PC Silver Project
- Historic resource of ~240 Moz AgEq M&I + 167 Moz AgEq inferred ¹
- Fully permitted underground mine
- Existing infrastructure including underground development and mill
¹ The historical estimates for Prairie Creek is supported by a technical report dated October 15, 2021 prepared in accordance with NI 43-101, completed by Ausenco Engineering Canada Inc., for NorZinc Ltd., which is currently the parent company of CZC. The historical estimates contained in this news release have not been verified as current mineral resources. A “qualified person” (as defined in NI 43-101) has not done sufficient work to classify the historical estimate as current mineral resources, and the Company is not treating the historical estimate as current mineral resources. The Company considers the historical estimates to be relevant for the proper understanding of the Project, however, significant data compilation, re-drilling, re-sampling and data verification may be required by a Qualified Person for the historical estimates to be in accordance with NI 43-101 standards and to verify the historical estimates as current mineral resources.
Canada’s Next High-Grade Silver–Zinc–Lead Mine
PC Silver Project is a high-grade silver-zinc-lead underground mining project located in the Mackenzie Mountains of the Northwest Territories, Canada. The project has seen significant historical investment and development, including underground workings, surface infrastructure, and extensive engineering studies.
Honey Badger Silver acquired the project through the purchase of Canadian Zinc Corporation, gaining 100% ownership of one of the most advanced undeveloped silver projects in North America.
Key Investment Highlights
Fully Permitted Mine
The project already holds key regulatory approvals including water licences, land use permits and environmental assessment approvals.
Exceptional Grades
Historic resources show very high silver-equivalent grades, with strong zinc and lead by-product credits.
Existing Infrastructure
Includes underground development, mill facilities, airstrip and road access.
Large Silver Exposure
Historic drilling shows that this is a district scale system.
PRAIRIE CREEK: LEGACY INVESTMENT
Clear Redevelopment Path
2026+ Value Drivers:
• Resource upgrades & expansion drilling
• Stakeholder alignment & infrastructure support
• Restart readiness leveraging existing legacy assets
• Potential for significant re-rating through de-risking
Why PC Silver Project Is a World-Class Silver Asset
High-Grade Silver Resource
Fully Permitted Project
Existing Infrastructure
District-Scale Exploration Potential
Mineral Analysis Completed
Samples were submitted to ALS Minerals in North Vancouver. Multi-element analysis was completed for rocks and drill core by ME-ICP61, and soils by ME-ICP41. Gold analysis was completed using AU-AA25. Overlimit samples were analyzed using ME-OG62 respectively. All analysis passed standard QA/QC procedures.
Within Plata Thrust Fault
Discovering the
Aho Zone
Technical Information Approval
The scientific and technical information contained on this page relating to the PC Silver Project has been reviewed and approved by Benjamin Kuzmich, who is a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (NI 43-101).
The mineral resource estimates referenced for the PC Silver Project are historical estimates and are based on a technical report dated October 15, 2021 prepared in accordance with NI 43-101 for NorZinc Ltd.
Honey Badger Silver Inc. has not completed sufficient work to classify these historical estimates as current mineral resources or mineral reserves and is not treating the historical estimates as current mineral resources. The historical estimates are considered relevant to understanding the potential of the project; however, additional work including data verification, drilling, sampling, and engineering studies will be required by a Qualified Person before the historical estimates can be verified or upgraded to current mineral resources in accordance with NI 43-101.