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Transaction Announcement Reports
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Project: | Bunker Hill | |
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Deposit: | Bunker Hill | |
Location: | United States | |
Commodities: | Zinc-Lead-Silver | |
Date: | 9/6/2018 | |
Report Code: | NI43-101 | |
Report Type: | Supporting Acquisition | |
Project Stage: | Pursuing Resources Definition | |
Report details: | 6-9-2018: Bunker Hill Mining Corp. announces a Supporting Acquisition report for its Bunker Hill deposit at the Bunker Hill project. Summary of property in support of Acquisition and listing on CSE. The following report was prepared to provide a National | |
Resources: | x | |
CP/QP: | [Overall Report]: David Burga (P&E Mining Consultants Inc.) | |
ABSTRACT: | The following report was prepared to provide a National Instrument 43-101 (“NI 43-101”) Technical Report on the Bunker Hill Zinc-Lead-Silver Property (“Bunker Hill Property” or the “Property”) located in the Coeur d’Alene Mining District, Idaho, USA, for Bunker Hill Mining Corp. (“Bunker Hill Mining”). This Technical Report has an effective date of July 6, 2018. Bunker Hill Mining is a public company trading on the Canadian Securities Exchange (CSE: BNKR). The Bunker Hill Property is a zinc, lead and silver property that comprises 434 contiguous mining claims covering a total area of approximately 5,773.8 acres (2,336.7 ha). The claims are located in Shoshone County, Idaho in western USA. The Property is located approximately 70 miles (113 km) east of Spokane, Washington. The centre of the Property is located at approximately 564,056 m E 5,261,698 m N (UTM NAD83 Zone 11T) or Latitude 47o 30’ 20” N and Longitude 116o 08’ 58” W. On August 28, 2017, Bunker Hill Mining entered into a definitive agreement with Placer Mining Corp. on a lease with an option to purchase the Bunker Hill Mine. The acquisition includes mining claims, surface rights, fee parcels, mineral interests, existing infrastructure, machinery and buildings at the Kellogg Tunnel portal in Milo Gulch, or anywhere underground at the Bunker Hill Mine Complex, but specifically excludes the Machine Shop Building and Parcel, unprocessed mineralization on deck and residual lead/zinc mineralization mined and broken, but not removed from the Bunker Hill Mine; the historic Caledonia Mine; the Crystal Vug; and the Silver Ridge exploration property. The 24-month lease continues until October 31, 2019. The lease period can be extended by a further 12 months at the Company’s discretion. During the term of the lease, the Company must make US$100,000 monthly mining lease payments, paid quarterly. | |
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