Voldemort3 Nov 2020 20:19
“Tremendous Untapped Silver Potential” at Historic Idaho Mine
Toronto, ON-based Bunker Hill Mining Corp. (BNKR) (CSE.BNKR, OTC: BHLL, Forum) is sending all the signs that it is positioned to be the next great silver mining story out of the prolific Silver Valley in Idaho. Just read the releases. Within the last six months the former COO of Barrick Gold, Richard Williams, did his research and due diligence and decided to take over. Mr. Williams then brought along with him several other hand-picked top Barrick Gold executives, including their most talented mine operator, Sam Ash.
This “Dream Team” created an aggressive new plan to “Pivot to Silver at the Bunker” and have recently closed a C$20.4 Million oversubscribed brokered private placement deal lead by Sprott Asset Management – a global leader in precious metals investments. The new team has recently begun initial drilling, and have just started releasing some very promising results. And most importantly, they are finally ready to start telling their story. Do we have your attention? Great!
Bunker Hill is a historically significant mine poised for a second profitable and environmentally-sustainable life. Before closing in 1981, it produced 35 million tons of ore in silver-lead and zinc concentrates with an average grade of 8.76% lead, 3.67% zinc, and 5.49 oz/t silver. In turn, this created a total of 165 million ounces of silver over the course of 95 years.
Fast-forward to today and there’s definitive scientific basis behind the old maxim that “the best place to find a new mine is in the shadow of an old mine.”
It was named after one of Colonial America’s earliest and most famous battles fought against the British in 1775. One-hundred years later, silver mining operations commenced in Northern Idaho’s prolific Silver Valley along with the production of zinc and lead via its electrolytic zinc processing plant and lead smelter. Between 1887 and 1981 Bunker Hill was one of the most productive mines in America, yielding almost 10 million tonnes of zinc, lead, and silver, before closing in 1981.
Now, its namesake lives on with the arrival in 2020 of an exciting new team led by Sam Ash – one of Barrick Gold’s young engineering champions and former EGM of the Lumwana Copper mine. Living alongside the mine – where his father worked as an engineer in the 1970s – he intends to verify, explore, and develop the mine’s still untapped higher-grade silver potential using the most modern analytical, exploration, mining, and processing techniques.
Led by Former Barrick Gold COO Richard Williams, Bunker Hill Mining has emerged as a forward-thinking Company that is definitely not living in the past. On October 22, 2019, the company signed an amended lease agreement with an option to purchase the mine. Following the deal the company has continued to raise money, closing several private placements , most recently in August 2020 and is now deploying USD$20 million in working capital to design t
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