Honey Badger samples up to 279 g/t silver at Yava — on five days of walking the ground

Honey Badger Silver spent five days this summer walking the ground at Yava, a dormant project in Nunavut’s Hackett River greenstone belt, 450 km northeast of Yellowknife. The team picked up rocks off the surface and sent them to the lab. The best of them ran 279 grams of silver per tonne, 5.82% copper and 0.83 grams of gold per tonne — strong numbers on their own. The company also found several new mineralized spots tied to electromagnetic targets, areas where buried conductive rock hints at sulphide mineralization. The last systematic on-the-ground work before this was a 2007 airborne EM survey and short follow-up field program — itself the first activity since the 1974–75 drilling campaign. The rest of Honey Badger’s attention this year has been on the PC Silver Mine in the Northwest Territories, which it bought for C$12 million in March and is now pushing toward a feasibility study.

Here is the catch worth understanding. Those headline grades are grab samples — single pieces of rock chosen because they look rich. The company says plainly they may not represent average grades, and because they come from no measured interval, there are no gram-metres to compute and nothing to compare hole-to-hole. The genuinely substantial number at Yava is old: a 1974–75 drill hole, Y-74-01, cut 40.1 metres grading 67.53 g/t silver plus 1.1% copper and 3.73% zinc, an estimated true width of about 23 metres, inside a VMS lens tested only to roughly 80 metres down. That historic result — not this program — is what makes the ground interesting. The release says the Main Zone stays open along about 250 metres of historical strike, but that geometry comes from old and surface data, not from any new hole drilled this year. For context on the market read: Honey Badger’s stock rose 7.8% over three months while silver fell 5.2% and the junior silver index slipped 1.4% — company-specific strength, with a mid-period surge toward C$1.01 before easing back.

Now the honest part. Every 2026 headline grade is a grab, float or frost-boil sample, explicitly flagged as potentially non-representative. The new EM-target occurrences came back weak — no more than 0.70% copper, 38.2 g/t silver and 0.34% zinc. The historical Yava resource of 1.3 million tonnes at 106.8 g/t silver is non-compliant, unverified, and not a current resource. And no certified standards, blanks or duplicates were inserted into the sample run — quality control rode entirely on the lab’s internal program, a real limit on how far these numbers can be trusted. Next up: a PC Silver mill-restart report in late November, a feasibility study the company has targeted for Q2 2027, and a Yava follow-up plan whose timing the company has not stated.

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