RE: Q2 results this week?21 Jul 2020 09:52
TORONTO, ON, July 15, 2020 – Bunker Hill Mining Corporation (the “Company”) (CSE:BNKR) is pleased to announce a first progress update following the change in management which occurred earlier this year.
Management’s focus is to explore the high-grade silver potential of the Bunker Hill mine, which was previously operated as a lead metal mine for 95 years ending in 1981. A total of 162 million ounces of silver were produced as a byproduct over this period.
The following historical drill intercepts have been identified in historic data. These are examples of the data that is being used to inform the next phase of silver focused exploration.
Hole # Interval in Feet Silver OPT Level
3183 5 98 12
3402 5 40.4 8
1746 5 33.5 9
3042 5 28.6 10
3219 7 28.4 12
2950 5 22 15
2872 5 21.3 10
2985 5 20.6 9
2875 5 18 10
2961 4 16.4 10
3073 15 15 10
2737 5 14.5 9
2803 10 14.1 11
3271 5 13.3 14
1724 5.7 11.8 13
3155 5 10.8 12
3226 7 10 12
2946 5 8 10
2985 4 7.1 9
It is noted that these drill results were not compiled under the supervision of a Qualified Person. Accordingly, there is no assurance that the information is necessarily indicative of the mineralization at the Bunker Hill mine complex. It is further noted that drill intervals may not indicate true width.
The drilling and sampling program supporting the planned exploration of the Quill, Newgard and UTZ mineralization above the 11 Level of the mine has been completed at the Bunker Hill mine. This program included 8,797 feet (2,680 meters) of core drilling, primarily from underground, and collection of 755 channel samples. Laboratory analysis is currently underway. In addition to drilling and sampling, Bunker Hill initiated an ongoing program to digitize the considerable amounts of historic mine data into 3D format, providing the mine with the first version of a digital geologic model in the mine’s history.
The Company anticipates releasing these results in August which, in conjunction with analysis of historic mine data including previous untested silver exploration opportunities, will form the basis of an ongoing plan of exploration targeting the silver potential of the Bunker Hill mine.
Sam Ash, CEO of Bunker Hill, stated:
“I am excited about the prospects of Bunker Hill. In April, I relocated to Northern Idaho to focus on accelerating our preliminary exploration activity. As our understanding of the property increased throughout our first phase of data-digitization and drilling, it is suggesting that Bunker Hill has a strong mineral endowment.
Detailed analysis of the sources of the historical production of 162M ounces of silver as a byproduct of lead and zinc production, and the open nature of many of the existing and partially-mined mineral occurrences, particularly at depth, indicate that we could be sitting on a very prospective silver exploration target in the United States.
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