Business
Honey Badger Discovers New Silver Veins on the Beaver Property; Expands the Footprint of the Beaver Cobalt Zone
TORONTO, Aug. 08, 2019 (GLOBE NEWSWIRE) -- Honey Badger Exploration Inc. (TSX-V: TUF) (“Honey Badger” or the “Company”) announces the final assay results for it
About this update from Honey Badger Silver Inc.
[{"type":"text","content":" TORONTO, Aug. 08, 2019 (GLOBE NEWSWIRE) -- Honey Badger Exploration Inc. (TSX-V: TUF) (“Honey Badger” or the “Company”) announces the final assay results for its 2019 drilling program that was completed in June 2019. In addition to the Beaver Vein, the remaining holes of the program were targeting favorable structures in the predicted extensions of the veins mined in the Elgin and the Stewardson mines (Figure 1). Honey Badger drilling was successful in both proving the continuity of the structures hosting historic Elgin and Stewardson mines and identifying silver-lead-zinc mineralization. Honey Badger also discovered three new silver-bearing structures in the black shales of the Rove Formation. Two are located near the Beaver Mine and the other is located near the Stewardson Mine. These new discoveries along with the previous announced high grade silver intersects in BM-19-014 of 1,004 g/t Ag over 4 metres, including 1,674 g/t Ag over 2.4 metres (core length) and a second silver-bearing vein and contains 69.2 g/t Ag over 1.8 metres (core length) prove that the these structures have considerable lateral extension. The Company will focus on extending these high-grade intersections along strike and to depth. In the Beaver Mine area, the Beaver Cobalt Zone was extended over 130 metres from its intersection in hole BM-18-004. However, as the cobalt zone is not associated with recognizable visual indicators in the diabase sill that hosts it, the structure controlling the Beaver Cobalt Zone remains undefined, Assay Highlights (Table 1) BM-19-012 collared in a sub-cropping silver vein near the Beaver Mine that contains 46 g/t AgEq over 1 metres (core length) BM-19-015 intersected a new silver-bearing zone near the Beaver Mine that contains 90 g/t AgEq over 2 metres(core length) SM-19-021 discovered a new silver-bearing zone near the Stewardson Mine that contains 105 g/t AgEq over 2 metres BM-19-015 discovered the western extension of the Beaver Cobalt Zone and contains 0.05% Co over 9.45 metres Quentin Yarie, President and CEO of Honey Badger stated: \"Our 2019 drilling program was successful. We found the continuity of the high-grade silver zone in the Beaver Vein, we proved that the silver-bearing structures hosting the Elgin and the Stewardson mines extend laterally and remain prospective for high-grade silver mineraliza...