Honey Badger Silver advances PC Mine reboot strategies, expands Nanisivik expedition

Honey Badger Silver CEO Chad Williams signed up with Steve Darling from Proactive to share news the business is taking considerable actions towards opening worth from 2 of its crucial northern Canadian properties, advancing strategies to reboot the historical PC Silver Mine in the Northwest Territories while broadening expedition efforts at its Nanisivik Project on Baffin Island, Nunavut.

Williams described that the PC Silver Mine is an uncommon property due to the fact that it currently consists of a substantial processing center that was significantly finished in 1982 however never ever went into business operation. The center has actually stayed mostly undamaged and well protected for years after the job was mothballed when silver costs decreased.

According to Williams, changing the existing facilities today would likely cost a minimum of $300 million and need numerous years to construct. As an outcome, understanding which elements of the center can be effectively recycled is anticipated to play an important function in identifying both the economics and timeline of a possible reboot.

Tusk Automation has actually started an on-site evaluation of the centers, with fieldwork anticipated to be finished by the end of September and a last report expected by lateNovember While the research study’s findings will not be offered in time to be integrated into the business’s upcoming Preliminary Economic Assessment (PEA), Honey Badger anticipates the work to offer engineering-level info appropriate for addition in a future expediency research study.

The business’s wider goal is to speed up the reboot of the PC Silver Mine by leveraging the significant facilities currently in location and taking advantage of the years of advancement work formerly finished at the website.

In addition to advancing the PC job, Honey Badger has actually finished its 2026 field expedition program at the Nanisivik Project, a historical mining district situated on Baffin Island in Nunavut.

The program constructs on motivating expedition results created in 2025 and concentrates on 2 emerging chances recognized by the business. The initially is a substantial massive-pyrite system that management thinks might host extra important mineralization. The 2nd is the capacity for silver, zinc, lead and important mineral enrichment situated outside the traditionally mined locations.

The 2026 project was particularly developed to enhance the business’s understanding of these targets utilizing contemporary geological and analytical methods. Field teams gathered various samples that have actually been transferred under rigorous chain-of-custody treatments and sent to an independent certified lab for detailed multi-element geochemical analysis.

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