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).

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)

^{*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

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

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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*

*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

*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

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*

*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,

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*

*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 7^th, 2018 on the London Metal Exchange and Kitco websites.

Table 2 – Metal equivalences to cobalt grade

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,

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.”

*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.

*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 

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