TUF Honey Badger Silver Inc

Honey Badger Exploration Inc. (TSX VENTURE:TUF) ("HBE" or the "Company") has
completed the interpretation of the geophysical data over the Delhi Pacific
copper showing on its Sagar Property. The coincident gravity, magnetic,
electromagnetic ("EM") and induced polarization ("IP") anomaly associated with
the Delhi showing are typical of those expected from an Iron Oxide Copper Gold
("IOCG") deposit.


The IOCG model is further supported by the presence of a favourable structural
setting for an IOCG deposit, namely the abundance of polymetallic showings
(copper-gold-silver-cobalt) and the presence of diagnostically verified IOCG
hydrothermal alteration. 


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


(i)Grab samples are selective by nature and are unlikely to represent average
grades of the deposit(s).


The selection of new drill targets is based on an interpretation of the
IP/Resistivity, airborne magnetics, ground gravity and airborne EM data. In the
winter of 2014 ClearView Geophysics Inc. completed a Surface Spectral IP survey
over part of and extending east of the Delhi Pacific showing (Figure 1).


To view 'Figure 1 - Surface Spectral Induced Polarization survey location
lines', please visit the following link:
http://media3.marketwire.com/docs/honef10715.pdf 


The interpretation indicates an anomaly associated with the historic drilling at
Delhi that increases both in intensity and size east of these drill holes for
more than 1.5 kilometres. The apparent resistivity data is presented in Figure 2
(red-purple indicates low resistivity and represents the target area):


To view 'Figure 2 - Resistivity Data at Delhi Pacific', please visit the
following link: http://media3.marketwire.com/docs/honef20715.pdf 


The gravity data indicates that the southwest side of the magnetic high zone at
Delhi Pacific coincides with a gravity low feature, whereas to the north is a
gravity high. This indicates that the resistivity
low/chargeability/electromagnetic target is located along a major structure that
represents a favourable event for IOCG mineralization. The target area at Delhi
covers more than 3 square kilometres: approximately 1.5 kilometres in strike
length multiplied by an average width of 200 metres (Figure 3).


To view 'Figure 3 - Resistivity Data at Delhi Pacific', please visit the
following link: http://media3.marketwire.com/docs/honef30715.pdf 


To view 'Figure 4 - Magnetic Inversion over Delhi Pacific', please visit the
following link: http://media3.marketwire.com/docs/honef40715.pdf 


HBE Summer Drill Program 

HBE has contracted Norex drilling of Timmins, Ontario to conduct a drill program
approximating 5000 metres on the Sagar Property. The summer exploration program
currently underway will also include additional sampling, mapping and
geophysics. 


About the Sagar Property 

The Sagar Property is comprised of a series of claims totaling 107 square
kilometres within the Labrador Trough, 200 kilometres north of Shefferville,
Quebec. Historically, the property has had high-grade gold and copper showings. 


The Sagar Property also includes extensive, untested copper and cobalt soil
anomalies, which are all potential targets for copper and cobalt mineralized
zones. Historical drilling of a small copper soil anomaly in 2007 produced 6.7
metres @ 2.46% copper and 1.50 metres @ 0.25 g/t gold.


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 which 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)
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Honey Badger Silver (TSXV:TUF)
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부터 5월(5) 2023 으로 5월(5) 2024