Comstock Mining Inc

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Comstock Mining Inc
Monday, October 1, 2012

COMSTOCK MINING POURS FIRST GOLD AND SILVER DORÈ

First Pour Commemorates the Success of Nevada’s Newest Gold and Silver Miner

Virginia City, NV (October 1, 2012) -- Comstock Mining Inc. (the “Company” or “Comstock”) (NYSE MKT: LODE) announced that it commenced smelting its Merrill Crowe precipitate on Friday, September 28th and continued through the weekend, pouring six Dorè bars totaling 3,743 ounces of gold and silver. The pour successfully concludes the Company’s “March to Production” project and establishes the Company’s first revenue stream. The Dorè was sold in September for over $700,000, representing a gold price of $1,777.25 per ounce and a silver price of $34.61 per ounce, with one bar to be held in reserve to produce commemoratives celebrating the event. www.comstockmining.com/commemoratives

“With the successful completion of the first pours, mining has responsibly returned to the Comstock, one of the largest and most historic mining and industrial centers in the world during the mid-19th century,” said Corrado DeGasperis, President and CEO of Comstock Mining. “This historic achievement comes from the extraordinary effort of our entire Nevada team and represents our first revenue from mining this year. We appreciate the support of the community and all of our stakeholders.”

Assays of the pour show that the Dorè is composed of 8.5% gold and 88.2 % silver. The first series of pours generated over 329 ounces of gold and 3,414 ounces of silver.

The pouring of metal completes the on-site production process. The entire on-site process -mining, hauling, crushing, stacking, leaching, processing, filtering, drying, and pouring – will be optimized using statistical process control and a throughput-based measurement system, developed by the Company. Further refining for final gold and silver bullion is completed at a contracted refinery.

“Having met the operational objectives we set since the beginning of the year, we are now turning our attention to maximizing and sustaining the throughput of our Lucerne Mine,” added Mr. DeGasperis. “We are currently operating at a rate of approximately 1 million dry tons per annum. This should result in an annualized production rate of approximately 20,000 gold equivalent ounces per year and stabilized cash flow. Once stable, we intend to further increase production levels during 2013.”

The Company also announced that a limited, numbered edition of one-troy-ounce commemoratives will be minted from the historic First Pour’s Dorè. These bars will be sold on a first come, first serve basis and represent certified Comstock gold and silver. Each commemorative one-ounce bar will contain a silver-to-gold ratio of about 10 to 1. To view this amazing commemorative and obtain information for ordering, please go to: www.comstockmining.com/commemoratives

 
Wednesday, September 19, 2012

COMSTOCK MINING’S MERRILL-CROWE PLANT FULLY OPERATIONAL

Virginia City, NV (September 19, 2012) -- Comstock Mining Inc. (the “Company” or “Comstock”) (NYSE MKT: LODE) announced today that its Merrill-Crowe Plant has been fully commissioned and the Company has been running solution containing robust concentrations of gold and silver through the Merrill Crowe process. The plant is operating in equilibrium with the current heap flow rate of approximately 500 gallons per minute. After the gold and silver precipitate sufficiently accumulates in the filters, the Company will proceed with pouring Dorè bars. The first pour is expected to take place this month.

"Our team is in the process of activating the entire “Dirt to Dorè system,” stated Corrado De Gasperis, President and CEO of Comstock, “making the first gold and silver pour, our revenue stream and cash inflows imminent. We anticipate announcing the first pour and celebrating the rich history of The Comstock with all of our stakeholders thereafter.”

The Merrill-Crowe process is used to recover the gold and silver in solution after leaching. Solution containing gold and silver (pregnant solution) flows into our 3 million gallon pregnant pond. The solution is then pumped through one of two clarifying filters to remove suspended impurities and then into a de-aeration tower where a vacuum process removes the oxygen. After the oxygen is removed, an Accurate Volumetric Feeder meters zinc into a mixing cone where it is injected into the pregnant solution stream. The zinc addition immediately causes a chemical reaction, thus precipitating the gold and silver.

The solution is then pumped into one of three filters, trapping the precious metal precipitate, between the filter press plates. When sufficient precipitant has accumulated, the precipitate is removed from the filters into a pan and placed into a drying oven. The oven is part of the Mercury Abatement System and connected to the Mercury Retort that safely removes any existing mercury. Once dry, the precipitate is mixed with flux, placed in the T-200 Melting Furnace, melted and poured into gold and silver Dorè bars.

The liquid solution, that passes through the precipitate filters after the gold and silver precipitate has been extracted, recycles back into the barren pond. This is where cyanide levels are adjusted to ensure the proper concentration before being circulated back onto the heap to begin the cycle all over again. The solution runs continuously within a fully contained and lined system.

The Merrill Crowe Process Facility has been significantly expanded and upgraded to not only accommodate the current Lucerne Mine production plan, but to handle significantly increased production capacity of an expanded mine.

 
Wednesday, September 12, 2012

COMSTOCK MINING COMMENCES HEAP LEACHING

OVER $3.5 MILLION OF RECOVERABLE METAL ON LEACH PAD

Virginia City, NV (September 12, 2012) -- Comstock Mining Inc. (the “Company” or “Comstock”) (NYSE MKT: LODE) is pleased to announce it has commenced its leaching process for gold and silver recovery.  The Company also announced that its newly constructed crusher is fully operational and that to-date the Company has crushed, agglomerated and stacked in excess of 70,000 tons of mineralized material on the heap pad.   

The leaching process adds a dilute cyanide solution to the heap through a network of drip lines. This solution runs continuously in a fully permitted and lined containment, leaching gold and silver from the material stacked on the heap pads, soon to be recovered through the Company's processing facilities.

"Our operations team is fully dedicated to stabilizing the crushing facility and commissioning the Merrill Crowe.  We are mining, hauling, crushing, stacking and leaching,” stated Corrado De Gasperis, President and CEO of Comstock. "We have already amassed over 1,750 ounces of recoverable gold and over 15,000 ounces of recoverable silver on the leach pads and look forward to announcing our first pour and revenue in the coming weeks.”

The Company's process facility includes the 1,000 gallon per minute Merrill-Crowe Plant, a T-200 melting furnace and a mercury retort and abatement system. Five principle contractors were used on this project: Scotia International of Nevada, A.M. Smith Electric, Inc., based in Carson City, Nevada, Briggs Electric, Inc. of Carson City, Nevada and Lyon County contractors Cruz Construction Company Inc. and Coons Construction LLC, each based about ten miles from the mine in Mound House, Nevada.

 
Tuesday, August 14, 2012

 COMSTOCK MINING ANNOUNCES SECOND QUARTER 2012 RESULTS

Commences Mining on the Comstock


Virginia City, NV (August 14, 2012) -- Comstock Mining Inc. (the “Company”) (NYSE Amex: LODE) today announced selected unaudited financial results for the quarter ended June 30, 2012.

2012 Second Quarter Highlights

  • The Company completed construction of its Lucerne Mine, crushing facility, expanded heap leach pads and Merrill Crowe processing facility, and related infrastructure and commenced mining on the Comstock, becoming Nevada’s Newest Gold and Silver Miner!
  • The Company completed substantially all of the definition drilling in the Lucerne Mine Area, providing information to optimize and extend the Lucerne Mine.
  • The Company developed new strategic alliances with two financing partners. The Company arranged a loan commitment up to $5 million with Caterpillar Financial Services Corporation ("Cat Financial") and a $5 million secured agreement with Resource Income Fund ("RIF"), with Auramet Trading LLC ("Auramet") acting as gold agent.
  • Net loss for Q2 2012 was $9.0 million, as compared to $4.7 million for Q2 2011.  The increase of $4.3 million resulting primarily from a $3.8 million increase in operating expenses.
  • Operating expenses for Q2 2012 were $9.2 million, versus $5.4 million in Q2 2011.  The $3.8 million increase resulted primarily from increases in mine development costs, including required soil sampling, permitting and related costs, drilling activities, labor and expense for granting restricted stock to employees.
  • Net cash used by operating activities in Q2 2012 was $5.7 million, versus $3.3 million in Q2 2011. The $2.4 million increase resulted primarily from higher exploration and mine development costs of $3.1 million and offset somewhat by changes in working capital.
  • Net cash used in investing activities in Q2 2012 was $5.0 million, versus $0 in Q2 2011. The increase resulted from purchases of property, plant and equipment associated with construction of mining infrastructure and equipment.
  • Total debt at June 30, 2012, was $4.2 million as compared to total debt at year-end 2011 of $1.4 million, primarily relating to a $2.5 million increase in mortgage obligations incurred from the 95-acre purchase of four patented lode claims, known as the Dayton Resource Area.
  • Cash, cash equivalents and investments at June 30, 2012 were $5.3 million, excluding the newly arranged $10 million of financings, compared to $9.2 million at December 31, 2011.


Comstock’s Chief Executive Officer, Corrado De Gasperis commented, “In the first six months of the year we strengthened an already strong, production-focused management team, obtained final permits, fortified our balance sheet and commenced production, becoming Nevada’s newest gold and silver mining company!”

 
Thursday, August 9, 2012

COMSTOCK MINING COMMENCES MINING OPERATIONS

Virginia City, NV (August 9, 2012) -- Comstock Mining Inc. (the “Company” or “Comstock”) (NYSE Amex: LODE) announced that it has begun hauling ore from the Lucerne mine to its process area in American Flat. This marks the commencement of full mining activities and the highly anticipated return of mining to the historic Comstock Lode near Virginia City and Gold Hill, Nevada.

Mining commenced once the Company completed commissioning its new crushing facility. As a result, ore will now be crushed, agglomerated and stacked onto the newly expanded heap pads.  During this period of time, the Company will also complete the commissioning of the expanded Merrill Crowe/refinery facility, fully completing the construction phase of Comstock’s march to production.  Once the Company has stacked a sufficient quantity of agglomerated ore, it will also introduce solution and commence the leaching processes. The addition of solution to the heap through a buried irrigation system will then initiate the recovery of gold and silver from the ore. The final step, pouring gold and silver Doré, will begin once a sufficient quantity of the precious metals has been captured by the Merrill Crowe’s zinc precipitation process. The Company estimates the first pouring of gold and silver will occur in September.

"The last six months represents a tremendously focused march to production, effectively building our team, the mine and the entire operating facility,” stated Corrado De Gasperis, President and CEO of Comstock. “On behalf of the entire Comstock Team, it is very satisfying to say that we are Nevada’s Newest Gold and Silver Miner.”

Once the complete mining and recovery process stabilizes from the initial start-up mode, the Company estimates production to quickly reach annual run rates of approximately one million tons of ore processed.  Based on the current mine plan, this should generate approximately 20,000 gold equivalent ounces per annum.

As previously announced, the Company will host a conference call on August 14, 2012 at 11:00 a.m. Pacific Time/2:00 p.m. Eastern Time to report Second Quarter 2012 results and provide a business update.

The live call will include a moderated Q&A, after the prepared remarks. The dial-in telephone numbers for the live audio are as follows:

North American Toll Free: 1-866-544-4625

Canada Local / International: 416-849-2726

The audio will be available following the call, and for 30 days thereafter, at http://www.comstockmining.com/investors/investor-library


About Comstock Mining Inc.

 
Monday, July 30, 2012

Comstock Mining Announces $10 Million Financings

Establishes Strategic, Industry Leading Alliances

Virginia City, NV (July 30, 2012) -- Comstock Mining Inc. (the “Company” or “Comstock Mining”) (NYSE Amex: LODE) announced today that it has developed new strategic alliances with two financing partners. The Company arranged a loan commitment up to $5 million, subject to certain conditions (the “Cat Equipment Facility”) with Caterpillar Financial Services Corporation (“Cat Financial”) and a $5 million secured revolving credit facility (the “Revolving Credit Facility”) with Resource Income Fund (“RIF”), with Auramet Trading LLC (“Auramet”) acting as gold agent. 

The Company may borrow up to $5 million at any one time under the Revolving Credit Facility.  On July 30, 2012, the Company drew down $5 million dollars. Each of the Company and Comstock Mining LLC (the “Subsidiary”) agreed to secure the Company’s obligations under the Revolving Credit Facility.  In connection with entry into the Revolving Credit Facility, the Company and the Subsidiary have also entered related sale and trading agreements with Auramet.  In order to repay the Revolving Credit Facility, the Company agreed to deliver 3,720 ounces of gold over a 26-week term beginning in February 2013 through July 2013.  The proceeds of the Revolving Credit Facility will be used primarily for working capital and capital expenditures associated with the commencement of production.

The Cat Equipment Facility is a 30 month term loan of $5 million. The Company will use the proceeds to finance our Cat mobile equipment fleet, our Crushing facility and our Merrill Crowe facility.  The Company closed on the first $2 million tranche of this financing on July 30, 2012.

The Company has begun mining operations in the mine and has commissioned its new Crushing facility.  The Company will commence commissioning the Merrill Crowe facility this week and plans on hauling ore the first week of August.  After crushing and stacking this ore to sufficient quantity, the Company will then commence leaching and recovering the contained precious metals through the Merrill Crowe zinc precipitation process.

“These working capital financings are consistent with our business plans as we become Nevada’s newest gold and silver miner.  These financing packages not only accelerate the transition into sales from production, but they represent two outstanding, industry-leading, production partners who are enabling and supporting the growth and development of the Comstock. We remain on track for our first pour this summer,” stated Mr. De Gasperis.

About Comstock Mining Inc.

 
Monday, July 30, 2012

Comstock Mining Announces Notice of Second Quarter 2012 Results

And Business Update Conference Call

Virginia City, NV (July 30, 2012) -- Comstock Mining Inc. (“Comstock Mining” or “the Company”) (NYSE Amex: LODE) will host a conference call on August 14, 2012 at 11:00 a.m. Pacific Time/2:00 p.m. Eastern Time to report Second Quarter 2012 results and business update.

The live call will include a moderated Q&A, after the prepared remarks.  The dial-in telephone numbers for the live audio are as follows:

North American Toll Free: 1-866-544-4625

Canada Local / International: 416-849-2726

The audio will be available following the call, and for 30 days thereafter, at http://www.comstockmining.com/investors/investor-library

About Comstock Mining Inc.

 
Wednesday, July 18, 2012

COMSTOCK MINING POSTS $4.7 MILLION BOND

REMAINS ON SCHEDULE FOR SAFELY COMMENCING PRODUCTION

 

Virginia City, NV (July 18, 2012) -- Comstock Mining Inc. (the “Company” or “Comstock”) (NYSE Amex: LODE) announced that its reclamation surety bond has been accepted and processed by the State of Nevada’s Bureau of Mining Regulation Reclamation (BMRR). The $4.67 million surety bond increases the Company’s previous cash bond by almost $3 million and is inclusive of the expanded process facility and increased production plan of the current mine plan.

Comstock’s bond covers the recent expansion of the heap from three cells to five and a proposed height of 105 feet, the larger Merrill-Crowe facility, the crusher and increased permitted disturbance of 33.9 acres primarily for waste rock and exploration. The bond insures for the estimated costs required to safely reclaim the natural environment to the regulatory standards established by the State of Nevada’s Division of Environmental Protection with the purposes of ensuring public safety, protecting the waters of the state, and providing for post mining land use.  In addition to these requirements, the Company has also committed to additional reclamation and restoration in the Virginia City National Historic Landmark designed to create a post-mining landscape respectfully reminiscent of the pre-mining state. This demonstrates the Company’s strong commitment to protecting, preserving, restoring and enhancing the territory. This will not only increase the post-mining values associated with these properties, but they also facilitate more, community-led investment in historic preservation, tourism and the quality of the uniquely Nevadan, Historic Comstock Mining District.

“We consider the required bonding, the largest to date on the Comstock, a significant investment into the long-term development of the territory, but it is only one step towards creating a truly sustainable, diverse, network economy beneficial to the entire community,” stated Corrado De Gasperis, Comstock’s President and CEO. “These highly rated, Treasury listed sureties represent another example of industry-leading partners who are engaging the Comstock.”

The Company engaged with Lexon Surety Group (“Lexon”), a leading, U.S. provider of Surety Bonds. Lexon issues over 45,000 bonds a year to clients in 49 states, Washington D.C., the Northern Mariana Islands, and Guam. The Lexon bond was provided through Smith Manus, of Louisville, KY, the Lexon Program Manager for Mining.  These two leading surety bond organizations represent clients in industries such as mining, construction, oil & gas and others.  Lexon maintains an A.M Best rating of A- (Excellent – Stable).

Lexon CEO & President David E. Campbell commented, “Comstock’s strong management and balance sheet, existing gold and silver resources and its exceptional, environmentally sensitive business plans, demonstrate the type of strategic partner that we target.”

The BMRR issued permit #0196 for the Reclamation Surety Determination for the Lucerne Mine Project. In addition to bonding the entire operation, receipt of this permit allows the Company to add solution to the heap that initiates the gold and silver recovery process once the Merrill Crowe facility is commissioned.

Comstock can begin mining operations and plans on hauling ore before the end of July. After crushing and stacking this ore to sufficient quantity, the Company will then commence leaching and recovering the contained precious metals through the Merrill Crowe zinc precipitation process.

"We remain on track for our first pour this summer," stated Mr. De Gasperis. "We are currently hiring our remaining processing staff for the Merrill Crowe, raising our employment to over 100 people.”

About Comstock Mining Inc.

 
Wednesday, July 11, 2012

COMSTOCK MINING COMMISSIONS CRUSHER

 

Virginia City, NV (July 11, 2012) -- Comstock Mining Inc. (the “Company” or “Comstock”) (NYSE Amex: LODE) announced that construction of its Crusher Facility has been completed and it has begun to commission the equipment. The testing and calibration of the facility will continue for about ten days, after which time the production process can commence with the crushing and stacking of ore onto the heap.

Ore will be stock piled in front of the crusher, providing a sufficient buffer to feed an optimized blend of grade and rock type into the crusher. Much of the ore in the Lucerne will by-pass the crusher altogether after passing through the wobbler feeder and subsequent screen. The oversize material will be crushed to 100 percent minus 1.25 inches. Cement will be combined with the ore to facilitate agglomeration of the fine particles to ensure proper and continuous circulation of solution as it leaches throughout the heap.

The crushing facility has a higher capacity than will be initially utilized. This provides sufficient crushing capacity for growth, from an initial rate of 1,000,000 tons per annum up to anticipated production levels of more than 3,500,000 tons per annum, without upgrading the crusher.

"Commissioning the Crusher represents one of the single, most tangible steps on our March to Production," stated Corrado De Gasperis, President and CEO of Comstock Mining. "The American made equipment is state of the art and once commissioned, our team will begin crushing the ore and stacking it onto the new heap pads.”

The primary components in the Crusher Facility include a(n):

-       Wobbler Feeder

-       Primary Jaw Crusher (KPI-JCI 3055)

-       Cone Crusher (K400+ w/3 axle chassis and twin 200HP drive)

-       Scalping Screen (6’ x 16’) and Conveyor (72” x 36’)

-       Medium Scalping Screen (7' x 20') with Mounted Conveyors (60' x 30")

-       Multiple Conveyors (36” x various lengths)

-       Super Stacker, (KPI, 36" x 150'), w/ 4 wheel drive

-       Agglomerator

-       Cement Silos

-       Control tower, and

-       Environmental bag house equipment for dust prevention

 

The cost to purchase, construct and install the Crusher Facility was approximately $6.3 million. Four principle contractors were used on this project: Goodfellow Corp, Boulder City, Nevada, JC industries, from Selma, Texas, A.M. Smith Electric, Inc., based in Carson City, Nevada and Lyon County contractor Cruz Construction Company Inc., based about ten miles from the mine in Mound House, Nevada.

Comstock remains on schedule to complete the expansion of its Merrill Crowe processing facilities in July.  After crushing and stacking to a sufficient quantity, the Company will then commence leaching and recovering the contained precious metals through the Merrill Crowe zinc precipitation process.  "We remain on track for our first pour this summer," stated Mr. De Gasperis, "We are currently hiring our remaining processing staff for the Merrill Crowe, raising our employment to over 100 people.”

 

About Comstock Mining Inc.

 
Monday, July 9, 2012

COMSTOCK MINING RECEIVES FORMAL CURE FROM BLM

Permits Additional Right of Way Access

Virginia City, NV (July 9, 2012) -- Comstock Mining Inc. (the “Company” or “Comstock”) (NYSE Amex: LODE) announced it has received confirmation from the Carson City District Field Office of the Bureau of Land Management (BLM) that the issues in the Notice of Trespass (the “Notice”) dated June 6th has officially been resolved—and that all conditions included in the Notice having been fully satisfied.

The Company had previously announced that it has taken the necessary actions to respond to and correct the alleged infractions identified by the BLM that prompted the May 21st notice requiring the Company to cease using certain lands deemed public by the BLM.

“We are working to establish an exemplary public-private collaboration in Nevada,” stated Corrado De Gasperis, Comstock’s President and CEO. “While we do not necessarily agree on all of the agency’s conclusions, we are working through each one constructively and effectively with the BLM to achieve proper and productive use of our properties.”   Mr. De Gasperis continued; “we thank the BLM for their diligence and assistance in helping Comstock work through the Notice to get it resolved.”

The Company has also received a new Right of Way grant.  This Right of Way provides an alternative route for the transportation of materials from our mine to our processing facilities.  We are currently working with the BLM to process an additional Right of Way grant that will ultimately enhance the efficiency of our operations.

Comstock remains on schedule to complete construction of its new crusher facility and the expansion of its Merrill Crowe processing facilities in July. Upon completion, these facilities will be tested and commissioned.  The Company will then commence crushing, stacking, leaching and recovering the contained precious metals through the Merrill Crowe zinc precipitation process.  "We remain on track for our first pour this summer," stated Mr. De Gasperis, "We are currently hiring our remaining processing staff, raising our employment to over 100 people. We are very much looking forward to commissioning the new Crushing and Merrill Crowe facilities and fast becoming Nevada's newest gold and silver miner."

About Comstock Mining Inc.

 
Monday, July 2, 2012

COMSTOCK MINING COMPLETES HEAP LEACH CONSTRUCTION

Rapidly Becoming Nevada’s Newest Gold and Silver Miner

Virginia City, NV (July 2, 2012) -- Comstock Mining Inc. (the “Company” or “Comstock”) (NYSE Amex: LODE) announced the completion of its Heap Leach construction project. Construction completed the existing Heap Leach from three cells to five while establishing the footprint for future expansions of an additional two cells. This supports the production of stacked ore delivered during the first two years of production from the Lucerne West Mine.  The Company has also completed a significant portion of the Lucerne mine preparation, including ramps and roads.

"Completing the constructing of the Heap Leach and preparing the Lucerne mine for ore extraction were two of the major objectives in our march to production," stated Corrado De Gasperis, President and CEO of Comstock Mining. "Our team managed these projects on plan and our Nevada suppliers delivered with the utmost professionalism and safety."

Construction of the heap pads was regulated by the Nevada Division of Environmental Protection (NDEP) and was engineered to exceed the standards established in the Company’s Water Pollution Control Permit. A three-layer barrier structure permanently contains all fluids within the boundaries of the heap and connects the leaching field to the process ponds. From the bottom up, the three layers contain a one-foot layer of compacted clay base, a non-porous Bentomat liner, and an 80 mil plastic liner.  In addition, a leak detection system was installed and approximately two feet of over liner material was placed on top of the plastic liner, primarily to buffer the liner from contacting ore.

In addition, the three pre-existing heap leach cells were leveled and re-contoured to accommodate stacking of new material to the permitted height of 105 feet. The Company will stack the new material using its new 150 foot retractable Super Stacker. Irrigation of the material will use an environmentally friendly buried drip system.

While the complete leach cycle is estimated at a minimum of 150 days, the majority of the metal should be recovered in less than 60 days.  The Company anticipates that a sufficient quantity will have accumulated to begin the Merrill Crowe process after about 30 days of irrigation.

The cost to construct the heap leach facility and new process pond was approximately $2.4 million. Approximately half of the effort went toward the earthwork for the pads and the process pond and the other half was for the supply, transport and installation of the bentomat, 80 mil plastic liner and the over liner material. The contract to supply and transport the over-liner material was awarded to Cruz Construction based about ten miles from the mine in Mound House, Lyon County, Nevada. “The hauling project alone employed nearly 40 additional people from our local area,” stated Kale Peery, Cruz Construction’s Operations Manager over the Comstock Project. Mach 4 Construction, LLC, of Elko, Nevada, and Comanco Environmental Construction Company, of Reno, Nevada, completed the remainder of the construction.

Comstock remains on schedule to complete the construction of its expanded Merrill Crowe processing and refining building and its new crusher facility in early July.   Upon completion, the facilities will be tested and commissioned.  The Company will then commence crushing, stacking, leaching and recovering the contained precious metals through the Merrill Crowe zinc precipitation process.

"We remain on track for our first pour this summer," stated Mr. De Gasperis, “We are looking forward to commissioning the Merrill Crowe and new Crushing Facility and hiring the remaining processing staff, raising our employment to over 100 people.   We are rapidly becoming Nevada’s newest gold and silver miner.”

Upon completion of these other construction projects, over $18 million dollars will have been invested into northern Nevada, including the Caterpillar fleet, with significant economic and employment benefits to both Storey and Lyon Counties and the greater Northern Nevada region.

About Comstock Mining Inc.

 
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