Key Highlights
- Honey Badger Silver reported early 2026 rock-sample assays from its Nanisivik Project in Nunavut.
- One zinc-rich float sample returned more than 500 parts per million germanium, with 178 g/t silver.
- Four massive pyrite float samples returned up to 45.3 g/t silver; over-limit sulphur results are pending.
- The company said it is re-assaying remaining samples and building a 3D geological model.
Honey Badger Silver Inc. (TSXV: TUF) (OTCQB: HBEIF) (FSE: 1QA) (Tradegate: 1QA) reported assay results from its 2026 field exploration program at its 100%-owned Nanisivik Project on northern Baffin Island, Nunavut. The company said results from selective rock samples support its exploration concepts that silver occurs in the projects massive pyrite system and that germanium is present in the zinc-lead-silver mineralization.
The 2026 program consisted of 18 selective rock samples collected over four days in August 2026, predominantly float samples. Honey Badger Silver cautioned that the results are preliminary, are not representative of average grades, and do not establish the extent or continuity of mineralization.
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Germanium results from zinc-lead-silver samples
Honey Badger Silver said its first modern test for germanium at Nanisivik included two float samples collected near the West Open Pit area. Sample E17589 returned greater than 500 parts per million (ppm) germanium, which the company said is the upper reporting limit of the analytical method used, meaning the true value is higher than 500 ppm. The same sample returned 54.6% zinc, 5.3% lead and 178 grams per tonne (g/t) silver.
A second float sample collected about 20 metres away, E17590, returned 38 ppm germanium along with 56.4% lead, 7.1% zinc and 48.5 g/t silver. The company said two float samples do not establish germanium grades or distribution and that systematic analysis of sphalerite-bearing drill core and outcrop would be needed.
Honey Badger Silver said it is re-assaying germanium in the remaining samples using a process designed for measuring the metal, with results pending.
Massive pyrite samples show silver values
Honey Badger Silver reported results from four float samples described in the field as massive pyrite, collected from the north end of the South Pyrite Zone and from the South Boundary Zone. Silver results ranged from 0.55 to 45.3 g/t, with two of the four samples above 10 g/t, according to the release.
The highest reported silver values were from samples the company described as pyrite-dominant with very little zinc or lead: sample E17695 returned 45.3 g/t silver with 0.06% zinc and 0.10% lead, while sample E17597 returned 29.3 g/t silver with 0.02% zinc and 0.08% lead.
The company said all four massive pyrite samples exceeded the 10% upper limit for sulphur under the multi-element method used, and that over-limit sulphur analyses are pending to confirm the classification.
Next steps and project context
Honey Badger Silver said it is compiling, validating and digitizing historical drilling and mine records and building a 3D geological model integrating historic drilling, mine workings, geophysics and the 2026 results. It also plans to use the model to design future drilling to test the extent, thickness, sulphur content and silver grade of massive pyrite zones and to obtain material for systematic germanium analysis and preliminary metallurgical testing.
The Nanisivik Project surrounds the former Nanisivik Mine near the community of Arctic Bay. The mine operated from 1976 to 2002 and, according to the company, produced about 20.1 million ounces of silver and 3.55 billion pounds of zinc before closing due to falling metal prices.
The original press release is available on stockhouse.com
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