Business
Honey Badger's 100% Owned Clear Lake Silver/Zinc Deposit Showing Promise
White Rock, British Columbia--(Newsfile Corp. - June 4, 2025) - Honey Badger Silver Inc. (TSXV:...
About this update from Honey Badger Silver Inc.
[{"type":"text","content":"Honey Badger's 100% Owned Clear Lake Silver/Zinc Deposit Showing PromiseWhite Rock, British Columbia--(Newsfile Corp. - June 4, 2025) - Honey Badger Silver Inc. (TSXV: TUF) (OTCQB: HBEIF) (\"Honey Badger\" or the \"Company\") is pleased to provide an update on its 100%-owned Clear Lake Project in the Whitehorse Mining District of Yukon Territory.The Company has completed a detailed review of geological, geochemical, and geophysical data on the property. This has resulted in the identification of several new target areas and the conclusion that there is a significant opportunity to vastly grow the historical silver-rich zinc deposit resource at Clear Lake. Chad Williams, the Company's Executive Chairman, commented, \"This is an excellent example of how Honey Badger adds value in a very rapid and cost-effective way, to a project that we purchased inexpensively prior to the recent run-up in the silver price. Clear Lake has seen extensive work and spending in the past by other companies. The best way to create value for shareholders is to rapidly and economically increase the net-asset-value of a previously discovered – but under appreciated mineral deposit. In fact, we have seven of these types of projects in our portfolio already! Clear Lake has tremendous potential beyond its historic resource of 5.5 million ounces of silver and over 1.3 billion pounds of zinc. The historic resource remains open both along strike and down dip. In addition, our data review has identified three additional high-quality, drill-ready target areas near the defined historic resource, each of which has the potential to be at least another Clear Lake-size deposit.\"The three priority targets are based on geophysical data:Target 1: An EM (Electromagnetic) anomaly with a geophysical signature very similar to that of Clear Lake. Interpretation of the data indicates a possible massive sulphide body at a depth of about 150 metres.Target 2: A second EM anomaly on strike with Clear Lake mineralization and adjacent to an outcrop of zinc-rich gossan (iron oxides that result from the weathering of massive sulphides).Target 3: A coincident gravity and EM anomaly interpreted as possibly representing a flat-lying massive sulphide body at a depth of about 300 metres.Mineralization and TargetsThe Clear Lake deposit is a sedimentary-exhalative massive sulphide (\"...