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Honey Badger Silver: Focus on Our New Plata Silver Property, Yukon
TORONTO, July 08, 2021 (GLOBE NEWSWIRE) -- Honey Badger Silver Inc. (TSX-V: TUF) (“Honey Badger Silver” or the “Company”) is pleased to announce that it has eng
About this update from Honey Badger Silver Inc.
[{"type":"text","content":" TORONTO, July 08, 2021 (GLOBE NEWSWIRE) -- Honey Badger Silver Inc. (TSX-V: TUF) (“Honey Badger Silver” or the “Company”) is pleased to announce that it has engaged Archer, Cathro & Associates (1981) Limited (“Archer Cathro”) to oversee the Phase 1 work program on its 100%-owned 5,690 hectare Plata Silver Property (“Plata”) located in east-central Yukon. Archer Cathro is the established leader in Yukon mineral discoveries. The Plata Silver Property lies within the Tintina Gold Belt and displays a number of similarities to the world-class Keno Hill Silver Mining Camp, Canada’s second largest primary producer of silver with production from approximately thirty-five vein deposits between 1913 and 1989. Plata Property Highlights: Historic surface trenching and shallow drilling has identified thirty-two (32) known mineralized zones, comprising high-grade silver, gold, lead and zinc-bearing veins and stockwork zones; Several areas of the property were mined historically for high-grade silver and yielded 9,020 kg (290,000 oz) of silver from a reported 2,041 tonnes of hand sorted material, equivalent to a recovered silver grade of approximately 4,420 grams per tonne (g/t) silver. Historic drilling to date has demonstrated potential for continuous mineralization over a strike length of nearly 800 metres at the Aho Zone (Figure 1). This zone is a semi-continuous mineralized system developed within the plane of the Plata Thrust Fault that extends intermittently over a total strike length of 800 metres and to a maximum of 580 metres downdip and remains open to extension along strike and downdip. About the Plata Silver Property Historic exploration at the Plata Silver Property from 1969 to 2011 identified thirty-two (32) known mineralized zones, extending over a 2.5 kilometre area, hosting narrow high-grade silver, gold, lead and zinc-bearing veins and stockworks. Mineralization at Plata is believed to be associated with hydrothermal fluids related to the Tombstone intrusive suite and bears similarities to the prolific Keno Hill Silver Mining Camp, Canada’s second largest primary producer of silver with production from approximately thirty-five (35) vein deposits between 1913 and 1989. High priority target areas at Plata include: P-4 Zone: The P-4 Zone has undergone more extensive drilling relative to other targets at Plata and demonstr...