Honey Badger Exploration Inc. (TSX VENTURE:TUF) ("Honey Badger" or the
"Company") announces the results of the Spring 2013 drill program on the
Radisson Gold property. The company completed 827 meters in four drill-holes to
test 4 different gold targets on the property, including gold-bearing shear
zones and deformed banded iron-formations. Drill-holes RA-13-01 to RA-13-03
tested the eastern section of the property whereas drill-hole RA-13-04 tested
its western section. 


The initial drilling has provided geological information that will provide
insight into the technical requirements for further analysis of the property.
Additional geochemical and geological analysis will be completed as is typical
of grass roots exploration.


Drill hole RA-13-03 tested a shear zone bounding the sedimentary-dominated
domain to the north. This structure is characterized by deformed and
intercalated sedimentary rocks and gabbro dykes. Best gold values were obtained
from the upper contacts of the dykes with 3.71 g/t gold over 1.0 meter included
in a broad anomalous zone assaying 0.44 g/t gold over 17.56 meters.


Drill-hole RA-13-02 intersected 4.67 g/t gold and 9.8 g/t silver over 0.55
meters at the targeted shear zone. This shear zone occurs at a geological domain
boundary occurring between sedimentary rock units to the north and mafic
volcanic rock units to the south. The same shear zone was also intersected with
drill-hole RAD-13-01 that intersected anomalous gold value of 350 ppb gold over
a 1.0 meter interval. Although the results are not economically significant, it
demonstrates the strength of the geological model developed by Honey Badger. 


Drill-hole RA-13-04 drilled the interpreted extension of a banded iron formation
where surface grab samples had previously returned up to 7.87 g/t gold. No
banded iron formation was present in this drill-hole and no significant results
were obtained.


The Radisson gold property is located within the James Bay Mining District of
Northern Quebec, 550 km north of Matagami. The underexplored 10,698 hectare gold
property covers over 25 kilometers of favorable gold-bearing corridors hosting
multiple gold occurrences. The property is located within an Archean-aged
volcanic-sedimentary system about 10 kilometers west of the LG2 highway and is
accessible via logging roads.


About The Radisson Property

James Bay, Quebec is soon to become one of Canada's newest mining districts with
Goldcorp's low-cost, long life Eleonore gold project reaching production in late
2014. The Radisson project is characterized by the same regional geology and
associated major structures found throughout each of the mining camps in the
Shield. 


The Radisson Property is a camp-scale property, measuring 10,698 hectares, with
promising and widespread gold, copper and silver values. It is a gold property
in the James Bay district, with excellent infrastructure (paved roads, power
corridor). This mining district includes Goldcorp's Roberto Deposit (3.15
million ounces of measured and indicated gold resources at an average grade of
11.92 grams per tonne and 6.25 million ounces of inferred gold resources at an
average grade of 12.93 grams per ton), and Eastmain's Eau Claire/Clearwater
Deposit (1.84 million ounces gold). 


Qualified Person

Jean-Philippe Desrochers, Ph.D., Geo. is a Qualified Person registered in Quebec
as defined by NI 43-101 and has reviewed the technical information contained in
this press release.


On-site Quality Assurance/Quality Control Measures

All samples have been shipped to ACTLABS to have two chemical analyses
completed; Fire Assay Fusion and Total Digestion - ICP. All core samples were
selected by the Honey Badger site geologist, and were cut in half by diamond
core saw. Individual samples were labeled, placed in plastic sample bags and
sealed. Groups of samples were then placed into durable rice bags that shipped
out on an ongoing basis. The remaining coarse reject portions of the samples
remain in storage at an ACTLABS preparation laboratory storage facility as
required in the event that further work is needed.


Fire Assay Fusion 

A sample size of 5 to 50 grams can be used but the routine 30 g size is applied
for rock pulps, soils or sediments (exploration samples). The sample is mixed
with fire assay fluxes (borax, soda ash, silica, litharge) and with Ag added as
a collector and the mixture is placed in a fire clay crucible, the mixture is
preheated at 850 degrees C, intermediate 950 degrees C and finish 1060 degrees
C, the entire fusion process should last 60 minutes. The crucibles are then
removed from the assay furnace and the molten slag (lighter material) is
carefully poured from the crucible into a mould, leaving a lead button at the
base of the mould. The lead button is then placed in a preheated cupel which
absorbs the lead when cupelled at 950 degrees C to recover the Ag (dore bead) +
Au. 


Total Digestion - ICP

A 0.25 g sample is digested with four acids beginning with hydrofluoric,
followed by a mixture of nitric and perchloric acids, heated using precise
programmer controlled heating in several ramping and holding cycles which takes
the samples to incipient dryness. After incipient dryness is attained, samples
are brought back into solution using aqua regia.


With this digestion, certain phases may be only partially solubilized. These
phases include zircon, monazite, sphene, gahnite, chromite, cassiterite, rutile
and barite. Ag greater than 100 ppm and Pb greater than 5000 ppm should be
assayed as high levels may not be solubilized. Only sulphide sulfur will be
solubilized.


The samples are then analyzed using an Agilent 735 ICP. QC for the digestion is
14% for each batch, 5 method reagent blanks, 10 in-house controls, 10 samples
duplicates, and 8 certified reference materials. An additional 13% QC is
performed as part of the instrumental analysis to ensure quality in the areas of
instrumental drift. 


Independent Quality Assurance and Quality Control Protocol

A QA/QC program has been implemented to monitor all assays from the current
drilling program. Samples are assembled batches and are continuously leaving the
site for immediate testing. Included in each batch of samples are certified
reference standards every 10 samples and blank samples comprised of sterile
drill core placed in at random locations (approximately every 10-20 samples). 


About Honey Badger Exploration Inc.

Honey Badger Exploration is a gold and base metals exploration company
headquartered in Toronto, Ontario, Canada. The Radisson gold property was
acquired under a signed letter of agreement with Eastmain Resources Inc.
(TSX:ER) whereby the Company could earn up to a 60% undivided right, title and
interest in the property. The Company's common shares trade on the TSX Venture
Exchange under the symbol "TUF".


The Company continues to re-evaluate its projects and is actively searching for
both partnerships to advance its grass root exploration projects and more
advanced projects that may be coming available.


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

Cautionary Statement: 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release. No stock exchange, securities
commission or other regulatory authority has approved or disapproved the
information contained herein. The foregoing information may contain
forward-looking statements relating to the future performance of Honey Badger
Exploration Inc. Forward-looking statements, specifically those concerning
future performance, are subject to certain risks and uncertainties, and actual
results may differ materially from Honey Badger plans and expectations. These
plans, expectations, risks and uncertainties are detailed herein and from time
to time in the filings made by Honey Badger with the TSX Venture Exchange and
securities regulators. Honey Badger does not assume any obligation to update or
revise its forward-looking statements, whether as a result of new information,
future events or otherwise. We seek safe harbour.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Honey Badger Exploration Inc.
Brent Nykoliation
Vice President of Business Development
(416) 364-7024
(416) 364-2753 (FAX)
bnykoliation@honeybadgerexp.com


Honey Badger Exploration Inc.
Kirk McKinnon
President & CEO
(416) 364-7024
(416) 364-2753 (FAX)
kmckinnon@honeybadgerexp.com
www.honeybadgerexp.com

Honey Badger Silver (TSXV:TUF)
과거 데이터 주식 차트
부터 4월(4) 2024 으로 5월(5) 2024 Honey Badger Silver 차트를 더 보려면 여기를 클릭.
Honey Badger Silver (TSXV:TUF)
과거 데이터 주식 차트
부터 5월(5) 2023 으로 5월(5) 2024 Honey Badger Silver 차트를 더 보려면 여기를 클릭.