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Honey Badger’s Spring Drill Program Discovers High Grade Silver and Cobalt Outside the Historic Beaver Mine, Thunder Bay, Ontario
TORONTO, Aug. 29, 2018 (GLOBE NEWSWIRE) -- Honey Badger Exploration Inc. (TSX-V: TUF) (“Honey Badger” or the “Company”) has received all the initial assay resul
About this update from Honey Badger Silver Inc.
[{"type":"text","content":" TORONTO, Aug. 29, 2018 (GLOBE NEWSWIRE) -- Honey Badger Exploration Inc. (TSX-V: TUF) (“Honey Badger” or the “Company”) has received all the initial assay results from its Spring 2018 drilling program at its Thunder Bay Cobalt-Silver Project. The program totaled 1,525 metres and was the first ever to target the Beaver Mine from surface. The program successfully achieved its two main objectives; (i) proving that silver mineralization extends beyond the historic mine workings; and (ii) identifying that other minerals of economic importance, such as cobalt, exist in the system. In July 2018, following the discovery of cobalt and silver in previously unsampled lithologies, Honey Badger resampled 206 metres of drill core from the Spring 2018 drilling program. Assay results from the follow-up sampling are expected within the next 8 weeks. Highlights Discovery of multiple zones of near-surface cobalt (“Co”) mineralization (so far devoid of arsenic) over a surface footprint of more than 225 metres (Refer to Figure 1): 0.085% Co over 24.1 metres in BM-18-002 including 0.83% Co over 1.7 metres; 0.2% Co over 4.6 metres and 0.22% Co over 2.1 metres in BM-18-003; 0.5% Co over 3 metres in BM-18-004 (initial result*); and 0.47% Co over 1.5 metres in BM-18-006 (initial result*); Discovery of high-grade silver (“Ag”) mineralization over a possible strike length of 45 metres beyond the historic Beaver Mine workings (Refer to Figure 2): 292 g/t Ag over 4.43 metres including 921 g/t Ag over 1.4 metres in BM-18-004; and 682 g/t Ag over 2.4 metres including 1254 g/t Ag over 1.2 metres in BM-18-006. Results suggest there is potential for the discovery of shallow high-grade silver mineralization in the vicinity of the other historic mines in the district; and Cobalt mineralization is also possible in the vicinity of the historic silver mines on Honey Badger’s extensive land package. *Initial results indicate that the initial sampling ended in mineralization and that Honey Badger’s follow-up sampling completed in July 2018 could discover additional mineralization. Quentin Yarie, Honey Badger’s President and CEO commented: “With this initial drill program, we focused on a very small area of our overall land package and already discovered impressive zones of cobalt and silver mineralization. Our results to date confirm the potential of our Thunder ...