Comstock Mining Inc

Pure Comstock Silver Nevada Sesquicentennial Medallion This limited edition medallion commemorates Nevada’s Sesquicentennial and is the first substantial minting of Comstock Silver since the Carson City Mint closed in 1893.
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Pure Comstock Silver Nevada Sesquicentennial Medallion
2017 Awards
2017 Awards
Comstock Mining Inc
Press Releases
Tue, Jul 20, 2010

GoldSpring Acquires Key Properties in the Comstock Lode District and Reports Related Drill Results

VIRGINIA CITY, Nev., July 20 /PRNewswire-FirstCall/ -- GoldSpring, Inc. ("GoldSpring" or the Company") (OTC Bulletin Board: GSPG) announced today that it has purchased seven patented mining claims totaling 48 acres, surface rights to two additional patented mining claims totaling 15 acres, 12 unpatented lode claims, and 15 acre-feet of water rights (the "Donovan Property"), in Storey County, Nevada from the estate of William Michael Donovan Jr.  The property contains a significant portion of the mineral resource summarized in the May 2010 Technical Report (43-101) authored by Behre Dolbear & Company of Denver, Colorado.  These claims have been controlled under a mining lease agreement since 1987 by GoldSpring and its predecessor organizations.

The purchase price was $1,025,000, with an initial payment of $300,000.  The Company financed the remaining $725,000 with an installment note bearing 6% interest, requiring 60 monthly payments of $6,178 and a final payment of then-unpaid principal and interest. The Donovan estate will retain a 1.5% Net Smelter Royalty ("NSR") on all future mineral production from these claims.

Mon, Jun 21, 2010

GoldSpring Receives Enhanced Commitment: Funding Increased to $5.6 Million

VIRGINIA CITY, Nev., June 21 /PRNewswire-FirstCall/ -- GoldSpring, Inc. ("GoldSpring" or the "Company")(OTC Bulletin Board: GSPGD) announced today that it has entered into a definitive agreement to increase its existing $4.5 million debt financing to $5.6 million for its Comstock Mine Project.  The continued financial support is being provided through a consortium led by the Company's lead stakeholder who is also an accredited investor.

"The ongoing support of our strategic plan and operations demonstrates the strong, continuing commitment of our stakeholders toward funding our business plan, recapitalizing our balance sheet and achieving our goal," stated Corrado DeGasperis, GoldSpring's President and CEO.  "We appreciate the stability that results from committed liquidity and, together with our successful reverse stock split, we anticipate completing the debt-for-equity and the land components of our previously disclosed recapitalization plan over the next few weeks.  Our team continues to progress our mine planning, including metallurgical testing, design and resource validation and ongoing development of our resources."

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