Bunker Hill Moving Towards Production In First Half 2025

KELLOGG, ID - Bunker Hill Mining Corp. reported that in-mine exploration is continuing to delineate targets designed to support higher run-of-mine grade as we move towards production in H1|25. The 8,000-foot (~2,440 metres) definition drill campaign was initiated in May this year with the goal of converting inferred mineralization into higher-confidence categories and increasing reserves and mine life. A second drill campaign, totaling approximately 3,000 feet (~910 metres), will commence in Q1|25 to test the selected advanced target by Q2|25.

“Drill assays received to date continue to return results that align with or exceed our original estimates. It is anticipated that the drill program will positively impact the short- to medium-term production profile and economics of Bunker Hill, as presented in the 2022 Pre-Feasibility Study,” said Sam Ash, President and CEO. “The Company is on track to complete a resource estimate update incorporating these results in the first quarter of 2025”.

“Our exploration strategy focuses on delineating resources from our large Inferred inventory in the short term while preparing for medium and longer-term exploration success by advancing exploration targets to the drill ready stage. Ongoing datamining of the extensive historical database has defined a high-grade, 5 to 10 ounces per tonne, approximately 500,000-to-1-million-ounce silver target that we are excited to test in the first quarter of 2025. If successful, this would represent a significant return on our exploration investment and aligns with our strategic objective of boosting silver production during ramp-up and commercial production while maintaining steady-state silver production of at least 700,000 oz per annum over the life of mine”.