12:28 PM EDT, 10/22/2024 (MT Newswires) -- Bunker Hill Mining ( BHLL ) on Tuesday reported in-mine exploration is continuing to delineate targets designed to support higher run-of-mine grade as the company moves toward production at its Bunker Hill mine in the first half of next year.

An 8,000-foot definition-drilling campaign began in May with the goal of converting inferred mineralization into higher-confidence categories, increasing reserves and mine life. A second drill campaign, totaling approximately 3,000 feet, will start in the first quarter of 2025.

"Drill assays received to date continue to return results that align with or exceed our original estimates. It is anticipated that the drill program will positively impact the short- to medium-term production profile and economics of Bunker Hill, as presented in the 2022 Pre-Feasibility Study," chief executive Sam Ash said. "The company is on track to complete a resource estimate update incorporating these results in the first quarter of 2025."

The company's shares were last seen down $0.005 to $0.155 on the TSX Venture Exchange.

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