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July 22, 2014
08:13 EDTLODEComstock Mining anticipates doubling rate of ounces produced in 2014
Targets production rate of 40,000 gold equivalent ounces in the latter half of 2014. These increases come with lower costs applicable to mining due to focused cost reduction efforts, as well as lower non-mining operating expenses. Once stabilized at the 40,000 ounce per annum run rate, the operating expenses per ounce mined will be significantly lower. The Company expects cash costs per ounce of gold mined of less than $750 per ounce. The Company updated its financial analysis for the Lucerne Mine and anticipates annual operating expenses, including all mining and processing costs, of less than $25 million per annum, a more than a $6 million reduction over prior year 2013. The Company has also identified $3.5 million of cost reductions in all other non-mining activities, including general, administrative and environmental areas.
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December 18, 2014
08:14 EDTLODEComstock Mining launches 2014-2015 exploration & development program
Comstock Mining has launched its 2014-2015 exploration and development drilling program. Drilling on the East-side of Lucerne commenced this week. The Program has four major objectives, 1) expanding the Lucerne East-side gold and silver resources, mine plan and current surface mining into the company's newly permitted area, 2) accelerating underground feasibility and developing high-grade, underground mine plans for that same newly permitted area, 3) expanding the Dayton gold and silver resources and developing a mine plan for potential future production, and 4) establishing a third major resource in the Spring Valley target area. The first phase is expected to include 35 Reverse Circulation drill holes totaling approximately 5,000 feet on the Lucerne East-side. The planned initial investment of approximately $1M will allow for the expansion of surface mining and help assess the feasibility of specific underground mining opportunities. Subsequent phases of exploration drilling for the Lucerne will extend farther south and east for an additional investment of $1M. The Dayton Resource Area and Spring Valley areas are scheduled for approximately 80,000 feet of RC drilling and approximately 20,000 feet of core drilling at a total investment of approximately $2.9M and $2.0M, respectively.

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