Movers and SHAKERS
Comstock Mining (LODE)
Taking a Methodical Approach Toward Advancing Dayton and Spring Valley
Comstock Mining Inc is a mining company with a focus on gold and silver deposits in the Comstock and Silver City mining districts in Nevada. Its operations are divided into two segments, namely mining and real estate. Its mining projects include The Lucerne Resource area, the Dayton Resource area, the Spring Valley exploration target, the Northern Extension, Northern Targets and Occidental areas. The Real Estate segment involves land, real estate rental properties and a hotel, restaurant & bar provided by the Gold Hill Hotel located in Gold Hill, Nevada just south of Virginia City and the Daney Ranch, located just south of Silver City. The majority revenues are generated from the real estate segment.
Mark Reichman, Senior Research Analyst, Noble Capital Markets, Inc.
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Planned airborne geophysical survey of Dayton and Spring Valley. Geotech Ltd of Aurora, Ontario, Canada will conduct an airborne geophysical survey of the Dayton resource area and Spring Valley exploration targets in mid-September and will provide Comstock with three dimensional interpreted results by mid-October. The results will enhance management's understanding of the resource expansion potential at Dayton and Spring Valley. Management will finalize targets for an upcoming drill program based on results from the geophysical survey and a detailed structural interpretation of the Dayton resource.
Advancing to full feasibility study and mine plan. By year-end 2020, Comstock plans to publish a Securities and Exchange Commission (SEC)-compliant S-K 1300 technical report for the Dayton resource area and Spring Valley targets that will support a later preliminary economic assessment. The new technical report is expected to provide a new resource estimate and a phased drilling plan which is likely to ...
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*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.