Comstock Mining Receives Major Federal (NEPA) Haul Road Permit
Approved Right-Of-Way Opens Stronger Access to Central Processing Facilities
VIRGINIA CITY, NV--(Marketwired - August 01, 2016) - Comstock Mining Inc. (the "Company") (NYSE MKT: LODE), announced today that the Bureau of Land Management (BLM), Sierra Front Field Office approved a major Right-of-Way for the Company, permitting a dedicated and expanded haul road from the Lucerne mine to the Company's centralized processing facilities. The Lucerne Haul Road permit provides exclusivity for hauling, enhancing expansion, efficiencies and safety.
Corrado De Gasperis, President & CEO, commented, "This major decision, coupled with the recently received Patent for "Lot 51" concludes two major federal permitting processes and deeply strengthens and solidifies our mining foundation in the Comstock District."
The approval required compliance with the National Historic Preservation Act and the National Environmental Policy Act (NEPA), including the successful approval of an Environmental Assessment.
Mr. De Gasperis concluded, "We are expert in handling the regulatory complexities associated with Nevada mining and permitting at all levels of government and we will continue to leverage this strong competency for our future growth and expansion."
About Comstock Mining Inc.
Comstock Mining Inc. is a Nevada-based, gold and silver mining company with extensive, contiguous property in the Comstock District and is an emerging leader in sustainable, responsible mining. 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 an extended and complex array of permits, built an infrastructure and commenced production in 2012. The Company continues evaluating and developing junior mining opportunities for expanding its footprint for further exploration, development and mining. The near term goal of our business plan is to maximize intrinsic stockholder value realized, per share, by continuing to acquire mineralized and potentially mineralized properties, exploring, developing and validating qualified resources and reserves (proven and probable) that enable the commercial development of existing and future operations through extended, long-lived mine plans that are economically feasible and socially responsible.
Forward-Looking Statements
This press release and any related calls or discussions may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 about Comstock. Forward-looking statements are statements that are not historical facts. All statements, other than statements of historical facts, are forward-looking statements. Forward-looking statements include statements about matters such as the future quality of life on the Comstock and Comstock's future production, operations and infrastructure.
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. 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 that 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 discussed in Item 1A, "Risk Factors" of our annual report on Form 10-K. 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. We undertake no obligation to publicly update or revise any forward-looking statement.
Neither this press release nor any related calls or discussions constitutes an offer to sell or the solicitation of an offer to buy any securities.
Contact
Contact information for Comstock Mining Inc.:
PO Box 1118
Virginia City, NV 89440
http://www.comstockmining.com
Corrado De Gasperis
President & CEO
Tel (775) 847-4755
degasperis@comstockmining.com
Investor Relations
Comstock Mining Inc.
Tel (775) 847-5272 ext. 151
questions@comstockmining.com