Identifies New Silver Exploration Targets
Bunker Hill Mining Corporation (CSE: BNKR) has unveiled a significant resource increase at the historic Bunker Hill Mine located in Idaho’s Silver Valley, USA.
CEO, Sam Ash, said the increase underpins the Preliminary Economic Assessment (PEA), aimed the mine’s rapid restart potential, due to be published in early Q2-2021.
Bunker Hill’s on-going digital modernisation programme has yielded a three-dimensional model, defining nearly 100 years of mining voids and geology, which increases confidence in the estimation of mineralisation.
Additional drilling, modern data collection and assaying, quality assurance and quality control protocols, as well as the verification channel sampling program of 2020 has provided the necessary information to increase the confidence and classification of the Newgard, Quill and UTZ mineral resource estimates.
The preponderance of data has converted approximately 77% of the Bunker Hill Mineral Resource to the Indicated Mineral Resource category.
Highlights of the new studies:
Previous 8.8Mt Inferred resource significantly upgraded, supporting a rapid restart programme:
- Indicated resource of 4.4Mt containing 3.03Moz of silver, 487M lb of zinc, and 176M lb of lead
- Inferred resource of 5.6Mt containing 8.3Moz of silver, 548M lb of zinc, and 312M lb of lead
“We are excited to see the results of our drilling campaign and continued digitization realized in this significant upgrade of the resource at Bunker Hill, building on the maiden resource we published less than a year ago,” Mr Ash said.
“This demonstrates the mine’s outstanding mineral potential, which we expect to be reflected in the PEA assessing a rapid restart. This remains on track for delivery in early April. As part of the on-going campaign to add more silver to our resources, we have also identified some exciting new silver exploration targets in the upper levels of the mine which will be evaluated by drilling over the next few weeks.”
New interpretation and analysis based on developments in the geologic model have identified an exciting new silver exploration opportunity in the hanging wall of the Cate Fault in the upper areas of the Bunker Hill Mine.
