Comstock Metals today announced a proposed 5 to 1 share consolidation and a proposed non-brokered private placement of up to 3,000,000 units priced, on a post-consolidated basis, at $0.10 per Unit for gross proceeds of up to $300,000. Private placement The Units to be issued under the proposed Offering will consist of one common share of the Company and one common share purchase warrant. The Warrants will be exercisable [...]
Vancouver, BC - TheNewswire - October 23, 2019 - Comstock Metals Ltd. is pleased to announce that it has entered into a non-binding letter of intent with MAS Gold Corp. to consider strategic alternatives in respect of a proposed joint venture, joint marketing, or an alternative transaction in respect to Comstock's Preview SW Gold Project and MAS Gold's adjacent Preview Lake and North Lake Properties located in the La [...]
Comstock Metals announced today that Mr. Rasool Mohammad has resigned as a Director and Chairman of the Company effective September 30, 2019. Mr. Arnold Tenney, a current director of the Company, will replace Mr. Mohammad as Chairman effective October 1, 2019. Mr. Mohammad is leaving the Company to pursue other interests. Mr. Mohammad has played a central role in the development of the Company and the Company wishes to [...]
Comstock Metals announced today that certain officers and directors have been issued an aggregate of 2,000,000 options pursuant to the Company's option plan effective today with each such option being exercisable into one common share at an exercise price of $0.05 at any time on or before the fifth anniversary of its issuance. One-half of the options vested on grant and the remainder vest on the six month anniversary of [...]
Comstock Metals Ltd. is pleased to announce that it has closed the previously announced sale by the Company to White Gold Corp. of the property known as the QV Gold Project . The Property covers 16,335 hectares within the White Gold District of the Yukon Territory, approximately 70 kilometres south of Dawson City, Yukon. As consideration for the Disposition, White Gold made a cash payment of $375,000 and issued an [...]
Comstock Metals is pleased to report the results from the winter diamond drilling program at its 100% owned Preview SW gold project, located 40 km northeast of La Ronge, Saskatchewan. These results are from 5 NQ diameter drill holes, totalling 810 metres, completed at the Preview North zone. 23.6 m averaging 3.60 g/t gold in PR18-187 starting at 50.40 m down hole and including 2.10 m averaging 13.85 g/t gold starting at [...]
White Gold Corp. and Comstock Metals Ltd. are pleased to announce that they have entered into a binding letter agreement dated January 11, 2019 pursuant to which the Company will purchase from the Vendor the property known as the QV Gold Project subject to the terms and conditions therein. The Property covers 16,335 hectares in the Yukon’s White Gold District, bringing the Company’s total holdings in the White [...]
Comstock Metals Ltd. is pleased to provide a recap of 2018 and plan for 2019 from Steven H. Goldman Comstock's President, CEO and Director. Dear Shareholders, Although our current share price is disappointing, 2018 was both a busy and productive year for Comstock Metals Ltd. We re-examined our mission statement and objectives last winter. In addition to focusing on our gold projects at QV and Preview SW , we decided to [...]
Comstock Metals Ltd. is pleased to announce that it has commenced a winter exploration program at its 100% owned Preview SW Gold Project, located 40 km northeast of La Ronge, Saskatchewan. The program will comprise approximately 1,000 metres of diamond drilling focused on the Preview North zone. In addition, a detailed ground magnetic survey is planned to assist in advancing other targets on the property. Drilling at [...]
Vancouver, BC / TheNewswire / December 3rd, 2018 - Comstock Metals Ltd. is pleased to announce that it has recently sold its mining claims making up the Old Cabin gold project located 80 km northeast of Wawa, Ontario for a total purchase price of Cdn$96,000. The Company had determined that the Old Cabin gold project was no longer a core asset. The Company is also pleased to announce that Desarrollos Mineros El Aguila [...]
Comstock Metals Ltd. is pleased to announce that its joint venture partner E3 Metals Corp. , has begun the development of its pilot plant which will incorporate E3's proprietary concentration technology to complete the lithium extraction portion of the process flowsheet. Beyond being joint venture partners Comstock previously made a strategic investment into E3 Metals and owns 1,000,000 units gaining exposure to a [...]
Comstock Metals Ltd. is pleased to report results from its Rawhide Cobalt-Silver Property, Ontario. The soil results are very encouraging because of the presence of multiple high priority Cobalt soil anomalies throughout the property and high-grade cobalt rock samples. Highlighted by several samples of high levels of cobalt just north of the Rawhide shaft area. During July 2018 the Company's geologic consultants, APEX [...]
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