Lucerne Resource Area
Update - Lucerne Resource Area

Comstock Mining Reports High-grade Intercepts from Updated Drilling in Lucerne

Comstock Mining Reports High-grade Intercepts from Initial Drilling

Comstock Mining Launches 2014-2015 Exploration & Development Program
Drilling Begins on the East-side of the Lucerne Resource Area

February 7, 2013 - The updated resource estimate for the Lucerne Resource Area incorporates these new results, and now totals 53,550,000 tons of Measured and Indicated Resources, containing 1,586,000 ounces of gold and 15,330,000 ounces of silver. The total of 1,880,000 gold-equivalent ounces1 in the Lucerne Resource Area is a 25% increase over the total stated in the September, 2011 Technical Report (the “2011 Report”).

LUCERNE RESOURCE AREA SUMMARY
 

Tonsi

Au
(opt)

Ag
(opt)

Total Au
(ounces)

Total Ag
(ounces)

Measured Resource

32,620,000

0.030

0.311

979,000

10,140,000

Indicated Resource

20,930,000

0.029

0.248

607,000

5,190,000

Total Measured and Indicated ii

53,550,000

0.030

0.286

1,586,000

15,330,000

Inferred Resource

26,300,000

0.021

0.177

552,000

4,660,000

 i.Resource total based on a gold cutoff of 0.007 ounces per ton
ii.Rounding differences may occur

COMSTOCK ANNOUNCES COMPLETE RESULTS of EAST-SIDE DRILLING
All Holes Encountered Lengthy Intervals of Significant Mineralization

EAST-SIDE DRILLING INTERCEPTS SIGNIFICANT GOLD AND SILVER MINERALIZATION