Our development program has outlined new reserve blocks and has reclassified previously known but unmeasured reserves into the proven and probable categories. Our proven and probable reserve inventory is expected to exceed 5,000,000 tons by year-end; over 11 years of reserves based on our projected production rate. We have also added substantially to our inferred reserve inventory. As required, these reserves will be upgraded.
The Bunker Hill mine is presently operating with a reserve base which substantially exceeds the industry norm and we expect to be able to maintain this for many years. Jack W. Kendrick, President, Bunker Hill Mining Co., Inc. Kellogg, Idaho
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