Honey Badger Silver Grows Nanisivik Project
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) ha espanso il suo progetto Nanisivik sull'isola di Baffin, Nunavut, attraverso un'intelligente acquisizione di concessioni. L'azienda ha aumentato la sua proprietà mineraria da 4 concessioni che coprono 5.722,8 ettari a un totale di 14 concessioni che si estendono su 13.373,2 ettari. Questa espansione include:
1. 3 nuove concessioni (1.174,2 ha) aggiunte al blocco originario di concessioni Nanisivik
2. 2 concessioni (1.710,4 ha) che coprono l'area del target Chris Creek
3. 5 concessioni (4.765,8 ha) che coprono anomalie geofisiche storiche nelle aree target di Adams Sound e Adams River
Le nuove concessioni sono state acquisite sulla base dell'analisi recente dell'azienda delle storiche perforazioni e dei dati geofisici, che hanno rivelato target ad alta priorità per potenziali corpi di solfuri massicci ricchi di argento. Il CEO Dorian L. (Dusty) Nicol ha espresso entusiasmo riguardo alla posizione ampliata dei terreni e alle sue potenzialità per ulteriori target ricchi di argento.
Honey Badger Silver Inc. (TSXV: TUF) (OTCQB: HBEIF) ha expandido su proyecto Nanisivik en la isla de Baffin, Nunavut, a través de la adquisición estratégica de reclamaciones. La empresa ha aumentado su concesión minera de 4 reclamaciones que cubren 5,722.8 hectáreas a un total de 14 reclamaciones que abarcan 13,373.2 hectáreas. Esta expansión incluye:
1. 3 nuevas reclamaciones (1,174.2 ha) añadidas al bloque de reclamaciones original de Nanisivik
2. 2 reclamaciones (1,710.4 ha) que cubren el objetivo Chris Creek
3. 5 reclamaciones (4,765.8 ha) que cubren anomalías geofísicas históricas en las áreas objetivo de Adams Sound y Adams River
Las nuevas reclamaciones se realizaron basándose en el análisis reciente de la empresa de los datos históricos de perforación y geofísicos, que revelaron objetivos de alta prioridad para posibles cuerpos masivos de sulfuros ricos en plata. El CEO Dorian L. (Dusty) Nicol expresó su entusiasmo por la posición de tierras ampliadas y su potencial para obtener más objetivos ricos en plata.
허니배저 실버 주식회사 (TSXV: TUF) (OTCQB: HBEIF)는 나니시빅 프로젝트를 확장했습니다 북극의 바핀 섬, 누나부트에서 전략적인 권리 매입을 통해. 회사는 광물 권리를 증가시켰습니다 4개의 청구에서 5,722.8 헥타르를 커버하는 14개 청구로 총 13,373.2 헥타르를 차지합니다. 이번 확장은 다음을 포함합니다:
1. 원래 나니시빅 청구 블록에 추가된 3개의 새 청구 (1,174.2 헥타르)
2. 크리스 크릭 목표를 커버하는 2개의 청구 (1,710.4 헥타르)
3. 아담스 사운드 및 아담스 리버 대상 지역의 역사적인 지구물리학적 이상을 커버하는 5개의 청구 (4,765.8 헥타르)
새로운 청구는 회사의 최근 분석을 바탕으로 스테이킹되었으며, 역사적인 드릴 및 지구물리 데이터에 따르면 은이 풍부한 대규모 황화물체를 위한 고우선 목표가 드러났습니다. CEO 도리안 L. (더스티) 니콜은 확대된 토지 위치와 추가적인 은이 풍부한 목표에 대한 잠재력에 대해 흥분을 표했습니다.
Honey Badger Silver Inc. (TSXV: TUF) (OTCQB: HBEIF) a élargi son projet Nanisivik sur l'île de Baffin, Nunavut, par le biais d'une acquisition stratégique de revendications. L'entreprise a augmenté son droit minier de 4 revendications couvrant 5 722,8 hectares à un total de 14 revendications s'étendant sur 13 373,2 hectares. Cette expansion comprend :
1. 3 nouvelles revendications (1 174,2 ha) ajoutées au bloc de revendications original de Nanisivik
2. 2 revendications (1 710,4 ha) couvrant l'objectif Chris Creek
3. 5 revendications (4 765,8 ha) couvrant des anomalies géophysiques historiques dans les zones cibles d'Adams Sound et d'Adams River
Les nouvelles revendications ont été effectuées sur la base de l'analyse récente de l'entreprise des données historiques de forage et géophysiques, qui a révélé des cibles de haute priorité pour des corps massiques riches en argent potentiels. Le PDG Dorian L. (Dusty) Nicol a exprimé son enthousiasme pour la position foncière étendue et son potentiel pour d'autres cibles riches en argent.
Honey Badger Silver Inc. (TSXV: TUF) (OTCQB: HBEIF) hat sein Nanisivik-Projekt erweitert auf der Baffininsel, Nunavut, durch strategisches claim staking. Das Unternehmen hat seinen Mineralbesitz erhöht von 4 Ansprüchen, die 5.722,8 Hektar abdecken, auf insgesamt 14 Ansprüche, die 13.373,2 Hektar umfassen. Diese Erweiterung umfasst:
1. 3 neue Ansprüche (1.174,2 ha), die zu dem ursprünglichen Nanisivik-Anspruchsblock hinzugefügt wurden
2. 2 Ansprüche (1.710,4 ha) für das Ziel Chris Creek
3. 5 Ansprüche (4.765,8 ha), die historische geophysikalische Anomalien in den Zielgebieten Adams Sound und Adams River abdecken
Die neuen Ansprüche wurden aufgrund der kürzlichen Analyse des Unternehmens historischer Bohr- und geophysikalischer Daten vormarkiert, die hochpriorisierte Ziele für potenzielle silberreiche massive Sulfidkörper aufzeigten. CEO Dorian L. (Dusty) Nicol äußerte seine Begeisterung über die erweiterte Landposition und ihr Potenzial für zusätzliche silberreiche Ziele.
- Expansion of mineral tenure from 5,722.8 ha to 13,373.2 ha at low cost
- Identification of high-priority targets for potential silver-rich massive sulphide bodies
- Strategic positioning around the past-producing Nanisivik Mine
- Increased exploration potential with new claims covering geophysical anomalies
- None.
White Rock, British Columbia--(Newsfile Corp. - October 21, 2024) - Honey Badger Silver Inc. (TSXV: TUF) (OTCQB: HBEIF) ("Honey Badger" or the "Company") is pleased to announce that it has added strategic claims through staking at its
Honey Badger's CEO, Dorian L. (Dusty) Nicol, commented, "Our recent historic drill and geophysical data analysis (news release dated September 16, 2024), revealed several high-priority targets that may be silver-rich massive sulphide bodies. To capture the full benefit of these and additional potential silver-rich targets for our shareholders we staked new claims at very low cost. We are extremely excited by our new land position because of how it expands, at extremely low cost, the number of potential silver-rich targets. Our next steps will be to continue compiling and interpreting available data on these new claims, with a view to performing an initial field reconnaissance."
New Claims
The Company has recently increased the size of its mineral tenure around the past producing Nanisivik Mine on Baffin Island, Nunavut, which now comprises a total of 14 mineral claims covering some 13,373.2 hectares (ha). The Company's original Nanisivik Property comprised 4 claims totaling 5,722.8 ha that cover the former mine site. The company has staked 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). 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. The map below illustrates the locations of the new claims with respect to the geophysical anomalies.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3204/227244_5db1c8ac14c1d999_001full.jpg
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
(1) Reference: 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) A qualified person has not done sufficient work to classify this historic tonnage estimate as a current mineral resource and the Company is not treating the estimate as a current mineral resource. The historic tonnage estimate cannot be relied upon. Additional work, including verification drilling / sampling, will be required to verify the estimate as a current mineral resource.
(3) University College London study, 1922, published by Royal Geographic Society.
Qualified Person
Technical information in this news release has been approved by Dorian L. (Dusty) Nicol, the Company's CEO (PG, FAusIMM), who is a Qualified Person (QP) for the purpose of National Instrument 43-101.
Yava Acquisition
The Company announced on October 2, 2024, that it has agreed to purchase the Yava property for 4,250,000 shares from Blue Moon Metals Inc. The property is subject to a
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 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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/227244
FAQ
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