The 2011 exploration program on Comstock’s QV Claims included 769 line-kilometre at 100 m spacing airborne magnetic and radiometric survey, reconnaissance ridge and spur soil surveys, and 100 m by 50 m grid soil surveys. Both airborne surveys and soil surveys have consistently identified two gold trends:

• North-easterly trend measuring 2600 m long and open (QV grid)
• North-westerly trend measuring 1530 m long and open (Stewart grid)

The QV and Stewart grids, in the southern part of the claim block, will be followed by trenching and a drill program in the summer of 2012. Gold values on the QV and Stewart grids run as high as 1030 ppb (1.03 g/t Au).

The reconnaissance survey in the northern part of the claim block has identified areas with gold anomalies to be followed by a detailed grid soil sampling in the summer of 2012. Gold values in the northern claim blocks run as high as 152 ppb, with co-incident pathfinder elements of As, Sb, Ba, and Hg.

Airborne Magnetics:

Precision Geophysics of Vancouver, BC, flew an airborne geophysics survey over the property in August 2011. The Company has received final results for the magnetic and radiometric surveys. Kaminak’s Coffee style intense magnetic lows, interpreted as structures trending in both north-westerly and north-easterly directions, have been identified from the geophysics survey. Both magnetic lows and magnetic highs align with the gold-in-soil geochemical trend. The Company is very encouraged by the results of the airborne geophysics survey. Please refer to the Company’s website http://www.comstock-metals.com/projects/white_gold_north/ for maps showing geophysical results.

Airborne Geophysical Program:

Precision Geophysics of Vancouver, BC, flew an airborne geophysics survey consisting of 769 line-kilometres at 100 m line spacing over the property in August 2011. This survey collected both magnetic and radiometric data that will help the Company interpret the regional geology and structure of the area. Intense magnetic lows, interpreted as structures trending in both north-westerly and north-easterly directions, have been identified from this geophysics survey. This response is similar to that encountered at Kaminak’s Coffee property. Both magnetic lows and magnetic highs align with the gold-in-soil geochemical trend.

Soil Geochem:

The Company has received results for the final batch of soil assays with values ranging up to 1,030 ppb gold (1.03 g/t Au). The grid soil geochem surveys have identified two obvious gold trends supported by very strong pathfinder elements, found in association with gold systems in general and in the White Gold District in particular. These pathfinder elements include As, Sb, Ba, and Hg. Two trends have been identified through the detailed grid (100 m by 50 m) soil sampling.

Smash Minerals Corp. is undertaking a vigorous exploration program on its Whiskey Gold Property, located in the White Gold District of west-central Yukon Territory, Canada. The property occupies 4,177 claims covering an area of 846 square kilometres including the placer gold-rich Black Hills and Barker creeks, and is east of and contiguous with claims formally held by Underworld Resources Corp. and now Kinross Gold Corp.

Aeromagnetic / Radiometric Survey

A property-wide 10,616 line-kilometre magnetic and radiometric helicopter geophysical survey at 100 metre line spacing was completed at the end of July. Final magnetic products have been received from the contractor Precision Geosurveys. Preliminary radiometric products have been supplied, and final processing will be completed within the next month. Geological interpretation of this data by the project team has identified a number of regional-scale east-west and north-northwest trending structures. Several intersections of these structures coincide with multi-element geochemical anomalies defined by ridge and grid soil sampling and rock grab sampling. The geophysical data have also been used to refine lithologic contact locations and outline zones of hydrothermal alteration.

Cloudbreak Resources Ltd. announces the commencement of a high resolution airborne geophysical survey on its gold properties (12,457 acres) in Yukon’s White Gold district. Cloudbreak’s claims adjoin Kinross’s White Gold property only 5.3 km east of its Golden Saddle deposit. These claims are underlain by the same geologic unit that hosts the Golden Saddle deposit as well as multiple new high grade gold discoveries on Kaminak’s Coffee Creek property 30 km to the south.

After compiling and analyzing the results of field work reported in its February 25, 2010 news release, and completing a NI 43-101 technical report on August 11, 2010 Cloudbreak has commissioned Precision Geosurveys Inc. to conduct a state-of-the-art, high resolution helicopter-borne geophysical survey in order to confirm structures that are associated directly or indirectly with the linear gold-soil anomalies. The survey is being flown with a 50 m line spacing and a sensor elevation of only 35 metres above ground, and is expected to result in very high quality data that will confirm and identify key structures that may be associated with the known gold on the property, as well as developing additional targets for follow-up in Cloudbreak’s planned 2011 surface exploration program.

Airborne geophysical company Precision Geosurveys Inc. based in Vancouver, currently is surveying in Yukon. Taku Gold Corp. has engaged of Precision Geosurveys Inc. to complete high resolution, multi-sensor, airborne geophysical surveys over all seven of Taku’s properties in the White Gold district of Yukon. Precision has significant airborne geophysical survey experience, having acquired data on over 70 surveys since 2007.

The geophysical data will be collected at 100 meter line spacings at a nominal survey height of 30m with state -of- the-art instrumentation attached to the helicopter. It is anticipated that approximately 5500 line kilometers of data will be collected. The data will be processed with industry-standard Geosoft software. The high resolution magnetic data will assist in interpreting bedrock units, structure, and alteration. The radiometric system consisting of a multichannel spectrometer with large gamma ray sensing crystals will be used to map lithologies and alteration. It is expected that the surveys will be complete by October 7, 2010.

“The airborne geophysical surveys are part of our systematic, integrated exploration work program in the Dawson area designed to generate top-quality drill targets,” stated Zak Dingsdale, President and CEO.