Comstock Metals Ltd. · TSXV:CSL.H
Comstock Metals — Investor Presentation (November 2016)
29 slides from Comstock Metals's investor presentation, Nov 14, 2016
Slide 1: Good Planning • Good Geology • Good Management
Good Planning • Good Geology • Good Management TSX.V: CSL November 14, 2016
Slide 2: Disclaimer
Disclaimer This presentation includes certain “forward-looking statements” within the meaning of Canadian securities legislation. All statements other than statements of historical fact included in this presentation, including, without limitation, statements regarding potential mineralization and re
Slide 3: Investment Highlights
Investment Highlights • Management, Board and Advisors have a strong track record of exploration and mining success • 100% owned QV Project in Yukon has an Inferred resource of 230,000 oz of gold1 • 4.39 million tonnes at 1.65 g/t (0.5 g/t cut-off) • Only 17 core holes (3,422m) drilled to date - Ope
Slide 4: Management, Directors and Advisors
Management, Directors and Advisors David A. Terry, Ph.D., P.Geo. – President, CEO, Director Rasool Mohammad, B.Sc. (Mining) – Chairman, Director • Economic geologist with over 25 years experience • Over 20 years of experience in mining and exploration • Independent director of Golden Arrow Resources
Slide 5: Why Yukon?
Why Yukon? • Ranked 4th out of 122 global jurisdictions in Fraser1 Institute’s Best Practices Mineral Potential Index • Ranked 12th globally 1on the Investment Attractiveness Index • Eleven of fourteen First Nations claims are settled • Three gold districts have emerged in the Yukon: • The Dawson Ra
Slide 6: Yukon, White Gold District Projects: QV Project
Yukon, White Gold District Projects: QV Project TSX.V: CSL 6
Slide 7: World Class Gold District
World Class Gold District Brewery Cr. Eagle - Victoria Golden Predator Keno Hill Alexco VG Deposit - QV Golden Saddle - Kinross Coffee – Goldcorp Casino - Western Copper TSX.V: CSL 7
Slide 8: Extension of Golden Saddle Geology Northwards
Extension of Golden Saddle Geology Northwards • Initial airborne magnetic surveys defined favorable rock units and identified prospective structures on QV property • Magnetic high (purple) correlates with felsic gneiss host rock • VG zone and Kinross’s Golden Saddle zone both occur on western flank
Slide 9: VG Zone Geology and Follow up Drill Targets
VG Zone Geology and Follow up Drill Targets TSX.V: CSL 9
Slide 10: VG Zone Cross-Section - Looking Northeast
VG Zone Cross-Section - Looking Northeast TSX.V: CSL 10
Slide 11: QV Project - Inferred Gold Resources - 2014
1 QV Project - Inferred Gold Resources - 2014 Cut-off Grade Gold Grade Contained Gold Tonnes Gold (g/t) (g/t) (Ounces) 0.3 4,480,000 1.62 230,000 0.4 4,420,000 1.64 230,000 0.5 4,390,000 1.65 230,000 0.6 4,340,000 1.66 230,000 0.8 3,970,000 1.75 220,000 1.0 3,520,000 1.86 210,000 1.2 2,990,000 1.99
Slide 12: QV Project VG Zone – Looking Northeast
QV Project VG Zone – Looking Northeast Showing existing drill-holes, pit (blue) and deposit (red) Pit shell which limits mineral resource Not part of the mineral resource TSX.V: CSL 12
Slide 13: QV Project VG Zone – Looking North
QV Project VG Zone – Looking North Showing existing drill holes, pit (blue) and deposit (red) TSX.V: CSL 13
Slide 14: Projected VG Zone East-West Long Section - Drill Targets
Projected VG Zone East-West Long Section - Drill Targets Western Extension Eastern Extension Target Target Adit Fault / VG South Target TSX.V: CSL 14
Slide 15: Samples of Mineralized Core from 2012 Drilling
Samples of Mineralized Core from 2012 Drilling Fine-grained felsic gneiss. Green color due to hydrothermal Felsic gneiss with rusty fractures after quartz and pyrite. sericite. Oxide mineralization in hole QV12-004. Felsic gneiss in early stage of kink-folding, fracturing and Spectacular jigsaw brec
Slide 16: VG Zone Comparisons with Golden Saddle
VG Zone Comparisons with Golden Saddle • Focused along a E-NE striking NW dipping (50-60˚) fault zone • Strongest mineralization hosted in felsic gneiss/intrusive with enrichment at intersection of E-W and NW structures • Mineralization consists dominantly of disseminated – vein/fracture controlled
Slide 17: Priority Exploration Targets
Priority Exploration SHADOW: Targets HIGH PRIORITY TARGETS • Large gold-in-soil anomaly • 85 m of 0.33 g/t Au in trench • 2,500m by 1,400m target area STEWART: • Large soil anomaly and anomalous mineralization in trenches • Ground geophysics completed • Drill ready targets identified VG Zone - Easte
Slide 18: RAB Drilling Results
2016 4.57m @ 1.03 g/t Au 64.01m @ 0.52 g/t Au Incl. 10.67m @ 1.65 g/t Au RAB 35.05m @ 0.46 g/t Au Drilling Results to date: RAB001-012 18.29m @ 1.14 g/t Au 16.76m @ 1.43 g/t Au released on 57.91m @ 1.89 g/t Au Oct 13, 2016 Incl. 12.19m @ 5.53 g/t Au 18.29m @ 1.81 g/t Au RAB013-023 6.10m @ 0.21 g/t A
Slide 19: Resistivity and RAB Drilling
Looking West Resistivity and RAB Drilling Northeast VG Zone - Resistivity Looking West Western VG Zone Resistivity TSX.V: CSL 19
Slide 20: New Acquisition - Preview SW Gold Project, Saskatchewan
New Acquisition - Preview SW Gold Project, Saskatchewan • Comstock announced on September 14, 2016 it has completed acquisition of the Preview SW gold deposit (SK) and the early stage Old Cabin gold property (ON) • Preview SW gold project is located 40 km north of La Ronge, SK and 80 km southwest of
Slide 21: Preview SW
Preview SW • The main Preview SW deposit is comprised of several sub-parallel northeast-trending gold- bearing quartz-sulphide mineralized structural zones ~500 m in strike length and ~150 m in width. • Preliminary metallurgical test work indicates total gold recovery in concentrates ranged from 90%
Slide 22: Preview SW
Preview SW • 6 additional known gold zones on the 853 ha property with only limited drilling • At Preview North zone, located 2.6 km northeast of the Preview SW deposit, drill hole PR13-163 intersected1: • 17.98 g/t Au over 5.71 m starting at 10 m below surface • 5.96 g/t Au over 5.66 m starting at
Slide 23: For more information contact
For more information contact: info@comstock-metals.com (T) 604-639-4533 310-850 West Hastings Street Vancouver, BC Canada V6C 1E1 701 - 675 West Hastings Street Vancouver, British Columbia Canada V6B 1N2 Drone Image QV Project- VG Zone TSX.V: CSL 23
Slide 24: APPENDIX
Ry comstock METALS LTD APPENDIX TSX.V: CSL
Slide 25: QV Project, White Gold District - 2012 Drilling
QV Project, White Gold District - 2012 Drilling QV 2012 Drilling - Gold Assays Hole Number From–to (m) Core Length (m) Au (g/t) QV12-001 20.0 – 102.0 82.00 1.02 Including 26.0 – 31.9 5.90 6.07 and 55.0 – 58.1 3.10 2.33 QV12-002 18.0 – 74.4 56.40 1.28 including 21.0 – 36.2 15.20 2.75 including 27.0 –
Slide 26: QV Project, White Gold District - 2013 Drilling
QV Project, White Gold District - 2013 Drilling QV 2013 Drilling - Gold Assays Hole Number Depth below surface(m) Intercept Length* (m) Au (g/t) QV13-009 125 47.70 1.05 QV13-010 129 30.50 0.50 QV13-011 186 42.60 1.41 including 210 12.54 3.40 QV13-012 8.6 36.40 2.06 Including 21.96 11.30 3.24 QV13-01
Slide 27: VG Zone – Alteration & Mineralization
VG Zone – Alteration & Mineralization • Multiple-hydrothermal events • Geochemical signature of Au associated with: Ag – Mo – Bi – Hg – Sb – W – Te • Alteration consists of: Pre-Mineralization - Quartz-K-Feldspar-Hematite (+/- albite-magnetite) - Vein/fracture controlled; locally pervasive over +/-1
Slide 28: VG Zone – Alteration & Mineralization
VG Zone – Alteration & Mineralization • Mineralization consists of disseminated – fracture controlled pyrite & rare visible gold • Strongest mineralization associated with lode- stockworked QV’s, breccia, and zones of pervasive silicification • < 10% sulfides, dominated by pyrite w/ minor molybdenit
Slide 29: VG Zone – Alteration & Mineralization
VG Zone – Alteration & Mineralization Sericite overprinting early Kspar alteration Late chalcedonic veins within fault gouge zone Multi-generational quartz veining and strong QSP alteration TSX.V: CSL 29
Comstock Metals — Investor Presentation (November 2016) on 6ix