Comstock Mining closing in on revenue stream from gold, silver
September 12, 2012
Comstock Mining Inc. announced Wednesday that it has amassed recoverable gold and silver on leach pads and expects revenue from it soon.
“We have already amassed over 1,750 ounces of recoverable gold and over 15,000 ounces of recoverable silver on the leach pads and look forward to announcing our first pout and revenue in the coming weeks,” said Corrado De Gasperis, president and CEO of Comstock.
The Virginia City-based company, while announcing commencement of the leaching process for gold and silver recovery, said its newly constructed crusher is fully operational.
To date, according to the announcement, the firm has crushed, agglomerated and stacked more than 70,000 tons of mineralized material on the heap pad.
The company’s process facility includes the Merrill-Crowe Plant, a T-200 melting furnace and a mercury retort and abatement system. Five principal contractors were used on this project, including Carson City firms.
They are Scotia International of Nevada, A.M. Smith Electric, Inc., based in Carson City, Nevada Briggs Electric, Inc., also Carson City, Cruz Construction Company, Inc. and Coons Construction LLC, both of Mound House.