Virginia City, NV (November 13, 2013) — Comstock Mining Inc. (the “Company”) (NYSE MKT: LODE) announced today that the modified Water Pollution Control Permit became effective on November 12, 2013. This approved expansion of the Company’s leach pad facilities, from five to eight cells, is underway and is scheduled to be complete in the next few weeks.
“This expansion is a major phase of growth for our Company, enabling a year on year doubling of production while reducing unit costs and increasing cash flow. We are pleased with the quality, speed and capacity of this expansion. We worked diligently with our teams, contractors and NDEP, for a highly professional, expedient expansion,” stated Corrado De Gasperis, the Company’s President and Chief Executive Officer. “We anticipate adding material to the new cells in early December and invite you to view the photo display of the expansion on the Company website at http://www.comstockmining.com/heap-leach-expansion-2013.”
About Comstock Mining Inc.
Comstock Mining Inc. is a producing, Nevada-based, gold and silver mining company with extensive, contiguous property in the Comstock District. 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 permits, built an infrastructure and commenced production in 2012. The Company continues acquiring additional properties in the district, expanding its footprint and creating opportunities for further exploration and mining. The near term goal of our business plan is to deliver stockholder value by validating qualified resources (measured and indicated) and reserves (proven and probable) of at least 3,250,000 gold equivalent ounces from our first two resource areas, Lucerne and Dayton, achieve initial commercial mining and processing operations in the Lucerne Mine with annual production rates of approximately 20,000 gold equivalent ounces and significantly grow production through the commercial development and expansions of both the Lucerne and Dayton Mine plans.
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.