- Bunker Hill Mining Corp. (BNKR) has purchased a 225-acre surface land parcel from Northern Enterprises, Inc.
- The 225-acre land parcel includes the surface rights to portions of 24 patented mining claims
- Bunker Hill Mining intends to sustainably restart and develop the Bunker Hill Mine
- Bunker Hill Mining Corp. (BNKR) opened trading at C$0.315 per share
Bunker Hill Mining Corp. (BNKR) has purchased a 225-acre surface land parcel for approximately $200,000.
Sam Ash, CEO of Bunker Hill Mining commented on the purchase.
“We are excited to secure a more than 50 per cent increase in our surface land ownership with the purchase of a private ground parcel centered around the main haulage entrance to the Bunker Hill Mine. This will serve as a strategic asset for the rapid restart of the mine, optimizing construction efficiency and costs while providing improved access to prospective areas identified by our recent geophysics survey.”
The purchase of the land package originates from a lease-to-purchase option with Northern Enterprises, Inc.
The approximately 225-acre land parcel includes the surface rights to portions of 24 patented mining claims, of which Bunker already owns the mineral rights. The acquired land provides further surface access up both East and West Milo Gulch, opening up a large portion of ground identified by the geophysical program for future exploration efforts.
This section of the Bunker Hill property hosted some of the earliest mining in the area on some of the highest grade, shallow silver veins produced from in Bunker’s history and is accessible year-round by an existing road to the Russel portal yard.
Bunker Hill Mining intends to sustainably restart and develop the Bunker Hill Mine as the first step in consolidating a portfolio of North American mining assets with a focus on silver.
Bunker Hill Mining Corp. (BNKR) opened trading at C$0.315 per share.