Honey Badger Silver Updates Results from Its 100% Owned Groundhog Project, Yukon; Reports Assays over 2,400 g/t Ag
Honey Badger Silver Updates Results from Its
100% Owned Groundhog Project, Yukon;
Reports Assays over 2,400 g/t Ag
Toronto, Ontario--(Newsfile Corp. - March 23, 2023) -
Honey Badger Silver Inc.
(TSXV: TUF) ("
Honey
Badger
" or the "
Company
") is pleased to report on exploration results from its road accessible, 100%-
owned Groundhog Project ("Groundhog") in south-central Yukon.
The Project is located 50 km south of
Ross River (
Figure 1
) and approximately 25 km west of the former Ketza Mine, which produced over
57,500 ounces of gold and 33,400 ounces of silver
1
from replacement-style manto deposits within a
geologic region known as the Ketza Uplift.
Groundhog hosts numerous mineralized showings with
manto-hosted and fracture-hosted silver-lead-zinc mineralization.
Historical grades range up to 18,120
g/t silver, 85% lead, 23.6% zinc and 5.91 g/t gold, within the Seagull Uplift, a structural environment
similar to, and tectonically linked to, the Ketza Uplift.
Dorian L. (Dusty) Nicol, Chief Operating Officer, states, "Honey Badger would like to thank the
Yukon Government for the Yukon Mineral Exploration Program grant it received to help fund our
2022 program.
We are particularly encouraged by the recognition of manto-style replacement at
Groundhog, which has not been the focus of prior work on the project.
This suggests similarities to
the Ketza Mine -- which I am very familiar with -- and the positive overall results from the 2022
program will be the focus of follow-up work on the project."
Highlights from the 2022 program include:
2,410 g/t silver, 7.8% copper, 0.27% lead and 0.75% zinc over 0.3 m (Cirque Showing).
2,430 g/t silver, 0.71% copper, 21.3% lead and 6.3% zinc over 0.3 m (Cirque Showing).
2,120 g/t silver, 78.6% lead, 0.45% zinc (grab from Foggy Showing).
755 g/t silver, 29.2% lead, 24.7% zinc (grab from Foggy Showing); and,
234 g/t silver, 11.7% lead and 3.2% zinc (grab from Rob #1 Showing).
Groundhog Program Overview:
The 2022 program included the collection of 49 rock samples and 488 soil samples.
Figure 2
illustrates
anomalous silver rock geochemistry, while Figures
3
,
4
and
5
illustrate lead-, silver-, and gold-in-soil
geochemistry.
Three main types of mineralization have been discovered on the Groundhog property: veins and breccia
zones, replacement (manto) mineralization, and stratiform mineralization, as described below.
High-grade, silver-lead-zinc mineralization is hosted in veins and breccia zones that are associated with
northwest-trending, steeply dipping structures, found within the Lucky and Sheep trends, and east- to
northeast-trending shear zones that cut obliquely across primary structures.
Mapping in 2022 showed
that gold mineralization is largely constrained to northeast-trending structures.
Dilatant zones filled by
veins are found along these structural features with localized brecciation suggesting motion continued
along the structures during mineralization.
Replacement mineralization is locally developed where structures hosting vein and breccia zones cut
carbonate host rock.
Minimal effort was made by previous operators to assess the potential for this type
of mineralization; however, prospecting has identified mineralization that resembles replacement style
zones and mantos (JW and Aztek Showings).
Stratiform mineralization occurs as finely banded galena, sphalerite and chalcopyrite hosted within
phyllites and tuffs in the western part of the property.
The stratiform mineralization is found within the
upper plate of the Pass Peak Thrust Fault at two separate showings (Strat and Geo), located on
opposite sides of a valley approximately 1,500 m apart.
Soil sampling on the property in 2022 greatly expanded the area previously covered by soil
geochemistry and returned several significant, coincident, silver-lead-zinc±gold anomalies, some of
which cluster on known showings, while others highlight areas for future work.
Table III- Anomalous Threshold Values for Soil Samples
Element
Weak
Moderate
Strong
Peak
Silver (ppm)
>2 ≤5
>5 ≤10
>10
72.2
Lead (ppm)
>100 ≤200
>200 ≤500
>500
34,200
Zinc (ppm)
>200 ≤500
>500 ≤1000
>1000
13,900
Gold (ppb)
>20 ≤50
>50 ≤100
>100
327
Rock sample preparation and multi-element analyses were carried out at ALS in Whitehorse, Yukon and
North Vancouver, BC, respectively. Each sample was dried, fine crushed to better than 70% passing 2
mm and then a 250 g split was pulverized to better than 85% passing 75 microns. The fine fractions
were analyzed for gold by fire assay fusion and inductively coupled plasma-atomic emission
spectrometry (Au-ICP21) and for 35 other elements using aqua regia digestion followed by inductively
coupled plasma-atomic emission spectrometry (ME-ICP41). Overlimit values were determined for silver,
copper, lead and zinc by four acid digestion and inductively coupled plasma-atomic emission
spectroscopy (Ag-, Cu-, Pb-, Zn-OG62).
Samples that exceeded detection limits using Ag-OG62 were
analyzed using fire assay and gravimetric finish techniques (Ag-GRA21).
A titration method was applied
when lead exceeded 20% (Pb-VOL70).
Soil samples were prepared as described above and analyzed
using Au-ICP21 and ME-ICP41.
Technical information in this news release has been approved by Kelson Willms, P.Geo., a senior
geologist with Archer, Cathro & Associates (1981) Limited and qualified person for the purpose of
National Instrument 43-101.
Reference:
1
-
https://data.geology.gov.yk.ca/Occurrence/13066#InfoTab
About Honey Badger Silver Inc.
Honey Badger Silver is a Canadian Silver company based in Toronto, Ontario 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
Chad Williams, Director, and Non-Executive Chair
For more information, please visit our website
www.honeybadgersilver.com
, or contact
Ms. Michelle Savella for Investor Relations |
| (604) 828-5886
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