Honey Badger Identifies Two New Zones: Inferno and Pimento Containing Silver, Gold, Lead, and Zinc at Plata, Yukon
Honey Badger Identifies Two New Zones:
Inferno and Pimento Containing Silver, Gold,
Lead, and Zinc at Plata, Yukon
Toronto, Ontario--(Newsfile Corp. - November 19, 2025) -
Honey Badger Silver Inc.
(TSXV: TUF)
(OTCQB: HBEIF) ("
Honey Badger
" or the "
Company
") is pleased to announce that the Company has
identified two new silver-gold-lead-zinc zones from the recent soil sampling and prospecting program at
its 100% owned Plata Project in the Yukon: the newly named "Pimento" located northwest of the high-
grade silver- gold Ajo zone, and the "Inferno" zone located near the newly-staked claims.
The Company's Executive Chairman, Chad Williams, commented
: "Plata has exceptional
potential. I have never seen a property in my career with this many different types of mineral occurrences
in such varied geologic settings in so many areas. We've identified a large geochemical anomaly over
the Inferno Zone in conjunction with important field observations like the presence of copper sulfide-
bearing sheeted quartz veins, altered felsic intrusions, and hornfels altered host rock, all of which
suggest the potential for a large silver-gold system. Inferno is another high-priority follow-up area for the
2026 field season. Pimento is yet another new area of silver-gold-lead-zinc mineralization located ~2.3
km northwest of the high-grade silver and gold-bearing Ajo zone. Plata is a truly exceptional property with
tremendous mineral endowment that we are excited to get back to for additional fieldwork and expected
drilling in 2026."
Summary of 2025 Fieldwork
This past summer, Honey Badger completed a large fieldwork program focused on soil sampling and
prospecting at Plata. The goal of the fieldwork program was to collect soil and supplementary grab
samples over several target areas across the large property to identify new silver and gold zones. The
program was successfully completed in late September and included a total of 1,027 soil samples and
115 rock samples. The program culminated in the discovery of several new silver-gold-lead-zinc zones
including Canela (see press release dated Nov 13, 2025) and Pimento as well as the identification of
significant geochemical anomalies over the Inferno zone area coinciding with sheeted quartz veining and
hornfels alteration. Visual observations from the fieldwork combined with the identification of historic
gold-in-soil anomalies also led to staking additional prospective ground in the Inferno zone area.
Figure 1. Regional map of the Plata Project showing the location of the Canela, Pimento, Inferno, and
Ajo zones at Plata relative to other major gold and silver showings in the area. Note: The QP has not
independently verified the Rogue Mineral Resource Estimate (MRE) or drill results quoted in the
image above. The Rogue MRE is not necessarily indicative of mineralization on the property that is
the subject of the disclosure.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3204/275224_9b3afad964efaad7_001full.jpg
Background on Inferno
The Company is pleased to share that soil sampling over the Inferno zone has returned a broad 2.3 km x
1 km antimony anomaly that includes local elevated silver and gold anomalies, hornfels alteration in host
rock, and sheeted veining with copper sulfides (Fig. 2). Antimony is an important pathfinder element that
is often associated with silver and gold deposits. The strongest part of the antimony anomaly coincides
with a broad 1100 m x 400 m gold-in-soil anomaly that includes a ~450 x 200m core of elevated gold
values, which range up to 74 ppb Au in the Inferno zone area (Fig. 2). The broad gold anomaly also
coincides with elevated silver, tellurium, and bismuth values, which are also important pathfinder
elements commonly associated with silver and gold deposits. There are also several soil samples with
anomalous gold values that form a trend along or proximal to the Plata Thrust Fault. The Plata Thrust
Fault is an important structure elsewhere at Plata and is host to the high-grade silver-gold-antimony Ajo
zone (Fig. 3). The Inferno zone area will be a priority follow-up target for prospecting work in 2026. Honey
Badger also completed additional staking to the south of the Inferno zone area this past summer (see
press release dated October 16, 2025), securing highly prospective ground that borders on a significant
2 km long gold-in-soil anomaly (Fig. 3).
Watch this fly-over video
of the newly discovered Inferno zone showing bright yellow sulfide-lenses along
the hillside.
Figure 2. Map of the Inferno Zone area at the Plata Project showing antimony (Sb) values in both soil
and rock samples. Results from the 2025 fieldwork have delineated a ~2.3 km x 1 km zone of
moderate to strongly anomalous antimony values within soil and rock samples. During the field
program, additional ground was staked to the south of the Inferno zone, which will be critical in for
follow-up work to find the source of the broad geochemical anomaly, sheeted quartz veining, and host
rock alteration.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3204/275224_9b3afad964efaad7_002full.jpg
Figure 3. Map of the Inferno Zone area at the Plata Project showing gold values in both soil and rock
samples. Results from the 2025 fieldwork has delineated a ~450m x 200m zone of moderate gold-in-
soil values within a broader 1200 x 400m gold anomaly. During the field program, additional ground
was staked to the south of the Inferno zone, which will be critical in identifying the source of high gold-
in-soil values of up to 0.12 g/t from 2023 soil sampling.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3204/275224_9b3afad964efaad7_003full.jpg
Background on Pimento
In addition to the newly discovered Canela Zone, the Company has also discovered another zone of
silver-gold-lead-zinc mineralization, newly named the Pimento zone. Pimento is located ~2.3 km to the
northwest of the high-grade silver-gold-antimony Ajo zone and comprises newly collected rock samples
spaced ~500 m apart that returned grades of up to 0.15 g/t gold, 44.3 g/t silver, 0.14% lead, and 0.39%
zinc (Fig. 4). The rock samples include both subcrop and float which are interpreted to be locally
sourced. This area has never had any documented work completed on it and represents a brand-new
zone of mineralization on the property, with the closest historic sample being ~600m away. Follow-up
prospecting work will be completed at Pimento in 2026, which will aim to uncover additional Ajo-style
mineralization (Fig. 4).
Figure 4. Map of the newly discovered silver-gold-lead-zinc "Pimento Zone" at the Plata Project
showing silver values in both soil and rock samples. The new mineralized rock samples are
approximately 500m apart along a ridge top approximately 2.3km northwest of the high-grade silver
and gold Ajo Zone. Tarea has been explored (closest historic sample is ~600m away).
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3204/275224_9b3afad964efaad7_004full.jpg
Next Steps
The Company will continue to review the new assay data in conjunction with historical drilling, soil and
grab samples as well as leverage geophysical and structural data over the winter to prepare for follow-up
fieldwork and expected drilling in 2026.
About 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 from small-scale mining of high-grade veins
that are exposed at surface (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.).
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 Mine 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 Rogue and Valley deposits adds the potential for a large gold deposit in
addition to the high-grade silver vein potential.
QAQC
Soil samples were collected using soil augers and placed into labeled kraft paper bags that were tied
shut. Soil pits were dug as deep as possible to achieve collecting material from the lower B and early C
soil horizons. Sample locations were collected using field tablets with built-in GPS.
Rock samples were collected using geotools and rock hammers to break up rock material, which was
then placed by hand into labeled plastic poly bags that were tied shut. Samples were labeled as either
outcrop, subcrop, or float. All sample locations were marked with flagging tape containing the sample ID,
and sampled locations were collected using field tablets with built-in GPS.
Sample preparation and multi-element analyses for rock and soil samples were carried out at ALS
Minerals' laboratories in Whitehorse, Yukon and North Vancouver, BC, respectively.
Each rock sample
was dried and fine crushed to better than 70% passing 2 mm, and then a 250 g split was pulverized to
better than 85% passing 75 microns.
Soil samples were dried to 60C and sieved to <180 um. The fine
fraction was analyzed for 35 elements using aqua regia digestion with ICP-AES finish (ME-ICP41). For
all samples, an additional 30 g charge was further analyzed for gold by fire assay with inductively
coupled plasma and atomic emission spectroscopy finish (Au-ICP21).
Qualified Person
Technical information in this news release has been approved by Benjamin Kuzmich, P. Geo
.
, who is a
Qualified Person (QP) for the purpose of National Instrument 43-101 "Standards of Disclosure for
Mineral Projects".
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 at a grade of 262 g/t silver (and 201.3 million pounds of zinc at a grade of 6% zinc)
Indicated and 13.9 Moz of silver at a grade of 169 g/t silver (and 247.8 million pounds of zinc at a grade
of 4.4% 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 an unclassified historic resource of 5.5 Moz of
silver at a grade of 22 g/t silver and 1.3 billion pounds of zinc at a grade of 7.6% 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-Silver 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.
ON BEHALF OF THE BOARD
Chad Williams, Executive Chairman
Sonya Pekar
Investor Relations
| +1 (647) 498-8244
For more information, please visit our website
www.honeybadgersilver.com
.
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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,
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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.
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