Comstock Mining Inc. (Comstock) is a gold and silver mining company with contiguous property in the Comstock and Silver City mining districts (collectively, the Comstock District). The Company owns or controls approximately 6,315 acres in the Comstock District comprising 1,455 acres of patented mining claims and surface parcels, and 4,860 acres of unpatented claims. As of December 31, 2011, the Company had drilled 646 reverse circulation (RC) and core holes, representing over 242,000 feet of drill data in the Lucerne Resource Area. As of December 31, 2011, the Company also had 432 RC and core holes from the Lucerne Resource Area. Its Lucerne Resource Area is located in Storey County, Nevada, approximately three miles south of Virginia City, Nevada. The Dayton Resource Area its commercial mining activities, is located in Lyon County Nevada, approximately six miles south of Virginia City. The Company operates in two segments: mining and hospitality.