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F E B R U A R Y / M A R C H 2 0 1 8
MINING
Historic Coeur D'Alene Mining District
on verge of renaissance
RECOMMISSIONING THE BUNKER HILL MINE WOULD KICK START A RENAISSANCE
OF MINING IN THE HISTORIC SILVER VALLEY, OF IDAHO.
by Robert Simpson
A
fter closing a $10.2 million financing in December 2017, the historic Bunker Hill Mine
is one step closer to starting production in time to take advantage of the rising com-
modity prices.
The money raised in the financing will be used to rehabilitate the Kellogg tunnel
including new rail and electrical work to gain access to the Quill and Newgard zones
of the historic mine. Once access is complete more drilling will be done on the Quill,
Newgard and UTZ zones to update the historic NI 43-101 resource estimates and expand
the reserves in advance of possible project financing.
A historic resource estimate completed in 1991 on the Quill zones put proven and
probable resources at 4,936,606 million tons grading 2.77% lead, 1.16 oz/ton silver and
6.28% zinc. In all of the zinc zones drilled historically there were 10.9 million tons of
ore grading 1.23% lead, 0.58 oz/ton silver and 0.83% zinc while drilling planned for the
UTZ Zone this year is intended to add to the ore reserves.
Bunker Hill Mining Corp. [BNKR-CSE], which in November 2017 changed its name
from Liberty Silver, has a 24-month lease on the Bunker Hill Mine with an option to
purchase for US $45 million. The lease payments are US $100,000 per month and the
The Kellogg Tunnel at the past-producing
Bunker Hill lead-silver-zinc mine near
Kellogg in the Silver Valley of the Coeur
d'Alene Basin, northern Idaho. Bunker
Hill Mining has an option to earn a 100%
interest in the project. Photo courtesy
Bunker Hill Mining Corp.
