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Bunker Hill Mining Achieves Underground Development Milestone, Ensuring Upper Levels of Mine Ready For Mechanized Mining
HIGHLIGHTS 1800-foot underground decline completed between the 5 and 6 Levels, providing access for rubber-tired equipment to the Level 8 and approximately 2 mi
About this update from Bunker Hill Mining Corp
[{"type":"text","content":" HIGHLIGHTS 1800-foot underground decline completed between the 5 and 6 Levels, providing access for rubber-tired equipment to the Level 8 and approximately 2 million tons of mineralized material for initial 3 years Achievement represents majority of total pre-restart underground development requirements, ensures that underground development remains on schedule and on budget for Q4 2023 restart Access enables mining and sale of ore in the upper zones that can contribute to restart capital costs, pending further study and commercial discussions Optimization of initial 18-month mine plan underway, targeting increased cash flow from a reduction in sustaining capital requirements by better leveraging existing underground infrastructure Demolition of maintenance shop complete, other preparation activities for process plant construction remain on budget and without draw on project contingency Process plant engineering nearing completion, enabling final procurement activities CEO Sam Ash and CFO David Wiens to host interactive 6ix investor event Thursday, December 15 at 2:00pm ET / 11:00am PT. Investors are invited to register at: [LINK] TORONTO, Dec. 13, 2022 (GLOBE NEWSWIRE) -- Bunker Hill Mining Corp. (the “Company”) (CSE: BNKR, OTCQB: BHLL) is pleased to report that it has completed the underground development ‘breakthrough’ to the 6 Level of the mine, the demolition of the old maintenance shop in preparation for mill construction, and remains on track and on budget for a restart of the mine in the fourth quarter of 2023. Sam Ash, CEO stated: “The efficient execution of this critical underground development milestone paves the way for the start of low-cost mechanized mining on the first 2 million tons of mineralized material in the upper part of the mine. Its achievement is not only a testament to the skill of our Silver Valley team and superb mining contractor - CMC - but also to the project management team’s ability to keep the restart project on track in the face of inflationary headwinds. This, together with the successful advancement of above-ground activities, bodes well for the restart of the Bunker Hill Mine in Q4 2023.” A Miner working in pre-existing infrastructure seen through the initial breakthrough from 5 Level to 6 Level UNDERGROUND RAMP BREAKS THROUGH TO 6 LEVEL At approximately 1:00am PT on December 13, 2022, CMC s...