BUNKER HILL ANNOUNCES COMMENCEMENT OF DRILLING AND SAMPLING PROGRAMS AT THE BUNKER HILL MINE
01 April 2020 - 1:00PM
Bunker Hill Mining Corp. (CSE-BNKR) (“Bunker Hill” or the
“Company”) is pleased to announce the commencement of diamond
drilling and sampling programs designed to provide confirmation
data on mineral resources in the UTZ, Newgard, and Quill ore zones.
The total program consists of an initial 15,000
feet of diamond drilling from a series of underground drill
stations, and approximately 4,000 feet of channel sampling.
Drilling has already started in the UTZ Zone and will conclude
there by the middle of May 2020. Concurrent and complementary to
this, channel sampling has also started in the some of the open
stopes cut into that ore zone.
Following work in the UTZ zone, which is located
on the five and six levels of the mine, the drill program will
shift down to the nine level of the mine with a focus on the Quill
mineral zone – the largest known ore body within the mine. This
will consist of at least 10,000 feet of diamond drilling from four
to five drill stations.
After completing the sampling in the UTZ Zone,
the sample crews will also shift down to nine level where they will
undertake a sample program focused on the Newgard mineral zone -
second largest known ore body in the mine. This sampling is to
occur between the seventh and the eleventh levels.
This work and the subsequent assays are expected to be completed
by July of this year. Details of the sample and drill results
will be forthcoming in further news releases as they are received
by the Company.
Resource Development Associates of Highland
Ranch, Colorado has been retained to complete a resource estimate
in accordance with National Instrument 43-101 utilizing this new
data and confirmed historic resource information.
Mr. Michael McGinnis, CPG, Supervising Project
Geologist and a Qualified Person under National Instrument 43-101,
has approved the technical information in this news release.
About Bunker Hill Mining
Corp.
Bunker Hill Mining Corp has the exclusive option
to acquire 100% of the marketable assets of the Bunker Hill Mine.
Information about the Company is available on its website,
www.bunkerhillmining.com, or within the SEDAR and EDGAR
databases.
For additional information contact:
John Ryan, Interim Chief Executive Officer(201)
509-3797
Cautionary Statement
No stock exchange or securities administrator
accepts responsibility for the adequacy or accuracy of this news
release.
Certain statements in this news release are
forward-looking and involve a number of risks and uncertainties.
Such forward-looking statements are within the meaning of that term
in Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended, as
well as within the meaning of the phrase ‘forward-looking
information’ in the Canadian Securities Administrators’ National
Instrument 51-102 – Continuous Disclosure Obligations.
Forward-looking statements are not comprised of historical facts.
Forward-looking statements include estimates and statements that
describe the Company’s future plans, objectives or goals, including
words to the effect that the Company or management expects a stated
condition or result to occur. Forward-looking statements may be
identified by such terms as “believes”, “anticipates”, “expects”,
“estimates”, “may”, “could”, “would”, “will”, or “plan”. Since
forward-looking statements are based on assumptions and address
future events and conditions, by their very nature they involve
inherent risks and uncertainties. Although these statements are
based on information currently available to the Company, the
Company provides no assurance that actual results will meet
management’s expectations. Risks, uncertainties and other factors
involved with forward-looking information could cause actual
events, results, performance, prospects and opportunities to differ
materially from those expressed or implied by such forward-looking
information. Forward looking information in this news release
includes, but is not limited to, the Company’s intentions regarding
its objectives, goals or future plans and statements. Factors that
could cause actual results to differ materially from such
forward-looking information include, but are not limited to,
failure to identify mineral resources, failure to convert estimated
mineral resources to reserves, the inability to complete a
feasibility study which recommends a production decision, the
preliminary nature of metallurgical test results, delays in
obtaining or failures to obtain required governmental,
environmental or other project approvals, political risks, changes
in equity markets, uncertainties relating to the availability and
costs of financing needed in the future, the inability of the
Company to budget and manage its liquidity in light of the failure
to obtain additional financing, including the ability of the
Company to complete the payments pursuant to the terms of the
agreement to acquire the Bunker Hill Mine Complex, inflation,
changes in exchange rates, fluctuations in commodity prices, delays
in the development of projects, capital, operating and reclamation
costs varying significantly from estimates and the other risks
involved in the mineral exploration and development industry, and
those risks set out in the Company’s public documents filed on
SEDAR. Although the Company believes that the assumptions and
factors used in preparing the forward-looking information in this
news release are reasonable, undue reliance should not be placed on
such information, which only applies as of the date of this news
release, and no assurance can be given that such events will occur
in the disclosed time frames or at all. The Company disclaims any
intention or obligation to update or revise any forward-looking
information, whether as a result of new information, future events
or otherwise, other than as required by law.
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