Honey Badger Silver (TSX-V:TUF) has confirmed ‘high-grade’ polymetallic mineralisation and identified multiple new occurrences at its Yava Project in Nunavut, Canada.
The company’s first exploration program at the wholly owned property returned grab samples up to 279 grams per tonne silver (Ag), 5.82% copper (Cu), and 0.83g/t gold (Au) from the historic Main Zone.
The August 2026 program collected 146 rock samples across the 5,218-hectare property, the first systematic ground work at Yava since 2007.
The five-day program confirmed ‘high-grade’ polymetallic mineralisation near the Main Zone, followed up airborne electromagnetic targets, and generated new exploration targets.
Executive Chairman Chad Williams says the results demonstrate underlying value beyond the company’s primary PC Silver Mine development.
“With just five days of fieldwork, our exploration team has confirmed high-grade silver and copper mineralisation at the historic Main Zone and identified several new areas of mineralisation across a largely underexplored property,” Williams states.
VP for Exploration Andrew Jedemann says the assays confirmed a wide silver and copper-rich volcanogenic massive sulphide (VMS) system with additional gold, lead, and zinc mineralisation.
“We’ve also followed up on untested airborne electromagnetic targets, which has led to identifying several new mineralised occurrences across the property,” Jedemann adds.
New mineralisation was identified at four target areas: R-12, M-9, M-10, and South Zone. At R-12, the company traced a 70m zone of elevated zinc and copper values up to 0.25% zinc (Zn) and 0.18% Cu. The M-10 target returned samples up to 0.70% Cu, 16.4g/t Ag, and 0.24% Zn.
Yava hosts a historical resource estimate of 1.3 million tonnes (Mt) grading 106.8g/t Ag, 1.03% Cu, 4.96% Zn, 1.60% lead (Pb), and 0.30g/t Au from shallow drilling completed in 1974 and 1975. However, the estimate is not compliant with current reporting codes.
Limited historical drilling included 40.1m @ 67.53g/t Ag, 1.1% Cu, 3.73% Zn, 0.54g/t Au, and 0.36% Pb.
The property covers an approximately 16km prospective trend, with the historic Main Zone tested to only 80m vertical depth and mineralisation open at depth and along strike.
Honey Badger Silver is integrating the new results with historical data to determine next steps, including potential drilling.
Write to JC Villarba at Mining.com.au
Images: Honey Badger Silver
