Investigating Potential Restart Of Famous Silver Project
Bunker Hill Mining Corp. (CSE: BNKR) is pleased to report that it has intercepted high grade silver mineralisation in the UTZ area of the Bunker Hill Mine in Idaho, USA
CEO, Sam Ash, said the intersection with a silver equivalent grade of 1,206 g/t AgEq, the high-grade hit was made near surface, in close proximity to existing infrastructure, and located within a larger mineralised zone which was historically thought to not contain high-grade silver.
“The presence of high-grade silver in the upper areas of the Bunker Hill Mine is very encouraging,” Mr Ash said.
“Furthermore, it is within the PEA study area and has the potential to be mined within Phase 1 of our restart programme, which could allow us to immediately crystalize the value. Analysis is underway to follow up and further explore for nearby high-grade silver mineralisation.”
A Preliminary Economic Assessment (PEA) investigating a rapid restart programme remains on track for completion in early Q2-2021.
ALS Global was used to provide analytical services and all results comply with both NI 43-101 and industry standards. ALS Global holds an industry standard ISO 17025 accreditation, specifying general requirements for laboratory performance.
The Bunker Hill Mine is one of the most storied base metal and silver mines in American history. Initial discovery and development of the property began in 1885, and from that time until the mine closed in 1991 total production from the mine totalled 42.77 million tons at an average grade of 8.43% lead, 3.52 ounces silver per ton and 4.52% zinc.
Through its history the area encompassing the Bunker Hill mine accounts for nearly 42% of the total lead, 41% of the total zinc and 15% of the total silver production in the Coeur d’Alene Mining District. Over this long, 95+ year history, more than 40 separate mineralized zones were exploited, producing 35 millions tons of ore concentrate, including a total of 165 Moz of silver. The Bunker Hill historical mine is located in the world class silver Coeur d’Alene Mining District.