Liberty Silver announces plans to acquire Bunker Hill Mining Complex

Canada’s Liberty Silver has announced plans to acquire Placer Mining’s Bunker Hill Mining Complex in Kellogg, Idaho.

The mine, which primarily consists of lead-silver-zinc mineralization, was closed in 1981 because it was unable to comply with stricter environmental standards on smelter emissions.

According to Liberty, the cleanup of the smelter, zinc plant and associated sites has now been completed, and the Mine is poised for “further development and an eventual return to production.”

The acquisition price stated in Liberty’s letter of intent is US$30 million.