Honey Badger Unlocking Value on the Ground at Nanisivik
Honey Badger Silver (OTCQB: HBEIF) has reported significant progress in its exploration activities at the 100%-owned Nanisivik Project in Nunavut. The company has completed orientation geophysical surveys on two of three high-priority targets and discovered new massive zinc-lead sulphide mineralization at surface.
The exploration program focuses on three priority areas: Deb, Ocean View North, and Area 14. Notable historical drill intersections include up to 290 g/t silver and 43.0% zinc at the Deb target. The newly discovered mineralization at Area 14 spans approximately 300 metres by 30 metres. The project contains over 100 million tonnes of massive sulphide, in addition to the 18 million tonnes previously mined between 1976 and 2002.
The company has also expanded its mineral tenure by staking 10 additional claims totaling 7,650.4 hectares around the Nanisivik Mine area.
Honey Badger Silver (OTCQB: HBEIF) ha annunciato progressi rilevanti nelle attività di esplorazione al progetto Nanisivik in Nunavut, di cui è proprietaria al 100%. La società ha completato indagini geofisiche di orientamento su due dei tre target ad alta priorità e ha identificato nuove mineralizzazioni massive di solfuri di zinco-piombo affioranti.
Il programma di esplorazione si concentra su tre aree prioritarie: Deb, Ocean View North e Area 14. Intersezioni storiche significative includono valori fino a 290 g/t d’argento e 43,0% di zinco al target Deb. La nuova mineralizzazione scoperta ad Area 14 si estende per circa 300 metri per 30 metri. Il progetto contiene oltre 100 milioni di tonnellate di solfuri massicci, oltre ai 18 milioni di tonnellate già estratti tra il 1976 e il 2002.
La società ha inoltre ampliato le concessioni minerarie acquisendo per staking 10 diritti aggiuntivi per un totale di 7.650,4 ettari attorno all’area della miniera di Nanisivik.
Honey Badger Silver (OTCQB: HBEIF) ha informado avances significativos en sus actividades de exploración en el proyecto Nanisivik en Nunavut, del que es propietaria al 100%. La compañía completó estudios geofísicos de orientación en dos de los tres objetivos de alta prioridad y descubrió nueva mineralización masiva de sulfuros de zinc-plomo en superficie.
El programa de exploración se centra en tres áreas prioritarias: Deb, Ocean View North y Area 14. Intersecciones históricas destacadas incluyen hasta 290 g/t de plata y 43.0% de zinc en el objetivo Deb. La mineralización recién descubierta en el Área 14 abarca aproximadamente 300 metros por 30 metros. El proyecto contiene más de 100 millones de toneladas de sulfuros masivos, además de las 18 millones de toneladas extraídas entre 1976 y 2002.
La compañía también amplió sus concesiones minerales mediante la toma de 10 reclamos adicionales que suman 7.650,4 hectáreas alrededor del área de la mina Nanisivik.
Honey Badger Silver (OTCQB: HBEIF)는 100% 소유 중인 누나부트의 Nanisivik 프로젝트에서 탐사 활동에 있어 중요한 진전을 보고했습니다. 회사는 세 개의 우선 목표 중 두 곳에 대해 방향성 지구물리 조사(orientation geophysical surveys)를 완료했으며, 지표에서 새로운 아연-납 황화물의 대규모 광상(massive sulphide)을 발견했습니다.
탐사 프로그램은 Deb, Ocean View North, Area 14의 세 우선 지역에 중점을 두고 있습니다. 역사적 시추 구간 중 주목할 만한 값은 Deb 목표에서 최대 은 290 g/t 및 아연 43.0%입니다. Area 14에서 새로 발견된 광상은 대략 300미터 x 30미터 범위에 걸쳐 있습니다. 이 프로젝트에는 이전에 1976년부터 2002년 사이에 채굴된 1,800만 톤 외에 1억 톤 이상의 대규모 황화물이 포함되어 있습니다.
회사는 또한 Nanisivik 광산 주변에 대해 총 7,650.4헥타르에 달하는 추가 10개 광권을 신규 스테이킹하여 광권을 확장했습니다.
Honey Badger Silver (OTCQB: HBEIF) a annoncé des progrès significatifs dans ses activités d’exploration sur le projet Nanisivik au Nunavut, dont elle est propriétaire à 100%. La société a réalisé des levés géophysiques d’orientation sur deux des trois cibles prioritaires et a découvert de nouvelles minéralisations massives de sulfures zinc-plomb en surface.
Le programme d’exploration se concentre sur trois secteurs prioritaires : Deb, Ocean View North et Area 14. Des intersections historiques notables incluent jusqu’à 290 g/t d’argent et 43,0% de zinc sur la cible Deb. La minéralisation nouvellement découverte dans la zone 14 s’étend sur environ 300 mètres sur 30 mètres. Le projet contient plus de 100 millions de tonnes de sulfures massifs, en plus des 18 millions de tonnes extraites entre 1976 et 2002.
La société a également élargi ses concessions minières en enregistrant par staking 10 claims additionnels totalisant 7 650,4 hectares autour de la zone de la mine de Nanisivik.
Honey Badger Silver (OTCQB: HBEIF) meldet bedeutende Fortschritte bei den Explorationsarbeiten des zu 100% befindlichen Nanisivik-Projekts in Nunavut. Das Unternehmen hat Orientierungs-geophysikalische Untersuchungen an zwei der drei prioritären Ziele abgeschlossen und neue massive Zink-Blei-Sulfidmineralisierung am Tage entdeckt.
Das Explorationsprogramm konzentriert sich auf drei Prioritätsbereiche: Deb, Ocean View North und Area 14. Bedeutende historische Bohrabschnitte umfassen bis zu 290 g/t Silber und 43,0% Zink am Deb-Ziel. Die neu entdeckte Mineralisierung in Area 14 erstreckt sich über etwa 300 Meter mal 30 Meter. Das Projekt beinhaltet über 100 Millionen Tonnen massiver Sulfide zusätzlich zu den 18 Millionen Tonnen, die zwischen 1976 und 2002 abgebaut wurden.
Das Unternehmen hat außerdem seine Bergbauberechtigungen erweitert, indem es 10 zusätzliche Claims mit insgesamt 7.650,4 Hektar rund um das Nanisivik-Minengebiet gelandet hat.
- Discovery of new massive zinc-lead sulphide mineralization at surface in Area 14
- Historical high-grade intersections including up to 290 g/t silver and 43.0% zinc
- Successful identification of discrete conductors through Loupe EM surveys
- Expansion of mineral tenure with 10 new claims totaling 7,650.4 hectares
- Large resource potential with over 100 million tonnes of massive sulphide bodies
- Historical mine closure in 2002 due to low commodity prices
- Full extent of new mineralization not yet delineated
- Pending assay results for silver and other metals content in new discovery
Toronto, Ontario--(Newsfile Corp. - September 2, 2025) - Honey Badger Silver Inc. (TSXV: TUF) (OTCQB: HBEIF) ("Honey Badger" or the "Company") is pleased to provide an update on its ongoing exploration work at its
The Company's Executive Chairman, Chad Williams, commented, "Nanisivik was a quality mining operation until 2002 when low commodity prices forced the mine to cease operations even though 4 years of reserves remained. This project continues to demonstrate great potential not only for critical minerals (zinc and possibly germanium and gallium) but also for silver which was produced in sizeable quantities when the mine was in operation. Our current field program is designed to refine the geological characteristics of known unmined mineralization found in several zones with the objective of generating a new economic resource. We are also excited by the discovery of a new distal zone of massive zinc-lead sulphide mineralization sub-cropping at surface at Area 14 and eagerly await assays to determine how much silver and other metals it contains. The Nanisivik work is adding to the excitement of our recent exploration work at our
Exploration Program
In a news release dated March 25, 2025 ("Honeybadger Silver Identifies Unmined Silver Mineralization at Nanisivik"), the Company announced three priority target areas that were identified during data review, each hosting significant zinc and silver intercepts from historic drilling.
The areas are Deb, Ocean View North, and Area 14. A review of historical exploration drilling at the former mine site identified several significant drill intersections located outside mined areas. These discoveries were not followed up at the time due to the focus on production. Thus, each of these represents a priority target, and has the potential with step-out drilling to be the basis of a new economic resource. A selection of significant silver and/or zinc mineralized intercepts from these priority target areas is provided in the table below and the locations of drillholes with significant intersections are illustrated in the figures below.
Work to date has comprised ground geophysics (Loupe Electromagnetics or EM) to map the extent of subsurface sulphides, reconnaissance prospecting and mapping to identify new zones of mineralization, and sampling of known massive sulphide outcrops to identify occurrences of zinc, silver, and possible germanium and gallium. The objective of the work is to identify drill targets to expand the unmined mineralization and test newly discovered mineralization.
Geophysics grids have been completed on Ocean View and Area 14. While the geophysical data is still being interpreted, initial assessments are that the Loupe EM has been successful in identifying discreet conductors representing sulphides.
The reconnaissance prospecting and mapping has identified an area of sub-cropping massive sphalerite and galena (zinc and lead sulphide, respectively) in Area 14. In the mined Nanisivik orebody, sphalerite-galena mineralization was associated with silver. This mineralization has so far been mapped over an area of about 300 metres by 30 metres, but its full extent has not yet been delineated. Ongoing mapping will define the surface extent of this mineralized zone and complete sampling.
Deb Target
The Deb target area is located approximately 3 km southwest of the main orebody at Nanisivik. The Company has examined data from 15 drillholes completed in this area in the 1980's and 1990's. Significant silver (Ag) and zinc (Zn) intersections include; hole 90-51 which intersected 1.3m of 54.9 grams of silver per tonne (g/t Ag) and
Ocean View North Target
Similar to the Deb target (above), there are no indications of any mining having been completed at the Ocean View North target area, which is located approximately 1.7km east northeast from the main Nanisivik orebody and some 400m north of the historically mined main Ocean View zone (see Figure below). At the Ocean View North area, data from some 72 historical exploration drillholes was examined and a cluster of significant Ag-Zn intersections were identified at the northern extent of the drilling. Significant silver (Ag) and zinc (Zn) intersections at the Ocean View North target area include hole 87-63 intersected 5.3m of 97.6 g/t Ag and
Area 14
The Area 14 target is located approximately 1.8km southeast of the main Nanisivik orebody (see Figure below). Historical data indicates that a small stope was previously mined at Area 14. However, Honey Badger has examined the data from a cluster of 27 historical drillholes located immediately east and northeast of the historically mined area where a number of significant Ag-Zn intersections have been identified, including; hole A14_85-08 which intersected 2.3m of 280.0 g/t Ag and
Massive Pyrite
The massive pyrite bodies, within which the mined mineralization and the new target areas occur, comprise over 100 million tonnes of massive sulphide, in addition to the almost 18 million tonnes that were mined between 1976 and 2002. They occur as linear, lenticular bodies of massive sulphide, at least 9 of which outcrop at surface. The map below shows the locations of the massive pyrite bodies.
Locations of Historical Drillholes with Significant Ag-Zn Intersections in Unmined Areas at the Nanisivik Project
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Table of Historical Drillholes with Significant Ag-Zn Intersections at Unmined Areas at the Nanisivik Project
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Locations of Massive Sulphide Bodies at the Nanisivik Project (3)
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New Claims
In October 2024, the Company increased the size of its mineral tenure around the Nanisivik Mine (see news release dated October 21, 2024 "Honey Badger Silver Grows Nanisivik Project") by staking an additional 10 claims totaling 7650.4 ha at and around the Nanisivik area. These claims cover geophysical anomalies identified during the Company's review of the historic data base (see news release dated September 16, 2024, Honey Badger Silver Identifies Multiple Promising Silver Zones at Nanisivik"). The new claims comprise a further 3 claims that have added 1174.2 ha to the original Nanisivik claim block, 2 claims (1710.4 ha) covering the Chris Creek target located approximately 19 km southeast of Nanisivik, and further 5 claims (4765.8 ha) covering historical geophysical anomalies (conductors) in and around the Adams Sound and Adams River target areas approximately 40 km and 55 km, respectively, southeast of Nanisivik.
About Nanisivik
The Nanisivik Mine (near Arctic Bay, Nunavut) produced over 20 million ounces of silver between 1976 and 2002, from 17.9 million tons of ore, grading
Qualified Person
Technical information in this news release has been approved by Dorian L. (Dusty) Nicol (PG, FAusIMM), a director and technical advisor of the Company, who is a Qualified Person (QP) for the purpose of National Instrument 43-101.
About Honey Badger Silver Inc.
Honey Badger Silver is a silver company. The company is led by a highly experienced leadership team with a track record of value creation backed by a skilled technical team. Our projects are located in areas with a long history of mining, including the Sunrise Lake project with a historic resource of 12.8 Moz of silver at a grade of 262 g/t silver (and 201.3 million pounds of zinc at a grade of
(1) Sunrise Lake 2003 RPA historic resource: Indicated 1.522 million tonnes grading 262 grams/tonne silver,
(2) Clear Lake 2010 SRK historic Resource: Inferred 7.76 million tonnes grading 22 grams/tonne silver,
(3) Geological Survey of Canada, 2002-C22, "Structural and Stratigraphic Controls on Zn-Pb-Ag Mineralization at the Nanisivik Mississippi Valley type Deposit, Northern Baffin Island, Nunavut; by Patterson and Powis."2) Clear Lake 2010 SRK historic Resource: Inferred 7.76 million tonnes grading 22 grams/tonne silver,
ON BEHALF OF THE BOARD,
Chad Williams, Executive Chairman
For more information please, visit our website www.honeybadgersilver.com or contact Mrs. Sonya Pekar for Investor Relations | spekar@honeybadgersilver.com | +1 (647) 498-8244.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Information
This news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "interpreted", "management's view", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This forward-looking information is based on reasonable assumptions and estimates of management of the Company at the time such assumptions and estimates were made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Honey Badger to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information.
Such factors include, but are not limited to, risks relating to capital and operating costs varying significantly from estimates; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; other risks involved in the mineral exploration and development industry; and those risks set out in the Company's public documents filed on SEDAR+ (www.sedarplus.ca) under Honey Badger's issuer profile. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed timeframes or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
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FAQ
What did Honey Badger Silver (HBEIF) discover at its Nanisivik Project in 2025?
What are the historical drilling results at Honey Badger's Nanisivik Project?
How many claims did Honey Badger add to the Nanisivik Project in 2024?
What is the size of the massive sulphide resource at the Nanisivik Project?
What are the three priority target areas at Honey Badger's Nanisivik Project?
