Thunder Bay Silver Project




Exploration History

Honey Badger’s land package hosts 12 past-producing high-grade mines with historic production of over 1.67M oz silver.

Honey Badger’s Silver Mountain/Mink Property is approximately 50 metres south of the Silver Mountain Group of deposits which produced 700,000 oz of silver from 1888-1903 and in 1911 (Franklin et al., 1986). The veins in Silver Mountain were up to 1,500 metres in strike length, trending east-west (Franklin et al., 1986). The historical Mink and Silver Wolverine mines fall within the property claims, but little is known about these historical mines and their historical silver production and grade.


Silver Mountain/Mink Property



Mineralization Potential

Honey Badger’s land package hosts 12 past-producing high-grade mines with historic production of over 1.67M oz silver.

The geological history and the overall geological setting of the Thunder Bay Silver Project make it a prime target for the discovery of high-grade polymetallic silver (Cobalt, Gold, Zinc and Lead) mineralization.

Polymetallic silver deposits occur in two main districts in Ontario; that of Timiskaming near the town of Cobalt (the Cobalt Silver District) and that of northwest Lake Superior near the city of Thunder Bay (the Thunder Bay Silver District).

Polymetallic silver mineralization in the Cobalt District formed in a sedimentary sequence capping an Archean basement, and occurred in spatial association with diabase sills emplaced in an extensional setting (see Potter, 2009 for the geological history of the Cobalt District). The Thunder Bay Silver District exhibits the same geological setting and controls. Furthermore, a report filed with the Bureau of Mines in 1913 (REPORT OF THE BUREAU OF MINES VOL. XIX., PART II., The Cobalt-Nickel Arsenides and Silver Deposits of Temiskaming (Cobalt and Adjacent Areas), WILLET G. MILLER, Provincial Geologist, 1913) compared the minerals of the Port Arthur silver mines (Thunder Bay, ON) with those of the Temiskaming veins (Cobalt, ON) and found the following commonalities:

  • Native elements: Native silver, native bismuth, graphite.
  • Arsenates: Cobalt bloom, annabergite.
  • Sulphides: Argentite, zinc blende, galena, pyrite, marcasite, pyrrhotite, chalcopyrite, copper glance.

Also, “The vein filling materials are quartz, barite, calcite, dolomite, rhodochrosite and Fluorite.” (T. Macfarlane, "Am. Inst. M. E.", Vol. VIII. 1S79-80, page 238) 1

The group of properties held or optioned by Honey Badger covers some of the most productive veins of the Thunder Bay Silver District. The geological attributes of the area and the spatial distribution of the polymetallic silver mines, showings and occurrences over approximately 100 kilometres suggest good potential to discover additional high- grade polymetallic silver veins in the region.



2018 and 2019 Exploration Programs

The Company initiated its exploration program in March 2018 and made several promising discoveries:

Grab samples* taken around the 12 historic mines on the property returned up to 1,503 g/t silver and 14.94% zinc.

Drilling identified multiple zones of near-surface, arsenic-free, cobalt mineralization (0.26% cobalt over 10.8 metres in BM-18-004) and high-grade silver mineralization (1,254 g/t silver in BM-18-006).

Grab samples are selective by nature and they may not represent the true mineralization of the prospect.


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Headquarters

2704-401 Bay Street, P.O. Box 4
Toronto, Ontario, M5H 2Y4

914 506 7933

www.honeybadgersilver.com

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