(Hanging Wall of Cate Fault. Image via Bunker Hill Mining Corp. Click to enlarge.)
Mineral commodities have been highly valuable among traders looking for haven assets, silver chief among them as the economic turbulence from the COVID-19 fallout wreaks havoc on the markets but pushes silver higher and higher. Lead and zinc prices have also pushed higher and are tracking for continued growth ….
Headquartered in Toronto, Ontario,
Bunker Hill Mining Corp. (CSE: BNKR, OTC: BHLL, Forum) satisfies these three commodities, having uncovered even greater value at its flagship project.
Under new Idaho-based leadership, the Company is exploring and developing mineral properties in North America. Chief among them its objective is to sustainably restart and develop the Bunker Hill Mine in the state’s Coeur d’Alene zinc, lead, and silver mining district as the first step in consolidating a portfolio of North American precious-metal assets with a focus on silver.
It was at the Bunker Hill Mine where, in mid-March 2021, BNKR reported
a significant resource increase it its previous 8.8 metric tonnes (Mt) Inferred resource, supporting the rapid restart program.
The indicated resource of 4.4Mt contains 3.03 million ounces (Moz) of silver, 487 million pounds of zinc, and 176M lb of lead. The inferred resource of 5.6 Mt containing 8.3 Moz of silver, 548 million pounds of zinc, and 312 million pounds of lead.
Speaking on this news, Bunker Hill Mining’s Chief Executive Officer, Sam Ash stated that the results of this drilling campaign and continued digitization realized in this significant upgrade of the resource builds upon the maiden resource the Company published less than a year ago.
“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”.
The Company followed this news up with a report a few weeks later that multiple high-grade silver mineralization results were unearthed as part of its ongoing silver-focused drilling program, and through chip-channel sampling of newly accessible areas of the Bunker Hill Mine identified through the Company’s proprietary 3D digitization program.
(090-23-21 Deadwood Vein Stope – Floor 4 Footwall Rib Channel Samples. Image via Bunker Hill Mining Corp. Click to enlarge.)
In
a March 2021 news release from the Company, CEO Ash noted that, having completed the drilling campaign designed to support the mine restart plan and associated PEA, the team has now shifted its drilling and sampling focus to high-grade silver exploration in order to bring more silver into the upper mine resources and future mine planning.
“Today’s results confirm high grade silver mineralization in two distinct areas of the upper mine close to existing infrastructure. Firstly, we have confirmed the silver potential of the Deadwood vein through ten separate high-grade channel samples. Secondly, our systematic targeting methodology allowed us to confirm the presence of high-grade silver mineralization on the 5-level through drilling, within an area where no historical mining was conducted. Both of these areas, along with others, will be followed up and developed over the coming weeks.”
No less than 10 separate high-grade silver mineralization results came back greater than 900 g/t AgEq (under current prices), each with minimum 0.6 metre length, identified through targeted chip-channel sampling in newly accessible part of 9-level Deadwood vein. High-grade silver, lead and zinc mineralization, including 3.8 metres at 197 g/t Ag, 21.2% Pb and 2.7% Zn, representing 996.6 g/t AgEq, intersected at down-dip extension of the UTZ zone at the 5-level. The Company has planned follow-up diamond drilling to test the extent of the Deadwood vein and nearby Jersey vein.
Based on developments in the geologic model, new interpretation and analysis has identified a new silver exploration opportunity for Bunker Hill Mining in the hanging wall of the Cate Fault in the upper areas of the Bunker Hill Mine. These new, near surface silver exploration targets will be evaluated in the current drilling campaign. The Preliminary Economic Assessment (PEA) remains on track for completion in early Q2 2021.
To find out more, visit
bunkerhillmining.com.
FULL DISCLOSURE: This is a paid article produced by Stockhouse Publishing.