Jul 3 2014
Comstock Mining Inc. (the "Company") announced today that the Storey County Board of Commissioners unanimously approved important zoning changes on certain mining claims and other properties located in the Lucerne Resource Area, enabling a more comprehensive mine plan and completing a critical prerequisite for proceeding with a request for an expanded Special Use Permit.
"During the first six months of 2014, we've increased the intrinsic value of our company and the Comstock communities by positioning and preparing our land for more productive uses. Our collaborations with these communities are centered on well-planned projects that promote responsible development, accelerated reclamation and unprecedented preservation activities in this historic, world class gold and silver mining district. These achievements are the results of a true public-private collaborations, working to achieve our common objectives," stated Corrado De Gasperis, President and CEO of Comstock Mining Inc.
These rezoned properties are situated in the Lucerne Resource Area, that includes the historic Justice and Keystone mining claims and near the Historic Woodville Bonanza. The Lucerne Resource Area is the Company's largest, classified gold and silver resource area. Earlier this year, the Lyon County Board of Commissioners unanimously approved break-through zoning changes on certain Company mining claims and other properties located in the Dayton Resource Area. These claims represent the Company's second largest, classified gold and silver resource and include the historic Marble, Alhambra and Kossuth lode patented mining claims. All the zoning in the Company's resource areas are now zoned consistently with the Company's goals and objectives.
About Comstock Mining Inc.
Comstock Mining Inc. is a producing, Nevada-based, gold and silver mining company with extensive, contiguous property in the Comstock District. The Company began acquiring properties in the Comstock District in 2003. Since then, the Company has consolidated a significant portion of the Comstock District, amassed the single largest known repository of historical and current geological data on the Comstock region, secured permits, built an infrastructure and commenced production in 2012. The Company continues acquiring additional properties in the district, expanding its footprint and creating opportunities for further exploration, development and mining. The near term goal of our business plan is to deliver stockholder value by validating qualified resources (measured and indicated) and reserves (proven and probable) of at least 3,250,000 gold equivalent ounces from our first two resource areas, Lucerne and Dayton, achieve initial commercial mining and processing operations in the Lucerne Mine with annual production rates of approximately 40,000 gold equivalent ounces and significantly grow the commercial development of our operations through coordinated, district wide plans that are economically feasible and socially responsible.