Bunker Hill Mining Corp. [TSX-V: BNKR; OTCQB: BHLL] reported that its wholly-owned subsidiary Silver Valley Metals Corp., has entered into an asset purchase agreement with Silver Dollar Resources (Idaho) Inc., a subsidiary of Silver Dollar Resources Inc., to acquire the Ranger-Page property which includes, six past-producing underground high-grade silver-lead-zinc mines located immediately adjacent to and to the west of the Bunker Hill Mine in the prolific Silver Valley mining district of Idaho, USA.
The acquisition is expected to consolidate one of the most historically productive areas of the Coeur d’Alene Mining District under Bunker Hill’s control, increasing the size of the company’s mineral claim package by approximately 1,205 acres (4.8 km²). The asset acquisition will also include an extensive historical geological database. Contingent on exploration success, this could extend operational life at Bunker Hill, maximize economies of scale, and unlock additional local synergies.
Strategic Highlights – Consolidated Land Position: The acquisition, once complete, will unite the Ranger-Page Mines and Bunker Hill mine into a contiguous land package exceeding 6,200 acres (25 km2), creating one of the largest and most prospective holdings in the Silver Valley.
Exploration Upside: Historical drilling and production data from the Ranger-Page Mines indicate high-grade silver-lead-zinc mineralization remains open at depth and along strike (Drill hole 34-142_NE: 8 feet at 9.41 oz/ton Ag, 13.4% Pb, 3.1% Zn).
Infrastructure Synergies: The Ranger-Page Mines’ existing underground workings and surface access points could provide additional flexibility for future mine planning, ventilation, and exploration access to deeper levels of the Bunker Hill Mine system.
Complementary to Restart Plan: The acquisition, once complete, will align with Bunker Hill’s ongoing restart of operations at the Bunker Hill Mine, targeted for H1 2026, and will enhance the Company’s upside optionality for future resource expansion and mill feed sources.
Community benefits: This has the potential to create more local employment opportunities within the Silver Valley and stimulate procurement from regional suppliers in ways that benefit the local communities.
Sam Ash, President and CEO of Bunker Hill Mining, stated: “The addition of the Ranger-Page Mines will be another key step in our vision to re-establish Bunker Hill as a leading producer in the Silver Valley. The Ranger-Page mine infrastructure and mineralized zones are geologically continuous with the Bunker Hill system, offering immediate synergies for exploration, development, and potential future production.”
Highlights of the Ranger-Page Mines – Silver, plus high-grade lead and zinc: High-grade historic production, the Ranger-Page Mines complex was a top 10 producer in the Silver Valley, estimated to have produced 1.1B pounds of zinc and lead mined and 14.6M ounces of silver.
Six historic mines: Two historic mines produced to depths of 2,644 feet (805.9 m) and 1,200 feet (365.8 m), respectively. Four of the six mines were less than 200 feet (61 m) in depth, leaving significant open-ended exploration potential at depth.
Historical remaining mine resource of 218,000 tons grading 87.4 g/t silver, 10.34% zinc, and 5.22% lead. The estimated results were constrained by the depth of the Page Mine shaft. Mining ceased during a difficult period of historically low metal prices, compounded by a fire which destroyed the mill.
No systematic exploration work was ever conducted to expand these estimated resources at depth. The historic resource is not being treated as a Canadian NI 43-101 compliant resource and is listed here for reference only.
Under-explored property package: In particular, the area between the Ranger-Page Mines and Bunker Hill Mines – the Silver Gap, which contains similar host geology and structural framework. Due to the fragmented historical ownership, this highly prospective ~4km trend remains unexplored.
Recent work by Silver Dollar identified numerous near-surface exploration targets along structures hosting historic mines on the Ranger-Page Mines. Maiden drilling on the Wyoming Target intercepted potentially underground mineable silver-lead-zinc mineralization in all three holes, including 162 g/t Ag, 15.5% Pb and 4.1% Zn over 10 ft (3.04m) (drilled thickness, true thickness unknown).
Patented lode claims: Ownership of surface and mineral rights.
Under the terms of the agreement, Bunker Hill will acquire 100% of Silver Dollar’s interest in the Ranger-Page Mines for total consideration of US$2.4M, comprised of 23,333,334 Bunker Hill Common Shares, subject to the below contractual escrow. The completion of the acquisition will be subject to TSX Venture approval.
Bunker Hill is focused on revitalizing our historic mining asset: the renowned zinc, lead, and silver deposit in northern Idaho’s prolific Coeur d’Alene mining district. This strategic initiative aims to breathe new life into a once-productive mine, leveraging modern exploration techniques and sustainable development practices to unlock the potential of this mineral-rich region.
