Join Executive Chairman Richard Williams, CEO Sam Ash, and Chief Geologist Mark Crouter for a live virtual event as they provide Bunker Hill Mining's strategy for value creation through exploration.
The event will be on Monday, January 22nd at 1 pm ET / 9 am PT and you can join by registering at this link.
AME Roundup Conference – Vancouver Conference Centre (22-25 Jan 2024)
- Bunker Hill Mining Corporation will be represented at its Company Stand 1525 within the Vancouver Conference Centre, and attended by the Executive Chair, CEO, CFO and Director: Finance.
Project Update:
- Mine restart project advances on track and on budget, with primary focus being the preparation of the Bunker Hill Yard for the start of construction of the Processing Facility and Tailings Filtration Plant.
- Arrival of Golden Sunlight's Mill on track for delivery in January which supports 1800 TPD throughput
Value Creation through Exploration – key lines of activity in 2024:
- Concurrent with engineering, construction and other restart activities, the following will be conducted during 2024:
(1) Planned Resource Conversion: 1250m of Infill holes from UG to improve confidence level of grade and thickness of mineralization.
(2) Near Mine Exploration: 1250 m of drilling, leveraging historic mineralization trends to step out and find additional resources close to existing UG infrastructure.
(3) New Target Exploration: Utilizing modern geophysics to refine and add to new, near-surface exploration targets generated in 2022 within the 5,800-acre Land Package.
Key 2024 Exploration Milestone:
- Bunker Hill intends to issue updated resource during Q4 2024
TORONTO, Jan. 19, 2024 (GLOBE NEWSWIRE) -- Bunker Hill Mining Corp. (the "Company") (TSXV:BNKR) (OTCQB:BHLL) is pleased to provide an update on its planned resource conversion and exploration activities for 2024.
Sam Ash, CEO, said: "In addition to restarting the Bunker Hill mine in 2024, the Company's geologists, led by our new Chief Geologist - Mark Crouter, intend to expand our resources as well as highlight some of the significant geological upside potential contained within our 5,800 acre claim package. We look forward to discussing this on the 6ix video call on Monday, or in person at the Bunker Hill Booth at the AME Roundup Conference in The Vancouver Conference Centre next week."
PROJECT UPDATE
Engineering of the main Process Plant is advancing on track with deep pier establishment scheduled to commence in the next month as part of geotechnical stabilization and preparation of the land for the construction of the Process Plant and Tailings Filtration Plant within the Bunker Hill Yard.
Preparations are ongoing to move all administrative and other staff out of the existing office buildings before they are demolished next month. This will create extra space in the yard for the Tailings Filtration Plant and associated material handling. Administrative and Technical Staff will be moving into new facilities, adjacent but outside to the processing Yard, thereby reducing foot and vehicle traffic within the processing yard.
Up the hill from the Bunker Yard, and adjacent to the expanded Russell Tunnel, the Wardner Mining Operating Yard has recently received an office building which was transferred from Teck's Pend Oreille closed mine site. This mining operating base is also benefiting from additional investment into surface maintenance facilities and supporting infrastructure, sufficient to support ongoing and planned refurbishment of the underground infrastructure. This includes the installation of refurbished ventilation systems, before starting planned UG Resource Conversion, Expansion and Exploration drilling.
Fig 1 – Enhanced Russell Tunnel and expanded facilities at the Wardner Mining Yard
All main civil, structural and mechanical outputs are on track to be at IFC before year end. Our long-lead item procurement has resulted in purchase orders having already been issued for the Pre-Engineered Metal Building (PEMB), Ore Silo, Conveyors, Ball Mill Starter Motor, Thickeners Tanks and Inching Drive. Refurbishment of the Pend Oreille mill equipment – the source of most mill components – is advancing on track, concurrent with the move to site of the Mill bought from the Golden Sunlight Mine in Montana by the end of January.
Fig 2 – Processing Plant and Tailings Filtration Plant to be in the Bunker Hill Yard.
EXPLORATION VALUE-CREATION STRATEGY
The graphic below outlines the three components of the planned 2024 exploration plan:
(1) Resource Conversion,
(2) Near Mine Resource Expansion and
(3) New Target Exploration.
Fig 3 – Key Components of 2024 Exploration Plan
The planned work program for 2024 is expected to cost $715K and is expected to include 2500m of core drilling.
2024 EXECUTION TIMELINE AND KEY CATALYSTS
This work will be led by Mark Crouter, the new Bunker Hill Chief Geologist, and will be conducted over the following timetable, to deliver the exploration products listed below: