other material
confidence high
sentiment positive
materiality 0.80
Bunker Hill: Cate-8 drill results expand target; draws US$2M Teck, US$4M Ocean Partners
Bunker Hill Mining Corp.
- BHD26-17: 12.5 ft at 2.94 oz/ton Ag, 3.2% Pb (3.75 oz/ton AgEq); BHP26-24: 3.2 ft at 4.19 oz/ton Ag, 10.6% Pb (6.78 oz/ton AgEq) incl 0.7 ft at 15.7 oz/ton Ag, 33.7% Pb (23.89 oz/ton AgEq)
- Channel sampling: 46 ft of 8.19% Pb, 2.49 oz/ton Ag, 1.18% Zn (4.83 oz/ton AgEq) (14.03 m at 166 g/t AgEq)
- Cate-8 target: 55% tonnage growth, 34% more AgEq oz; at 50 g/t cutoff: 522k tons at 5.34 oz/ton AgEq for 2.79M oz
- Teck facility: drew US$2M on Aug 28, total US$8M outstanding; interest 13.5% to Jun 30 2027, then 15%; secured
- Ocean Partners: drew US$4M on Sep 1, first draw; interest 7% + SOFR; proceeds for working capital at Bunker Hill Mine