Biggest Discovery in the Yukon Since UW's Golden Saddle

Biggest Discovery in the Yukon since Underworld Resources 1.4M oz Golden Saddle

Comstock Minerals CSL.V

Shares Out: 63.9M
Recent PP: 10.7M units
Warrants: 15.4M
Options: 2.43M
Fully Diluted: 92.43M

Before I say anything… I just want to go on the record that CSL is on to something EPIC.

AND what looks like to be the gold discovery of the year in the Yukon.  

I haven’t been this excited about the Yukon since Underworld Resources 1.5M oz Golden Saddle Deposit which was bought out by Kinross for $140M dollars in spring of 2010.  Ever since, the Yukon has given gold discovery after gold discovery to gold explorers and their investors who staked a claim in their companies.   So far there have been three major discoveries in the Yukon with ATAC’s Carlin Trend Style Discovery, Kaminak’s Coffee Project and the original Golden Saddle Discovery which lead to a massive staking rush in the Yukon.



CSL is looking to be sitting on the 4^th… although CSL’s QV project is thought to be the northern extension of Kinross’ Golden Saddle so it’s kinda like Golden Saddle, Part Deux.  If this discovery is anything like Golden Saddle, expect a quick buyout by Kinross as the synergies of two high grade pits would to make gold mining in the Yukon quite lucrative.

MASSIVE TRENCH HIT!!!  3.31 g/t Au over 95 meters!!!

CSL’s work program this summer has yielded a discovery that may be similar to Kinross’ Golden Saddle.  It is within a projected trend to the north of golden saddle and it covers a large area similar in size to Golden Saddle giving a very large exploration target, and potentially multimillion ounce gold deposit with grade.  Comstock Metals has already defined gold mineralization over a strike length of approximately 400 meters at surface.   With grades typically ranging between 1 g/t and 4 g/t Au over trenches widths between 45 and 95 meters wide… you know this is going to be quite a significant discovery even before this virgin property has been drilled.   If it is anything like Golden Saddle, we will get our 100 meter to 150 meters of continuous mineralization to depth.

In fact what looks like a 1.5km to 2km potential strike length of the deposit which could be in excess of 2 to 3 million ounces if continuous, the company has already shown the potential to define at least a half a million ounces within this small area trenched to a 100 meter depth.  That is of course dependent that the zone widths and grade remain consistent to depth.

Trench results…

• 3.31 g/t Au over 95 meters
• 2.18 g/t Au over 85 meters
• 3.77 g/t Au over 45 meters
• 1.63 g/t Au over 95 meters
• 1.07 g/t Au over 55 meters
• 0.81 g/t Au over 65 meters
• 0.31 g/t Au over 55 meters

This stock is set to EXPLODE; has just started its run to $1

CSL announced that they would be drilling the discovery this fall and it has lit a fire under the stock going from a $0.25 low last week to a $0.44 high today and as the word gets out... EXPECT THE SPECULATION ABOUT QV TO INCREASE.  The drill program won't be very large as winter will shut them down sometime in October, but we should get some juicy results over the winter to FEED THE SPECULATION FIRE next summer.



This is undeniably the one stock you do not want to miss out on. This is your lottery ticket to the help attain some of those dreams.  Not to often do you get stocks liek this just waiting to bust up.  Seriously... I am not joking. Exploration always has its risks... but this is a sure a thing as it gets.  Last company that had trenches on a high grade vein was NTR-v which went to $1 on speculation.  CSL results are much more indicative of what is underneath than anything Norhtern Tiger had.  At $0.40 I still think this company is cheap considering you can expect a simialr buyout to Golden Saddle, maybe even more.

There has not been a more successful initial trenching program in the Yukon.

Since yesterday is already over... the time to buy was is now.




Yukon  Gold Celebrities Shawn Ryan and Rob Mcloed Leading Exploration

What is even more important here is that you pretty much have the original Golden Saddle crew at it again on the QV Project.  I usually don’t trumpet mgmt because gold exploration is the one industry that has a huge element of luck involved to it.  Routinely the sector makes asses out of the best and all stars out of the worst that the industry has to offer.  In the case of CSL it is worth mentioning that re-known White Gold prospector Shawn Ryan is on the technical advisory team and designed the exploration program this summer and the subsequent drill program about to confirm this intriguing discovery that many believe is the extension of the Golden Saddle Deposit.

After the team made the discovery this summer, CSL advisory board grew even more attracting ex VP of exploration from Underworld Resources, Rob Mcloed.  Rob has responsible for the on the ground discovery and subsequent of Golden Saddle.  His expertise on Golden Saddle is invaluable, especially if these deposits are similar, having the experience and expertise of someone who not only worked first hand on the golden Saddle, but designed the entire program is second to none as an intangible asset.

What speaks even more to the quality of this discovery is that this summer’s trench results have attracted the best in the business when it comes to creating value and finding gold in the Yukon.   In fact, even the kingpin of the precious metals investing sector himself wanted a share and was willing to pay a premium at $0.25 just a few weeks after a $0.15 PP closed.

Who am I talking about? 

Well Eric Sprott of course.  CSL did the good thing for all shareholders and cancelled the PP on Sprott not wanting to give away this discovery to someone who already has everything.  Especially after the second set of results came in.  Sprott already has too much anyway… let another guy have some fun and let Sportt but the market.  We need guys like him to move the SP.  If everyone guys the PP then who is going to buy the market in the absence of retail?

 I can’t say too many bad things about Sprott since he pumped GLN-T to the moon and made my family much wealthier after mismanging Speedy Autoglass into the ground.  In a roundabout way… have him to thank for the place I live and the life I enjoy.

I have been harping to Premium subscribers about CSL for the last 3 weeks first at $0.17.  I don’t usually give out premium stocks… but when you are on to something this good.

You just can’t keep it a secret.