<SEC-DOCUMENT>0000919574-12-000536.txt : 20120210
<SEC-HEADER>0000919574-12-000536.hdr.sgml : 20120210
<ACCEPTANCE-DATETIME>20120210095232
ACCESSION NUMBER:		0000919574-12-000536
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20120208
FILED AS OF DATE:		20120210
DATE AS OF CHANGE:		20120210

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Palmedo Peter F.
		CENTRAL INDEX KEY:			0001508389

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35200
		FILM NUMBER:		12589920

	MAIL ADDRESS:	
		STREET 1:		620 SUN VALLEY ROAD
		STREET 2:		BOX 2759
		CITY:			SUN VALLEY
		STATE:			ID
		ZIP:			83353

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Comstock Mining Inc.
		CENTRAL INDEX KEY:			0001120970
		STANDARD INDUSTRIAL CLASSIFICATION:	GOLD & SILVER ORES [1040]
		IRS NUMBER:				650955118
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		1200 AMERICAN FLAT ROAD
		CITY:			GOLD HILL,
		STATE:			NV
		ZIP:			89440
		BUSINESS PHONE:		480-505-4040

	MAIL ADDRESS:	
		STREET 1:		P.O. BOX 1118
		CITY:			VIRGINIA CITY,
		STATE:			NV
		ZIP:			85255

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GOLDSPRING INC
		DATE OF NAME CHANGE:	20040730

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GOLDSPRING
		DATE OF NAME CHANGE:	20030821

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	STARTCALL COM INC
		DATE OF NAME CHANGE:	20010305

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			SUN VALLEY GOLD LLC
		CENTRAL INDEX KEY:			0001280493
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35200
		FILM NUMBER:		12589921

	BUSINESS ADDRESS:	
		STREET 1:		620 SUN VALLEY ROAD
		STREET 2:		P.O. BOX 2759
		CITY:			SUN VALLEY
		STATE:			ID
		ZIP:			83353
		BUSINESS PHONE:		208-726-2327

	MAIL ADDRESS:	
		STREET 1:		620 SUN VALLEY ROAD
		STREET 2:		P.O. BOX 2759
		CITY:			SUN VALLEY
		STATE:			ID
		ZIP:			83353

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			SUN VALLEY GOLD MASTER FUND, LTD
		CENTRAL INDEX KEY:			0001318295

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35200
		FILM NUMBER:		12589918

	BUSINESS ADDRESS:	
		STREET 1:		C/O GOLDMAN SACHS (CAYMAN) TRUST, LIMITE
		STREET 2:		45 MARKET STREET, GEORGE TOWN
		CITY:			GRAND CAYMAN
		STATE:			E9
		ZIP:			KY1-1103
		BUSINESS PHONE:		208-726-2327

	MAIL ADDRESS:	
		STREET 1:		C/O GOLDMAN SACHS (CAYMAN) TRUST, LIMITE
		STREET 2:		45 MARKET STREET, GEORGE TOWN
		CITY:			GRAND CAYMAN
		STATE:			E9
		ZIP:			KY1-1103

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Palmedo Holdings LLLP
		CENTRAL INDEX KEY:			0001508207
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35200
		FILM NUMBER:		12589919

	BUSINESS ADDRESS:	
		STREET 1:		620 SUN VALLEY ROAD
		STREET 2:		BOX 2759
		CITY:			SUN VALLEY
		STATE:			ID
		ZIP:			83353
		BUSINESS PHONE:		(208) 726-2327

	MAIL ADDRESS:	
		STREET 1:		620 SUN VALLEY ROAD
		STREET 2:		BOX 2759
		CITY:			SUN VALLEY
		STATE:			ID
		ZIP:			83353
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>p1264990.xml
<DESCRIPTION>00964-0003
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0304</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2012-02-08</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001120970</issuerCik>
        <issuerName>Comstock Mining Inc.</issuerName>
        <issuerTradingSymbol>LODE</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001280493</rptOwnerCik>
            <rptOwnerName>SUN VALLEY GOLD LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>620 SUN VALLEY ROAD</rptOwnerStreet1>
            <rptOwnerStreet2>P.O. BOX 2759</rptOwnerStreet2>
            <rptOwnerCity>SUN VALLEY</rptOwnerCity>
            <rptOwnerState>ID</rptOwnerState>
            <rptOwnerZipCode>83353</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001508389</rptOwnerCik>
            <rptOwnerName>Palmedo Peter F.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>620 SUN VALLEY ROAD</rptOwnerStreet1>
            <rptOwnerStreet2>P.O. BOX 2759</rptOwnerStreet2>
            <rptOwnerCity>SUN VALLEY</rptOwnerCity>
            <rptOwnerState>ID</rptOwnerState>
            <rptOwnerZipCode>83353</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001508207</rptOwnerCik>
            <rptOwnerName>Palmedo Holdings LLLP</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>620 SUN VALLEY ROAD</rptOwnerStreet1>
            <rptOwnerStreet2>P.O. BOX 2759</rptOwnerStreet2>
            <rptOwnerCity>SUN VALLEY</rptOwnerCity>
            <rptOwnerState>ID</rptOwnerState>
            <rptOwnerZipCode>83353</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001318295</rptOwnerCik>
            <rptOwnerName>SUN VALLEY GOLD MASTER FUND, LTD</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O GOLDMAN SACHS (CAYMAN) TRUST LTD</rptOwnerStreet1>
            <rptOwnerStreet2>45 MARKET STREET, GEORGE TOWN</rptOwnerStreet2>
            <rptOwnerCity>GRAND CAYMAN</rptOwnerCity>
            <rptOwnerState>E9</rptOwnerState>
            <rptOwnerZipCode>KY1-1103</rptOwnerZipCode>
            <rptOwnerStateDescription>CAYMAN ISLANDS</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2012-02-08</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionTimeliness></transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>395737</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>1.90</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>585790</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F1"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>689026</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnote.</value>
                    <footnoteId id="F2"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">These securities are directly held by Sun Valley Gold Master Fund, Ltd. Sun Valley Gold LLC, Peter F. Palmedo and Palmedo Holdings LLLP may be deemed to, indirectly, beneficially own the securities directly held by Sun Valley Gold Master Fund, Ltd. See Footnote 2.</footnote>
        <footnote id="F2">These securities are held in the accounts of several investment funds and managed accounts (collectively, the &quot;Investment Vehicles&quot;) for which Sun Valley Gold LLC services as investment manager. Peter F. Palmedo and Palmedo Holdings LLLP (&quot;Holdings&quot;) are managing members of Sun Valley Gold LLC (&quot;SVG&quot;). SVG, Mr. Palmedo and Holdings may be deemed to beneficially own the securities held by the Investment Vehicles, including those held by Sun Valley Gold Master Fund, Ltd., by virtue of SVG's position as investment manager of the Investment Vehicles and Mr. Palmedo's and Holdings's status as managing members of SVG.</footnote>
    </footnotes>

    <remarks>(+) Each of the Reporting Persons and the joint filers (individually, each a &quot;Reporting Person&quot; and collectively, the &quot;Reporting Persons&quot;) disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein. The Reporting Persons affirmatively disclaim being a &quot;group&quot; for purposes of Section 16 of the Securities Exchange Act of 1934, as amended.</remarks>

    <ownerSignature>
        <signatureName>Sun Valley Gold LLC (+), By: /s/ Peter F. Palmedo, Managing Member</signatureName>
        <signatureDate>2012-02-10</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Peter F. Palmedo (+)</signatureName>
        <signatureDate>2012-02-10</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Palmedo Holdings LLLP (+), By: /s/ Peter F. Palmedo, General Partner</signatureName>
        <signatureDate>2012-02-10</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Sun Valley Gold Master Fund, Ltd., By: /s/ Peter F. Palmedo, Director</signatureName>
        <signatureDate>2012-02-10</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
