Bunker Hill initiates technical report; plans TSX listing
Bunker Hill Mining Corporation, which is gearing up to reopen the historic Bunker Hill mine in Idaho’s Coeur D'Alene zinc, lead and silver mining district, has started work on a technical report, which it will use to apply for a listing on the TSX.
The National Instrument 43-101 technical report on the Bunker Hill property is expected to be released in the third quarter, Bunker Hill Mining CEO Bruce Reid said in an investor update on Thursday.
For the report, data from about 1 000 historic diamond drill holes will be used. Bunker Hill has drill logs for more than 3 400 holes historically drilled on the property.
The technical report is a precondition to a TSX listing.
Bunker Hill has also completed an internal mine plan for the property and has started planning for a process plant technical study, while work is ongoing on arranging financing for the $75-million that will be required for a mine restart, Reid reported.
A tender process for the engineering study, covering bulk sample, metallurgical testing, flowsheet design, a feasibility study, engineering design and an engineering, procurement and construction contract, will be concluded soon. The study will be for an on-site 1 500 t/d modular processing facility, which will allow for a potential future doubling of throughput rate.
In terms of financing activities, Reid said that Bunker Hill Mining had been engaging potential financing partners, including financial groups and mining companies, to fund the restart of the mine.
“Bunker Hill is currently in discussions with sophisticated potential investors with deep knowledge of mining risk and an understanding of the significant value that the Bunker Hill mine represents,” he stated.
The mine was first discovered in 1880, and operated for nearly a century – producing 36-million tonnes grading 8.76% lead, 4.54 oz/t silver and 3.67% zinc, for total value of mineralisation at Bunker Hill.
Comments
The
functionality
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation