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Honey Badger Silver Inc. (HBEIF) is a Canadian silver company that focuses on acquiring, developing, and integrating silver ounces through accretive transactions. The company owns the Sunrise Lake project in the Northwest Territories, which has a historic resource of 12.8 million ounces of silver indicated and 13.9 million ounces inferred. In addition, the Plata high-grade silver project in the Yukon Territory shows similarities to the adjacent Rogue Project owned by Snowline Gold.
Honey Badger Silver is led by an experienced leadership team with a track record of value creation and is backed by a skilled technical team. The company's Clear Lake Project in the Yukon Territory also holds a historic resource of 5.5 million ounces of silver and 1.3 billion pounds of zinc. With significant land holdings at the Nanisivik Mine Area in Nunavut, which produced over 20 million ounces of silver between 1976 and 2002, Honey Badger Silver aims to be a leading silver company.
Honey Badger Silver has expanded its Yava silver project in Nunavut through additional claim staking, increasing its land position from 1,280 to 4,395 hectares. The project is located 45km from Glencore's Hackett River Project, one of the world's largest undeveloped silver resources. The Yava deposit contains a historical resource estimate of 1.3 million tons grading 4.96% zinc, 1.03% copper, 1.60% lead, 3.42 oz/t silver, and 0.008 oz/t gold to 100 metres depth. The expanded claims cover untested magnetic and electromagnetic anomalies along strike and adjacent to the main deposit.
Honey Badger Silver Inc. (TSXV: TUF) (OTCQB: HBEIF) has expanded its Nanisivik project on Baffin Island, Nunavut through strategic claim staking. The company has increased its mineral tenure from 4 claims covering 5,722.8 hectares to a total of 14 claims spanning 13,373.2 hectares. This expansion includes:
1. 3 new claims (1,174.2 ha) added to the original Nanisivik claim block
2. 2 claims (1,710.4 ha) covering the Chris Creek target
3. 5 claims (4,765.8 ha) covering historical geophysical anomalies in the Adams Sound and Adams River target areas
The new claims were staked based on the company's recent analysis of historic drill and geophysical data, which revealed high-priority targets for potential silver-rich massive sulphide bodies. CEO Dorian L. (Dusty) Nicol expressed excitement about the expanded land position and its potential for additional silver-rich targets.
Honey Badger Silver Inc. (TSXV:TUF)(OTCQB:HBEIF) has purchased the Yava project in Nunavut from Blue Moon Metals Inc. The acquisition involves 4,250,000 common shares of Honey Badger valued at CAD$0.08 per share, representing about 6.5% of Honey Badger's total issued and outstanding shares. The Yava project contains a historic resource of 4.5 million ounces of silver, acquired at approximately $0.08 per ounce. Located 45 km from Glencore's Hackett River project, Yava has significant exploration potential. The property includes four known base and precious metal occurrences and 9 km of strike-length along a volcanic-sedimentary rock interface. This acquisition aligns with Honey Badger's strategy of acquiring accretive silver ounces and projects.
Honey Badger Silver Inc. (TSXV:TUF)(OTCQB:HBEIF) has announced promising results from a review of historic drilling data at its 100%-owned Nanisivik project in Nunavut. The company has identified multiple targets with silver-bearing mineralization in areas that were not previously mined. Notable intersections include:
- 17.76% zinc, 9.8% lead, and 74.7 g/t silver over 2.7m
- 22.79% zinc, 12.42% lead and 97.6 g/t silver over 5.3m
- 27.43% zinc, 11.97% lead and 280.0 g/t silver over 2.3m
The company's vision is to develop a target resource of at least 100 million ounces of silver at Nanisivik. The project also has potential for critical metals like germanium, gallium, and indium. Honey Badger plans to continue evaluating the database and may use AI techniques for further analysis.
Honey Badger Silver has identified a potential 'Snowline-style' geologic target at its Plata Project, located adjacent to Snowline Gold's discovery in the Tintina Gold Belt, Yukon. The company has increased its land position to cover a geophysical anomaly interpreted as a possible source of high-grade silver and base metal mineralization. Engaging ExploreTech, a geoscience computing firm, Honey Badger aims to refine the highest-potential targets through advanced data interpretation methods. The company's CEO emphasized the strategic use of innovative technology to identify drill targets and advance the project cost-effectively. Plata has significant historic production of high-grade silver, with known occurrences up to 19,000 g/t silver and 78 g/t gold. Initial exploration suggests similarities to the Rogue Project and the rich Keno Hill Silver Mine, with the added potential for a large gold deposit. The project benefits from strategic infrastructure, including the only airstrip in the area, providing access to Snowline Gold's project.
Honey Badger Silver has addressed recent press coverage involving former CEO Quentin Yarie and Red Pine Exploration. Mr. Yarie was replaced in July 2020, and the company clarifies that its current silver property portfolio was acquired post his departure. Current management and the board finalized these acquisitions. Honey Badger emphasizes that Mr. Yarie has had no involvement with the company's present assets and that his opinions are not influential for future decisions.
Honey Badger Silver Inc. (TSXV: TUF, OTCQB: HBEIF) announced that Chad Williams has acquired 4,431,000 common shares at $0.06 per share. Prior to this purchase, Williams held 12,065,924 shares (19.50% of the company). With this acquisition, Williams now holds 16,496,924 shares, constituting 26.66% of the company. If all his warrants and options are exercised, he would control 35.73% of the company. Williams acquired these shares for investment purposes and may adjust his holdings based on market conditions. The early warning report will be available on SEDAR+.
Honey Badger Silver Inc. secures valuable geologic data base for its Nanisivik Project in Nunavut, containing decades worth of drilling results estimated at over $40 million. The company aims to identify potential mineralization with a target of up to 100 million ounces of silver. The acquired data will be important in evaluating commercial value at current metal prices.
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