Honey Badger Completes Winter Exploration Program on Sagar IOCG Property

Honey Badger Exploration, Inc. (TSX VENTURE:TUF) ("HBE" or the "Company") has
completed the initial exploration program on its Sagar - Iron Oxide Copper Gold
("IOCG") property in Quebec's Labrador Trough region. This program included a
detailed Spectral - Induced Polarization ("IP") and resistivity survey, a
regional internal field gradient survey and a three-week field program. Honey
Badger's fieldwork concentrated on identifying, logging and re-sampling selected
intervals from historical drill core. These samples were then shipped to a
certified laboratory for whole rock analysis. Assay results are pending.


Spectral IP 

ClearView Geophysics ("ClearView") completed 17.2 line-kilometres of Spectral
IP/Resistivity surveys over a strike length of 2.2 kilometres. It followed a
magnetic high zone, which begins in the West where it corresponds with the Delhi
Pacific Showing that was intersected by drilling in 1962. Results show that a
chargeability high zone/resistivity low zone follows this magnetic high trend
from the West until it becomes splayed at several potentially graben-style
faults or slough zones in the East. 


ClearView also completed a 3D inversion model that shows a dominant zone
tracking along the magnetic high zone from the Delhi Pacific Showing which then
appears to arc southward before abruptly terminating at a fault. On the east
side of the fault, a much broader anomaly could be the result of pooling of
hydrothermal fluids against this earlier formed fault zone. The anomaly
associated with the Delhi Pacific Showing extends for over 2 kilometres east of
the historical drilling. This data will be used to target new drill holes for
the upcoming summer exploration program.


At the Delhi Pacific showing, historically significant drilling intersections
include 45.81 metres(i) @ 0.51% copper and 10.7 metres(i) @ 0.78% copper. While
these intersections were not tested for silver, gold or cobalt, historic and
recent grab samples(ii) contain up to 1.8 grams per ton ("g/t") gold, and up to
35 g/t silver. Grab samples(ii) from the Tache showing contain over 5 g/t gold,
up to 44.7 g/t silver, 0.83% cobalt, and up to 3.1% copper. 


(i) Lengths reported are drill intersected core and do not represent true widths.

(ii) Grab samples are selective by nature and are unlikely to represent average
grades of the deposits.


Internal Field Gradient 

An Internal Field Gradient ("IFG") survey was conducted by EMpulse Geophysics on
the Sagar property. As an enhancement over conventional tipper data, the three
vector components of the magnetic field were simultaneously collected at two
stations 100 metres apart. This measured the gradient of the magnetic field
associated with channeled current systems in the earth. Three hundred and
seventy-nine (379) stations were collected on three separate survey grids, over
and near magnetic features of interest in the general area of the Romanet Horst.



Extremely large tipper anomalies, near to and even exceeding unity amplitude,
were noted in several locations, especially in the general area of an East-West
magnetic lineament interior to the Romanet Horst. This indicates that extremely
high conductivity contrast anomalies are present in this area of the Sagar
property. This is typically what would be expected of a deep routed structural
fluid pathway and further supports the interpretation that Sagar has the typical
characteristics of an IOCG deposit.


Very large tipper anomalies, greater than 0.5 amplitude, were also found on the
South-West edge of the Romanet Horst, indicating that multiple target areas are
present on the property.


Three-dimensional inversion of this very anomalous tipper data set will begin
shortly and will be augmented by later analysis of the IFG data for more precise
targeting of drill-holes.


Qualified Person 

Quentin Yarie, P.Geo, is the qualified person in regard to the technical data
contained within this news release and will be responsible for overseeing all
aspects of the Company's exploration programs.


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 British
Columbia. The Company's common shares trade on the TSX Venture Exchange under
the symbol "TUF".


This News Release contains forward-looking statements. Forward-looking
statements are statements that relate to future events. 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. 


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Honey Badger Exploration, Inc.
Quentin Yarie
President & COO
(416) 364-7029
qyarie@honeybadgerexp.com


Honey Badger Exploration, Inc.
Mia Boiridy
Investor Relations
(416) 364-7029
mboiridy@honeybadgerexp.com
www.honeybadgerexp.com
Honey Badger Silver (TSXV:TUF)
과거 데이터 주식 차트
부터 4월(4) 2024 으로 5월(5) 2024