Honey Badger Discovers High-Grade Cobalt at its Thunder Bay Silver Camp, Drills 0.085% Cobalt over 24.1 Metres, including 0.83% Cobalt over 1.7 Metres

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[{"type":"text","content":"TORONTO, July 26, 2018 (GLOBE NEWSWIRE) -- Honey Badger Exploration Inc. (TSX-V:TUF) (“Honey Badger” or the “Company”) announces partial results from 2 drill holes completed as part of its Spring 2018 drilling program at its Thunder Bay Silver Camp (8 drill holes). The drilling program was targeting the extension of the mineralized structure hosting the historic Beaver Silver Mine with reported average historical grade of 0.2565% silver (Szetu, 1969) and zones grading 3.42% silver (34,200 g/t) (Ingall, 1889). While cobalt mineralization is not reported in historical reports, Honey Badger’s 2018 drilling program discovered a wide and near-surface zone of high-grade cobalt mineralization in the Rove Shale, near the historic Beaver Mine. Drilling highlights (Table 1): Hole BM-18-002 contains 0.085% cobalt over 24.1 metres, including 0.83% cobalt over 1.7 metres Hole BM-18-002 also intersected, within the cobalt discovery, 56.1 g/t silver over 2.2 metres and 0.85% copper over 1.5 metres; Hole BM-18-003 contains 0.20% cobalt over 4.6 metres, including 0.20% cobalt over 3.1 metres, and 0.22% cobalt over 2.1 metres; Discovery of a wide, near-surface zone of cobalt mineralization with polymetallic potential in a thick metasedimentary unit – the Rove Shale Quentin Yarie, Honey Badger’s President and CEO commented: “The discovery of high-grade and polymetallic cobalt mineralization in our Thunder Bay Silver Camp is very exciting. It confirms our starting hypothesis that, similar to the Cobalt Camp, wide zones of cobalt mineralization exist in the vicinities of the historic silver mines. We believe that historically, these zones were missed because they are covered by more than 50 metres of overburden and because of the cryptic nature of the cobalt mineralization in its host, the Rove Shale. We’re eagerly awaiting the other assay results from these two holes and the other six holes of the 2018 Spring drilling program to get a better sense of the potential of this discovery as well as the potential for further high-grade silver values.” Table 1. Assay highlights from the Spring 2018 drilling program Hole From (m) To (m) Length (m)* Co (%) Zone BM-18-002 115 139.1 24.1 0.085 Beaver Mine Cobalt Discovery Including 115 116.5 1.5 0.2 122.6 124.3 1.7 0.83 137.5 139.1 1.6 0.25 BM-18-003 70.2 74.8 4.6 0.20 Beaver Mine Cobalt Discovery 96 97.1 1.1 ...

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