Tectonic Changes Name To Comstock Metals Ltd.
October 14, 2011, Vancouver, BC - Tectonic Minerals Corporation (the "Company") is pleased to announce that it will simplify its corporate structure by vertically amalgamating with its wholly-owned subsidiary, Comstock Metals Ltd.
Pursuant to the amalgamation, the Company will adopt the name of its former subsidiary. The Company intends to effect the amalgamation tonight, and effective at the open on October 14, 2011, will commence trading under its new name, "Comstock Metals Ltd." and new symbol "CSL".
About Comstock Metals Ltd.
Comstock has optioned 494 claims covering 10,374 hectares (25,634 acres) within the prolific White Gold District in the Yukon Territory about 70 kilometres south of Dawson City. The claims were optioned from Shawn Ryan, a Yukon based prospector responsible for the discovery of two of the prominent gold discoveries in the White Gold district, Kinross Gold's 1.5 million ounce Golden-Saddle deposit and Kaminak Gold's Coffee projects. The Company has completed two soil sampling programs on the Yukon property with encouraging results.
The Company is also earning a 75% interest by an option agreement from Golden Goliath Resources (GNG). Agnico Eagle has signed a Letter of Intent with Golden Goliath on its Las Bolas Project in the Uruachic Mining camp in Chihuahua, Mexico. Comstock's Corona Au-Ag project is located in the same camp and the Company is currently planning an exploration program to generate drill targets from earlier work. Previous reverse circulation drilling also identified both bulk tonnage and high-grade vein type gold/silver targets, some of which the Company plans to diamond-drill for assay comparison.
To learn more please visit the Company's website at: www.comstock-metals.com
For further information, contact Rasool Mohammad or Larry Johnson at 604-639-4533.
COMSTOCK METALS LTD.
Rasool Mohammad, B.Sc. (Mining)
President & CEO
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