Announcement • 3h
Bunker Hill Mining Corp. Confirms Discovery of New High-Grade Silver-Lead Veins with Second Drill Intercept
Bunker Hill Mining Corp. announced additional assay results from the ongoing underground exploration drill program on the Cate-Eight Vein Target at the Bunker Hill Mine. Drillhole BHE26-02 returns: Continuous mineralization over 28.6 ft grading 3.02 oz/ton (103.39 g/t) silver, 7.44% lead and 0.85% zinc (173.5 g/t AgEq) starting at 453 ft downhole, including 17.1 ft at 4.19 oz/ton (143.64 g/t) silver, 10.67% lead and 0.73% zinc (238.05 g/t AgEq). Two distinct high-grade galena-siderite veins cut within a 17.1 ft mineralized zone: 2.1 ft at 7.95 oz/ton (272.6 g/t) silver, 22.18% lead and 1.05% zinc (462.97 g/t AgEq); 4.3 ft at 8.84 oz/ton (303.1 g/t) silver, 23.20% lead and 0.73% zinc (497.59 g/t AgEq). Mineralization remains open in all directions and occurs within 40 feet of existing mine development, highlighting significant near-mine expansion potential in the underexplored upper mine area. Extends known mineralization approximately 340 feet up-dip from intercepts reported in BHE26-01. Initial target interpretation suggested a single vein; drilling has now identified broader mineralized intervals with an approximate thickness of 10–15 feet. The program remains on schedule, with approximately 1,250 feet drilled to date as part of the planned 25,000-foot campaign. The ongoing drill hole, BHE26-03 has intersected additional mineralization in projections of the new veins and is currently being logged and sampled. Table 1: Significant drill assay intervals from Cate Eight Target Hole ID From To From To Ag Ag Pb% Zn% AgEq AgEq feet feet meter meter opt g/t opt g/t BHE26-01 163.70 184.20 49.90 56.14 1.37 47.00 2.70 0.63 2.24 76.48 including 176.00 176.80 53.64 53.89 11.90 408.00 29.30 0.05 18.82 642.68 And 202.80 206.30 61.81 62.88 7.91 271.25 20.55 0.04 12.77 435.91 including 202.80 205.10 61.81 62.51 11.10 380.57 28.40 0.04 17.81 607.93 BHE26-02 453.00 481.60 138.07 146.79 3.02 103.39 7.44 0.85 5.08 173.50 including 464.50 481.60 141.58 146.79 4.19 143.64 10.67 0.73 6.97 238.05 which includes 471.00 473.10 143.56 144.20 7.95 272.60 22.18 1.05 13.56 462.97 and includes 477.30 481.60 145.48 146.79 8.84 303.09 23.20 0.73 14.57 497.59. True thickness is not currently known; drill intervals are estimated at 75% of true thickness. (AgEq is calculated using CIBC long-term metal prices of $76.36/oz silver, $0.89/lb lead, $1.41/lb zinc, with recovery rates of 91.6% for silver, 88.6% for lead and 86.8% for zinc for PFS metallurgical data for Bunker Hill mineralization here). The “Cate-Eight Vein” is the first target to be tested in the 2026 exploration drill program. This target was previously intercepted by three historic drill holes in the mid-1970s as part of a strategic geological survey, but these were not followed up on before the mine closed. It is interpreted as a vein segment offset within the Cate Fault Zone. The Cate-Eight Vein is considered to belong to the silver-rich Galena-Quartz (GQ) series of veins, previously mined on the lower levels of the Bunker Hill Mine. This group of veins was historically underexplored and largely unexploited in the upper levels of the Mine and represents highly attractive, potentially high-grade silver exploration targets adjacent to mine infrastructure, which could be brought into the near-term mine plan. BHE26-02 is the second hole drilled into the Cate-Eight target, intersecting 28.6 ft of continuous galena mineralization starting at 453 ft downhole. A 17.1 ft-thick higher-grade zone within this broader interval grades 4.19 oz/ton silver (143.64 g/t), 10.67% lead and 0.73% zinc (238.05 g/t AgEq). Two distinct high-grade galena-siderite veins were cut within the 17.1 ft mineralized zone. 2.1 ft at 7.95 oz/ton silver (272.6 g/t), 22.18% lead and 1.05% zinc (462.97 g/t AgEq). 4.3 ft at 8.84 oz/ton silver (303.1 g/t), 23.20% lead and 0.73% zinc (497.6 g/t AgEq). The first hole into the Cate-Eight target (BHE26-01) intercepted 52.3 feet of continuous visible galena mineralization (silver-bearing lead sulfide) starting at 154 feet downhole, with two distinct veins from 163.7-184.2 feet and 203-206.3 feet, both of which had internal zones of high-grade silver-lead mineralization (0.8 feet at 11.9 oz/ton silver (408 g/t) and 29.3% lead (642.68 g/t AgEq) and 2.3 feet at 11.1 oz/ton silver (380.57 g/t) and 28.4% lead (607.93 g/t AgEq)). The results confirm and extend mineralization beyond historic drill intercepts and support modelling of historic mapping and drill data, showing a mineralized structure (Cate-Eight) that may be included in future mine plans with continued encouraging drill intercepts. Six drillholes are planned to test the Cate-Eight Target, totalling ~2,200 feet. The third hole (BHE26-03) was completed on May 7, 2026, ending in historic mine workings after cutting a mineralized vein and breccia zone. BHE26-03 is currently being logged with samples highlighted for delivery to the Silver Valley Laboratory (“SVL Lab”) in the second week of May 2006. Three additional drillholes will test the emerging Cate-Eight Vein zone from the current drill station on the 8 Level. The Company has implemented rigorous Quality Assurance/Quality Control (“QA/QC”) protocols, including the insertion of blanks and standards into all sample batches. QA samples inserted into the batch of samples for BHE26-01 all passed the analyses for blanks and certified reference standards. Core sample intervals were selected based on visual geology and mineralization, and were cut, bagged and delivered to the lab by BHMC geologists. Samples were split and cut on a core saw where necessary, following a cut line placed by the geologist dividing visible mineralization into equal proportions. Samples were prepared and analyzed at SVL, using standard industry grind, split, and pulp preparation, followed by microwave digestion and Inductively Coupled Plasma Optical Emission Spectrometry analysis, with overlimit samples assayed by fire assay with a gravimetric finish for silver. SVL’s quality assurance program meets the quality requirements set forth in the ISO/IEC 17025:2017 Standard, as evidenced by the inclusion and reporting of internal quality control samples with all results. Sam Bourque (AIPG CPG #11775), Chief Geologist of Bunker Hill, is the Company's designated Qualified Person for this news release within the meaning of National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Bourque has reviewed and approved the technical information contained herein.
