https://www.miningweekly.com
Construction|Exploration|Gold|Mining|Surface|Drilling
Construction|Exploration|Gold|Mining|Surface|Drilling
construction|exploration|gold|mining|surface|drilling

SSR sells early stage NWT exploration asset to Honey Badger

18th October 2023

By: Creamer Media Reporter

     

Font size: - +

Gold miner SSR Mining has agreed to sell its Sunrise Lake property, in the Northwest Territories, to Toronto-based silver company Honey Badger Silver in exchange for a 4% net smelter return (NSR) royalty on the property.

Under the terms of the agreement, at any time until commencement of construction activities, Honey Badger can repurchase 2% of the NSR royalty for $10-million.

Sunrise Lake is an early-stage, greenfield exploration property located 130 km northeast of Yellowknife.

The property hosts silver/gold and base metal mineralisation outlined by 21 774 m of historical surface diamond drilling completed between discovery in 1987 and 1998.

Exploration activities completed on the property to date have focused on silver/lead/zinc volcanogenic massive sulphide mineralisation.

Honey Badger has significant land holdings in south-east and south-central Yukon. The company also owns the past-producing Nanisivik mine in Nunavut.

Edited by Creamer Media Reporter

Comments

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Resources Watch
Resources Watch
2nd May 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.194 0.235s - 108pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: