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Honey Badger Exploration Inc. Drilling Confirms the Extension of the Beaver Vein
TORONTO, May 15, 2019 (GLOBE NEWSWIRE) -- Honey Badger Exploration Inc. (TSX-V: TUF) (“Honey Badger” or the “Company”) announces that the down-dip extension of
About this update from Honey Badger Silver Inc.
[{"type":"text","content":" TORONTO, May 15, 2019 (GLOBE NEWSWIRE) -- Honey Badger Exploration Inc. (TSX-V: TUF) (“Honey Badger” or the “Company”) announces that the down-dip extension of the Beaver Vein, host of historic silver mineralization at the Beaver Mine, was intersected in the three holes completed as part of its 2,000-metre drilling program on the Thunder Bay Silver-Cobalt Project, located west of Thunder Bay, Ontario. The intersections are located below the Beaver Mine underground developments. Quentin Yarie, President and CEO of Honey Badger stated: \"The Beaver Silver Mine closed in 1893. Honey Badger is the first, in over a century, to drill in the Beaver Vein. In 2018, we intersected high-grade silver (682 g/t silver over 2.4 metres) below the mine workings, confirming the extension of the mineralized structure below the mine. These latest results indicate that the Beaver Vein is continuous for at least 70 metres in length. Our next drill holes will test whether that can be extended further along strike and down dip. If so, there may be an opportunity to move towards a resource definition program.” About the Spring 2019 Drilling ProgramThe Beaver Vein is composed of quartz, amethyst quartz, and carbonate, with variable sphalerite, galena and pyrite (Figure 1). The three holes, from the current 2019 Spring Drill Program, intersected the Beaver Vein within 35 to 40 metres of the 2018 intersection of 682 g/t silver over 2.4 metres (August 8, 2018 News Release). The 2018 silver intersection was interpreted to represent the extension of the Beaver Vein. This interpretation is now supported by the current drilling. Results to date indicate that the Beaver Vein extends over a strike length of at least 70 metres, approximately 40 metres down-dip of the historic mine workings. Historically, the Beaver Vein produced approximately 500,000 ounces of silver at grades averaging 2565 g/t silver. With the information gathered so far in this drill program, Honey Badger has completed a robust 3D model of the underground developments of the Beaver Mine that will support the planning of future exploration programs. Two additional drill holes will be completed in the Beaver Vein to cover most of the strike of the structure (approximately 150 metres) below the historic Beaver Mine. This will allow the Company to evaluate the continuity of high-grade silver miner...