Bunker Hill Mining Corp. (TSXV: BNKR | OTCQB: BHLL) is developing a modern, sustainable mining company focused on delivering essential metals to support global transition efforts. The company's cornerstone asset is the historic Bunker Hill Silver-Lead-Zinc Mine located in Kellogg, Idaho, which serves as the foundation for a high-margin mining operation.
Bunker Hill is guided by an experienced management team with a forward-thinking, ESG-focused vision for the company's future. This leadership is committed to implementing sustainable practices and responsible resource development. By leveraging its historic assets and embracing modern mining techniques, Bunker Hill Mining Corp. is positioning itself as a key player in the sustainable supply of critical metals for a world in transition.
Our strategy is centered on rapidly restarting mining operations. We believe that this can be achieved for minimal capital by focusing on the de-watered upper areas of the mine, utilizing existing infrastructure, and based on truck haulage and toll milling methods. The prompt restart would allow self-funding for our ongoing high-grade silver exploration and immediately crystalize the value created through exploration. Robust PFS confirms that by maximizing the use of existing resources, partnerships and infrastructure, the Bunker Hill Mine has the potential to be re-started rapidly as a low-cost, long life, sustainable operation.
Production at the historical Bunker Hill Mine began in 1885 and ran for over 95 years. It was a lead metal mine with silver and zinc produced as a by-product. It produced over 42M tons yielding more than 165M ounces of silver, 3M tons of lead and 1.3M tons of zinc. During its long history, over 40 separate mineralized zones were exploited. Of these 14, were high grade silver ore bodies. The amount of silver historically produced now represents a significant potential at Bunker Hill and across the Coeur d’Alene Mining District. The renamed “Silver Valley” has emerged as one of the world’s largest silver mining districts with several mines re-started over recent years. The district has yielded a historic silver production of over 1.2 billion ounces, with the Bunker Hill Mine accounting for nearly 15% of the silver production.
We completed a digitization and geologic modelling program in 2020 to leverage the historical mine data collected over a period of 95 years to identify and prioritize high grade silver targets. Data has been inputted from over 90% of 3,500 historic drill-holes and hundreds of detailed hand-drawn geologic maps to create this 3D geologic model which has greatly accelerated our understanding of the deposit and its untapped high grade silver potential. Enabled by our digitization and 3D modelling we then commenced high grade silver drilling in September 2020, with first drill results from the ongoing drill program already confirming high grade mineralization.
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Bunker Hill Mining Corp.
David Wiens, CFA
CFO & Corporate Secretary
+1 208 370 3665
ir@bunkerhillmining.com