Projects - Occidental Area

COMSTOCK MINING ACQUIRES 520 ACRES ALONG THE SOUTHERN EXTENSION OF THE OCCIDENTAL LODE STRUCTURE; EXPANDS COMSTOCK LAND POSITION BY 9%

 http://www.comstockmining.com/news/press-releases/100-wed-nov-3-2010CMI_Occidental

Comstock Mining recently acquired 26 unpatented lode-mining claims along the southern extension of the Occidental Lode structure in Storey County, Nevada.  The historic Occidental Lode, also referred to as the Brunswick Lode, is located 1.5 miles due east of and sub-parallel to the veins of the main Comstock Lode.  These claims adjoin and extend the Company's previous holdings of six patented and six unpatented claims, significantly expanding the Company's position on the Occidental Lode.

Combining this acquisition with the Company’s prior Occidental holdings enables us to explore the substantial majority of the Occidental fault trend, leveraging our existing geological knowledge of the Comstock Lode and the Silver City fault zone.

The properties were acquired through a lease agreement with Renegade Mineral Holdings, LLC (Renegade).  The Lease has an initial term of 3 years and, in the event that the Company determines that exploration results warrant further development, then the term can be extended initially for two additional six-year terms and then continuously thereafter as long as the Company is producing on property adjacent to or in the vicinity of these new claims.