Honey Badger Announces Summer Plans to Explore Exciting New Silver and Gold Targets at Plata
Honey Badger Announces Summer Plans to
Explore Exciting New Silver and Gold Targets
at Plata
Toronto, Ontario--(Newsfile Corp. - June 12, 2025) -
Honey Badger Silver Inc.
(TSXV: TUF) (OTCQB:
HBEIF) ("
Honey Badger
" or the "
Company
") is pleased to announce that it will be begin exploration
work at Plata on or about June 17, 2025.
The upcoming program will focus on new targets discussed in
a news release dated April 16, 2025 ("
Honey Badger's Work Outlines New High-Grade and Rogue-
Like targets at the Plata Project
").
The Company's Executive Chairman, Chad Williams, commented
,
"We are excited to launch our 2025 exploration program at Plata, which is located immediately west of
Snowline Gold's world-class Rogue gold discovery. We believe that we can extend the strike length of
the high-grade Aho Zone, where historical drilling intersected an impressive 2,827 g/t Ag, 3.65 g/t Au,
2.21% Pb, and 6.17% Zn over 1.6 meters, through targeted prospecting to the east. This field season,
we will rigorously test this high-priority target, alongside the Northwest Target and a magnetic low
anomaly that shows high potential for a 'Snowline-style' gold system. Backed by a $50,000 Yukon
government grant, Honey Badger is poised to prove up Plata's potential as a premier high-grade silver
and gold project, paving the way for another transformative discovery in the Yukon's Tombstone Gold
Belt."
Mineralization and Targets at Plata
Plata is located in east-central Yukon within the Tombstone Gold Belt and is a past producing high-grade
silver property that produced about 290,000 ounces of silver (Ag) from small-scale mining of high-grade
veins that are exposed at surface.
Ore was mined and flown by fixed wing aircraft to Idaho for
processing.
Historical exploration at Plata has primarily focused on the outcropping high-grade silver
veins.
These are analogous to the rich Keno Hill Silver District in the Yukon, one of the highest-grade
silver deposits in the world, now operated by Hecla Mining.
While the analogy to Keno Hill remains valid,
the Company has continued to develop its understanding of Plata as part of a larger "Snowline-style"
mineralized system.
Understanding how Plata might fit into a Reduced Intrusion Related Gold System
(RIRGS) like Snowline Gold's Valley deposit adds the potential for a large gold deposit in addition to the
high-grade silver vein potential.
Three targets will be the focus of the upcoming field program (see Figures 1 and 2, below):
1
.
Potential Snowline-style RIRGS and/or high-grade mineralization in the "Northwest Target".
2
.
Potential extension of the high-grade Aho Zone to the east; potential unrecognized mineralization
along the Plata and Rogue thrust faults.
3
.
Potential for RIRGS mineralization in newly staked claims over the magnetic low anomaly in the
southern part of Plata.
Figure 1 - Property Overview
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3204/255338_figure1.jpg
Figure 2 - Proposed Work Program, Northwest Target and Aho Area
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3204/255338_9632b83884fc9b36_003full.jpg
Northwest Target
This target is in the northwestern part of the Plata property, 8 kilometres southwest of Snowline Gold's
Cujo target, which has returned significant drill intercepts up to 0.11 g/t Au over 407.4 m (Fig. 1).
Importantly, major faults that occur at the Cujo Showing have been interpreted to continue into the
Northwest Target at Plata. Additionally, the stream draining this area yielded highly anomalous Ag
(silver), Pb (lead), Zn (zinc), As (arsenic), and Sb (antimony) stream sediment values during historic
sampling carried out by the Yukon Geological Survey.
Samples were not analyzed for Au (gold) during
that program.
The upcoming exploration program will comprise:
Geologic mapping, prospecting, and geochemical sampling focused on the Ag-Au vein and
RIRGS Au potential in the area.
Follow-up of anomalous silver-in-soil geochemical anomalies in the eastern part of this target area.
These anomalies coincide with a regional structure and may be a target similar to the Plata and
Rogue thrusts.
All samples will be analyzed for Au and Ag as well as pathfinder elements that can be associated
with RIRGS mineralization, including Sb, As, Te (tellurium), and Bi (bismuth).
Aho Area
This is in the central-eastern part of the Plata project.
High-grade silver and gold mineralization occurs
throughout the Aho zone, which has produced drill results up to 2,827 g/t Ag, 3.65 g/t Au, 2.21% Pb, and
6.17% Zn over 1.6 m, and returned high-grade grab samples up to 78.6 g/t Au (Figs. 1 & 2).
The
potential extension of the Aho Zone to the east has never been examined in detail.
The upcoming
program will comprise:
Geologic mapping and prospecting of the eastern extension of the Plata thrust to determine
whether high-grade silver mineralization of the Aho zone extends to the east.
Detailed prospecting and mapping of the Rogue thrust.
Mineral occurrences P6 and P17 (see
map) lie along the Rogue thrust and sheeted veins were discovered parallel to the Rogue thrust
during the Company's 2023 exploration program, indicating the potential for RIRGS mineralization
along the structure, including east of the Aho zone.
Prospecting and mapping will follow up historical (1970s) anomalous silver-in-soil values 1
kilometre southwest of the Plata thrust.
Magnetic Low
The Company's most recent claims at Plata were staked in 2024 to cover a magnetic low anomaly
postulated to represent a shallow intrusion (Fig. 1).
This is a potential host to "Snowline-type" RIRGS
mineralization.
The upcoming program will prospect in the area looking for exposures of the intrusive and
take reconnaissance soil samples to see if there are indications of shallow mineralization.
Yukon Minerals Exploration Program Agreement
The Company has been awarded a grant from the government of the Yukon Territory to help fund the
upcoming exploration program at Plata, under the Yukon Minerals Exploration Program ("YMEP").
Honey Badger will be eligible to receive up to $50,000 from the Yukon Government under YMEP as
reimbursement for up to 50% of incurred exploration costs implementing this program.
Qualified Person
Technical information in this news release has been approved by Dorian L. (Dusty) Nicol (PG,
FAusIMM), a director and technical advisor of the Company, who is a Qualified Person (QP) for the
purpose of National Instrument 43-101.
About Honey Badger Silver Inc.
Honey Badger Silver is a silver company. The company is led by a highly experienced leadership team
with a track record of value creation backed by a skilled technical team. Our projects are located in
areas with a long history of mining, including the Sunrise Lake project with a historic resource of 12.8
Moz of silver (and 201.3 million pounds of zinc) Indicated and 13.9 Moz of silver (and 247.8 million
pounds of zinc) Inferred (1) located in the Northwest Territories and the Plata high grade silver project
located 165 km east of Yukon's prolific Keno Hill and adjacent to Snowline Gold's Rogue discovery. The
Company's Clear Lake Project in the Yukon Territory has a historic resource of 5.5 Moz of silver and 1.3
billion pounds of zinc (2). The Company also has a significant land holding at the Nanisivik Mine Area
located in Nunavut, Canada that produced over 20 Moz of silver between 1976 and 2002 (3). A qualified
person has not done sufficient work to classify the foregoing historical resources as current mineral
resources, and the Company is not treating the estimates as current mineral resources. The historical
resource estimates are provided solely for the purpose as an indication of the volume of mineralization
that could be present. Additional work, including verification drilling / sampling, will be required to verify
any of the historical estimates as a current mineral resources.
(1)
Sunrise Lake 2003 RPA historic resource: Indicated 1.522 million tonnes grading 262 grams/tonne silver, 6.0% zinc, 2.4% lead, 0.08% copper,
and 0.67 grams/tonne gold and Inferred 2.555 million tonnes grading 169 grams/tonne silver, 4.4% zinc, 1.9% lead, 0.07% copper, and 0.51
grams/tonne gold
.
(2)
Clear Lake 2010 SRK historic Resource: Inferred 7.76 million tonnes grading 22 grams/tonne silver, 7.6% zinc, and 1.08% lead.
(3)
Geological Survey of Canada, 2002-C22, "Structural and Stratigraphic Controls on Zn-Pb-Ag Mineralization at the Nanisivik Mississippi Valley
type Deposit, Northern Baffin Island, Nunavut; by Patterson and Powis."
2)
Clear Lake 2010 SRK historic Resource: Inferred 7.76 million tonnes
grading 22 grams/tonne silver, 7.6% zinc, and 1.08% lead.
(4)
Carlson, G.G., 2010, "Technical Report Describing Exploration and Development at the Plata Project, located in the Mayo Mining District, East-
Central Yukon", report prepared for Platoro West Holdings Inc.
ON BEHALF OF THE BOARD
Chad Williams, Executive Chairman
For more information
Sonya Pekar,
Investor Relations
+1 (647) 498-8244
please visit our website
www.honeybadgersilver.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Cautionary Note Regarding Forward-Looking Information
This news release contains "forward-looking information" within the meaning of the applicable
Canadian securities legislation that is based on expectations, estimates, projections and
interpretations as at the date of this news release. Any statement that involves discussions with
respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives,
assumptions, future events or performance (often but not always using phrases such as "expects", or
"does not expect", "is expected", "interpreted", "management's view", "anticipates" or "does not
anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or
variations of such words and phrases or stating that certain actions, events or results "may" or "could",
"would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and
may be forward-looking information and are intended to identify forward-looking information. This
forward-looking information is based on reasonable assumptions and estimates of management of
the Company at the time such assumptions and estimates were made, and involves known and
unknown risks, uncertainties and other factors which may cause the actual results, performance or
achievements of Honey Badger to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking information.
Such factors include, but are not limited to, risks relating to capital and operating costs varying
significantly from estimates; delays in obtaining or failures to obtain required governmental,
environmental or other project approvals; uncertainties relating to the availability and costs of
financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices;
delays in the development of projects; other risks involved in the mineral exploration and
development industry; and those risks set out in the Company's public documents filed on SEDAR+
(
www.sedarplus.ca
) under Honey Badger's issuer profile. Although the Company believes that the
assumptions and factors used in preparing the forward-looking information in this news release are
reasonable, undue reliance should not be placed on such information, which only applies as of the
date of this news release, and no assurance can be given that such events will occur in the disclosed
timeframes or at all. The Company disclaims any intention or obligation to update or revise any
forward-looking information, whether as a result of new information, future events or otherwise, other
than as required by law.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/255338