Honey Badger Silver (TSX‑V:TUF) has completed its 2026 field exploration program at the Nanisivik Project in Nunavut, Canada, targeting massive pyrite zones and critical minerals potential.
The company collected samples of massive pyrite and polymetallic mineralisation containing sphalerite, galena, and pyrite from multiple zones across the property on Baffin Island.
Samples have been submitted to an independent laboratory for multielement geochemical analysis.
Interim CEO Chad Williams says the program aimed to substantiate the economic potential of silver‑bearing mineralisation at the former mine site.
“Our focus for the 2026 on-site work at Nanisivik was to substantiate the potential of this project to host economic zones of silver-bearing mineralization,” Williams says.
“Importantly, mineralisation at Nanisivik is known to contain zinc, lead, and potentially many other critical minerals.”
The field team, managed by Apex Geoscience, focused on two emerging opportunities: extensive massive pyrite systems and additional silver‑zinc‑lead mineralisation outside historic mined zones.
Historical publications report an estimated 50–100 million tonnes (Mt) of massive pyrite mineralisation within the South Boundary and North Pyrite zones, though this estimate does not meet current National Instrument 43‑101 standards.
The former Nanisivik mine produced approximately 17.9Mt grading 9% zinc, 0.7% lead, and 35 grams per tonne silver before closure due to falling metal prices.
Recent exploration at the Area 14 target returned grab samples grading up to 249g/t silver and 51.5% zinc. At the same time, geophysical surveys identified new untested conductors away from the former mine site.
Honey Badger Silver controls eight silver projects across the Northwest Territories, Yukon, and Nunavut, including the fully permitted PC silver mine.
Write to JC Villarba at Mining.com.au
Images: Honey Badger Silver
