Honey Badger Silver Triples Yava Silver Project Property Position
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 ha ampliato il suo progetto Yava in Nunavut attraverso l'aggiunta di nuovi diritti minerari, aumentando la sua superficie da 1.280 a 4.395 ettari. Il progetto si trova a 45 km dal progetto Hackett River di Glencore, una delle più grandi risorse d'argento non sviluppate al mondo. Il deposito Yava contiene una stima storica delle risorse di 1,3 milioni di tonnellate con un grado di 4,96% zinco, 1,03% rame, 1,60% piombo, 3,42 oz/t d'argento e 0,008 oz/t d'oro fino a una profondità di 100 metri. Le concessioni ampliate coprono anomalie magnetiche ed elettromagnetiche non testate lungo la strike e adiacenti al deposito principale.
Honey Badger Silver ha ampliado su proyecto de plata Yava en Nunavut mediante la adición de nuevos derechos mineros, aumentando su posición de tierra de 1,280 a 4,395 hectáreas. El proyecto se encuentra a 45 km del proyecto Hackett River de Glencore, una de las mayores reservas de plata no desarrolladas del mundo. El depósito Yava contiene una estimación histórica de recursos de 1.3 millones de toneladas con un grado de 4.96% de zinc, 1.03% de cobre, 1.60% de plomo, 3.42 oz/t de plata y 0.008 oz/t de oro hasta una profundidad de 100 metros. Las concesiones ampliadas cubren anomalías magnéticas y electromagnéticas no probadas a lo largo de la strike y adyacentes al depósito principal.
허니배저 실버는 누나부트에서 야바 은 프로젝트를 추가적인 권리 등록을 통해 확장하여 면적을 1,280헥타르에서 4,395헥타르로 증가시켰습니다. 이 프로젝트는 세계 최대의 미개발 은 자원 중 하나인 글렌코어의 해킷 리버 프로젝트에서 45km 떨어진 곳에 위치해 있습니다. 야바 매장지는 1.3백만 톤의 역사적 자원 추정치를 포함하고 있으며, 아연 4.96%, 구리 1.03%, 납 1.60%, 은 3.42 oz/t, 금 0.008 oz/t를 100미터 깊이까지 포함하고 있습니다. 확장된 권리는 주요 매장지와 인접하여 처리되지 않은 자기 및 전자기 이상을 포함합니다.
Honey Badger Silver a élargi son projet Yava dans le Nunavut par l'ajout de nouvelles revendications, augmentant sa superficie de 1 280 à 4 395 hectares. Le projet est situé à 45 km du projet Hackett River de Glencore, l'une des plus grandes ressources argent non développées au monde. Le gisement Yava contient une estimation historique des ressources de 1,3 million de tonnes avec des teneurs de 4,96 % de zinc, 1,03 % de cuivre, 1,60 % de plomb, 3,42 oz/t d'argent et 0,008 oz/t d'or jusqu'à une profondeur de 100 mètres. Les revendications élargies couvrent des anomalies magnétiques et électromagnétiques non testées le long de la strate et adjacentes au gisement principal.
Honey Badger Silver hat sein Yava-Silberprojekt in Nunavut durch zusätzliche Ansprüche erweitert und seine Fläche von 1.280 auf 4.395 Hektar erhöht. Das Projekt liegt 45 km entfernt vom Hackett River Projekt von Glencore, einer der größten unerschlossenen Silberressourcen der Welt. Das Yava-Vorkommen enthält eine historische Ressourcenschätzung von 1,3 Millionen Tonnen mit Gehalten von 4,96% Zink, 1,03% Kupfer, 1,60% Blei, 3,42 oz/t Silber und 0,008 oz/t Gold bis in eine Tiefe von 100 Metern. Die erweiterten Ansprüche decken ungetestete magnetische und elektromagnetische Anomalien entlang des Strikes und angrenzend an das Hauptvorkommen ab.
- Strategic expansion of land position by 243% (from 1,280 to 4,395 hectares)
- Property located near Glencore's major Hackett River silver resource (105M oz Indicated, 184M oz Inferred)
- Historical resource estimate shows significant mineralization (3.42 oz/t silver)
- Historical resource estimate requires verification and updating
- Additional work needed to classify historical estimates as current mineral resources
WHITE ROCK, BC / ACCESSWIRE / October 28, 2024 / Honey Badger Silver Inc. (TSXV:TUF)(OTCQB:HBEIF) ("Honey Badger" or the "Company") is pleased to announce that it has added, by low cost staking, additional claims at its
Honey Badger's CEO, Dorian L. (Dusty) Nicol, commented, "Our new claims provide an important addition to the project's expansion potential. In addition to its historical silver resource, Yava has tremendous upside exploration potential, which we have enhanced greatly by more than tripling the size of our land position. All of our Yava claims are located near Glencore plc's (GLCNF) Hackett River project that contains a world-class silver resource of 105 million ounces of silver Indicated and 184 million ounces silver Inferred. Hackett and Yava are located on the same mineralized structure. The number of untested geophysical and geochemical anomalies within our now-enlarged land position speak to the great expansion potential on our claims. We will compile and interpret existing data on the expanded Yava project - which is an exciting new acquisition for Honey Badger - with a view to executing activities to maximize the value of this asset for our shareholders."
Yava is located 45 kms from Glencore's Hackett River Project, one of the largest undeveloped silver resources in the world. The new claims increase the Company's land position in this rich district from 1,280 hectares to 4,395 hectares. The new claims cover a number of untested magnetic and electromagnetic anomalies and silver occurrences that occur along strike and adjacent to the Yava deposit (see maps below) and add greatly to the Company's expansion potential in the district.
Yava Deposit
On October 2, 2024, the Company announced that it had purchased the Yava Project from Blue Moon Metals Inc. (see news release dated October 2, 2024). The Yava Property is in the Mackenzie Mining District, Territory of Nunavut, approximately 450 kilometers northeast of Yellowknife. The Yava Property consists of one mining lease of 1,280 hectares plus three mining claims in two blocks totaling 3,115 hectares, comprising in all 4,395 hectares.
The Yava Property envelopes four known base and precious metal occurrences mid-way along the length of the Hackett-Back River greenstone belt. The north end of this greenstone belt hosts the Hackett River base and precious metal resource currently held by Glencore. According to Xstrata's December 31, 2012, report, Hackett River's resource estimate includes 25 million indicated tons of
Known metal occurrences at the Yava Property, the Hackett River occurrence and the Musk occurrence are at or near the interface between uppermost felsic volcanic rocks of the greenstone belt and overlying sedimentary rocks. The Yava mining lease includes 9 km of northwest-trending strike-length along the aforementioned volcanic-sedimentary rock interface. Brascan Resources Ltd. estimated that the Yava Main Zone contains 1.3 million tons of
In addition, there is significant exploration potential associated with untested geophysical and geochemical anomalies and along the favorable volcanic stratigraphy.
Comments on the Historic Mineral Resource Estimate
The historic preliminary resource estimate of 1.3Mt grading
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.
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.
SOURCE: Honey Badger Silver Inc.
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FAQ
What is the new total land size of Honey Badger Silver's (HBEIF) Yava project after the expansion?
What is the historical resource estimate for the Yava deposit (HBEIF)?
How far is Honey Badger's (HBEIF) Yava project from Glencore's Hackett River Project?
