8-K
Bunker Hill Mining Corp. (BHLL)
UNITEDSTATES
SECURITIESAND EXCHANGE COMMISSION
Washington,D.C. 20549
FORM8-K
CURRENTREPORT
Pursuantto Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) October 27, 2020
BUNKERHILL MINING CORP.
(Exact name of registrant as specified in its charter)
| Nevada | 333-150028 | 32-0196442 |
|---|---|---|
| (State<br> or other jurisdiction<br><br> <br>of<br> incorporation) | (Commission<br><br> <br>File<br> Number) | (IRS<br> Employer<br><br> <br>Identification<br> No.) |
| 82 Richmond Street East, Toronto, Ontario, Canada | M5C 1P1 | |
| --- | --- | |
| (Address of principal<br> executive offices) | (Zip Code) |
Registrant’s telephone number, including area code 416-477-7771
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.below):
| [ ] | Written communications<br> pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|---|---|
| [ ] | Soliciting material<br> pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| [ ] | Pre-commencement<br> communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| [ ] | Pre-commencement<br> communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of Each Class | Trading Symbol | Name of each Exchange on<br> which Registered |
|---|---|---|
| None |
Item8.01 Other Events.
On October 27, 2020, Bunker Hill Mining Corporation (the “Company”) announced multiple near surface significant high-grade silver intercepts, at its Bunker Hill Mine located in Idaho’s Silver Valley, USA.
ITEM9.01(b) Exhibits
| Exhibit | Description |
|---|---|
| 99 | Press Release dated October 27, 2020 announces Bunker Hill Reports Multiple Near Surface Significant High-Grade Silver Intercepts, including 648 g/t Ag over 1.5m |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| BUNKER HILL MINING CORP. | ||
|---|---|---|
| Date: October<br> 28, 2020 | By: | /s/ Sam Ash |
| Sam Ash | ||
| CEO |
Exhibit99
BunkerHill Mining Reports Multiple Near Surface Significant High-Grade Silver Intercepts, including 648 g/t Ag over 1.5m
TORONTO, Canada, October 27, 2020 – Bunker Hill Mining Corporation (the “Company”) (CSE: BNKR) is pleased to report multiple near surface significant high-grade silver intercepts, at its Bunker Hill Mine located in Idaho’s Silver Valley, USA.
Best selected intercepts include:
| 1. | Hole<br> 7035A: 7.6m at 165.52 g/t Ag, including 1.5m at 648 g/t Ag |
|---|---|
| 2. | Hole<br> 7005: 4.6m at 126.56 g/t Ag, including 1.5m at 239 g/t Ag |
| 3. | Hole<br> 7002: 2.0m at 178.72 g/t Ag, including 0.4m at 394 g/t Ag |
| 4. | Hole<br> 7012: 2.1m at 163.15 g/t Ag, including 1.1m at 280 g/t Ag |
| 5. | Hole<br> 7039: 5.8m at 127.24 g/t Ag, including 0.9m at 295 g/t Ag |
A total of 10 holes were drilled, with each hole returning high grade silver intercepts. Notably, there are 5 intercepts gradingover 800 g/t Ag equivalent and 2 intercepts grading over 1,000 g/t Ag equivalent. The drilling campaign continues, with more drill results expected to be released in the upcoming weeks.
Sam Ash, CEO stated: “The presence of high-grade silver in these drill results supports our thesis that significant high grade silver mineralization exists at Bunker Hill. These results, coupled with the fact that all of the intercepts are not associated with our recently published 43-101 resource, reinforces our confidence in unlocking significant value at Bunker Hill by aggressively pursuing a silver focused exploration program. In addition the proximity of these intercepts to existing infrastructure is supportive of our intention of advancing towards operational restart”.
The Company is conducting a silver focused exploration in the upper area of the Bunker Hill Mine to support its strategy of an operational restart of Bunker Hill focused on high grade silver production, underpinned by modern and sustainable mining techniques. Drilling is being conducted with core drilling from drill sites on surface and underground and is being informed and targeted using its recently completed 3D geologic model. The addition of this new drill information will be used to enhance geologic understanding and create an opportunity to target and expand mineralization in areas not currently within the 43-101 resource.
A video summarizing the digitization and 3D modeling process of historic geological data can be viewed at the following link https://www.youtube.com/watch?v=8X3FrWfbGl4&feature=youtu.be
Today’s published drill results are from the first phase of the drill program. The intercepts highlighted are high grade intercepts of interest that lie outside of the 43-101 inferred resource, as shown in Figure 1 and 2 below.
Figure1: High-grade Silver Drilling Exploration Campaign (Phase 1)
Figure2: High-grade Silver Drilling Exploration Campaign (Phase 1)
The below table summarizes the drill results:
| Drill Hole | From (m) | To (m) | Interval (m) | Ag (g/t) | Pb (%) | Zn (%) | Ag Eq (g/t) | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 7001 | 1.2 | 3.7 | 2.4 | 163.02 | 14.12 | 0.47 | 594.64 | |||||||
| Including | 1.2 | 1.8 | 0.6 | 257.81 | 22.80 | 0.59 | 861.66 | |||||||
| Drill Hole | From (m) | To (m) | Interval (m) | Ag (g/t) | Pb (%) | Zn (%) | Ag Eq (g/t) | |||||||
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 7002 | 5.3 | 7.4 | 2.0 | 178.72 | 14.80 | 0.78 | 579.31 | |||||||
| Including | 7.0 | 7.4 | 0.4 | 393.75 | 38.70 | 0.08 | 1402.68 | |||||||
| Drill Hole | From (m) | To (m) | Interval (m) | Ag (g/t) | Pb (%) | Zn (%) | Ag Eq (g/t) | |||||||
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 7003 | 23.5 | 29.3 | 5.8 | 104.84 | 14.21 | 1.36 | 441.17 | |||||||
| Including | 24.2 | 25.3 | 1.1 | 154.69 | 23.10 | 0.14 | 777.94 | |||||||
| Drill Hole | From (m) | To (m) | Interval (m) | Ag (g/t) | Pb (%) | Zn (%) | Ag Eq (g/t) | |||||||
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 7005 | 47.9 | 52.5 | 4.6 | 126.56 | 12.35 | 0.30 | 456.07 | |||||||
| Including | 47.9 | 49.4 | 1.5 | 239.06 | 21.80 | 0.08 | 804.35 | |||||||
| Drill Hole | From (m) | To (m) | Interval (m) | Ag (g/t) | Pb (%) | Zn (%) | Ag Eq (g/t) | |||||||
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 7008 | 50.0 | 56.7 | 6.7 | 62.17 | 7.61 | 15.03 | 689.77 | |||||||
| Including | 51.1 | 52.0 | 0.9 | 145.31 | 15.50 | 24.20 | 1237.28 | |||||||
| Drill Hole | From (m) | To (m) | Interval (m) | Ag (g/t) | Pb (%) | Zn (%) | Ag Eq (g/t) | |||||||
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 7012 | 122.6 | 124.7 | 2.1 | 163.15 | 6.76 | 0.07 | 319.28 | |||||||
| Including | 123.7 | 124.7 | 1.1 | 279.82 | 11.30 | 0.08 | 538.25 | |||||||
| Drill Hole | From (m) | To (m) | Interval (m) | Ag (g/t) | Pb (%) | Zn (%) | Ag Eq (g/t) | |||||||
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 7039 | 27.1 | 32.9 | 5.8 | 127.24 | 7.21 | 2.00 | 358.97 | |||||||
| Including | 28.4 | 29.3 | 0.9 | 295.31 | 16.20 | 1.05 | 716.60 | |||||||
| Drill Hole | From (m) | To (m) | Interval (m) | Ag (g/t) | Pb (%) | Zn (%) | Ag Eq (g/t) | |||||||
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 7039 | 39.0 | 41.3 | 2.3 | 93.88 | 2.85 | 7.25 | 358.55 | |||||||
| Including | 39.0 | 40.6 | 1.5 | 164.98 | 4.89 | 9.07 | 522.87 |
| Drill Hole | From (m) | To (m) | Interval (m) | Ag (g/t) | Pb (%) | Zn (%) | Ag Eq (g/t) | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 7039 | 100.2 | 108.9 | 8.7 | 31.35 | 2.52 | 6.56 | 281.69 | |||||||
| Including | 103.1 | 104.2 | 1.1 | 66.54 | 5.19 | 16.40 | 663.24 | |||||||
| Drill Hole | From (m) | To (m) | Interval (m) | Ag (g/t) | Pb (%) | Zn (%) | Ag Eq (g/t) | |||||||
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 7035A | 20.4 | 28.1 | 7.6 | 165.52 | 4.98 | 1.22 | 303.45 | |||||||
| Including | 20.4 | 22.0 | 1.5 | 110.29 | 8.76 | 1.53 | 376.68 | |||||||
| 26.5 | 28.1 | 1.5 | 648.05 | 8.92 | 2.61 | 826.42 |
(Reportedintercepts are not true widths as there is currently insufficient data to calculate true orientation in space. Prices used tocalculate Ag Eq grades are as follows: Zn= $1.00/lb, Pb=$0.85/lb, Ag=$20/Oz)
Figure3: Drill Cores (hole 7035A 5’ 20OPT)
TechnicalInformation
The diamond drilling program used HQ-size core. Bunker Hill followed standard QA/QC practices to ensure the integrity of the core and sample preparation through to delivery of the samples to the assay lab. The drill core was stored in a secure facility, photographed, logged and sampled based on lithologic and mineralogical interpretations. Standards of certified reference materials, field duplicates and blanks were inserted as samples shipped with the core samples to the lab.
ALS Global was used to provide analytical services and all results comply with both NI 43-101 and industry standards. ALS Global holds an industry standard ISO 17025 accreditation, specifying general requirements for laboratory performance.
QualifiedPerson
Mr. Scott E. Wilson, CPG, President of Resource Development Associates Inc. and a consultant to the Company, is an Independent “Qualified Person” as defined by NI 43-101 and is acting at the Qualified Person for the Company. He has reviewed and approved the technical information summarized in this news release.
AboutBunker Hill Mining Corp.
Bunker Hill Mining Corp. has an option to acquire 100% of all saleable assets at 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:
Sam Ash, President and Chief Executive Officer
+1 208 786 6999
CautionaryStatements
Certainstatements in this news release are forward-looking and involve a number of risks and uncertainties. Such forward-looking statementsare within the meaning of that term in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the SecuritiesExchange Act of 1934, as amended, as well as within the meaning of the phrase ‘forward-looking information’ in theCanadian Securities Administrators’ National Instrument 51-102 – Continuous Disclosure Obligations. Forward-lookingstatements are not comprised of historical facts. Forward-looking statements include estimates and statements that describe theCompany’s future plans, objectives or goals, including words to the effect that the Company or management expects a statedcondition 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, bytheir very nature they involve inherent risks and uncertainties. Although these statements are based on information currentlyavailable 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, prospectsand opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking informationin this news release includes, but is not limited to, the Company’s intentions regarding its objectives, goals or futureplans and statements. Factors that could cause actual results to differ materially from such forward-looking information include,but are not limited to: the ability to predict and counteract the effects of COVID-19 on the business of the Company, includingbut not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restriction on labour and internationaltravel and supply chains; failure to identify mineral resources; failure to convert estimated mineral resources to reserves; theinability to complete a feasibility study which recommends a production decision; the preliminary nature of metallurgical testresults; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; politicalrisks; changes in equity markets; uncertainties relating to the availability and costs of financing needed in the future; theinability of the Company to budget and manage its liquidity in light of the failure to obtain additional financing, includingthe 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, operatingand reclamation costs varying significantly from estimates and the other risks involved in the mineral exploration and developmentindustry; and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that theassumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue relianceshould not be placed on such information, which only applies as of the date of this news release, and no assurance can be giventhat such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to updateor revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as requiredby law. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information containedherein.
CautionaryNote to United States Investors Concerning Estimates of Measured, Indicated and Inferred Resources
Thispress release has been prepared in accordance with the requirements of the securities laws in effect in Canada, which differ fromthe requirements of U.S. securities laws. Unless otherwise indicated, all resource and reserve estimates included in this pressrelease have been disclosed in accordance with NI 43-101 and the Canadian Institute of Mining, Metallurgy, and Petroleum DefinitionStandards on Mineral Resources and Mineral Reserves. NI 43-101 is a rule developed by the Canadian Securities Administrators whichestablishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects.Canadian disclosure standards, including NI 43-101, differ significantly from the requirements of the United States Securitiesand Exchange Commission (“SEC”), and resource and reserve information contained in this press release may not be comparableto similar information disclosed by U.S. companies. In particular, and without limiting the generality of the foregoing, the term“resource” does not equate to the term “reserves”. Under U.S. standards, mineralization may not be classifiedas a “reserve” unless the determination has been made that the mineralization could be economically and legally producedor extracted at the time the reserve determination is made. The SEC’s disclosure standards normally do not permit the inclusionof information concerning “measured mineral resources”, “indicated mineral resources” or “inferredmineral resources” or other descriptions of the amount of mineralization in mineral deposits that do not constitute “reserves”by U.S. standards in documents filed with the SEC. Investors are cautioned not to assume that any part or all of mineral depositsin these categories will ever be converted into reserves. U.S. investors should also understand that “inferred mineral resources”have a great amount of uncertainty as to their existence and great uncertainty as to their economic and legal feasibility. Itcannot be assumed that all or any part of an “inferred mineral resource” will ever be upgraded to a higher category.Investors are cautioned not to assume that all or any part of an “inferred mineral resource” exists or is economicallyor legally mineable. Disclosure of “contained ounces” in a resource is permitted disclosure under Canadian regulations;however, the SEC normally only permits issuers to report mineralization that does not constitute “reserves” by SECstandards as in-place tonnage and grade without reference to unit measures. The requirements of NI 43-101 for disclosure of “reserves”are also not the same as those of the SEC, and reserves disclosed by the Company in accordance with NI 43-101 may not qualifyas “reserves” under SEC standards. Accordingly, information concerning mineral deposits contained in our website maynot be comparable with information made public by companies that report in accordance with U.S. standards.