There’s talk once again of reopening the storied Bunker Hill Mine in the Silver Valley.
A Canadian company says it wants to buy the long-closed mine in Kellogg, Idaho, with an eye toward restarting production there, just a mile west of the ski slopes of Silver Mountain. The 132-year-old mine primarily was a lead and zinc producer but also turned out silver.
Toronto-based Liberty Silver Corp., which began as an over-the-counter penny stock in the U.S., said it has entered into a nonbinding letter of intent to pay Placer Mining Corp. $30 million for Bunker Hill. Placer Mining has owned Bunker Hill since 1991.
Liberty’s CEO, Howard M. Crosby, was a founder and director of U.S. Silver Corp., which bought the Galena silver mine in Silverton, Idaho, from Coeur d’Alene Mines in 2006. Crosby also was involved in a company developing a titanium project in Chile. He could not be reached for comment Thursday.