(TheNewswire)
Vancouver, BC / TheNewswire / December 4th,
2018 - Comstock Metals Ltd. (TSX-V: CSL) (“Comstock” or the "Company") 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 Preview North will test the interpreted down plunge extension to
shear hosted vein zones occurring within the same major northeast-oriented structural trend that hosts gold mineralization at the
Preview SW deposit approximately 2.6 km to the southwest. Structural geologic data collected during the 2017 winter and summer
drilling programs indicates a steep northeast plunge to the mineralization at Preview North, suggesting potential for encountering
additional gold mineralization at depth, and along strike within steeply plunging mineralized shoots. The 2018 winter program will
focus on testing the down-dip and down-plunge continuity of previously identified gold mineralization at Preview North, which
included 16.7 metres averaging 5.08 g/t gold within drill hole PR17-176 starting at 23.3 metres down hole (see the Company’s September 28, 2017 and November 9, 2017 News Releases).
Qualified Persons
Kristopher Raffle P.Geo., Principal of APEX Geoscience Ltd. and a Qualified Person as defined by
National Instrument 43-101, has reviewed and approved the scientific and technical disclosure in this news release as it relates to
the Preview SW Gold Project.
About Comstock Metals Ltd.
Comstock Metals Ltd. is an exploration company with several resource projects located in North
America. Presently evaluating opportunities in the battery metal space Comstock recently secured the Rawhide Cobalt-Silver Project
in Ontario adding to its two advanced gold projects: Preview SW Project in Saskatchewan and the QV Project located in the White
Gold district of the Yukon.
Comstock also has a joint venture with, and equity investment in, E3 Metals Ltd. (TSX.V: ETMC) a
Petro-Lithium company located in Alberta Canada. For more information about E3 Metals, please visit their website:
www.e3metalscorp.com
For more information about Comstock Metals Ltd., please visit www.comstock-metals.com or
contact:
Steven H. Goldman
President, CEO and Director
COMSTOCK METALS LTD.
Phone: (416) 867-9100
Email: s.goldman@goldmanhine.com
Forward Looking Statements
This news release includes forward-looking information and statements, which may include, but are
not limited to, information and statements regarding or inferring the future business, operations, financial performance,
prospects, and other plans, intentions, expectations, estimates, and beliefs of the Company. Such statements include statements
regarding the proposed drill program on the Preview SW Gold Project. Forward-looking information and statements involve and
are subject to assumptions and known and unknown risks, uncertainties, and other factors which may cause actual events, results,
performance, or achievements of the Company to be materially different from future events, results, performance, and achievements
expressed or implied by forward-looking information and statements herein. Although the Company believes that any forward-looking
information and statements herein are reasonable, in light of the use of assumptions and the significant risks and uncertainties
inherent in such information and statements, there can be no assurance that any such forward-looking
information and statements will prove to be accurate, and accordingly readers are advised to rely on their own evaluation of such
risks and uncertainties and should not place undue reliance upon such forward-looking information and statements. Any
forward-looking information and statements herein are made as of the date hereof, and except as required by applicable laws, the
Company assumes no obligation and disclaims any intention to update or revise any forward-looking information and statements herein
or to update the reasons that actual events or results could or do differ from those projected in any forward looking information
and statements herein, whether as a result of new information, future events or results, or otherwise, except as required by
applicable laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this Release.
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