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Honey Badger Exploration Inc (2)
Symbol TUF
Shares Issued 74,370,824
Close 2018-08-16 C$ 0.09
Market Cap C$ 6,693,374
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Honey Badger drills 4.43 m of 292 g/t Ag at Thunder Bay

2018-08-16 07:11 ET - News Release

Mr. Quentin Yarie reports

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

Honey Badger Exploration Inc. has released 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 contains 292 grams per tonne silver over 4.43 metres, including 921 g/t Ag over 1.4 m.
  • Hole BM-18-004 contains 0.35 per cent cobalt over 4.5 m, including 0.50 per cent Co over three m.

Quentin Yarie, Honey Badger's president and chief executive officer, 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 21 m -- we have now sampled and submitted the first 20 m for assaying. We are conducting and planning additional exploration in Thunder Bay as we wait for exploration permits for the property."

            ASSAY RESULT HIGHLIGHTS FROM THE 2018 DRILLING PROGRAM*
 
Hole             From (m)      To (m)      Length (m)*     Co (%)    Ag (g/t)

BM-18-004         147.43      151.86            4.43           -         292
Including         150.46      151.86            1.40           -         921
                   21.23       25.73            4.50        0.35           -
Including          21.23       24.23            3.00        0.50           -

* Intersections are presented as core lengths. 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 resampling and relogging 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 comprises the Beaver silver, Silver Mountain and Mink Mountain silver properties, which cover more than 37,850 hectares and include 12 past-producing high-grade mines with historical production of more than 1.67 million ounces silver. The project is located on the Lakehead region, 25 to 70 kilometres southwest of Thunder Bay, Ont. 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 a greater-than-two-kilometre 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 measures

Grab samples were transported in security-sealed bags for analyses to Activation Laboratories Ltd. in Thunder Bay, Ont. Individual samples are labelled, 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, PGeo, 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, Ont., Canada, with properties in Quebec and Ontario.

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