VIRGINIA CITY, Nev., Oct. 01, 2018 (GLOBE NEWSWIRE) — Comstock Mining Inc. (the “Company” or “Comstock”) (NYSE American: LODE) appear today that it accustomed the United States Bureau of Acreage Management’s (BLM) 2018 Affirmation and Acceptable Mineral Development Award, in accepting of the circuitous reclamation, abysmal shaft sealing and apology of the Celebrated Argent Hill Abundance shaft, that was completed in affiliation with the alteration and rebuilding of a above allocation of Nevada’s Accompaniment Avenue (SR) 342. This activity included capping of a hazardous, celebrated abundance shaft, the alteration of a above accompaniment avenue abroad from that abundance shaft, safe abatement of chancy abstracts from bequest mining and the affirmation and beautification of celebrated abundance appearance and celebrated mining landscapes in the Celebrated Comstock Lode Mining District.
Corrado De Gasperis, Executive Chairman and CEO of the Company, stated, “Our Comstock aggregation auspiciously led an unprecedented, multi-agency affiliation and action that resulted in an accelerated, efficient, safe and adorning alteration of Accompaniment Avenue 342 that enabled a massive ecology remediation, mining and added tourism, all in one project. This was a absolutely arresting accomplishment.”
The BLM’s Affirmation and Acceptable Mineral Development Awards Affairs showcases the best of the added than 2 actor acreage of mined acreage that has been reclaimed by the U.S. mining industry. It additionally demonstrates how accommodating attention can be put to use to accommodate Americans with activity and minerals that are basic to our bread-and-er and civic aegis while abating the acreage for use by approaching generations.
Mr. De Gasperis added, “We acknowledge the BLM and the Civic Mining Association for actuality abundant ally and for acquainted Comstock Mining and our absolute continued aggregation with this accolade for arete in affirmation and sustainability. This is our third ecology arete accepting in the accomplished four years, so for us, this accomplishment represents the consistent, reliable charge of our ‘Comstock Responsible’ aggregation and culture.”
This BLM accolade was presented in Washington, DC aftermost anniversary during a ogna hosted by the Civic Mining Association. In 2015 and 2017, the Aggregation accustomed accepting from the Nevada Arete in Abundance Affirmation Awards program. In 2015, the accepting accolade was for Site Apology and Outstanding Rehabilitation and in 2017 the accolade accustomed the Aggregation for Abandoned Abundance Lands Hazard Mitigation.
The Aggregation has been operating in the Comstock Commune back 2003. Through public-private partnerships, the Aggregation accommodating and collaborated with communities in both Storey and Lyon Counties, the Nevada Division of Ecology Protection, the Bureau of Corrective Actions; the Nevada Department of Transportation (NDOT); the Accompaniment Celebrated Preservation Office; McGinley & Associates; Debra Lemke; RCI; and the U.S. Army Corps of Engineers. Accommodating partnerships accompanying with relationships congenital over time on assurance are acutely important back a ample activity charge be undertaken, acceptable and completed in a adapted appearance to account the public.
Following a weekend of abundant precipitation, cracks in SR 342 were detected and NDOT briefly bankrupt it on February 8, 2015. In aboriginal March, 2015 NDOT appear that this area of SR 342 would abide bankrupt until a acting by-pass could be congenital by Comstock Mining that would be opened to the accessible in June of 2015 and that the mining aggregation had stepped advanced to armamentarium and body the absolute activity with blank provided by NDOT and Storey County. SR 342 was re-opened to the accessible advanced of agenda in aboriginal December of 2015, with final accepting by NDOT and Storey County in May of 2017.
Working cooperatively with accompaniment and federal agencies, Comstock Mining’s activity to ample and cap the bequest Argent Hill Abundance shaft was additionally an befalling to remediate bequest abundance depression that independent alien basal mercury. In fact, Comstock Mining recovered 1,000 pounds of this alien basal mercury from pre-1904 abundance tailings and captured it for able disposal. Funded by Comstock Mining, this $3 actor affirmation activity included the rebuilding and alteration of SR 342 and it bargain costs to the accompaniment and bounded municipalities, and thus, taxpayers. It additionally provided a safer and added able access for mining operations. It appearance a breathtaking rock-lined canal and enhances the affection of activity for association throughout the arctic Nevada arena by accouterment a safe avenue to and from Virginia City and offers tourists an accessible avenue to appointment our celebrated arena and its abounding businesses.
About Comstock Mining Inc.Comstock Mining Inc. is a Nevada-based, gold and argent mining aggregation with extensive, aing acreage in the Comstock Commune and is an arising baton in sustainable, amenable mining. The Aggregation began accepting backdrop in the Comstock Commune in 2003. Back then, the Aggregation has circumscribed a cogent allocation of the Comstock District, accumulated the distinct better accustomed athenaeum of absolute and accustomed geological abstracts on the Comstock region, anchored permits, congenital an basement and completed its aboriginal appearance of production. The Aggregation continues evaluating and accepting backdrop central and alfresco the commune accretion its brand and exploring all of our absolute and -to-be opportunities for added exploration, development and mining. The near-term ambition of our business plan is to aerate built-in stockholder amount realized, per share, by continuing to access mineralized and potentially mineralized properties, exploring, developing and acceptance able assets and affluence (proven and probable) that accredit the bartering development of our operations through extended, abiding abundance affairs and developments that are economically achievable and socially responsible.
Forward-Looking StatementsThis columnist absolution and any accompanying calls or discussions may accommodate advanced statements aural the acceptation of Area 27A of the Balance Act of 1933, as amended, and Area 21E of the Balance Barter Act of 1934, as amended. All statements, added than statements of absolute facts, are advanced statements. The words “believe,” “expect,” “anticipate,” “estimate,” “project,” “plan,” “should,” “intend,” “may,” “will,” “would,” “potential” and agnate expressions analyze advanced statements, but are not the absolute agency of accomplishing so. Advanced statements accommodate statements about affairs such as: approaching industry bazaar conditions; approaching explorations or acquisitions; approaching changes in our analysis activities; approaching prices and sales of, and appeal for, our products; acreage entitlements and uses; assembly accommodation and operations; operating and aerial costs; approaching basic expenditures and their appulse on us; operational and administration changes (including changes in the lath of directors); changes in business strategies, planning and tactics; approaching application and contributions of personnel, including consultants; approaching acreage sales investments, acquisitions, collective ventures, cardinal alliances, business combinations, operational, tax, banking and restructuring initiatives; including the attributes and timing and accounting for restructuring charges, acquired liabilities and the appulse thereof; contingencies; ecology acquiescence and changes in the authoritative environment; offerings, limitations on sales or alms of disinterestedness or debt securities; including asset sales and the accretion of the agreement and associated costs; approaching alive capital, costs, revenues, business opportunities, debt levels, banknote flows, margins, antithesis and growth.
These statements are based on assumptions and assessments fabricated by our administration in ablaze of their acquaintance and their acumen of absolute and accustomed trends, accustomed conditions, accessible approaching developments and added factors they accept to be appropriate. Advanced statements are not guarantees, representations or warranties and are accountable to risks and uncertainties, abounding of which are adventitious and above our ascendancy and could account absolute results, developments and business decisions to alter materially from those advised by such advanced statements. Some of those risks and uncertainties accommodate the accident factors set alternating in this address and our Annual Address on Form 10-K for the budgetary year concluded December 31, 2017, and the following: adverse furnishings of altitude changes or accustomed disasters; all-around bread-and-er and basic bazaar uncertainties; the abstract attributes of gold or mineral exploration, including risks of abbreviating quantities or grades of able resources; operational or abstruse difficulties in affiliation with analysis or mining activities; contests over our appellation to properties; abeyant concoction to our stockholders from our banal issuances, recapitalization and antithesis area restructuring activities; abeyant disability to accede with applicative government regulations or law; acceptance of or changes in legislation or regulations abnormally affecting our businesses; allowing constraints or delays; business opportunities that may be presented to, or pursued by, us; acquisitions, collective ventures, cardinal alliances, business combinations, asset sales, and investments that we may be affair to in the future; changes in the United States or added budgetary or budgetary behavior or regulations; interruptions in our assembly capabilities due to basic constraints; accessories failures; aberration of prices for gold or assertive added t (such as silver, zinc, cyanide, water, agent ammunition and electricity); changes in about accustomed accounting principles; adverse furnishings of agitation and geopolitical events; abeyant disability to apparatus our business strategies; abeyant disability to abound revenues; abeyant disability to allure and absorb key personnel; interruptions in commitment of analytical supplies, accessories and raw abstracts due to acclaim or added limitations imposed by vendors; affirmation of claims, lawsuits and affairs adjoin us; abeyant disability to amuse debt and charter obligations; abeyant disability to advance an able arrangement of centralized controls over banking reporting; abeyant disability or abortion to adapted book alternate letters with the SEC; abeyant disability to account our balance on any balance barter or market; disability to advance the advertisement of our securities; and assignment stoppages or added activity difficulties. Occurrence of such contest or affairs could accept a actual adverse aftereffect on our business, banking condition, after-effects of operations or banknote flows or the bazaar amount of our securities. All consecutive accounting and articulate advanced statements by or attributable to us or bodies acting on our account are especially able in their absoluteness by these factors. Except as may be appropriate by balance or added law, we undertake no obligation to about amend or alter any advanced statements, whether as a aftereffect of new information, approaching events, or otherwise.
Neither this columnist absolution nor any accompanying calls or discussions constitutes an action to advertise or the address of an action to buy the Agreement or any added balance of the Company.
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