Bunker Hill Mining Provides Update on Cate-8 Exploration Program
Bunker Hill Mining (BNKR.TO) said on Monday that drill results from the Cate-8 exploration program at the Bunker Hill mine in Idaho have exceeded its expectations.Seven holes have been drilled to date for a total of 2,750 feet. Assay results for the first five drillholes show significant intercepts, Bunker Hill added. Highlights include 28.6 feet length at 5.06 oz silver equivalent (AgEq) per ton (173.6 AgEq g/t), 280 ft from current mine development; and 15.5 feet length at 11.34 oz AgEq per ton (388.79 AgEq g/t), 310 ft from current mine development.The company said the exploration target model estimate for Cate-8 Vein indicates a range of 50,174-167,821 tons at a grade of 9.32-5.75 oz/ton AgEq, with potential to expand through additional drilling.As we prepare to restart operations this month, these results from the Cate 8 exploration program already exceed our expectations. In particular, the consistency, grade, and thickness of mineralization indicate a new discovery, which will assist with our goal of returning the mine to its historic 50% silver and 50% base-metal mix. Based on this, we are planning to expand the program to potentially define a resource that can be incorporated early in the mine plan," said chief executive Sam Ash.Bunker Hill shares were last seen down $0.04, to $5.85, on the Toronto Stock Exchange.Price: $5.85, Change: $-0.04, Percent Change: -0.68%
