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TUF Honey Badger Silver Inc

0.09
0.02 (28.57%)
17 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Honey Badger Silver Inc TSXV:TUF TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.02 28.57% 0.09 0.08 0.095 0.09 0.07 0.07 270,489 21:12:21

Honey Badger Begins Drilling Gold Targets on Radisson

22/03/2013 12:00pm

Marketwired Canada


Honey Badger Exploration Inc. (TSX VENTURE:TUF) ("Honey Badger" or the
"Company") is pleased to announce that the Spring 2013 exploration program has
commenced. The plan is to conduct a 1000 - 1500 metre drill hole program on
prospective gold targets identified from geological work and, soil and rock
sampling programs in 2011.


As previously reported the combined soil and rock sampling program and
geological interpretation indicate that the Radisson property is highly
favorable for hosting several types of gold deposits, including:




1.  gold-bearing shear zones, 
2.  mineralized banded and folded iron formations, 
3.  and strongly altered and mineralized potassium-altered intrusions. 



The Radisson gold property is located within the James Bay Mining District of
Northern Quebec, 550 km north of Matagami. The underexplored 20,340-hectare gold
property lies within the Eleonore/Eau Claire Gold District and 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.


Honey Badger 2013 Exploration Program

The Company selected 3 prospective gold targets for drill testing during this
program. The remaining targets will be further evaluated by additional
prospecting and trenching during the summer field season and will be drill
tested in future programs.


Results of Soil and Rock Sampling Program - Geological Significance.

The eastern half of the Radisson property has been interpreted to be a complexly
folded and sheared area very prospective for gold mineralization. The results
indicate that 374 of the soil samples are anomalous in gold, with 38 of those
samples returning values between 0.1 gram per ton and 1.19 grams per tons gold.
These elevated gold values are both extensive and coincident with the
interpreted gold bearing structures. Some of the targets are also associated
with other anomalous gold tracer elements such as elevated copper and potassium
as well as high arsenic values (up to 2660 ppm).


To view the map associated with this section of the press release, please visit
the following link: http://media3.marketwire.com/docs/TUF_MAP1_03222013.pdf. 


Statistical analysis of the soil and rock data by Honey Badger's consultant, Dr.
James Franklin, indicates that the potassic alteration seems to be significant
in some sectors. The barium enrichment associated with it is a typical feature
of a subset of Archean gold deposits with a porphyry-like association, such as
Hemlo. The gold mineralization present at Goldcorp's Roberto gold deposit is
also associated with potassic alteration, metasomatic replacement zones, and
tourmaline.


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 district scale property with promising and widespread
gold, copper and silver values. It is a gold property in the heart of an
emerging world class Gold Camp, with excellent infrastructure (paved roads,
power corridor). This Gold Camp 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 (1.67 million ounces gold).


Administration

The Company will be applying to the TSX Venture Exchange for approval of an
extension of the expiry date, to September 27, 2016, of 7,010,000 warrants with
an exercise price of $0.20. These warrants were originally due to expire on
September 27, 2013. The exercise price will remain the same.


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.


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".


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

Cautionary Statement:

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

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