Honey Badger Silver highlights exploration progress at Plata and Nanisivik projects
Last updated: 02:10 23 May 2025 AEST, First published: 01:10 23 May 2025 AEST
Honey Badger Silver Inc CEO Chad Williams joined Steve Darling from Proactive’s OTC studio in New York city to provide an update on the Company’s exploration progress at its 100%-owned Plata Project in the Yukon Territory and ongoing work at the historic Nanisivik silver mine on Baffin Island, Nunavut.
Williams described Honey Badger as a straightforward silver-focused company with seven projects across Canada—three with defined resources and four in the exploration stage. The flagship Plata Project is located near Snowline Gold’s Rogue discovery in Yukon. Recent mapping at Plata has uncovered unexpected gold potential, adding further upside to its 32 drill targets.
Williams also shared updates on the Nanisivik project, a former producing mine that features a large pyrite deposit estimated at 100 million tonnes. While the company is assessing its economic viability, Williams emphasized that the high silver grades were the primary attraction.
He noted the company's undervalued status, with an enterprise value of less than $0.05 per silver-equivalent ounce, suggesting significant upside for investors, especially amid rising silver prices.
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