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Feature article November 12, 2018:

 

Honey Badger possesses a labyrinth of 'five element' veins at its high-grade Silver-Cobalt project, Thunder Bay, Ontario

  

  

Target commodities: Silver, Cobalt, Gold, Zinc & Lead

 

Honey Badger provides Exploration update (Oct. 4, 2018): Honey Badger Discovers Significant Near-Surface Cobalt Mineralization; Results Include 0.26% Cobalt over 10.8 Metres, Including 0.5% Cobalt over 3.9 Metres

 

  

Honey Badger Exploration Inc.

(TSX-V: TUF) (US: HBEIF)

 

Share data, Capitalization, & Corporate info

 

 Shares Outstanding:  ~74 million

 Fully Diluted:  ~100M

 Recently Traded: ~CDN$0.05/share (TSX-V: TUF)

 52 Week High/Low: $0.20/ 0.04

 Current Market Capitalization: ~$3.7 million Canadian

 Corporate Website: www.honeybadgerexp.com

 

TUF.V presents exceptional risk-reward scenario, numerous exploration catalysts coming into play:

 

  • Over 5,000,000 ounces of silver were produced in the region, mostly pre-1900.

  • Exploration to expand on successful H1-2018 1,400m drill program on prime land package with numerous historic high-grade silver mines, some operated with cut-off grades of ~1,000g/t Silver, and has not had modern exploration techniques applied.

  • Multiple 'five element' veins; TUF.V's geological environment is similar to the Cobalt Silver Camp.

  • Experienced management, skilled technical leadership, stable mining-friendly jurisdiction, and excellent infrastructure.

 

   

Valuation Commentary: Honey Badger Exploration Inc. (TSX-V: TUF) (US Listing: HBEIF) is a Canadian-based mining company focused on advancing its 100%-owned recently consolidated flagship Thunder Bay Silver-Cobalt Project in the Lakehead Region of Thunder Bay, Ontario. The inherent value of TUF.V is poised to increase over the near-term as the Company expands on its exploration program on a land package with 12 historic high-grade silver mines (historical production >1.67M oz silver). The Beaver Silver Mine (on TUF.V's claims), for example, is reported to of had historic* production of ~500,000 oz silver, operated with an average grade of 0.2565% (>2,500g/t) silver, some zones graded 3.42% silver (34,200 g/t), and for the most-part has not seen modern exploration techniques applied (*historic non NI-43-101, sources: Szetu-1969 and Ingall-1889). TUF.V's skilled technical team has created a 3D model projecting the mineralized fluid pathways from the known fault breaks proximal the Beaver Silver Mine and on its first drill holes encountered a previously unknown 'Five Element' mineralized vein (see related March 28, 2018 news) -- there were multiple mineralized veins encountered with different orientations which suggests a much larger system than previously recognized.  Additionally, on August 8, 2018 Honey Badger Exploration announced drills intercepted 682 g/t Silver over 2.4m, including 1254 g/t Silver over 1.2m in structure below the known underground developments of the Beaver Mine and on August 16, 2018 Honey Badger Drills 292 g/t Silver over 4.43 metres, including 921 g/t Silver over 1.4 metres and 0.5% Cobalt over 3 metres -- these results are a significant discovery, contrary to some of the previous assumptions on the camp, it proves high-grade silver mineralization does extend at depth. Based on these historic assumptions, all the deeper extensions of the historic mines were never tested, suggesting that multiples opportunities exist on Honey Badger’s Thunder Bay Silver-Cobalt property to discover additional zones of high-grade silver mineralization. All assays from Spring drilling are now in and may be viewed at the August 29, 2018 news release "Honey Badger’s Spring Drill Program Discovers High Grade Silver and Cobalt Outside the Historic Beaver Mine, Thunder Bay, Ontario."

 

'Five Element', polymetallic vein groups have historically been mined in the region for silver, cobalt, nickel, lead and zinc. Important to note is the geology of Honey Badger's Thunder Bay Silver Project is similar to that found at Ontario's other silver district, the Cobalt Silver Camp, one of the most productive silver districts in the world (442 Moz silver).  The main factors influencing Honey Badger Exploration to focus on this Thunder Bay project are 1) proximity to infrastructure, 2) low cost of entry on prime ground, and 3) the highly favorable geology with potential to lead to a discovery comparable with the success of the Cobalt Silver Camp.

 

Honey Badger has confirmed the presence of significant high-grade Cobalt in an October 4, 2018 news release "Honey Badger Discovers Significant Near-Surface Cobalt Mineralization; Results Include 0.26% Cobalt over 10.8 Metres, Including 0.5% Cobalt over 3.9 Metres" the Company provided results for its 2018 sampling program;

Highlights of the complete 2018 sampling program*

  • Discovery of a near-surface zone of arsenic-free cobalt mineralization at the contact between a large diabase sill capping the historic Beaver Mine and the Rove shale (Figure 1):
  • BM-18-004
    • Discovery of 0.38% cobalt over 3.3 metres including 0.52% cobalt over 1.5 metres
    • Updated intersection is 0.26% cobalt over 10.8 metres including 0.5% cobalt over 3.9 metres and 0.52% cobalt over 1.5 metres;
  • BM-18-006
    • Discovery of 0.34% cobalt over 2.19 metres including 0.61% cobalt over 1.1 metres
    • Updated intersection is 0.18% cobalt over 8.19 metres including 0.53% cobalt over 2.6 metres;

Previously announced results

  • Discovery of a near-surface zone of arsenic-free cobalt mineralization in the Rove shale;
    • 0.085% cobalt over 24.1 metres in BM-18-002 including 0.83% cobalt over 1.7 metres;
    • 0.28% cobalt over 4.6 metres and 0.28% cobalt over 2.1 metres in BM-18-003;
  • Discovery of high-grade silver (“Ag”) mineralization over a possible strike length of 45 metres beyond the historic Beaver Mine workings (Figure 2):
    • 292 g/t silver over 4.43 metres including 921 g/t silver over 1.4 metres in BM-18-004;
    • 682 g/t silver over 2.4 metres including 1254 g/t silver over 1.2 metres in BM-18-006.

 

Other related news releases regarding cobalt include: July 26, 2018 news "Honey Badger Discovers High-Grade Cobalt at its Thunder Bay Silver Camp, Drills 0.085% Cobalt over 24.1 Metres, including 0.83% Cobalt over 1.7 Metres" and on the August 16, 2018 the Company announced results that included 0.5% Cobalt over 3 metres. Cobalt is a critical commodity -- Cobalt is a prominent precious metal due to increased global demand for the element as the transportation industry evolves, on the cusp of massive disruption. Demand is mounting at a significant rate because of technological advancements that require Cobalt for energy powering and efficiency; Cobalt-containing lithium-ion batteries have high energy density, which means they are able to store large amounts of energy in a small area. This makes the batteries lightweight and helps EVs maximize driving range. Cobalt is crucial in improving the longevity and safety of lithium-ion batteries.

 

TUF.V currently has a market cap of ~$4.5 million (~74 million shares outstanding recently trading at $0.06/share). The risk-reward characteristics for establishing a long position in TUF.V at this level are exceptional. The H1 exploration program was a success and only just the begining; Airborne magnetics on the Beaver Silver Property identified numerous targets that exhibit the same response as Honey Badger's new March 28, 2018 “Five-element” vein found proximal the historic Beaver Mine - corroborating >2 km new potential over fault structures.

 

 

Figure 1. (above) - Location map of TUF.V's three Thunder Bay Silver Project properties (with inset of images of historic mining structures) -  Seen are TUF.V's original 3 properties; 1) the Beaver Property, 2) Silver Mountain Property, and 3) Mink property -- totaling 66.94 sq.km (6,694 Ha). The stars denote the location of high-grade historic silver mines. The lower image seen above is from 1892 in front of the mine office in Thunder Bay, silver bars are stacked on the sidewalk (*historic predates NI43-101). Honey Badger Exploration Inc. has since added tothe surrounding land package and has >30,000 hectares.

 

Honey Badger Exploration is also expanding its land footprint in the area, announcing on July 19, 2018 that it has optioned (interest to earn 100%) of yet another polymetallic Silver, Gold, Zinc, Lead, and Cobalt property in the historical Thunder Bay silver district -- this new one covers some of the most productive silver-bearing veins of the Rabbit Mountain group of deposits including the past-producing high-grade Beaver Silver Mine.

 

One of the best places to find a great deposit is near a successful past mine:

 

The Beaver Silver Mine (on TUF.V claims) had historic production of 500,000 oz silver (operated between 1884 and 1891), average grade of 0.2565% silver (Szetu, 1969) with zones grading 3.42% silver (34,200 g/t) (Ingall, 1889), historic drilling of 1239 g/t silver over 1 m (AFRI 52A05SE0027).

 
The Silver Mountain Mines (1 km North of TUF.V claims) had historic production of 700,000 oz silver (from 1888-1903 and in 1911), silver-bearing veins traced over 1,500 m in strike length, trending east-west (Franklin et al., 1986).

  

The first silver discoveries in Ontario occurred in this region in the 1840's, with earliest discoveries nearest the shores of Lake Superior. Area operations targeted extremely high-grade silver at intersections of favourable structure, except back then there was no modern exploration and no established claim system so there was also no large-scale exploration or understanding of systems. Historic operations were developed by drifting and were never tested for other metals. Historical records show cut-off grades for mining at some operations were set at 1,000 g/t. Mining activities stopped with falling silver price in late 1890's, then with the discovery of the Cobalt Silver District in 1903 attention was diverted away from the Thunder Bay area and there has been no meaningful exploration since. Over 5,000,000 ounces of silver were produced in the region, mostly pre-1900, well before the advent of modern exploration techniques and mining practices. Honey Badger is an early mover in consolidating key ground in this historic silver camp that has strong potential for polymetallic mineralization.

 

 

Figure 2a&b. (above) - LARGE UNTAPPED POTENTIAL - Location map and regional geology - The geological history and the overall geological setting of the Thunder Bay Polymetallic Silver Project make it a prime target for the discovery of high-grade polymetallic silver, gold, zinc, lead, and cobalt mineralization. The two main vein belts in the Lakehead Region, the Mainland and Island vein group belts are the source of a numerous past-producing* high-grade silver mines in the district. ~1.1 billion years ago the mid continental rift saw the earths mantel push up and stress the crust, causing it to split -- diabase intrusions act as channel for heat transfer towards the surface, and the heat drives large hydrothermal cells which form mineralization that can be found today. Besides Silver, historic grades from the Mainland Vein group include up to 1.4% cobalt and 25% nickel (historic assay results from Geological Survey of Canada Report, 1889).

 

The group of properties held or optioned by Honey Badger covers some of the most productive veins of the Thunder Bay Silver District. The geological attributes of the area and the spatial distribution of the polymetallic silver mines, showings and occurrences over approximately 100 kilometres suggest a good potential to discover additional high- grade polymetallic silver veins in the region.

 

Fig. 3b (below) Beaver Property - Major breaks intersect.

Figure 3a (above) - Cross-sectional profile of Beaver Property showing mineralized faults. Those faults are where the fluids are going to be circulating, and where you get intersections of faults at different directions (not shown on this figure), that is where you get good high-grade mineralization.

 

Honey Badger Exploration Inc. controls >5km over one of the main breaks at the Beaver Property, so any favourable intersection along that break is favourable to high-grade silver mineralization -- it just needs to be explored, which has never been done before. The system is believed large and ripe with potential for major discovery.

 

Search of historic data yields high-grade silver results at Beaver: The following is an example of channel samples taken on the floor of the Beaver Mine and highlight the high-grade potential of the silver veins in the area:

 

Level Easting (m) Northing (m) Elevation (m) Silver (Oz/t)
5 304508.35 5354828.84 298.98 105.2
5 304513.70 5354811.76 298.92 1.14
6 304500.30 5354844.49 269.79 202.4
6 304558.43 5354758.46 270.16 60
6 304580.29 5354737.59 269.79 78
6 304479.00 5354875.12 269.65 11.36
7 304474.95 5354881.76 250.87 1.02
7 304474.95 5354881.76 250.87 1.4
7 304505.88 5354831.39 251.00 3.28
7 304529.43 5354814.35 250.81

1.26

Table 1 (above) - May,1960 (Allan Grant – Stope Survey) channel samples - taken across the exposed mineralized veins still in place at approximate 1 metre intervals and assayed for silver only.

 

The above numbers are impressive; 105.2 Oz/t = 3,272 g/t, 202.4 Oz/t = 6,295 g/t.

 

H1-2018 Exploration Efforts

 

Honey Badger's three properties host large diabase sills and important regional faults. The exploration model focuses on untested faults and the deeper/lateral extension of known mineralized faults on the properties.

 

Completed: Airborne geophysics were, field-based short-wave infrared surveys, geochemical surveys, and there was a ~1,400m drill program -- results are summarized in the August 29, 2018 news release "Honey Badger’s Spring Drill Program Discovers High Grade Silver and Cobalt Outside the Historic Beaver Mine, Thunder Bay, Ontario".

 

HONEY BADGER DISCOVERIES – March 2018 DRILLING

See related March 28, 2018 news "Honey Badger Discovers New “Five-Element” Vein Early in Drill Campaign, Thunder Bay Silver Project".

 

- New mineralized vein next to the Historic Beaver Mine.
 

- 2 holes intercept a quartz-amethyst-calcite vein with visible disseminated pyrite, galena, sphalerite and chalcopyrite.
 

- Vein >7 metres in length (core length) and at an angle to the known Beaver Mine Vein.

 
- Potential for larger system than initially anticipated.

 

- Current 1,500 m drill program testing structural traps where the likelihood of finding polymetallic silver mineralization is the highest.

Fig. 3c (below) Beaver Silver Mine shown with location of first two (March 2018) drill holes from TUF.V

 

 

An overview of select Honey Badger discoveries from 2018 are listed below:

See related April 19, 2018 news "Honey Badger Confirms High-Grade Silver (953 g/t) and Zinc (14.94%) from Grab Samples at its Thunder Bay Silver Camp".

 

Assay results from surface sampling have returned silver values of up to 953 g/t and zinc values of up to 14.94%. The results from the prospecting we conducted on our properties in early March confirm that high-grade silver mineralization extends over at least 2.5 km along the regional structure interpreted to control silver mineralization at the historical Beaver Mine.

Fig. 3d (below) Location of grab samples on Beaver claims:

Excerpt of October 4, 2018 news release from Honey Badger:

 

Honey Badger Discovers Significant Near-Surface Cobalt Mineralization; Results Include 0.26% Cobalt over 10.8 Metres, Including 0.5% Cobalt over 3.9 Metres

 

TORONTO, Oct. 04, 2018 (GLOBE NEWSWIRE) -- Honey Badger Exploration Inc. (TSX-V: TUF) (“Honey Badger” or the “Company”) has received assay results from the complete sampling of its Spring 2018 drilling program at its Thunder Bay Silver-Cobalt Project. Additional sampling was initiated when cobalt was discovered in the Rove shale.

Highlights of the complete 2018 sampling program*

  • Discovery of a near-surface zone of arsenic-free cobalt mineralization at the contact between a large diabase sill capping the historic Beaver Mine and the Rove shale (Figure 1):

  • Schematic long section of cobalt and silver mineralization intersected near the Beaver Mine
  • BM-18-004
    • Discovery of 0.38% cobalt over 3.3 metres including 0.52% cobalt over 1.5 metres
    • Updated intersection is 0.26% cobalt over 10.8 metres including 0.5% cobalt over 3.9 metres and 0.52% cobalt over 1.5 metres;
  • BM-18-006
    • Discovery of 0.34% cobalt over 2.19 metres including 0.61% cobalt over 1.1 metres
    • Updated intersection is 0.18% cobalt over 8.19 metres including 0.53% cobalt over 2.6 metres;

Previously announced results

  • Discovery of a near-surface zone of arsenic-free cobalt mineralization in the Rove shale;
    • 0.085% cobalt over 24.1 metres in BM-18-002 including 0.83% cobalt over 1.7 metres;
    • 0.28% cobalt over 4.6 metres and 0.28% cobalt over 2.1 metres in BM-18-003;
  • Discovery of high-grade silver (“Ag”) mineralization over a possible strike length of 45 metres beyond the historic Beaver Mine workings (Figure 2):
    • 292 g/t silver over 4.43 metres including 921 g/t silver over 1.4 metres in BM-18-004;
    • 682 g/t silver over 2.4 metres including 1254 g/t silver over 1.2 metres in BM-18-006.

*Intersections are presented as core length. As it represents a discovery, no true width estimations are currently available for the cobalt mineralization zone. Additional drilling will be required to constrain the true width of the zone.

Quentin Yarie, Honey Badger’s President and CEO commented: “The results of our Spring 2018 drill program indicate that near-surface, arsenic-free cobalt mineralization is located at the contact between a large diabase sill that caps the Beaver Mine and the Rove Shale unit. Results, including 0.085% cobalt over 24.1m, are also well above the cut-off grade of 0.03% cobalt used to constrain First Cobalt’s recently released inferred resource (September 26, 2018) – First Cobalt Corp. Our next exploration program will target this newly discovered zone of cobalt mineralization at the diabase-shale contact to better understand its extension.

Table 1. Highlights of cobalt assay results for the 2018 drilling program (Figure 2)

Hole From (m) To (m) Length 
(m)*
Co (%) Zone
BM-18-002 115 139.1 24.1 0.085 Cobalt discovery in the 
Rove Shale
Including
115 116.5 1.5 0.2
122.6 124.3 1.7 0.83
137.5 139.1 1.6 0.25
BM-18-003 70.2 74.8 4.6 0.28
Including
70.2 73.3 3.1 0.36
96 97.1 1.1 0.2
103.6 105.7 2.1 0.28
BM-18-004 14.93 25.73 10.8 0.26 Cobalt discovery at the 
Diabase-shale contact
Including
19.93 19.43 1.5 0.52
20.33 2.23 3.9 0.50
BM-18-005 6.56 16.23 9.67 0.042
BM-18-006 9.7 17.89 8.19 0.18
Including
15.29 17.89 2.6 0.53

*Intersection are presented as core length. As it represents a discovery, no true width estimation is currently available for the cobalt mineralization zones. Additional drilling is required to constrain the true width of the zones.

Figure 2: Location of drill holes with significant cobalt mineralization

Table 2 - Highlights of copper, silver and zinc assay results for the 2018 drilling program

Hole From (m) To (m) Length 
(m)*
Cu 
(%)
Zn 
(%)
Ag (g/t) Zone
BM-18-002 124.2 126.4 2.2     65 Beaver Mine 
Cobalt 
Discovery
113.5 115 1.5 0.92    
BM-18-004 147.43 151.86 4.43     292
Including
150.46 151.86 1.4     921
109.13 116.86 7.73   0.27  
Including
112.86 113.86 1   0.96  
BM-18-005 139.36 142.65 3.29   0.091 57.7
BM-18-006 168 170.4 2.4   0.16 682
Including
169.2 170.4 1.2   0.28 1254

Cobalt-Silver mineralization at Honey Badger’s Thunder Bay Silver Project
The results from the infill sampling show that the zones of significant cobalt mineralization are preferentially formed along favourable geological contacts, are devoid of large veins, and have no diagnostic visual indicators.

At the district scale, zones of silver and cobalt mineralization appear to be distributed along regional ENE and WNW fault systems and Honey Badger’s 2018 exploration program to date has identified that significant cobalt and silver mineralization can occur in all the geological units of the area. Proximal to the historic mines, the metals seem to be either be distributed along favourable geological contacts, or in veins.

Current exploration program on the Thunder Bay Silver Project
Honey Badger’s 2018 work has shown that only systematic sampling of all geological units, combined with multi-element analyses, can identify zones of mineralization. To date, the Company’s thorough approach has resulted in the discovery of significant zones of silver and cobalt mineralization and the Company is confident that its approach will lead to further discoveries as it advances exploration at its Thunder Bay Silver-Cobalt Project.

Based on the results to date, the Company will initiate a follow-up drilling program once permits are received. The main targets of the exploration program will be the zones of high-grade silver mineralization discovered below the workings of the Beaver Mine and the zone of cobalt mineralization at the diabase-shale contact. Additional targets with favourable geological, geochemical and geophysical attributes may also be tested.

About Honey Badger’s Thunder Bay Silver Project
Honey Badger’s Thunder Bay Silver Camp is comprised of the Beaver Silver, Silver Mountain, and Mink Mountain Silver properties, covers more than 37,850 hectares and includes twelve past-producing high-grade mines with historical production of more than 1.67M oz silver.  The project is located on the Lakehead Region, 25 to 70 kilometres southwest of Thunder Bay, Ontario. It is easily accessible and close to infrastructure.

There are two main polymetallic vein groups in the Lakehead Region - the Mainland and Island vein groups that were historically mined for silver, cobalt, copper, nickel, lead and zinc. Some of the veins also produced gold. The Island Vein group produced a total of 3,188,297 oz silver with most of that production coming from the Silver Islet Mine. The Mainland Group of silver veins produced 1,991,314 oz silver. The polymetallic silver veins in the region are most often found hosted in sediments, most notably the upper Rove Unit, near or within diabase intrusions. This geological setting parallels the other major silver district in Ontario - the Cobalt Silver District. 

Honey Badger is the early mover in consolidating key ground in this historic silver camp that has strong potential for polymetallic mineralization.  The Company initiated its exploration program on its Thunder Bay Silver Project in March 2018 and has already made several promising discoveries.

Figure 1. Schematic long section of cobalt and silver mineralization intersected near the Beaver Mine

Figure 2. Location of drill holes with significant cobalt mineralization

...click here for full copy from source

 

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Excerpt of August 29, 2018 news release from Honey Badger:

 

Honey Badger’s Spring Drill Program Discovers High Grade Silver and Cobalt Outside the Historic Beaver Mine, Thunder Bay, Ontario

TORONTO, Aug. 29, 2018 (GLOBE NEWSWIRE) -- Honey Badger Exploration Inc. (TSX-V: TUF) (“Honey Badger” or the “Company”) has received all the initial assay results from its Spring 2018 drilling program at its Thunder Bay Cobalt-Silver Project.  The program totaled 1,525 metres and was the first ever to target the Beaver Mine from surface. The program successfully achieved its two main objectives; (i) proving that silver mineralization extends beyond the historic mine workings; and (ii) identifying that other minerals of economic importance, such as cobalt, exist in the system.

In July 2018, following the discovery of cobalt and silver in previously unsampled lithologies, Honey Badger resampled 206 metres of drill core from the Spring 2018 drilling program. Assay results from the follow-up sampling are expected within the next 8 weeks.

Highlights

  • Discovery of multiple zones of near-surface cobalt (“Co”) mineralization (so far devoid of arsenic) over a surface footprint of more than 225 metres (Refer to Figure 1):
    • 0.085% Co over 24.1 metres in BM-18-002 including 0.83% Co over 1.7 metres;
    • 0.2% Co over 4.6 metres and 0.22% Co over 2.1 metres in BM-18-003;
    • 0.5% Co over 3 metres in BM-18-004 (initial result*); and
    • 0.47% Co over 1.5 metres in BM-18-006 (initial result*);

    Figure 1. Plan map of cobalt drill results

  • Discovery of high-grade silver (“Ag”) mineralization over a possible strike length of 45 metres beyond the historic Beaver Mine workings (Refer to Figure 2):
    • 292 g/t Ag over 4.43 metres including 921 g/t Ag over 1.4 metres in BM-18-004; and
    • 682 g/t Ag over 2.4 metres including 1254 g/t Ag over 1.2 metres in BM-18-006.
  • Results suggest there is potential for the discovery of shallow high-grade silver mineralization in the vicinity of the other historic mines in the district; and
  • Cobalt mineralization is also possible in the vicinity of the historic silver mines on Honey Badger’s extensive land package.

Figure 2. Plan map of silver drill results

*Initial results indicate that the initial sampling ended in mineralization and that Honey Badger’s follow-up sampling completed in July 2018 could discover additional mineralization.

Quentin Yarie, Honey Badger’s President and CEO commented: “With this initial drill program, we focused on a very small area of our overall land package and already discovered impressive zones of cobalt and silver mineralization. Our results to date confirm the potential of our Thunder Bay Project. We anticipate that diamond drilling near the historic mines and the favourable structures on our property, combined with a systematic sampling of all the geological units, will likely result in the discovery of additional zones of silver and cobalt mineralization. Our Fall 2018 exploration program will be focused on discovering new zones of mineralization and expanding the zones of cobalt and silver mineralization we have just discovered.”

Table 1. Assay result highlights from the Spring 2018 drilling program*

Hole From (m) To (m) Length (m)* Co (%) Zone
BM-18-002 115 139.1 24.1 0.085 Beaver Mine Cobalt Discovery
Including
115 116.5 1.5 0.2
122.6 124.3 1.7 0.83
137.5 139.1 1.6 0.25
BM-18-003 70.2 74.8 4.6 0.28
Including
70.2 73.3 3.1 0.36
96 97.1 1.1 0.2
103.6 105.7 2.1 0.28
BM-18-004 21.23 25.73 4.5 0.35
Including
21.23 24.23 3.0 0.5
BM-18-006 16.39 17.89 1.5 0.47
154.17 155.56 1.39 0.049  

*Intersection are presented as core length. As it represents a discovery, no true width estimation is currently available for the cobalt mineralization zones. Additional drilling is required to constrain the true width of the zones.

Table 2 - Assays results highlights for copper, silver and zinc from the Spring 2018 drilling program

Hole From (m) To (m) Length (m)* Cu (%) Zn (%) Ag (g/t) Zone
BM-18-002 124.2 126.4 2.2     65 Beaver Mine Cobalt Discovery
113.5 115 1.5 0.92    
BM-18-004 147.43 151.86 4.43     292
Including
150.46 151.86 1.4     921
109.13 116.86 7.73   0.27  
Including
112.86 113.86 1.0   0.96  
BM-18-005 139.36 142.65 3.29   0.091 57.7
BM-18-006 168 170.4 2.4   0.16 682
Including
169.2 170.4 1.2   0.28 1254

*Intersection are presented as core length. As it represents a discovery, no true width estimation are currently available for the mineralization zones. Additional drilling is required to constrain the true width of 
the zones.

Cobalt-Silver mineralization at Honey Badger’s Thunder Bay Cobalt-Silver Project
Honey Badger’s Spring 2018 diamond drilling program indicates that cobalt and silver mineralization may be present in all the geological units of the area. On the district scale, the zones of silver and cobalt mineralization likely follow the main ENE and WNW fault systems in the area. However, within the mineralization of the historic mines, the metals can either be distributed along favourable geological contacts or in veins.

Zones of metal enrichments formed along favourable geological contacts, outside of veins, are not associated with strong visual indicators. Honey Badger’s 2018 drilling program showed that only systematic sampling of the geological units, combined with multi-element analyses, can identify these zones of mineralization. Since the Beaver Mine closure in 1893, Honey Badger is the first operator to systematically drill from surface the main structures near the mine, sample all the geological units along drill holes, and use multi-element analyses to test the core. Honey Badger’s thorough approach has resulted in the discovery of zones of silver and cobalt mineralization and the Company is confident that its approach will lead to further discoveries as it advances exploration at its Thunder Bay Cobalt-Silver Project. 

Current exploration program on the Thunder Bay Cobalt-Silver Project
As announced recently, Honey Badger is completing a systematic surface sampling program around the twelve historic silver mines at its Thunder Bay property to identify potential new zones of silver and/or cobalt mineralization.  

About Honey Badger’s Thunder Bay Cobalt-Silver Project
Honey Badger’s Thunder Bay Silver Project is comprised of the Beaver Silver, Silver Mountain, and Mink Mountain Silver properties, covers more than 37,850 hectares and includes twelve past-producing high-grade mines with historical production of more than 1.67M oz silver. The project is located on the Lakehead Region, 25 to 70 kilometres southwest of Thunder Bay, Ontario. It is easily accessible and close to infrastructure.

There are two main polymetallic vein groups in the Lakehead Region, the Mainland and Island vein groups, that were historically mined for silver, cobalt, copper, nickel, lead and zinc. Some of the veins also produced gold. The Island Vein group produced a total of 3,188,297 oz silver with most of that production coming from the Silver Islet Mine. The Mainland Group of silver veins produced 1,991,314 oz silver. The polymetallic silver veins in the region are most often found hosted in sediments, most notably the upper Rove Unit, near or within diabase intrusions. This geological setting parallels the other major silver district in Ontario, the Cobalt Silver District.

Honey Badger is the early mover in consolidating key ground in this historic silver camp that has strong potential for polymetallic mineralization.  The Company initiated its exploration program in March 2018 and has made several discoveries. Based on the excellent results to date, the Company is finalizing its fall exploration program and will initiate a follow-up drilling program once permits are received

...click here for full copy from source

 

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Excerpt of August 16, 2018 news release from Honey Badger:

  

Honey Badger Drills 292 g/t Silver over 4.43 metres, including 921 g/t Silver over 1.4 metres and 0.5% Cobalt over 3 metres

TORONTO, Aug. 16, 2018 (GLOBE NEWSWIRE) -- Honey Badger Exploration Inc. (TSX-V: TUF) (“Honey Badger” or the “Company”) announces partial results from drill hole BN-18-004 from its Thunder Bay Silver Cobalt Camp. Please note, drill results are being released as received – resulting in partial assays being available for the hole.  The drill hole was targeting the Beaver Mine structure below the known underground workings of the mine.  Assays are pending for holes BM-18-01A, BM-18-05, BM-18-07 and BM-18-08, as well as remaining partial assay results for holes BM-18-002, BM-18-003, BM-18-004 and BM-18-006.  Partial assays in this case refer to spatial location – not mineral content.

Drilling Highlights:

  • Drilling program indicates that high-grade silver mineralization extends below the lower-most level of the Beaver Mine;
  • Hole BM-18-004 (Figure 1) contains 292 g/t silver (“Ag”) over 4.43 metres(“m”), including 921 g/t Ag over 1.4m.
  • Hole BM-18-004 (Figure 1) contains 0.35% cobalt (“Co”) over 4.5m, including 0.50% Co over 3m.

Quentin Yarie, Honey Badger’s President and CEO, commented: “As results from our spring drill program become available we continue to modify our interpretation of the both the silver and cobalt mineralization.  As an example, the cobalt mineralization in this hole occurs at the first sample taken at 21m – we have now sampled and submitted the first 20m for assaying.  We are conducting and planning additional exploration in Thunder Bay as we wait for exploration permits for the property.”

Table 1. Assay result highlights from the 2018 drilling program*

Hole From (m) To (m) Length 
(m)*
Co
(%)
Ag 
(g/t)
Zone
BM-18-004

 

 
147.43 151.86 4.43   292 Beaver Mine 
Extension
Including
150.46 151.86 1.40   921
21.23 25.73 4.50 0.35   Beaver Mine 
Cobalt 
Discovery
    Including    
21.23 24.23 3.00 0.50  

*Intersection are presented as core length. As it represents a discovery, no true width estimation is currently available for the silver mineralization zone. Additional drilling is required to constrain the true width of the zone.

Current exploration activity on the Thunder Bay Cobalt-Silver Camp
Following the discovery of high-grade cobalt mineralization in the sedimentary sequence, Honey Badger has completed an extensive re-sampling and re-logging program of drill core from the 2018 drilling program.

About Honey Badger’s Thunder Bay Cobalt-Silver Camp
Honey Badger’s Thunder Bay Cobalt-Silver Camp is comprised of the Beaver Silver, Silver Mountain, and Mink Mountain Silver properties which covers more than 37,850 hectares and includes twelve past-producing high-grade mines with historical production of more than 1.67M oz silver.  The project is located on the Lakehead Region, 25 to 70 kilometres southwest of Thunder Bay, Ontario. It is easily accessible and close to infrastructure.

Honey Badger is the early mover in consolidating key ground in this historic silver camp that has strong potential for polymetallic mineralization.  The Company initiated its exploration program in March 2018 and has made several discoveries:

  • Geophysics and drilling uncovered >2 km “Five-element” vein (polymetallic veins that can contain, amongst others, silver, cobalt, copper, nickel, lead and zinc) at the Beaver Mine; and  
  • Airborne geophysics identified numerous targets on the project’s land package that exhibit the same response as the historic Beaver Mine “Five-element” vein.

On-site Quality Assurance/Quality Control (“QA/QC”) Measures
Grab samples were transported in security-sealed bags for analyses to Activation Laboratories Ltd. in Thunder Bay, Ontario. Individual samples are labeled, placed in plastic sample bags and sealed. Groups of samples are then placed into durable rice bags that were delivered by Honey Badger to the lab in Thunder Bay. The remaining coarse reject portions of the samples remain in storage if further work or verification is needed.

Qualified Person
Quentin Yarie, P Geo. is the qualified person responsible for preparing, supervising and approving the scientific and technical content of this news release.

About Honey Badger Exploration Inc.
Honey Badger Exploration is a gold and base-metals exploration company headquartered in Toronto, Ontario, Canada with properties in Quebec and Ontario. The Company’s common shares trade on the TSX Venture Exchange under the symbol “TUF”.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This News Release contains forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “potential” or “continue” or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

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. 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.

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/6165efc0-3d49-4b76-ae9e-e0c01c542c97

For more information, please visit our website at http://www.honeybadgerexp.com.

Or contact:
Quentin Yarie, President & CEO, (416) 364-7029, 
or
Mia Boiridy, Investor Relations, (416) 364-7029,

 

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Excerpt of August 8, 2018 news release from Honey Badger:

  

Honey Badger Drills 682 g/t Silver over 2.4m, including 1254 g/t Silver over 1.2m

TORONTO, Aug. 08, 2018 (GLOBE NEWSWIRE) -- Honey Badger Exploration Inc. (TSX-V: TUF) (“Honey Badger” or the “Company”) announces partial results from one drill hole completed as part of its spring 2018 drilling program in the Thunder Bay Cobalt-Silver Camp. The drill hole was targeting the Beaver Mine structure below the known underground developments of the mine.  Partial assay results have been received and reported for holes BM-18-002, BM-18-003 and BM-18-006.  Assays are pending for holes BM-18-01A, BM-18-04, BM-18-05, BM-18-07 and BM-18- 08.

Drilling Highlights:

  • Drilling program indicates that high-grade silver mineralization extends below the lower-most level of the Beaver Mine; and
  • Hole BM-18-006 (Figure 1) contains 682 g/t silver (“Ag”) over 2.4 metres (“m”), including 1254 g/t Ag over 1.2m.

Quentin Yarie, Honey Badger’s President and CEO commented: “The discovery of high-grade silver mineralization below the lowermost level of the Beaver Mine is very exciting as it suggests, contrary to some of the previous assumptions on the camp, that high-grade silver mineralization extends at depth. Based on these historic assumptions, all the deeper extensions of the historic mines were never tested, suggesting that multiples opportunities exist on Honey Badger’s Thunder Bay Silver-Cobalt property to discover additional zones of high-grade silver mineralization.”

Table 1. Assay result highlights from the 2018 drilling program*

Hole From (m) To (m) Length (m)* Zn (%) Ag 
(g/t)
Zone
BM-18-006 168.0 170.4 2.4 0.16 682 Beaver Mine Extension
  Including
  169.2 170.4 1.2 0.28 1254

*Intersection are presented as core length. As it represents a discovery, no true width estimation is currently available for the silver mineralization zone. Additional drilling is required to constrain the true width of the zone.

Silver mineralization in the Thunder Bay Cobalt-Silver Camp
The Company’s spring 2018 diamond drilling program was targeting the extensions of the structure hosting the historic Beaver Mine, which closed in 1892. Honey Badger’s drilling successfully intersected the structure controlling mineralization in the Beaver Mine. Hole BM-18-006 intersected high-grade silver mineralization 16m below the lowermost level of the historic Beaver Mine, suggesting that high-grade silver mineralization extends to depth. Before the Company’s 2018 diamond drilling program, the structure hosting the historic Beaver Mine was never tested below the historic mine workings, opening a large area for additional exploration in a structure known to host zones of very high-grade silver mineralization. This is exemplified by the estimated grade of 2565 g/t Ag for the mined material in the Beaver Mine (Szetu, 1969).

Current exploration activity on the Thunder Bay Cobalt-Silver Camp
Following the discovery of high-grade but previously cryptic cobalt mineralization in the sedimentary sequence, Honey Badger is actively working on an extensive re-sampling and re-logging program of drill core from the 2018 drilling program. This sampling will help to define the spatial footprint of the discovered cobalt mineralization which, unlike the silver-bearing veins, is not associated with diagnostic visual indicators however a geochemical signature exists. In parallel to the sampling program, Honey Badger is also conducting a surface sampling program around the known mines of the its Thunder Bay property to identify potential new zones of silver and/or cobalt mineralization.

To clarify what constitutes high-grade cobalt mineralization, please refer to the table below that exemplifies Honey Badger’s intersection of 0.83% Co over 1.7m in equivalence of different metals. All the metal prices were taken at spot price on August 7th, 2018 on the London Metal Exchange and Kitco websites.

Table 2 – Metal equivalences to cobalt grade

Metal Unit Grade
Co wt. % 0.83
AgEq g/t 981
AuEq g/t 12.5
CuEq wt. % 8.0
ZnEq wt. % 18.8

About Honey Badger’s Thunder Bay Cobalt-Silver Camp

Honey Badger’s Thunder Bay Cobalt-Silver Camp is comprised of the Beaver Silver, Silver Mountain, and Mink Mountain Silver properties which covers more than 36,000 hectares and includes twelve past-producing high-grade mines with historical production of more than 1.67M oz silver.  The project is located on the Lakehead Region, 25 to 70 kilometres southwest of Thunder Bay, Ontario. It is easily accessible and close to infrastructure.

There are two main polymetallic vein groups in the Lakehead Region - the Mainland and Island vein groups that were historically mined for silver, cobalt, copper, nickel, lead and zinc. Some of the veins also produced gold. The Island Vein group produced a total of 3,188,297 oz silver with most of that production coming from the Silver Islet Mine. The Mainland Group of silver veins produced 1,991,314 oz silver. The polymetallic silver veins in the region are most often found hosted in sediments, most notably the upper Rove Unit, near or within diabase intrusions. This geological setting parallels the other major silver district in Ontario - the Cobalt Silver District.  Grades from the Mainland vein groups include up to 1.4% cobalt and 25% nickel (historic assay results from Geological Survey of Canada Report, 1889).

Honey Badger is the early mover in consolidating key ground in this historic silver camp that has strong potential for polymetallic mineralization.  The Company initiated its exploration program in March 2018 and has made several discoveries:

  • Geophysics and drilling uncovered >2 km “Five-element” vein (polymetallic veins that can contain, amongst others, silver, cobalt, copper, nickel, lead and zinc) at the Beaver Mine; and  
  • Airborne geophysics identified numerous targets on the project’s land package that exhibit the same response as the historic Beaver Mine “Five-element” vein.

On-site Quality Assurance/Quality Control (“QA/QC”) Measures
Grab samples were transported in security-sealed bags for analyses to Activation Laboratories Ltd. in Thunder Bay, Ontario. Individual samples are labeled, placed in plastic sample bags and sealed. Groups of samples are then placed into durable rice bags that were delivered by Honey Badger to the lab in Thunder Bay. The remaining coarse reject portions of the samples remain in storage if further work or verification is needed.

Qualified Person
Quentin Yarie, P Geo. is the qualified person responsible for preparing, supervising and approving the scientific and technical content of this news release.

About Honey Badger Exploration Inc.
Honey Badger Exploration is a gold and base-metals exploration company headquartered in Toronto, Ontario, Canada with properties in Quebec and Ontario. The Company’s common shares trade on the TSX Venture Exchange under the symbol “TUF”.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This News Release contains forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “potential” or “continue” or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

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. 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.

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/f482b6c6-b154-4c22-9dc8-4bb156923e17

For more information, please visit our website at http://www.honeybadgerexp.com.

Or contact:
Quentin Yarie, President & CEO, (416) 364-7029, 
or
Mia Boiridy, Investor Relations, (416) 364-7029,

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Excerpt of July 26, 2018 news release from Honey Badger:

 

Honey Badger Discovers High-Grade Cobalt at its Thunder Bay Silver Camp, Drills 0.085% Cobalt over 24.1 Metres, including 0.83% Cobalt over 1.7 Metres

TORONTO, July 26, 2018 (GLOBE NEWSWIRE) -- Honey Badger Exploration Inc. (TSX-V:TUF) (“Honey Badger” or the “Company”) announces partial results from 2 drill holes completed as part of its Spring 2018 drilling program at its Thunder Bay Silver Camp (8 drill holes). The drilling program was targeting the extension of the mineralized structure hosting the historic Beaver Silver Mine with reported average historical grade of 0.2565% silver (Szetu, 1969) and zones grading 3.42% silver (34,200 g/t) (Ingall, 1889). While cobalt mineralization is not reported in historical reports, Honey Badger’s 2018 drilling program discovered a wide and near-surface zone of high-grade cobalt mineralization in the Rove Shale, near the historic Beaver Mine.
 

Drilling highlights (Table 1):

  • Hole BM-18-002 contains 0.085% cobalt over 24.1 metres, including 0.83% cobalt over 1.7 metres
  • Hole BM-18-002 also intersected, within the cobalt discovery, 56.1 g/t silver over 2.2 metres and 0.85% copper over 1.5 metres;
  • Hole BM-18-003 contains 0.20% cobalt over 4.6 metres, including 0.20% cobalt over 3.1 metres, and 0.22% cobalt over 2.1 metres;
  • Discovery of a wide, near-surface zone of cobalt mineralization with polymetallic potential in a thick metasedimentary unit – the Rove Shale

Quentin Yarie, Honey Badger’s President and CEO commented: “The discovery of high-grade and polymetallic cobalt mineralization in our Thunder Bay Silver Camp is very exciting. It confirms our starting hypothesis that, similar to the Cobalt Camp, wide zones of cobalt mineralization exist in the vicinities of the historic silver mines. We believe that historically, these zones were missed because they are covered by more than 50 metres of overburden and because of the cryptic nature of the cobalt mineralization in its host, the Rove Shale. We’re eagerly awaiting the other assay results from these two holes and the other six holes of the 2018 Spring drilling program to get a better sense of the potential of this discovery as well as the potential for further high-grade silver values.”

Table 1. Assay highlights from the Spring 2018 drilling program
Hole From (m) To (m) Length (m)* Co (%) Zone
BM-18-002 115 139.1 24.1 0.085 Beaver Mine Cobalt Discovery
Including
115 116.5 1.5 0.2
122.6 124.3 1.7 0.83
137.5 139.1 1.6 0.25
BM-18-003 70.2 74.8 4.6 0.20 Beaver Mine Cobalt Discovery
96 97.1 1.1 0.20
103.6 105.7 2.1 0.22

*Intersection are presented as core length. As it represents a discovery, no true width estimation is currently available for the cobalt mineralized zone. Additional drilling is required to constrain the true width of the zone.

Table 2 - Assays results highlights for copper and silver from the Spring 2018 drilling program
Hole From (m) To (m) Length (m)* Cu (%) Zn (%) Ag (g/t) Zone
BM-18-002 124.2 126.4 2.2     56.1 Beaver Mine Cobalt Discovery
BM-18-002 113.5 115 1.5 0.85    

*Intersection are presented as core length. As it represents a discovery, no true width estimation is currently available for the cobalt mineralization zone. Additional drilling is required to constrain the true width of the zone.

Cobalt mineralization in the Thunder Bay Silver Camp
Honey Badger’s Spring 2018 diamond drilling program was targeting the extensions of the structure hosting the historic Beaver Mine. Honey Badger’s drilling not only successfully intersected the structure controlling mineralization in the Beaver Mine, but also uncovered a broad zone of pyrite mineralization in the sedimentary rocks that surround the mine. The initial assay results indicate that this zone of pyritization, observed over at least 34 metres core length in BM-18-003, is spatially related to the zones of cobalt mineralization.

The spacing between the mineralized intersections in BM-18-002 and BM-18-003 is approximately 65 metres. Historically, these zones were presumably missed because the Rove Shale was not considered a likely host for mineralization, and it never underwent systematic multi-element analysis. In addition, the mineralization is covered by 60 metres of overburden and appears to never have been drilled from surface before. Honey Badger anticipates that assay results from the remaining Spring 2018 drill holes will help clarify the geometry and size of the cobalt discovery at the Thunder Bay Silver Camp.

As part of its due diligence process, Honey Badger will sample all sections of the Rove Shale present in the Spring 2018 drill core that may have not been sampled previously.

A figure accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/3ec1911a-ee69-43a2-bc02-157918959367

About Honey Badger’s Thunder Bay Silver Camp

Honey Badger’s Thunder Bay Silver Camp is comprised of the Beaver Silver, Silver Mountain, and Mink Mountain Silver properties. It covers more than 37,800 hectares and includes eleven past-producing high-grade mines with historical production of more than 1.67M oz silver.  The project is located on the Lakehead Region, 25 to 70 kilometres southwest of Thunder Bay, Ontario. It is easily accessible and close to infrastructure.

There are two main polymetallic vein groups in the Lakehead Region - the Mainland and Island vein groups that were historically mined for silver, cobalt, copper, nickel, lead and zinc. Some of the veins also produced gold. The Island Vein group produced a total of 3,188,297 oz silver with most of that production coming from the Silver Islet Mine. The Mainland Group of silver veins produced 1,991,314 oz silver. The geological setting of the area parallels the other major silver district in Ontario - the Cobalt Silver District.  Grades from the Mainland vein groups include up to 1.4% cobalt and 25% nickel (historic assay results from Geological Survey of Canada Report, 1889).

Honey Badger is the early mover in consolidating key ground in this historic silver camp that has strong potential for polymetallic mineralization.  The Company initiated its exploration program in March 2018 and has made several discoveries:

  • Geophysics and drilling uncovered >2 km “Five-element” vein (polymetallic veins that can contain, amongst others, silver, cobalt, copper, nickel, lead and zinc) at the Beaver Mine
  • Airborne geophysics identified numerous targets on the project’s land package that exhibit the same response as the historic Beaver Mine “Five-element” vein            

On-site Quality Assurance/Quality Control (“QA/QC”) Measures

Drill core samples were transported in security-sealed bags for analyses to Activation Laboratories Ltd. in Thunder Bay, Ontario. Individual samples are labeled, placed in plastic sample bags and sealed. Groups of samples are then placed into durable rice bags that were delivered by Honey Badger to the lab in Thunder Bay. The remaining coarse reject portions of the samples remain in storage if further work or verification is needed.

As part of the Company’s ongoing QA/QC procedure select duplicate quartered core samples were also sent to ALS Geochemistry in North Vancouver, BC, Canada.

Qualified Person
Quentin Yarie, P Geo. is the qualified person responsible for preparing, supervising and approving the scientific and technical content of this news release.

About Honey Badger Exploration Inc.
Honey Badger Exploration is a gold and base-metals exploration company headquartered in Toronto, Ontario, Canada with properties in Quebec and Ontario. The Company’s common shares trade on the TSX Venture Exchange under the symbol “TUF”.

For more information, please visit our website at http://www.honeybadgerexp.com.
Or contact:
Quentin Yarie, President & CEO, (416) 364-7029, qyarie@honeybadgerexp.com
or
Mia Boiridy, Investor Relations, (416) 364-7029, mboiridy@honeybadgerexp.com 

...click here for full copy of release from source

  

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Below is expanded insight on Honey Badger Exploration Inc. and its Thunder Bay Polymetallic Silver Project.

 

     Content found herein is not investment advice see Terms of Use, Disclosure & Disclaimer

  

 

Recent news releases regarding Company accomplishments and operational developments:

  

• October 4, 2018 "Honey Badger Discovers Significant Near-Surface Cobalt Mineralization; Results Include 0.26% Cobalt over 10.8 Metres, Including 0.5% Cobalt over 3.9 Metres".

 

• September 27, 2018 "Honey Badger’s Spring Drill Program Discovers High Grade Silver and Cobalt Outside the Historic Beaver Mine, Thunder Bay, Ontario".

 

• August 29, 2018 "Honey Badger’s Spring Drill Program Discovers High Grade Silver and Cobalt Outside the Historic Beaver Mine, Thunder Bay, Ontario".

 

• August 16, 2018 "Honey Badger Drills 292 g/t Silver over 4.43 metres, including 921 g/t Silver over 1.4 metres and 0.5% Cobalt over 3 metres".

 

• August 8, 2018 "Honey Badger Drills 682 g/t Silver over 2.4m, including 1254 g/t Silver over 1.2m".

 

• July 26, 2018 "Honey Badger Discovers High-Grade Cobalt at its Thunder Bay Silver Camp, Drills 0.085% Cobalt over 24.1 Metres, including 0.83% Cobalt over 1.7 Metres".

 

• July 19, 2018 "Honey Badger Exploration Options Polymetallic Silver, Gold, Zinc, Lead, and Cobalt Property in Historic Camp".

 

• June 28, 2018 "Honey Badger Announces Results from Annual Meeting of Shareholders".

 

• June 7, 2018 "Honey Badger Exploration Strategically Increases its Landholdings in Thunder Bay, Ontario".

 

• June 6, 2018 "Honey Badger Announces Closing of Final Tranche of Private Placement".

 

• May 18, 2018 "Honey Badger Announces Closing of First Tranche of Private Placement".

 

• May 14, 2018 "Honey Badger Announces Private Placement Financing".

 

• April 19, 2018 "Honey Badger Confirms High-Grade Silver (953 g/t) and Zinc (14.94%) from Grab Samples at its Thunder Bay Silver Camp".

 

• April 12, 2018 "Honey Badger Exploration Stakes Additional Ground at its Thunder Bay Polymetallic Silver Camp".

 

• April 5, 2018 "Honey Badger’s Geophysical Results Corroborate >2 km “Five-Element” Vein at its Thunder Bay Silver Project".

 

• March 28, 2018 "Honey Badger Discovers New “Five-Element” Vein Early in Drill Campaign, Thunder Bay Silver Project".

 

• March 16, 2018 "Honey Badger Exploration Initiates Drilling Program at its Thunder Bay Silver Camp".

 

• February 20, 2018 "Honey Badger Exploration Exhibiting at PDAC 2018".

 

• January 19, 2018 "Honey Badger Exploration Stakes Additional Ground at its Silver Mountain and Mink Properties".

 

• January 10, 2018 "Honey Badger Exploration Announces Exploration Grant".

 

• January 3, 2018 "Honey Badger Exploration Stakes Additional Polymetallic Silver, Gold, Zinc, Lead, and Cobalt Properties in Historic Camp".

 

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Thunder Bay Polymetallic Silver Camp Infrastructure

   

 

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Figure 4a & b (above) Land package -- All properties have good infrastructure to facilitate exploration and development - All three properties are ideally located close to roads, power lines, infrastructure, and a skilled labour force. Access to the properties is easy; Provincial road 588 branches off Hwy 17 (coming from Thunder Bay) and goes through the properties. The Beaver Property is ~25km from Thunder Bay.

 

There is also, for the most part, no surface right owners for the core claims of the properties.

 

Net Ownership:

 

       

Beaver Silver Property: 100% ownership on 21 claims. Option to acquire 100% interest on 3 Cairngorn Mines Limited patents.

 
Mink Property: 100% ownership.

 
Silver Mountain Property: 100% ownership.

 

New addition (seen in green on image above): With this land expansion, Honey Badger has also secured an additional three historic mines: Lily of the Valley, the Federal and the Gopher mines. The Lily of the Valley Mine was developed on a vein reported to contain zones of very high-grade silver mineralization. Historically, a 5,060 pounds bulk sample taken at the Lily of the Valley Mine graded 2.98% silver (Mineral Deposit Inventory for Ontario; Deposit: MDI52A06SW00003). Little historic information exists for both the Gopher and the Federal mines.

 
 

The Beaver Silver Property

 

- Located 25 km SW of Thunder Bay

 
- 29.89 sq. km
 

- Option on 3 Cairngorm Mines Ltd. patents.
 

- 100% ownership on surrounding 21 contiguous unpatented claims.

- 5 historic mines on the property.
 

- Hosts 3rd largest individual silver mine in the district - Beaver Silver Mine (operated between 1884 and 1891):
 

Historic production of 500,000 oz silver.
Average grade of 0.2565% silver (Szetu, 1969) with zones grading 3.42% silver (34,200 g/t) (Ingall, 1889).
Historic drilling of 1239 g/t silver over 1 m (AFRI 52A05SE0027)

  

Figure 5 (right) Beaver Silver Property claims - The green claims are patented mining claims of the historic mines. The best place to find a quality deposit is next to (or under) an old one.

 

 

Figure 6 (above) Beaver Silver Property Geophysics - Results corroborate >2 km “Five-Element” vein.

 

The Silver Mountain Property

 

 

- Located 50 km SW of Thunder Bay.
 

- 16.82 sq. km
 

- 12 contiguous unpatented claims.
 

- 100% ownership.
 

- Historic drilling on property of 294.86 g/t silver over 1.62 m (Emery,1947c).
 

- < 1 km south of Silver Mountain Mines*

 

Historic production of 700,000 oz silver (from 1888-1903 and in 1911).
• Silver-bearing veins traced over 1,500 m in strike length, trending east-west (Franklin et al., 1986).

Figure 7. (right) - Silver Mountain Property claims

 

The Mink Property

 

 

- Located 70 km SW of Thunder Bayy.

 

- 20.23 sq.km
 

- 10 contiguous unpatented claims.
 

- 100% ownership.
 

- 2 historic mines - Mink Mountain and Silver
Wolverine.

 
• little known about production and grade.

 

Figure 8. (right) - Mink property claims

   

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Honey Badger Exploration Inc.'s Technical Leadership, Management, and Governance  Skip to top

The current management team and board of directors has a well rounded combination of people that each contribute expertise in disciplines necessary for a successful mining entity:

 

Quentin Yarie, P.Geo., – President and CEO

Mr. Yarie has been a director of Red Pine since 2011 and also serves as Director of MacDonald Mines Exploration Ltd., Honey Badger Exploration Inc., and NextSource Materials Inc. Mr. Yarie studied Business Administration at SIAST, Saskatchewan and has over 20 years of project management and business development experience in the mining and environmental/engineering sector.

 

Chad Gilfillan, P.Eng., CFA, – Director

Mr. Gilfillan is Senior Vice-President at Red Cloud Klondike Strike Inc., an exempt market dealer focused on providing unique and innovative financing alternatives, growth opportunities, and market exposure for select mining companies. Mr. Gilfillan is a former precious metals, energy and resource fund portfolio manager with Natcan Investment Management and a buy-side mining and energy analyst at TD Asset Management. Prior to his work in capital markets, he was employed as a consulting engineer having worked on mining projects around the globe and across the resource company cycle: from exploration to feasibility, construction and operation. Mr. Gilfillan holds a B.A.Sc. in Geological Engineering from the University of Waterloo. He is a registered Professional Engineer and a CFA charterholder.

  

Craig Scherba, P.Geo, – Director

Mr. Scherba is a professional geologist (P.Geo.) with over 20 years of mineral exploration experience both in Canada and abroad. Mr. Scherba was an integral member of the exploration team that developed Nevsun Resources’ high grade gold, copper and zinc Bisha Project in Eritrea and lead the exploration team that discovered NextSource Materials’ Molo Graphite Project in Madagascar. Mr. Scherba serves as President and CEO of NextSource Materials Inc. and is the Vice-President Exploration of MacDonald Mines Exploration Ltd and Red Pine Exploration Inc.

   

Kevin Tanas, P.Eng. – Director

Kevin is currently Principal, Metals and Mining Consulting with Wood Mackenzie, a research and consultancy business, and is focused in global mineral trade and price dynamics, fiscal strategy, and due diligence review. Previously, Kevin worked for RPMGlobal where he spent over 6 years as Principal with primary focus in technical advisory consulting for project feasibility, funding, development and operation. He also served as Vice President of Business Development, North America. Kevin has 20 years experience in mine technical study and review, financial modelling, and technology planning. Kevin’s experience encompasses all stages of the mine’s lifecycle of open pit and underground deposits. He has a strong understanding of the mining business model, operating philosophies and data management requirements for successful asset management. His operational and consulting experience spans the Americas, Africa and Australia. Kevin holds a B.Sc. in Mine Engineering from Queen’s University and is a registered Professional Engineer. He currently serves on the Board of Directors of MacDonald Mines Exploration Inc. and Honey Badger Exploration Inc.

 

Tara Gilfillan, CPA, ICD.D, – Director and Chairperson

Ms. Gilfillan is a financial executive, entrepreneur and independent board member with over 20 years of experience, outside and within the mining industry. She holds a business degree from Queens University and a Chartered Accountant designation. Tara has a strong financial and operational background. She has held the roles of Controller and CFO of mining companies, CFO, interim CEO of a global engineering consulting company as well as co-founding a successful start-up engineering company.

 

Petra Decher, CPA, CA, – CFO

Ms. Decher is a finance executive with over 15 years experience in the mining industry. She has a deep understanding of public reporting, corporate governance, and investor relations. Ms. Decher was the the Vice President, Finance and Assistant Secretary for Franco-Nevada Corporation from 2009 to 2016 and served as Director at Integra Gold. Petra is a Chartered Accountant. She completed her Bachelor of Commerce degree at Concordia University, her Diploma in Accounting at McGill University and articled at Richter Usher Vineberg (now Richter).

 

Jean-François Montreuil, Ph.D. Chief Geologist, – Chief Geologist

>8 years of experience defining base-metals, gold and uranium deposits in Canada.

 

Conrad Dix, B.Sc. – Senior Project Manager

>20 years multifaceted mineral exploration expertise Glencore-Raglan.

 

 

Note: This article is not intended to be a complete overview of Honey Badger Exploration Inc. or a complete listing of Honey Badger's projects. Mining MarketWatch urges the reader to contact the subject company and has identified the following sources for information:

 

For more information contact Honey Badger's head office at: Ph (416).364.7029

 

Company's web site: www.honeybadgerexp.com   SEDAR Filings: URL

 

 

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*Content found herein is not investment advice see Terms of Use, Disclosure & Disclaimer. This is a journalistic article and the author is not a registered securities advisor, and opinions expressed should not be considered as investment advice to buy or sell securities, but rather journalistic opinion only. Technical mining terms used by the writer may be used/expressed in simplified layman terms and should not be relied upon as appropriate for making investment decisions unless the reader contacts the company directly for independent verification. *Estimates of potential made by the mining analyst and journal(s) are non 43-101 and not from the Company.

 

     

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