Bunker Hill Mining Corp. has acquired the Ranger-Page property, including six high-grade silver-lead-zinc mines near the Bunker Hill Mine in Idaho, USA. This acquisition will expand Bunker Hill’s mineral claim package by 1,205 acres, potentially extending operational life, maximizing economies of scale, and creating local synergies.
The acquisition will consolidate the Ranger-Page Mines and Bunker Hill Mine into a contiguous land package of 6,200 acres, making it one of the largest holdings in the Silver Valley district. Historical data suggests open high-grade mineralization at depth and along strike, providing exploration upside opportunities.
The Ranger-Page Mines have seen historic production of 1.1B pounds of zinc and lead and 14.6M ounces of silver. Exploration potential remains at depth, with under-explored areas between the Ranger-Page and Bunker Hill Mines. Recent drilling has intercepted mineable mineralization, indicating significant resource potential.
Bunker Hill will acquire the Ranger-Page Mines for US$2.4M in Bunker Hill Common Shares. Payment will be made with staged releases from escrow over a one-year period. Completion of the acquisition is subject to TSX Venture Exchange approval and a hold period for the Payment Shares.
Bunker Hill Mining Corp. aims to revitalize the historic zinc, lead, and silver deposit in Idaho’s Coeur d’Alene mining district. The company’s strategic vision includes restarting and developing the Bunker Hill Mine, leveraging modern exploration techniques to unlock the region’s mineral potential and maximize shareholder value.
Read more at GlobeNewswire: Bunker Hill Announces Agreement to Acquire the Historic
