirms the company's outlook of Dayton's potential.