Honey Badger Silver Completes Exploration Program At Plata Silver Project
Honey Badger Silver Completes Exploration
Program At Plata Silver Project
Toronto, Ontario--(Newsfile Corp. - August 24, 2023) -
Honey Badger Silver Inc.
(TSXV: TUF)
("
Honey Badger
" or the "
Company
") is pleased to provide an update on its ongoing exploration work
at its wholly owned Plata Silver Project, Yukon.
The project is located in eastern Yukon, adjacent to
Snowline Gold Corp.'s Rogue Project.
Field work completed this year was undertaken by a crew
contracted from Archer Cathro & Associates (1981) Limited and included prospecting, geological
mapping, and geochemical sampling.
A total of 308 soil and 56 rock chip samples were collected and
are being assayed.
Assay results will be released when they have been received and interpreted.
The
objective of this year's field program was to further define the exploration targets at Plata and to define
drill targets for future testing.
The Company's CEO, Dorian L. (Dusty) Nicol, commented, "We remain very excited about the
exploration potential at our Plata Project.
Our confidence in Plata's potential has been fueled by recent
announcements by Snowline Gold Corp. from their Rogue Project, adjacent to Plata.
Our geologic
mapping this year continues to identify mineralization in a geologic setting similar to Rogue, associated
with structures that provided pathways for mineralizing fluids from intrusions.
We look forward to
receiving the assay results from this season's sampling so that we can interpret them and plan the next
steps of work.
Meanwhile, the field crews have mobilized to our Groundhog and Clear Lake projects."
Multiple new zones of mineralization were observed during the program, associated with previously
identified soil geochemical anomalies.
Mineralization observed comprised sulphides and iron oxides
associated with silicification and quartz-veining.
Field observations will be collated with assay data when
they become available.
This will lead to recommendations for the next phase of work on this project.
The map below shows the location of the Company's Plata Project in relation to Snowline Gold Corp.'s
Rogue Project, where significant gold mineralization is being discovered, including a drill intercept of
553.8 metres of 2.48 g/t Au, beginning from surface (Snowline Gold News Release dated August 3,
2023).
Mineralization at Rogue is associated with Cretaceous-age intrusive rocks that comprise the
Tintina Belt of gold deposits, including the Fort Knox in Alaska and Eagle deposits near Mayo in Yukon.
The geologic setting at Plata is similar, with evidence of intrusive rocks of the same age and fracture and
vein style mineralization.
Figure 1: Plata Silver Project
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3204/178355_8fb5f3b804ea1bef_001full.jpg
Technical information in this news release has been approved by Heather Burrell, P.Geo., a senior
geologist with Archer, Cathro& Associates (1981) Limited, and Qualified Person (QP) for the purpose of
National Instrument 43-101.
About Honey Badger Silver Inc.
Honey Badger Silver is a Canadian silver company based in Toronto, Ontario, that is focused on the
acquisition, development, and integration of accretive transactions of silver ounces. The Company is led
by a highly experienced leadership team with a track record of value creation backed by a skilled
technical team. With significant land holdings in southeast and south-central Yukon, including the Plata
property 180 kms to the east of the Keno Hill silver district, as well as Ontario's historic Thunder Bay
Silver District, Honey Badger Silver is positioning to be a top-tier silver company.
ON BEHALF OF THE BOARD
Dorian L. (Dusty) Nicol, President & CEO
For more information please visit our website
www.honeybadgersilver.com
or contact Ms. Michelle
Savella for Investor Relations |
|
+1 (604) 828-5886
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. Forward-looking information in this news release
includes statements regarding: the structure and anticipated benefits of completing the acquisition of
the Cachinal Project (including historical resource estimate and possible positive effects on cash-
flow); and any other information herein that is not a historical fact may be "forward-looking
information". 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.sedar.com
) 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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