CEO Blog - January 31, 2012
Tuesday, January 31 2012 17:05
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Air Quality Permit Recommended for Issuance

Production Activities Poised to Escalate

Q:  What happened at the January 26th public hearing for the Air Quality Permit? Does this impact when we go into production? 

A: Thank you for your question.  This blog also updates my blog posted December 19, 2011.

On Thursday, January 26th, the Bureau of Air Pollution Control of the Nevada Division of Environmental Protection (NDEP) held a public hearing for Comstock Mining’s Air Quality Permit. The permit was recommended for issuance. This means that the Company will receive the permit after NDEP responds in writing to the comments received at the hearing. This is likely to occur in the middle to end of February, and issuance is assured.

Receipt of the Air Quality Permit will trigger final construction activities and the commencement of mining. It is the final permit required to begin mining the Lucerne Starter Mine. Once the permit is issued, the Company has approximately five months of remaining construction activities including land clearing, excavation and leveling primarily associated with pre-stripping, mine preparation and stock piling, the installation of the crushing facility, the installation of the expanded Merrill Crowe facility, and the completed expansion of our Heap Leach and Process Solution Ponds.

All activities that can occur prior to receipt of the Air Quality Permit are scheduled and proceeding according to plan. These include the completion of our new process solution pond, final design of the expanded Merrill Crowe and Metallurgical Lab, Environmental Sampling in the Starter Pit Area, and Starter Pit Core Drill tests. We anticipate timely completion of all these tasks and an immediate transition into those activities needing the permit.

Additional Blogs later this week will update exploration drilling and the environmental soil sampling program. A Production Update Press Release will follow and will summarize the current status of all activities.

Kindest Regards,

Corrado De Gasperis
President and CEO