Honey Badger Discovers New "Canela" Zone in Kilometre-Long Silver-Gold Soil Anomaly at Plata, Yukon
Honey Badger Silver (OTCQB: HBEIF) announced discovery of a new gold-silver surface anomaly named Canela at its 100% owned Plata project, Yukon, from 2025 soil sampling.
Key facts: ~1 km strike with soils up to 38.6 g/t Ag and 0.27 g/t Au, plus elevated Pb and Zn. Canela trends WNW-ESE ~800 m southeast of the Ajo zone and may be related. A historical float sample nearby returned 5,890 g/t Ag and 0.35 g/t Au. The zone remains open eastward and is a high-priority target for 2026 drilling after winter data integration.
Honey Badger Silver (OTCQB: HBEIF) ha annunciato la scoperta di una nuova anomalia superficiale oro-argento chiamata Canela nel progetto Plata, interamente di proprietà di Honey Badger Silver, nello Yukon, dai campionamenti del suolo del 2025.
Fatti chiave: ~1 km di estensione con suoli fino a 38.6 g/t Ag e 0.27 g/t Au, oltre a Pb e Zn elevati. Canela si sviluppa in direzione WNW-ESE a circa ~800 m a sud-est della zona Ajo e potrebbe essere correlata. Un campione di float storico nelle vicinanze ha restituito 5,890 g/t Ag e 0.35 g/t Au. La zona resta aperta verso est ed è un obiettivo di massima priorità per le perforazioni del 2026 a seguito dell'integrazione dei dati invernali.
Honey Badger Silver (OTCQB: HBEIF) anunció el descubrimiento de una nueva anomalía superficial de oro-plata llamada Canela en su proyecto Plata, 100% propiedad de la empresa, en Yukon, a partir de muestreos de suelo de 2025.
Datos clave: ~1 km de trazo con suelos de hasta 38.6 g/t Ag y 0.27 g/t Au, además de Pb y Zn elevados. Canela se orienta en dirección WNW-ESE a ~800 m al sureste de la zona Ajo y podría estar relacionada. Una muestra de flotación histórica cercana arrojó 5,890 g/t Ag y 0.35 g/t Au. La zona queda abierta hacia el este y es un objetivo de alta prioridad para perforaciones en 2026 tras la integración de datos de invierno.
Honey Badger Silver (OTCQB: HBEIF)은 야콘의 Plata 프로젝트에서 2025년 토양 샘플링으로 새로운 표면형 금-은 이상 anomaly인 Canela를 발견했다고 발표했다. 프로젝트는 회사가 100% 소유.
주요 사실: 약 1 km 길이의 연장으로 토양에서 38.6 g/t Ag, 0.27 g/t Au까지 발견되었고 Pb 및 Zn도 상승하였다. Canela는 Ajo 지구에서 서북서-동남동 방향으로 약 800m 남동쪽에 위치하며 연관될 수 있다. 근처의 역사적 플로트 샘플은 5,890 g/t Ag와 0.35 g/t Au를 보였다. 이 지역은 동쪽으로 계속 확장될 가능성이 있으며 2026년 겨울 데이터 통합 이후 최우선 탐사 대상이다.
Honey Badger Silver (OTCQB: HBEIF) a annoncé la découverte d'une nouvelle anomalie superficielle d'or et d'argent nommée Canela sur son projet Plata, détenu à 100 % par la société, dans le Yukon, à partir des échantillonnages de sol de 2025.
Faits clés : ~1 km de longueur avec des sols jusqu'à 38.6 g/t Ag et 0.27 g/t Au, ainsi que Pb et Zn élevés. Canela s'étend sur une direction WNW-ESE sur environ ~800 m au sud-est de la zone Ajo et pourrait être liée. Un échantillon de float historique à proximité a donné 5,890 g/t Ag et 0.35 g/t Au. La zone reste ouverte vers l'est et constitue une cible prioritaire pour des forages en 2026 après l'intégration des données hivernales.
Honey Badger Silver (OTCQB: HBEIF) gab die Entdeckung einer neuen Gold-Silber-Oberflächenanomalie namens Canela auf dem zu 100 % im Besitz von Plata befindlichen Projekt in Yukon bekannt, basierend auf Bodenproben von 2025.
Wichtige Fakten: ca. 1 km Trasse mit Böden bis zu 38,6 g/t Ag und 0,27 g/t Au, sowie erhöhte Pb- und Zn-Werte. Canela verläuft in WNW-ESE über ca. 800 m südöstlich der Ajo-Zone und könnte dazu gehören. Ein historischer Float-Probenahme in der Nähe ergab 5.890 g/t Ag und 0,35 g/t Au. Die Zone ist östlich weiter offen und wird nach dem Winterdaten-Integrationsprozess 2026 zu einer Hochprioritätszone für Bohrungen.
Honey Badger Silver (OTCQB: HBEIF) أعلنت عن اكتشاف أنوماليا سطحية جديدة من الذهب والفضة تُدعى Canela في مشروع Plata الذي تملكه الشركة بنسبة 100%، مقاط Yukon، من خلال أخذ عينات تربة في 2025.
حقائق رئيسية: ≈1 كم طول الكسار مع تربات حتى 38.6 g/t Ag و 0.27 g/t Au، بالإضافة إلى ارتفاع في Pb و Zn. Canela تمتد باتجاه WNW-ESE نحو ~800 م جنوب شرق منطقة Ajo وقد تكون مرتبطة بها. عينة فلوات تاريخية قريبة أرجعت 5,890 g/t Ag و 0.35 g/t Au. لا تزال المنطقة مفتوحة شرقاً وهي هدف عالي الأولوية للحفر في 2026 بعد دمج بيانات الشتاء.
- Canela soil anomaly with Ag 38.6 g/t and Au 0.27 g/t
- Currently identified ~1 km strike length
- Historical nearby float: 5,890 g/t Ag and 0.35 g/t Au
- Zone remains open and prioritized for 2026 drilling
- No drilling reported yet; results are early-stage surface assays
- Mineral relation to Ajo and extent are unconfirmed pending follow-up
Toronto, Ontario--(Newsfile Corp. - November 13, 2025) - Honey Badger Silver Inc. (TSXV: TUF) (OTCQB: HBEIF) ("Honey Badger" or the "Company") is pleased to announce that the Company has identified a new gold and silver zone, newly named "Canela", from the recent soil sampling and prospecting program at its
The Company's Executive Chairman, Chad Williams, commented: "The Canela zone represents the first discovery from last summer's exploration work at Plata. Our thesis that Plata has an exceptional mineral endowment has been further supported. Canela is a large mineral zone that shares similar characteristics to the nearby high-grade silver and gold Ajo zone. The currently known size and mineral values of the surface expression of the new Canela zone compares favorably with the early-stage surface expressions of what would become important mineral discoveries elsewhere in the Plata district. In particular, Canela appears to also be east-west trending and contains significant silver and gold values. The recent recognition of significant gold mineralization in the Ajo-Canela area is important since the Plata property is located adjacent to Snowline Gold's (TSXV: SGD) Rogue property which is the site of a major gold discovery."
Background on Canela
This past summer, Honey Badger completed a large fieldwork program focused on soil sampling and prospecting at Plata. The goal of the fieldwork was to collect soil and supplementary grab samples over several target areas across the large property to identify new silver and gold zones. The program was successfully completed in late September and included a total of 1,027 soil samples and 115 rock samples.
The Company is excited to share that the Canela Zone, a newly identified silver and gold anomaly, has been successfully identified from the first batch of assay results at Plata. The Canela Zone is approximately 1 km in currently identified strike length and is highlighted by soil samples with up to 38.6 g/t silver, 0.27 g/t gold,
Figure 1. Map of the Plata Project showing the newly identified Canela Zone, which represents a ~1km x 450m wide ~ E-W trending area defined by strongly anomalous gold and silver values in soil samples. The Canela Zone is situated approximately 800m to the southeast of the high-grade gold- and silver-bearing Ajo Zone.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3204/274455_b22aa3c004b8e9e2_001full.jpg
Figure 2. Regional map of the Plata Project showing the location of the newly identified Canela Zone relative to other major gold and silver showings in the area. Note: The QP has not independently verified the Rogue Mineral Resource Estimate (MRE) or drill results quoted in the image above. The Rogue MRE is not necessarily indicative of mineralization on the property that is the subject of the disclosure.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3204/274455_b22aa3c004b8e9e2_002full.jpg
Next Steps
The Company plans to report the remaining results from the 2025 summer work program at Plata in the coming days once they are compiled, analyzed, and interpreted. The Company will continue to review the new assay data in conjunction with historical drilling, soil and grab samples as well as leverage geophysical and structural data over the winter to prepare for follow-up fieldwork and expected drilling in 2026.
About Plata
Plata is located in east-central Yukon within the Tombstone Gold Belt and is a past producing high-grade silver property that produced about 290,000 ounces of silver from small-scale mining of high-grade veins that are exposed at surface (Carlson, G.G., 2010, "Technical Report Describing Exploration and Development at the Plata Project, located in the Mayo Mining District, East-Central Yukon", report prepared for Platoro West Holdings Inc.). Ore was mined and flown by fixed wing aircraft to Idaho for processing. Historical exploration at Plata has primarily focused on the outcropping high-grade silver veins. These are analogous to the rich Keno Hill Silver Mine in the Yukon, one of the highest-grade silver deposits in the world, now operated by Hecla Mining. While the analogy to Keno Hill remains valid, the Company has continued to develop its understanding of Plata as part of a larger "Snowline-style" mineralized system. Understanding how Plata might fit into a Reduced Intrusion Related Gold System (RIRGS) like Snowline Gold's Rogue and Valley deposits adds the potential for a large gold deposit in addition to the high-grade silver vein potential.
QAQC
Soil samples were collected using soil augers and placed into labeled kraft paper bags that were tied shut. Soil pits were dug as deep as possible to achieve collecting material from the lower B and early C soil horizons. Sample locations were collected using field tablets with built-in GPS.
Rock samples were collected using geotools and rock hammers to break up rock material, which was then placed by hand into labeled plastic poly bags that were tied shut. Samples were labeled as either outcrop, subcrop, or float. All sample locations were marked with flagging tape containing the sample ID, and sampled locations were collected using field tablets with built-in GPS.
Sample preparation and multi-element analyses for rock and soil samples were carried out at ALS Minerals' laboratories in Whitehorse, Yukon and North Vancouver, BC, respectively. Each rock sample was dried and fine crushed to better than
Qualified Person
Technical information in this news release has been approved by Benjamin Kuzmich, P. Geo., who is a Qualified Person (QP) for the purpose of National Instrument 43-101 "Standards of Disclosure for Mineral Projects".
About Honey Badger Silver Inc.
Honey Badger Silver is a silver company. The company is led by a highly experienced leadership team with a track record of value creation backed by a skilled technical team. Our projects are located in areas with a long history of mining, including the Sunrise Lake project with a historic resource of 12.8 Moz of silver at a grade of 262 g/t silver (and 201.3 million pounds of zinc at a grade of
(1) Sunrise Lake 2003 RPA historic resource: Indicated 1.522 million tonnes grading 262 grams/tonne silver,
(2) Clear Lake 2010 SRK historic Resource: Inferred 7.76 million tonnes grading 22 grams/tonne silver,
(3) Geological Survey of Canada, 2002-C22, "Structural and Stratigraphic Controls on Zn-Pb-Silver Mineralization at the Nanisivik Mississippi Valley type Deposit, Northern Baffin Island, Nunavut; by Patterson and Powis."2) Clear Lake 2010 SRK historic Resource: Inferred 7.76 million tonnes grading 22 grams/tonne silver,
ON BEHALF OF THE BOARD
Chad Williams, Executive Chairman
For more information please visit our website www.honeybadgersilver.com or contact Mrs. Sonya Pekar for Investor Relations | spekar@honeybadgersilver.com | +1 (647) 498-8244.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Information
This news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "interpreted", "management's view", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This forward-looking information is based on reasonable assumptions and estimates of management of the Company at the time such assumptions and estimates were made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Honey Badger to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information.
Such factors include, but are not limited to, risks relating to capital and operating costs varying significantly from estimates; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; other risks involved in the mineral exploration and development industry; and those risks set out in the Company's public documents filed on SEDAR+ (www.sedarplus.ca) under Honey Badger's issuer profile. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed timeframes or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
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FAQ
What did Honey Badger (HBEIF) announce about the Canela zone on November 13, 2025?
How large is the Canela zone identified by Honey Badger (HBEIF) at Plata?
What peak assay values were reported for Canela soils in Honey Badger's November 13, 2025 release?
Is there any drill plan for Canela from Honey Badger (HBEIF)?
How close is Canela to the Ajo zone and could they be related, per Honey Badger?
