Bunker Hill Mining Corp is pleased to announce that it has filed on SEDAR an independent technical report for its Bunker Hill Silver Project located in Idaho’s Silver Valley, USA. The technical report includes detailed information regarding the recently completed digitization and 3D modeling of historic geological data which confirmed numerous high-grade silver exploration targets and formed the basis for its shift to high grade silver exploration.
Resource Development Associates, who prepared the independent technical report, strongly recommend that exploration should be focused on the silver potential with the following conclusions:
In line with the recommendations contained within this report, the Company launched a first high grade silver focused exploration campaign in September 2020. The exploration program consists of 4,570 meters (15,000 feet) of diamond drilling from surface and underground focused on targets in the upper levels of the mine located in close proximity to existing infrastructure. Drilling is advancing on schedule with first drill results expected to be published in a few weeks’ time.
The Technical Report supports the disclosures made by the Company in its September 28, 2020 news release entitled, “Bunker Hill Provides Exploration Update and Announces Maiden Resource”, and its September 9, 2020 news release entitled, “Bunker Hill Mining Confirms Numerous High-Grade Silver Exploration Targets Following Digitisation of Historic Data”. The effective date of the Technical Report is September 29, 2020, and there are no material differences between the results announced in the news release and those contained in the report filed on SEDAR (www.sedar.com) and available on the Company’s website (https://bunkerhillmining.com/). The technical report, entitled, “Technical Report For The Bunker Hill Mine, Coeur d’Alene Mining District, Shoshone County, Idaho, USA” written by Scott E. Wilson, CPG, SME-RM of Resource Development Associates, Inc. dated October 15, 2020 (the “Technical Report”) and prepared in accordance with Canadian Securities National Instrument 43-101 – Standards of Disclosure for Mineral Properties (“NI 43-101”).
Qualified Person
Scott E. Wilson, CPG, SME-RM is a Qualified Person as defined by NI 43-101 and has reviewed and approved the technical data and information contained in this news release.
Technical Note
The Technical Report is based on all available technical and scientific data available as of September 29, 2020. Mineral Resources are considered by the QP to meet the reasonable prospects of eventual economic extraction due two main factors: 1) cutoff grades are based on scientific data and assumptions related to the project; and 2) Mineral Resources are estimated only within blocks of mineralization that have been accessible in the past by mining operations as well as by using generally accepted mining and processing costs that are similar to many projects in Idaho. The exploration and development of mineral properties involves risk. There can be no assurance that the exploration program discussed in this Technical Report will result additional Mineral Resource Estimates. Numerous factors such as commodity price fluctuations, property tenure, environmental and permitting issues, metallurgical and geotechnical considerations may have a material impact on the Bunker Hill Project.
ABOUT BUNKER HILL MINING CORP.
Bunker Hill Mining Corp. has an option to acquire 100% of all saleable assets at the Bunker Hill Mine. Information about the Company is available on its website, www.bunkerhillmining.com, or within the SEDAR and EDGAR databases.
For additional information contact:
Sam Ash, President and Chief Executive Officer
+1 208 786 6999
sa@bunkerhillmining.com