Honey Badger Silver Defines New High Priority Exploration Targets at Its Yava Project, Nunavut
Honey Badger Silver (HBEIF) has identified six high-priority exploration targets at its Yava Project in Nunavut, including two high-priority conductors (R-6 and R-9) on the Raptor claim block and four high-priority conductors (M-1, M-2, M-3, and M-6) on the main Yava claim block.
Notable findings include Conductor M-3, located 1.25km northwest of the Yava Main Zone, with a 500m strike length. Historical samples from this area showed significant mineralization, with one 2007 grab sample returning 4,960 ppm silver, 1.2 ppm gold, 3.5% lead, and 1.5% zinc. Another sample from 2004 near the Yava North Zone returned 3,452 ppm silver and 0.17 ppm gold.
The company believes these findings represent part of a significant volcanogenic massive sulphide footwall stringer zone, potentially extending from the Yava Main Zone. The project's location, 45 kilometers from Glencore's Hackett River project, suggests favorable geology for new discoveries.
Honey Badger Silver (HBEIF) ha identificato sei obiettivi di esplorazione ad alta priorità nel suo progetto Yava in Nunavut, tra cui due conduttori ad alta priorità (R-6 e R-9) nel blocco di concessione Raptor e quattro conduttori ad alta priorità (M-1, M-2, M-3 e M-6) nel blocco di concessione principale Yava.
Tra le scoperte notevoli c'è Conductor M-3, situato a 1,25 km a nord-ovest della Yava Main Zone, con una lunghezza di 500 m. I campioni storici da quest'area hanno mostrato una significativa mineralizzazione, con un campione di prelievo del 2007 che ha restituito 4.960 ppm di argento, 1,2 ppm di oro, 3,5% di piombo e 1,5% di zinco. Un altro campione del 2004 vicino alla Yava North Zone ha restituito 3.452 ppm di argento e 0,17 ppm di oro.
L'azienda crede che queste scoperte rappresentino parte di una significativa zona di stringer di footwall massive sulfide volcanogeniche, potenzialmente estendendosi dalla Yava Main Zone. La posizione del progetto, a 45 chilometri dal progetto Hackett River di Glencore, suggerisce una geologia favorevole per nuove scoperte.
Honey Badger Silver (HBEIF) ha identificado seis objetivos de exploración de alta prioridad en su Proyecto Yava en Nunavut, incluyendo dos conductores de alta prioridad (R-6 y R-9) en el bloque de concesión Raptor y cuatro conductores de alta prioridad (M-1, M-2, M-3 y M-6) en el bloque de concesión principal Yava.
Entre los hallazgos notables se encuentra Conductor M-3, ubicado a 1.25 km al noroeste de la Zona Principal de Yava, con una longitud de 500 m. Las muestras históricas de esta área mostraron una mineralización significativa, con una muestra de 2007 que devolvió 4,960 ppm de plata, 1.2 ppm de oro, 3.5% de plomo y 1.5% de zinc. Otra muestra de 2004 cerca de la Zona Norte de Yava devolvió 3,452 ppm de plata y 0.17 ppm de oro.
La empresa cree que estos hallazgos representan parte de una significativa zona de stringer de sulfuro masivo volcanogénico, que podría extenderse desde la Zona Principal de Yava. La ubicación del proyecto, a 45 kilómetros del proyecto Hackett River de Glencore, sugiere una geología favorable para nuevos descubrimientos.
허니 배저 실버 (HBEIF)는 누나부트의 야바 프로젝트에서 두 개의 고우선 순위 전도체(R-6 및 R-9)와 네 개의 고우선 순위 전도체(M-1, M-2, M-3 및 M-6)를 포함하여 여섯 개의 고우선 순위 탐사 목표를 확인했습니다.
주목할 만한 발견 중 하나는 전도체 M-3로, 야바 메인 존에서 북서쪽으로 1.25km 떨어진 곳에 위치하며, 길이는 500m입니다. 이 지역의 역사적인 샘플은 상당한 광물화를 보여주었으며, 2007년 채취한 샘플에서는 4,960ppm의 은, 1.2ppm의 금, 3.5%의 납 및 1.5%의 아연이 검출되었습니다. 2004년 야바 북쪽 존 근처에서 채취한 또 다른 샘플은 3,452ppm의 은과 0.17ppm의 금을 반환했습니다.
회사는 이러한 발견이 야바 메인 존에서 연장될 수 있는 상당한 화산성 대규모 황화물 스트링거 지역의 일부를 나타낸다고 믿고 있습니다. 프로젝트 위치는 글렌코어의 해켓 리버 프로젝트에서 45킬로미터 떨어져 있어 새로운 발견을 위한 유리한 지질을 시사합니다.
Honey Badger Silver (HBEIF) a identifié six cibles d'exploration de haute priorité dans son projet Yava au Nunavut, y compris deux conducteurs de haute priorité (R-6 et R-9) sur le bloc de revendication Raptor et quatre conducteurs de haute priorité (M-1, M-2, M-3 et M-6) sur le bloc de revendication principal Yava.
Parmi les découvertes notables, on trouve Conducteur M-3, situé à 1,25 km au nord-ouest de la Zone Principale de Yava, avec une longueur de 500 m. Des échantillons historiques de cette zone ont montré une minéralisation significative, avec un échantillon de 2007 retournant 4 960 ppm d'argent, 1,2 ppm d'or, 3,5 % de plomb et 1,5 % de zinc. Un autre échantillon de 2004 près de la Zone Nord de Yava a retourné 3 452 ppm d'argent et 0,17 ppm d'or.
L'entreprise pense que ces découvertes représentent une partie d'une zone de stringer de sulfure massif volcanogène significative, s'étendant potentiellement depuis la Zone Principale de Yava. L'emplacement du projet, à 45 kilomètres du projet Hackett River de Glencore, suggère une géologie favorable à de nouvelles découvertes.
Honey Badger Silver (HBEIF) hat sechs hochpriorisierte Explorationsziele in seinem Yava-Projekt in Nunavut identifiziert, darunter zwei hochpriorisierte Leiter (R-6 und R-9) im Raptor-Lizenzblock und vier hochpriorisierte Leiter (M-1, M-2, M-3 und M-6) im Hauptlizenzblock Yava.
Bemerkenswerte Funde sind Leiter M-3, die 1,25 km nordwestlich der Yava-Hauptzone liegt und eine Streichenlänge von 500 m hat. Historische Proben aus diesem Bereich zeigten eine signifikante Mineralisierung, wobei eine 2007 entnommene Probe 4.960 ppm Silber, 1,2 ppm Gold, 3,5 % Blei und 1,5 % Zink zurückgab. Eine weitere Probe aus dem Jahr 2004 in der Nähe der Yava-Nordzone ergab 3.452 ppm Silber und 0,17 ppm Gold.
Das Unternehmen glaubt, dass diese Funde Teil einer signifikanten vulkanogenen massiven Sulfid-Footwall-Stringer-Zone darstellen, die sich möglicherweise von der Yava-Hauptzone erstreckt. Der Standort des Projekts, 45 Kilometer vom Hackett River-Projekt von Glencore entfernt, deutet auf eine günstige Geologie für neue Entdeckungen hin.
- Identification of 6 high-priority exploration targets at Yava Project
- Strong mineralization indicators with samples showing up to 4,960 ppm silver
- Strategic location near Glencore's Hackett River project (345M oz silver resource)
- Company tripled its land position through recent claim staking
- All targets remain untested by drilling
- Results based on selective grab samples that may not represent underlying mineralization
WHITE ROCK, BC / ACCESS Newswire / February 24, 2025 / Honey Badger Silver Inc. (TSXV:TUF)(OTCQB:HBEIF) ("Honey Badger" or the "Company") is pleased to announce that based on geological and geophysical criteria, six (6) high priority exploration targets have been identified, comprising two (2) high priority conductors (R-6 and R-9), and 11 lower priority conductors located on the current Raptor claim block (see Figure 1) and an additional four (4) high priority conductors (M-1, M-2, M-3 and M-6) and 10 lower priority conductors located on the current main Yava claim (and lease) block (see Figure 2). These targets have not yet been drill-tested.
Conductor M-3, located 1.25km northwest of the Yava Main Zone, has a 500m strike length and is associated at surface with mineralization in outcrop where a grab sample assay in 2007, returned values of 1.2 ppm gold (Au), 4,960 ppm silver (Ag),
Another sample, collected in 2004, located 650 m north of the M-3 target/conductor, comprised sulphide-rich mineralization that was later named the Yava North Zone and returned analytical values of 0.17 ppm Au and 3,452 ppm Ag* (see Figure 3). Geological evidence suggests that the silver-rich sulphide mineralization at the M-3 and Yava North zones represent part of a significant volcanogenic massive sulphide (VMS) footwall stringer zone that appears to be a northwestern projection of the Yava Main Zone mineralized horizon. This second mineralized system on the main Yava claim/lease block, along with the remainder of the strike extent of the Yava Main Zone mineralized horizon, represents an additional priority for future exploration at the property.
The identification of these targets enhances the discovery potential of the Yava Project, where the Company tripled its land position by staking claims over favorable ground shortly after acquiring the property in October 2024.
The Company's CEO, Dorian L. (Dusty) Nicol, commented, "The identification of these targets confirms our belief that Yava has tremendous discovery potential above and beyond the currently identified historical resource. The project's location only 45 kilometres from Glencore's Hackett River project, one of the largest undeveloped silver resources in the world (113 million ounces Indicated plus 232 million ounces Inferred) and on the same belt of volcanic rocks, testifies to the favorable geology and discovery potential of Yava. We are continuing data review and planning a field program to field check these new targets and continue advancing Yava toward a new discovery."
Figure 1. High and low priority geophysical targets on the Raptor Zone claim block.
Figure 2. High and low priority geophysical targets on the Yava Main Zone claim/lease block.
Figure 3. Yava Main Zone compilation with priority exploration targets.
*Grab rock samples, by their nature, are selective samples and may not represent underlying mineralization.
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 (and 201.3 million pounds of zinc) Indicated and 13.9 Moz of silver (and 247.8 million pounds of zinc) Inferred (1)(3) located in the Northwest Territories and the Plata high grade silver project located 165 km east of Yukon's prolific Keno Hill and adjacent to Snowline Gold's Rogue discovery. The Company's Clear Lake Project in the Yukon Territory has a historic resource of 5.5 Moz of silver and 1.3 billion pounds of zinc (2)(3). The Company also has a significant land holding at the Nanisivik Mine Area located in Nunavut, Canada that produced over 20 Moz of silver between 1976 and 2002 (2,3). A qualified person has not done sufficient work to classify the foregoing historical resources as current mineral resources and the Company is not treating the estimates as current mineral resources. The historical resource estimates are provided solely for the purpose as an indication of the volume of mineralization that could be present. Additional work, including verification drilling / sampling, will be required to verify any of the historical estimates as a current mineral resources.
(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."
ON BEHALF OF THE BOARD
Dorian L. (Dusty) Nicol, CEO
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.
SOURCE: Honey Badger Silver Inc.
View the original press release on ACCESS Newswire
FAQ
What new exploration targets has HBEIF identified at the Yava Project?
What mineralization was found in the 2007 grab sample at Conductor M-3?
How close is HBEIF's Yava Project to Glencore's Hackett River project?
When did HBEIF acquire and expand the Yava Project?
