Comstock Acquires Renewable Process Solutions

 

VIRGINIA CITY, Nev., June 22, 2021 (GLOBE NEWSWIRE) — Comstock Mining Inc. (NYSE: LODE) (“Comstock” or the “Company”) today announced the acquisition of 100% of the equity of Renewable Process Solutions, Inc. (“RPS”), an advanced process engineering and renewable technology development company, in exchange for 1,000,000 restricted shares in the Company’s common stock, valuing the transaction at approximately $3.5 million.

RPS and/or Mr. Bobbili have designed and built 21 advanced renewable fuels production facilities since 2006, and RPS currently provides engineering, procurement, and construction (“EPC”) services for the renewable metals, mining, petrochemical, and fuels industries. RPS also provides advanced equipment manufacturing services through its affiliated manufacturing facilities in the United States and India, at consistently superior qualities and rates.

LINICO Corporation (“LiNiCo”), Comstock’s investment in lithium-ion battery (“LIB”) recycling, has currently engaged RPS for the design and construction of critical renewable processes, including crushing, separating and lithium extraction technologies for LiNiCo’s new, state-of-the-art LIB recycling manufacturing facility at 2500 Peru Drive, in the Tahoe Reno Industrial Center, in Storey County, Nevada.

“Almost instantaneously, RPS President & CEO Rahul Bobbili and his network of engineering and advanced manufacturing experts integrated themselves into the LiNiCo team, enhancing designs, ensuring quality, reducing capital requirements and shortening lead times,” stated Corrado De Gasperis, Comstock’s Executive Chairman and Chief Executive Officer. “As the RPS engineers began developing breakthrough lithium extraction and recycling processes for us in real time, with their existing know-how, we also recognized compelling applications and synergies across our existing and planned new lines of business.”

In addition to the acquisition, Mr. Bobbili, as Chief Process Engineer, will oversee and direct all EPC processes for LiNiCo. LiNiCo has commenced ordering crushing and separation equipment, for deliveries during the fourth quarter of 2021 and the first quarter of 2022, on plan, for commencement of production of black mass and lithium carbonate in the first and second quarters of 2022, respectively. LiNiCo’s main processing permit application is expected to be filed this month.

“We see LIBs as a potent source of industrial ore, and as with any ore, we need the right team, technology, and infrastructure to mine and process it,” continued Mr. De Gasperis. “We are very excited to complete this transaction, expand our capacity and add both the new recycling technologies that RPS has and is developing, and most especially, adding Rahul to our senior team.”

About 500,000 tons of expired LIBs with upwards of $921 million in strategic metals are landfilled annually today. A recent report by Yole Développement estimated annual growth to more than 9 million tons and $26 billion by 2040.

Mr. De Gasperis concluded, “Rahul’s capacity for designing, procuring and commissioning innovative, environmentally and economically-focused engineering solutions, with exceptional environmental, health and safety track records, places him and his teams at the forefront of our senior ESG leadership team.”

About Comstock Mining Inc.

Comstock (NYSE: LODE) is an emerging leader in the sustainable extraction, valorization, and production of innovation-based, clean, renewable natural resources, with a focus on high-value, cash-generating, strategic materials that are essential to meeting the rapidly increasing global demand for clean energy, carbon-neutrality, and natural products. To learn more, please visit www.comstockmining.com.

Comstock is also set to join the Russell Microcap Index at the conclusion of the 2021 Russell indexes annual reconstitution, effective after the US market opens on June 28, according to a preliminary list of additions posted June 4, 2021. Membership in the Russell Microcap^® Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.

Forward-Looking Statements

This press release and any related calls or discussions may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, are forward-looking statements. The words “believe,” “expect,” “anticipate,” “estimate,” “project,” “plan,” “should,” “intend,” “may,” “will,” “would,” “potential” and similar expressions identify forward-looking statements, but are not the exclusive means of doing so. Forward-looking statements include statements about matters such as: consummation of all pending transactions; project, asset or Company valuations; future industry market conditions; future explorations, acquisitions, investments and asset sales; future performance of and closings under various agreements; future changes in our exploration activities; future estimated mineral resources; future prices and sales of, and demand for, our products; future impacts of land entitlements and uses; future permitting activities and needs therefor; future production capacity and operations; future operating and overhead costs; future capital expenditures and their impact on us; future impacts of operational and management changes (including changes in the board of directors); future changes in business strategies, planning and tactics and impacts of recent or future changes; future employment and contributions of personnel, including consultants; future land sales, investments, acquisitions, joint ventures, strategic alliances, business combinations, operational, tax, financial and restructuring initiatives; the nature and timing of and accounting for restructuring charges and derivative liabilities and the impact thereof; contingencies; future environmental compliance and changes in the regulatory environment; future offerings of equity or debt securities; asset sales and associated costs; future working capital, costs, revenues, business opportunities, debt levels, cash flows, margins, earnings and growth. These statements are based on assumptions and assessments made by our management in light of their experience and their perception of historical and current trends, current conditions, possible future developments and other factors they believe to be appropriate. Forward-looking statements are not guarantees, representations or warranties and are subject to risks and uncertainties, many of which are unforeseeable and beyond our control and could cause actual results, developments and business decisions to differ materially from those contemplated by such forward-looking statements. Some of those risks and uncertainties include the risk factors set forth in our filings with the SEC and the following: counterparty risks; capital markets’ valuation and pricing risks; adverse effects of climate changes or natural disasters; global economic and capital market uncertainties; the speculative nature of gold or mineral exploration, including risks of diminishing quantities or grades of qualified resources; operational or technical difficulties in connection with exploration or mining activities; contests over title to properties; potential dilution to our stockholders from our stock issuances and recapitalization and balance sheet restructuring activities; potential inability to comply with applicable government regulations or law; adoption of or changes in legislation or regulations adversely affecting businesses; permitting constraints or delays; decisions regarding business opportunities that may be presented to, or pursued by, us or others; the impact of, or the non-performance by parties under agreements relating to, acquisitions, joint ventures, strategic alliances, business combinations, asset sales, leases, options and investments to which we may be party; changes in the United States or other monetary or fiscal policies or regulations; interruptions in production capabilities due to capital constraints; equipment failures; fluctuation of prices for gold or certain other commodities (such as silver, zinc, cyanide, water, diesel fuel and electricity); changes in generally accepted accounting principles; adverse effects of terrorism and geopolitical events; potential inability to implement business strategies; potential inability to grow revenues; potential inability to attract and retain key personnel; interruptions in delivery of critical supplies, equipment and raw materials due to credit or other limitations imposed by vendors or others; assertion of claims, lawsuits and proceedings; potential inability to satisfy debt and lease obligations; potential inability to maintain an effective system of internal controls over financial reporting; potential inability or failure to timely file periodic reports with the SEC; potential inability to list our securities on any securities exchange or market; inability to maintain the listing of our securities; and work stoppages or other labor difficulties. Occurrence of such events or circumstances could have a material adverse effect on our business, financial condition, results of operations or cash flows or the market price of our securities. All subsequent written and oral forward-looking statements by or attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. Except as may be required by securities or other law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Neither this press release nor any related calls or discussions constitutes an offer to sell, the solicitation of an offer to buy or a recommendation with respect to any securities of the Company, the fund or any other issuer.

Tuesday, June 22, 2021

Ely Gold Royalties (ELYGF)(ELY:CA)
A Winning Combination in the Precious Metals Royalty Space

As of April 24, 2020, Noble Capital Markets research on Ely Gold Royalties is published under ticker symbols (ELYGF and ELY:CA). The price target is in USD and based on ticker symbol ELYGF. Research reports dated prior to April 24, 2020 may not follow these guidelines and could account for a variance in the price target. Ely Gold Royalties Inc is an emerging royalty company with producing and development assets focused in Nevada and the Western US. It offers shareholders a low-risk leverage to the current price of gold and low-cost access to long-term gold royalties.

Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Gold Royalty Corp. to acquire Ely Gold Royalties. Ely Gold Royalties announced a definitive agreement to be acquired by Gold Royalty Corp. (NYSE American, GROY) by way of a statutory plan of arrangement. The companies expect to close the transaction during the third quarter of 2021, subject to approval by Ely Gold Royalties shareholders. Mr. Trey Wasser, CEO of Ely Gold will join Gold Royalty’s board of directors. Mr. Jerry Baughman, President of Ely Gold subsidiary Nevada Select Royalties, Inc. will also join the combined entity.


Terms of the transaction.  Ely shareholders will have the option to receive either: 1) C$1.46 in cash, or 2) 0.2450 Gold Royalty shares per Ely share, subject to pro-ration based on a maximum aggregate cash consideration of C$84 million and a maximum number of Gold Royalty Corp. shares issued of ~41.5 million. The exchange ratio implies a mix of C$0.42 in cash and 0.1742 of a Gold Royalty share per …

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*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. 

Great Bear Provides Two New Detailed High-Grade Long Sections and Reaches 318 Drill Holes Reported on Two Year Anniversary of LP Fault Discovery

 

June 21, 2021 – Vancouver, British Columbia, Canada – Great Bear Resources Ltd. (the “Company” or “Great Bear”, TSX-V: GBR; OTCQX: GTBAF) today reported results from its ongoing fully funded $45 million 2021 exploration program at its 100% owned flagship Dixie Project in the Red Lake district of Ontario.

Chris Taylor, President and CEO of Great Bear said, “We are now only months away from completing more than fifty 40 – 50 metre spaced drill sections along 4.2 kilometres of the LP Fault zone.  These will be required for maiden mineral resource estimation modelling of the near-surface (0 – 400 metre depth), central area of the zone.  In this release we provide example cross section 20625, which intersects both high-grade and bulk tonnage gold over an approximate width of 200 metres, as shown on Figure 1.  We also provide a table of all individual sample assay results to our web site from every drill hole traversing the upper 200 metres from surface on this section.  Additional representative sections will be provided as drilling progresses.”

Example Cross Section 20625

New drill hole BR-315 was completed within a 100 metre previously undrilled gap in section 20625 and successfully intersected the three high-grade domains BR7, AURO20 and BR1 which were described in news releases on May 19 and June 3, 2021.  It also intersected a fourth recently defined high-grade gold domain, BR4, southwest of the other high-grade domains.  BR-315 also intersected bulk tonnage style gold mineralization between the high-grade domains.  Highlights of results include:

• High-grade intercepts include 400.00 g/t gold over 0.50 metres from 175.50 to 176.00 metres downhole.  The interval is within newly defined high-grade domain BR4.
  
• Bulk-tonnage gold intercepts include 2.23 g/t gold over 77.40 metres from 69.60 to 147.00 metres downhole.
  
• This included 5.14 g/t gold over 20.70 metres from 75.30 to 96.00 metres downhole as the drill hole traversed high-grade domain AURO20, and 3.83 g/t over 12.15 metres from 117.50 to 129.65 metres downhole as the drill hole traversed domain BR7.
  
• BR-315 was collared within high-grade domain BR1, as shown on Figure 1.  It intersected 7.58 g/t gold over 1.95 metres from 56.90 to 58.85 metres downhole corresponding to the up-dip projection of domain BR1 on this drill section.
  
  

On the same section, new drill hole BR-314 was collared near the southwest edge of the LP Fault zone.  The hole successfully extended high-grade domain BR7 to the near-surface.  Results include:

• 55.40 g/t gold over 0.70 metres from 48.70 – 49.40 metres downhole, within a broader interval of 5.39 g/t gold over 10.40 metres from 43.35 to 53.75 metres downhole.
  

Figure 
1: Example cross section 20625 showing all individual assays from reported highlighted intervals with labelled high-grade domains in the near-surface, 200 m x 200 m area of the LP Fault zone. Gold image is of a select interval and does not represent all gold mineralization on the property.

A new table of all individual sample assays within the main gold-hosting felsic volcanic rocks in drill holes BR-140, 141, 212, 299, 314 and 315 are provided on the Company’s web site at https://greatbearresources.ca/projects/overview/dixie-project-data/.   These holes collectively define the mineralized zone over a width of approximately 200 metres, and from surface to approximately 200 metres vertical depth at this location.

 

Bulk Tonnage Gold Drilling

11 of the 13 drill holes in this release tested the bulk-tonnage style “halo” adjacent to the high-grade domains along more than 2.5 kilometres of strike length.  Drilling intersected gold mineralization from bedrock surface to 500 metres vertical depth.

Results from the bulk tonnage style gold mineralization are presented separately from the high-grade domains, and include:

• Drill hole BR-309 intersected 80.90 metres of bulk-tonnage style gold mineralization over 117 metres of core length between approximately 85 metres and 180 metres vertical depth.  Intervals include:
  
  • 0.85 g/t gold over 23.00 metres from 91.10 to 114.10 metres downhole.
    
  • 0.50 g/t gold over 31.00 metres from 142.00 to 173.00 metres downhole.
    
  • 0.57 g/t gold over 26.90 metres from 193.00 to 219.90 metres downhole.
    
• Drill hole BR-332 intersected 1.02 g/t gold over 52.65 metres from 176.25 to 228.90 metres downhole.  The interval extends from approximately 150 to 200 metres vertical depth.
  
• Drill hole BR-306 intersected 1.08 g/t gold over 106.70 metres from 397.30 to 504.00 metres downhole.  The interval extends from approximately 340 to 430 metres vertical depth. 
  
• Drill hole BR-304 intersected 0.73 g/t gold over 74.35 metres from 495.15 to 569.50 metres downhole in drill hole BR-304. This interval extends from approximately 430 to 500 metres vertical depth.
  

Results demonstrate the gold mineralized zone remains open to extension in all tested locations.  The deepest drilling to date has been to approximately 800 metres vertical depth (March 29, 2021).

New Drill Plans

The Company has now released results from 331 LP Fault drill holes.  An additional 50 drill holes are in various stages of completion, ranging from active drilling to being complete and awaiting receipt of assays.  Approximately 400 drill holes are believed to be required for near-surface maiden mineral resource estimation, and this work is anticipated to be completed over the coming months.

For the first time in a year, follow up drilling of previously successful reconnaissance holes completed elsewhere along 11 kilometres of the LP Fault will now be undertaken, in addition to the systematic extension and infill drilling of the central LP Fault zone which will remain ongoing.  Figure 3.

Regional drilling will include a one kilometre step-out to the east of the central 4.2 kilometre drill grid.  Concurrently, deeper drilling of the central LP Fault zone below the approximately 400 metre vertical depth of the planned resource area will continue into 2022.  Drilling will also recommence during summer/fall 2021 on the Hinge and Dixie Limb zones.

Table 
1: Current LP Fault drill results targeting the bulk-tonnage style halo of the gold mineralized system, arranged from southeast (top) to northwest (bottom) .  Only drill holes BR-314 and BR-315 targeted the high-grade core of the zone.

* Widths are drill indicated core length, as insufficient drilling has been undertaken to determine true widths at this time.  Average grades are calculated with un-capped gold assays, as insufficient drilling has been completed to determine capping levels for higher grade gold intercepts.  Interval widths are calculated using a 0.10 g/t gold cut-off grade with up to 3 m of internal dilution of zero grade.

Figure 
2: Complete drill section 20625 spanning an 800 m x 800 m area with highlighted assays. 

Figure 3: Map of current drill results and current and upcoming drill areas at the Dixie project.

Great Bear’s progress can be followed using the Company’s plan maps, long sections and cross sections, and through the VRIFY model posted at the Company’s web site at www.greatbearresources.ca.  All LP Fault drill hole highlighted assays, plus drill collar locations and orientations can also be downloaded at the Company’s web site.

Drill collar location, azimuth and dip for drill holes included in this release are provided in the table below (UTM zone 15N, NAD 83):

About the Dixie Project

About the Dixie Project

The Dixie Project is 100% owned, comprised of 9,140 hectares of contiguous claims that extend over 22 kilometres, and is located approximately 25 kilometres southeast of the town of Red Lake, Ontario. The project is accessible year-round via a 15 minute drive on a paved highway which runs the length of the northern claim boundary and a network of well-maintained logging roads.

The Dixie Project hosts two principal styles of gold mineralization:

• High-grade gold in quartz veins and silica-sulphide replacement zones (Dixie Limb, Hinge and Arrow zones). Hosted by mafic volcanic rocks and localized near regional-scale D2 fold axes.  These mineralization styles are also typical of the significant mined deposits of the Red Lake district.
  
• High-grade disseminated gold with broad moderate to lower grade envelopes (LP Fault).  The LP Fault is a significant gold-hosting structure which has been seismically imaged to extend to 14 kilometres depth (Zeng and Calvert, 2006), and has been interpreted by Great Bear to have up to 18 kilometres of strike length on the Dixie property.  High-grade gold mineralization is controlled by structural and geological contacts, and moderate to lower-grade disseminated gold surrounds and flanks the high-grade intervals.  The dominant gold-hosting stratigraphy consists of felsic sediments and volcanic units.
  

About Great Bear

Great Bear Resources Ltd. is a well-financed gold exploration company managed by a team with a track record of success in mineral exploration.  Great Bear is focused in the prolific Red Lake gold district in northwest Ontario, where the company controls over 200 km² of highly prospective tenure across 4 projects, all 100% owned: The flagship Dixie Project, the Pakwash Property, the Sobel Property, and the Red Lake North Property, all of which are accessible year-round through existing roads.

QA/QC and Core Sampling Protocols

Drill core is logged and sampled in a secure core storage facility located in Red Lake Ontario.  Core samples from the program are cut in half, using a diamond cutting saw, and are sent to Activation Laboratories in Ontario, an accredited mineral analysis laboratory, for analysis. All samples are analysed for gold using standard Fire Assay-AA techniques. Samples returning over 10.0 g/t gold are analysed utilizing standard Fire Assay-Gravimetric methods.  Pulps from approximately 5% of the gold mineralized samples are submitted for check analysis to a second lab.  Selected samples are also chosen for duplicate assay from the coarse reject of the original sample.  Selected samples with visible gold are also analyzed with a standard 1 kg metallic screen fire assay.  Certified gold reference standards, blanks and field duplicates are routinely inserted into the sample stream, as part of Great Bear’s quality control/quality assurance program (QAQC).  No QAQC issues were noted with the results reported herein. 

Qualified Person and NI 43-101 Disclosure

Mr. R. Bob Singh, P.Geo, VP Exploration, and Ms. Andrea Diakow P.Geo, VP, Projects for Great Bear are the Qualified Persons as defined by National Instrument 43-101 responsible for the accuracy of technical information contained in this news release.

 

ON BEHALF OF THE BOARD

“Chris Taylor”                                 

Chris Taylor, President and CEO

 

Investor Inquiries:

Mr. Knox Henderson

Tel: 604-646-8354

Direct: 604-551-2360

[email protected]

www.greatbearresources.ca

 

Cautionary note regarding forward-looking statements

This release contains certain “forward looking statements” and certain “forward-looking information” as defined under applicable Canadian and U.S. securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as “may”, “will”, “should”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology. The forward-looking information contained herein is provided for the purpose of assisting readers in understanding management’s current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes.

Forward-looking information are based on management of the parties’ reasonable assumptions, estimates, expectations, analyses and opinions, which are based on such management’s experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect.

Such factors, among other things, include: impacts arising from the global disruption caused by the Covid-19 coronavirus outbreak, business integration risks; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold or certain other commodities; change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); discrepancies between actual and estimated metallurgical recoveries; inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); and title to properties.

Great Bear undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

Great Bear Provides Two New Detailed High-Grade Long Sections and Reaches 318 Drill Holes Reported on Two Year Anniversary of LP Fault Discovery

 

June 21, 2021 – Vancouver, British Columbia, Canada – Great Bear Resources Ltd. (the “Company” or “Great Bear”, TSX-V: GBR; OTCQX: GTBAF) today reported results from its ongoing fully funded $45 million 2021 exploration program at its 100% owned flagship Dixie Project in the Red Lake district of Ontario.

Chris Taylor, President and CEO of Great Bear said, “We are now only months away from completing more than fifty 40 – 50 metre spaced drill sections along 4.2 kilometres of the LP Fault zone.  These will be required for maiden mineral resource estimation modelling of the near-surface (0 – 400 metre depth), central area of the zone.  In this release we provide example cross section 20625, which intersects both high-grade and bulk tonnage gold over an approximate width of 200 metres, as shown on Figure 1.  We also provide a table of all individual sample assay results to our web site from every drill hole traversing the upper 200 metres from surface on this section.  Additional representative sections will be provided as drilling progresses.”

Example Cross Section 20625

New drill hole BR-315 was completed within a 100 metre previously undrilled gap in section 20625 and successfully intersected the three high-grade domains BR7, AURO20 and BR1 which were described in news releases on May 19 and June 3, 2021.  It also intersected a fourth recently defined high-grade gold domain, BR4, southwest of the other high-grade domains.  BR-315 also intersected bulk tonnage style gold mineralization between the high-grade domains.  Highlights of results include:

• High-grade intercepts include 400.00 g/t gold over 0.50 metres from 175.50 to 176.00 metres downhole.  The interval is within newly defined high-grade domain BR4.
  
• Bulk-tonnage gold intercepts include 2.23 g/t gold over 77.40 metres from 69.60 to 147.00 metres downhole.
  
• This included 5.14 g/t gold over 20.70 metres from 75.30 to 96.00 metres downhole as the drill hole traversed high-grade domain AURO20, and 3.83 g/t over 12.15 metres from 117.50 to 129.65 metres downhole as the drill hole traversed domain BR7.
  
• BR-315 was collared within high-grade domain BR1, as shown on Figure 1.  It intersected 7.58 g/t gold over 1.95 metres from 56.90 to 58.85 metres downhole corresponding to the up-dip projection of domain BR1 on this drill section.
  
  

On the same section, new drill hole BR-314 was collared near the southwest edge of the LP Fault zone.  The hole successfully extended high-grade domain BR7 to the near-surface.  Results include:

• 55.40 g/t gold over 0.70 metres from 48.70 – 49.40 metres downhole, within a broader interval of 5.39 g/t gold over 10.40 metres from 43.35 to 53.75 metres downhole.
  

Figure 
1: Example cross section 20625 showing all individual assays from reported highlighted intervals with labelled high-grade domains in the near-surface, 200 m x 200 m area of the LP Fault zone. Gold image is of a select interval and does not represent all gold mineralization on the property.

A new table of all individual sample assays within the main gold-hosting felsic volcanic rocks in drill holes BR-140, 141, 212, 299, 314 and 315 are provided on the Company’s web site at https://greatbearresources.ca/projects/overview/dixie-project-data/.   These holes collectively define the mineralized zone over a width of approximately 200 metres, and from surface to approximately 200 metres vertical depth at this location.

 

Bulk Tonnage Gold Drilling

11 of the 13 drill holes in this release tested the bulk-tonnage style “halo” adjacent to the high-grade domains along more than 2.5 kilometres of strike length.  Drilling intersected gold mineralization from bedrock surface to 500 metres vertical depth.

Results from the bulk tonnage style gold mineralization are presented separately from the high-grade domains, and include:

• Drill hole BR-309 intersected 80.90 metres of bulk-tonnage style gold mineralization over 117 metres of core length between approximately 85 metres and 180 metres vertical depth.  Intervals include:
  
  • 0.85 g/t gold over 23.00 metres from 91.10 to 114.10 metres downhole.
    
  • 0.50 g/t gold over 31.00 metres from 142.00 to 173.00 metres downhole.
    
  • 0.57 g/t gold over 26.90 metres from 193.00 to 219.90 metres downhole.
    
• Drill hole BR-332 intersected 1.02 g/t gold over 52.65 metres from 176.25 to 228.90 metres downhole.  The interval extends from approximately 150 to 200 metres vertical depth.
  
• Drill hole BR-306 intersected 1.08 g/t gold over 106.70 metres from 397.30 to 504.00 metres downhole.  The interval extends from approximately 340 to 430 metres vertical depth. 
  
• Drill hole BR-304 intersected 0.73 g/t gold over 74.35 metres from 495.15 to 569.50 metres downhole in drill hole BR-304. This interval extends from approximately 430 to 500 metres vertical depth.
  

Results demonstrate the gold mineralized zone remains open to extension in all tested locations.  The deepest drilling to date has been to approximately 800 metres vertical depth (March 29, 2021).

New Drill Plans

The Company has now released results from 331 LP Fault drill holes.  An additional 50 drill holes are in various stages of completion, ranging from active drilling to being complete and awaiting receipt of assays.  Approximately 400 drill holes are believed to be required for near-surface maiden mineral resource estimation, and this work is anticipated to be completed over the coming months.

For the first time in a year, follow up drilling of previously successful reconnaissance holes completed elsewhere along 11 kilometres of the LP Fault will now be undertaken, in addition to the systematic extension and infill drilling of the central LP Fault zone which will remain ongoing.  Figure 3.

Regional drilling will include a one kilometre step-out to the east of the central 4.2 kilometre drill grid.  Concurrently, deeper drilling of the central LP Fault zone below the approximately 400 metre vertical depth of the planned resource area will continue into 2022.  Drilling will also recommence during summer/fall 2021 on the Hinge and Dixie Limb zones.

Table 
1: Current LP Fault drill results targeting the bulk-tonnage style halo of the gold mineralized system, arranged from southeast (top) to northwest (bottom) .  Only drill holes BR-314 and BR-315 targeted the high-grade core of the zone.

* Widths are drill indicated core length, as insufficient drilling has been undertaken to determine true widths at this time.  Average grades are calculated with un-capped gold assays, as insufficient drilling has been completed to determine capping levels for higher grade gold intercepts.  Interval widths are calculated using a 0.10 g/t gold cut-off grade with up to 3 m of internal dilution of zero grade.

Figure 
2: Complete drill section 20625 spanning an 800 m x 800 m area with highlighted assays. 

Figure 3: Map of current drill results and current and upcoming drill areas at the Dixie project.

Great Bear’s progress can be followed using the Company’s plan maps, long sections and cross sections, and through the VRIFY model posted at the Company’s web site at www.greatbearresources.ca.  All LP Fault drill hole highlighted assays, plus drill collar locations and orientations can also be downloaded at the Company’s web site.

Drill collar location, azimuth and dip for drill holes included in this release are provided in the table below (UTM zone 15N, NAD 83):

About the Dixie Project

About the Dixie Project

The Dixie Project is 100% owned, comprised of 9,140 hectares of contiguous claims that extend over 22 kilometres, and is located approximately 25 kilometres southeast of the town of Red Lake, Ontario. The project is accessible year-round via a 15 minute drive on a paved highway which runs the length of the northern claim boundary and a network of well-maintained logging roads.

The Dixie Project hosts two principal styles of gold mineralization:

• High-grade gold in quartz veins and silica-sulphide replacement zones (Dixie Limb, Hinge and Arrow zones). Hosted by mafic volcanic rocks and localized near regional-scale D2 fold axes.  These mineralization styles are also typical of the significant mined deposits of the Red Lake district.
  
• High-grade disseminated gold with broad moderate to lower grade envelopes (LP Fault).  The LP Fault is a significant gold-hosting structure which has been seismically imaged to extend to 14 kilometres depth (Zeng and Calvert, 2006), and has been interpreted by Great Bear to have up to 18 kilometres of strike length on the Dixie property.  High-grade gold mineralization is controlled by structural and geological contacts, and moderate to lower-grade disseminated gold surrounds and flanks the high-grade intervals.  The dominant gold-hosting stratigraphy consists of felsic sediments and volcanic units.
  

About Great Bear

Great Bear Resources Ltd. is a well-financed gold exploration company managed by a team with a track record of success in mineral exploration.  Great Bear is focused in the prolific Red Lake gold district in northwest Ontario, where the company controls over 200 km² of highly prospective tenure across 4 projects, all 100% owned: The flagship Dixie Project, the Pakwash Property, the Sobel Property, and the Red Lake North Property, all of which are accessible year-round through existing roads.

QA/QC and Core Sampling Protocols

Drill core is logged and sampled in a secure core storage facility located in Red Lake Ontario.  Core samples from the program are cut in half, using a diamond cutting saw, and are sent to Activation Laboratories in Ontario, an accredited mineral analysis laboratory, for analysis. All samples are analysed for gold using standard Fire Assay-AA techniques. Samples returning over 10.0 g/t gold are analysed utilizing standard Fire Assay-Gravimetric methods.  Pulps from approximately 5% of the gold mineralized samples are submitted for check analysis to a second lab.  Selected samples are also chosen for duplicate assay from the coarse reject of the original sample.  Selected samples with visible gold are also analyzed with a standard 1 kg metallic screen fire assay.  Certified gold reference standards, blanks and field duplicates are routinely inserted into the sample stream, as part of Great Bear’s quality control/quality assurance program (QAQC).  No QAQC issues were noted with the results reported herein. 

Qualified Person and NI 43-101 Disclosure

Mr. R. Bob Singh, P.Geo, VP Exploration, and Ms. Andrea Diakow P.Geo, VP, Projects for Great Bear are the Qualified Persons as defined by National Instrument 43-101 responsible for the accuracy of technical information contained in this news release.

 

ON BEHALF OF THE BOARD

“Chris Taylor”                                 

Chris Taylor, President and CEO

 

Investor Inquiries:

Mr. Knox Henderson

Tel: 604-646-8354

Direct: 604-551-2360

[email protected]

www.greatbearresources.ca

 

Cautionary note regarding forward-looking statements

This release contains certain “forward looking statements” and certain “forward-looking information” as defined under applicable Canadian and U.S. securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as “may”, “will”, “should”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology. The forward-looking information contained herein is provided for the purpose of assisting readers in understanding management’s current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes.

Forward-looking information are based on management of the parties’ reasonable assumptions, estimates, expectations, analyses and opinions, which are based on such management’s experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect.

Such factors, among other things, include: impacts arising from the global disruption caused by the Covid-19 coronavirus outbreak, business integration risks; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold or certain other commodities; change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); discrepancies between actual and estimated metallurgical recoveries; inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); and title to properties.

Great Bear undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

Comstock Mining Announces Participation in Noble Capital Markets Virtual Road Show Series

 

Virginia City, NV (June 21, 2021) Comstock Mining Inc. (the “Company”) (NYSE American: LODE) announced today its participation in Noble Capital Markets’ Virtual Road Show Series, presented by Channelchek, scheduled for this Tuesday, June 22, 2021, at 10 AM PDT / 1 PM EDT.

The virtual road show will feature a corporate presentation from Comstock Mining’s Executive Chairman and CEO, Corrado De Gasperis, followed by a Q & A session facilitated by Noble Senior Research Analyst Mark Reichman, including questions submitted by the audience.

There is no charge for this live broadcast of the virtual road show that is open to all investors at any level.

Presentation details: 

Date: Tuesday, June 22, 2021

Time: 10:00-11:00am PDT

Investors can register for the conference: Registration (gotowebinar.com)

  

About Comstock Mining Inc.

Comstock (NYSE: LODE) is an emerging leader in the sustainable extraction, valorization, and production of innovation-based, clean, renewable natural resources, with a focus on high-value, cash-generating, strategic materials that are essential to meeting the rapidly increasing global demand for clean energy, carbon-neutrality, and natural products. To learn more, please visit www.comstockmining.com.

Comstock is also set to join the Russell Microcap^® Index at the conclusion of the 2021 Russell indexes annual reconstitution, effective after the US market opens on June 28, according to a preliminary list of additions posted June 4, 2021. Membership in the Russell Microcap^® Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.

About Noble Capital Markets

Noble Capital Markets, Inc. was incorporated in 1984 as a full-service SEC / FINRA registered broker-dealer, dedicated exclusively to serving underfollowed small / microcap companies through investment banking, wealth management, trading & execution, and equity research activities. Over the past 36 years, Noble has raised billions of dollars for these companies and published more than 45,000 equity research reports. www.noblecapitalmarkets.com email: [email protected]

About Channelchek

Channelchek (.com) is a comprehensive investor-centric portal – featuring more than 6,000 emerging growth companies – that provides advanced market data, independent research, balanced news, video webcasts, exclusive c-suite interviews, and access to virtual road shows. The site is available to the public at every level without cost or obligation. Research on Channelchek is provided by Noble Capital Markets, Inc., an SEC / FINRA registered broker-dealer since 1984. www.channelchek.com email: [email protected]

Forward-Looking Statements

This press release and any related calls or discussions may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, are forward-looking statements. The words “believe,” “expect,” “anticipate,” “estimate,” “project,” “plan,” “should,” “intend,” “may,” “will,” “would,” “potential” and similar expressions identify forward-looking statements, but are not the exclusive means of doing so. Forward-looking statements include statements about matters such as: consummation of all pending transactions; project, asset or Company valuations; future industry market conditions; future explorations, acquisitions, investments and asset sales; future performance of and closings under various agreements; future changes in our exploration activities; future estimated mineral resources; future prices and sales of, and demand for, our products; future impacts of land entitlements and uses; future permitting activities and needs therefor; future production capacity and operations; future operating and overhead costs; future capital expenditures and their impact on us; future impacts of operational and management changes (including changes in the board of directors); future changes in business strategies, planning and tactics and impacts of recent or future changes; future employment and contributions of personnel, including consultants; future land sales, investments, acquisitions, joint ventures, strategic alliances, business combinations, operational, tax, financial and restructuring initiatives; the nature and timing of and accounting for restructuring charges and derivative liabilities and the impact thereof; contingencies; future environmental compliance and changes in the regulatory environment; future offerings of equity or debt securities; asset sales and associated costs; future working capital, costs, revenues, business opportunities, debt levels, cash flows, margins, earnings and growth. These statements are based on assumptions and assessments made by our management in light of their experience and their perception of historical and current trends, current conditions, possible future developments and other factors they believe to be appropriate. Forward-looking statements are not guarantees, representations or warranties and are subject to risks and uncertainties, many of which are unforeseeable and beyond our control and could cause actual results, developments and business decisions to differ materially from those contemplated by such forward-looking statements. Some of those risks and uncertainties include the risk factors set forth in our filings with the SEC and the following: counterparty risks; capital markets’ valuation and pricing risks; adverse effects of climate changes or natural disasters; global economic and capital market uncertainties; the speculative nature of gold or mineral exploration, including risks of diminishing quantities or grades of qualified resources; operational or technical difficulties in connection with exploration or mining activities; contests over title to properties; potential dilution to our stockholders from our stock issuances and recapitalization and balance sheet restructuring activities; potential inability to comply with applicable government regulations or law; adoption of or changes in legislation or regulations adversely affecting businesses; permitting constraints or delays; decisions regarding business opportunities that may be presented to, or pursued by, us or others; the impact of, or the non-performance by parties under agreements relating to, acquisitions, joint ventures, strategic alliances, business combinations, asset sales, leases, options and investments to which we may be party; changes in the United States or other monetary or fiscal policies or regulations; interruptions in production capabilities due to capital constraints; equipment failures; fluctuation of prices for gold or certain other commodities (such as silver, zinc, cyanide, water, diesel fuel and electricity); changes in generally accepted accounting principles; adverse effects of terrorism and geopolitical events; potential inability to implement business strategies; potential inability to grow revenues; potential inability to attract and retain key personnel; interruptions in delivery of critical supplies, equipment and raw materials due to credit or other limitations imposed by vendors or others; assertion of claims, lawsuits and proceedings; potential inability to satisfy debt and lease obligations; potential inability to maintain an effective system of internal controls over financial reporting; potential inability or failure to timely file periodic reports with the SEC; potential inability to list our securities on any securities exchange or market; inability to maintain the listing of our securities; and work stoppages or other labor difficulties. Occurrence of such events or circumstances could have a material adverse effect on our business, financial condition, results of operations or cash flows or the market price of our securities. All subsequent written and oral forward-looking statements by or attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. Except as may be required by securities or other law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Neither this press release nor any related calls or discussions constitutes an offer to sell, the solicitation of an offer to buy or a recommendation with respect to any securities of the Company, the fund or any other issuer.

Contact information:
Comstock Mining Inc. P.O. Box 1118 Virginia City, NV 89440 ComstockMining.com	Corrado De Gasperis Executive Chairman & CEO Tel (775) 847-4755 [email protected]	Zach Spencer Director of External Relations Tel (775) 847-5272 Ext.151 [email protected]