Honey Badger Discovers Promising "Sheeted Veins" at Surface in Multiple Zones over 18 km at Plata, Yukon
Honey Badger Silver (OTCQB: HBEIF) has announced significant discoveries at its 100%-owned Plata project in Yukon. The company has identified multiple sheeted quartz veins at surface across an 18 km span from the southern to northwestern ends of the property.
The ongoing work program has collected 369 soil and 66 rock samples, revealing both mafic and felsic intrusive rocks in outcrop. Notable findings include three locations of sheeted veins and a "Zinc Oxide Creek." At Morgan Ridge, sheeted veins show a concentrated vein system extending 1,200 meters along slopes with a 500-meter vertical span, remaining open to the south.
The property's location adjacent to Snowline Gold's Rogue project, which contains 7.94 million ounces of gold Measured and Indicated, suggests potential for significant mineral deposits. Assay results from the new zones are pending.
Honey Badger Silver (OTCQB: HBEIF) ha annunciato scoperte significative nel suo progetto Plata, di proprietà al 100%, nello Yukon. L'azienda ha individuato numerose vene di quarzo a lastra in superficie lungo un tratto di 18 km che si estende dalle estremità meridionale a nordoccidentale della proprietà.
Il programma di lavoro in corso ha raccolto 369 campioni di suolo e 66 di roccia, rivelando la presenza di rocce intrusive mafici e felsiche in affioramento. Tra le scoperte più rilevanti figurano tre siti con vene a lastra e un'area denominata "Zinc Oxide Creek". A Morgan Ridge, le vene a lastra mostrano un sistema concentrato di vene lungo 1.200 metri sulle pendici, con un intervallo verticale di 500 metri, ancora aperto verso sud.
La posizione della proprietà, adiacente al progetto Rogue di Snowline Gold, che contiene 7,94 milioni di once d'oro misurate e indicate, suggerisce un potenziale per depositi minerari significativi. I risultati delle analisi delle nuove zone sono in attesa di pubblicazione.
Honey Badger Silver (OTCQB: HBEIF) ha anunciado descubrimientos importantes en su proyecto Plata, de propiedad total, en Yukon. La empresa ha identificado múltiples vetas de cuarzo en superficie a lo largo de un tramo de 18 km desde el extremo sur hasta el noroeste de la propiedad.
El programa de trabajo en curso ha recolectado 369 muestras de suelo y 66 de roca, revelando rocas intrusivas máficas y félsicas en afloramiento. Hallazgos notables incluyen tres ubicaciones con vetas laminadas y un área llamada "Zinc Oxide Creek". En Morgan Ridge, las vetas laminadas muestran un sistema concentrado de vetas que se extiende 1,200 metros a lo largo de las pendientes, con un rango vertical de 500 metros, permaneciendo abierto hacia el sur.
La ubicación de la propiedad, adyacente al proyecto Rogue de Snowline Gold, que contiene 7,94 millones de onzas de oro Medidas e Indicadas, sugiere potencial para depósitos minerales significativos. Los resultados de los análisis de las nuevas zonas están pendientes.
Honey Badger Silver (OTCQB: HBEIF)는 100% 소유한 유콘의 Plata 프로젝트에서 중요한 발견을 발표했습니다. 회사는 부지 남쪽 끝에서 북서쪽 끝까지 18km에 걸쳐 다수의 층상 석영 광맥을 지표에서 확인했습니다.
진행 중인 작업 프로그램에서는 369개의 토양 샘플과 66개의 암석 샘플을 수집했으며, 노출된 곳에서 마피 및 페실 화강암질 암석이 발견되었습니다. 주목할 만한 발견으로는 세 곳의 층상 광맥과 "Zinc Oxide Creek"이 있습니다. Morgan Ridge에서는 층상 광맥이 경사면을 따라 1,200미터에 이르는 집중된 광맥 시스템을 형성하며 수직 범위는 500미터에 달하고 남쪽으로 계속 확장 중입니다.
이 부지는 7.94백만 온스의 금 측정 및 지시 자원을 보유한 Snowline Gold의 Rogue 프로젝트 인접지에 위치해 있어 상당한 광물 매장 가능성을 시사합니다. 새로운 구역의 분석 결과는 아직 대기 중입니다.
Honey Badger Silver (OTCQB : HBEIF) a annoncé des découvertes majeures sur son projet Plata détenu à 100 % au Yukon. La société a identifié plusieurs veines de quartz en feuillets en surface sur une distance de 18 km allant des extrémités sud à nord-ouest de la propriété.
Le programme de travail en cours a collecté 369 échantillons de sol et 66 d’échantillons rocheux, révélant des roches intrusives mafiques et felsiques en affleurement. Parmi les découvertes notables figurent trois emplacements de veines feuilletées ainsi qu'un "Zinc Oxide Creek". À Morgan Ridge, les veines feuilletées montrent un système concentré de veines s’étendant sur 1 200 mètres le long des pentes avec une extension verticale de 500 mètres, restant ouvert vers le sud.
La propriété, située à proximité du projet Rogue de Snowline Gold, qui contient 7,94 millions d’onces d’or mesurées et indiquées, laisse entrevoir un potentiel important pour des gisements minéraux. Les résultats des analyses des nouvelles zones sont en attente.
Honey Badger Silver (OTCQB: HBEIF) hat bedeutende Entdeckungen bei seinem zu 100 % im Besitz befindlichen Plata-Projekt im Yukon bekannt gegeben. Das Unternehmen hat mehrere geschichtete Quarzadern an der Oberfläche über eine 18 km lange Strecke vom südlichen bis zum nordwestlichen Ende des Grundstücks identifiziert.
Das laufende Arbeitsprogramm hat 369 Boden- und 66 Gesteinsproben gesammelt, die sowohl mafische als auch felsische intrusive Gesteine im Aufschluss zeigen. Bemerkenswerte Funde umfassen drei Standorte mit geschichteten Adern und einen "Zinc Oxide Creek". Am Morgan Ridge zeigen die geschichteten Adern ein konzentriertes Adernsystem, das sich 1.200 Meter entlang der Hänge erstreckt, mit einer vertikalen Ausdehnung von 500 Metern, das nach Süden offen bleibt.
Die Lage des Grundstücks, angrenzend an das Rogue-Projekt von Snowline Gold, das 7,94 Millionen Unzen Gold in gemessenen und angezeigten Ressourcen enthält, deutet auf ein Potenzial für bedeutende Mineralvorkommen hin. Die Analyseergebnisse der neuen Zonen stehen noch aus.
- Discovery of multiple sheeted quartz veins across 18 km span
- Strategic location adjacent to Snowline Gold's 7.94M oz gold Rogue project
- Extensive vein system at Morgan Ridge spanning 1,200 meters with 500m vertical
- 26% expansion of land position based on newly defined targets
- Assay results still pending from new zones
- Mineralization potential remains unconfirmed
Toronto, Ontario--(Newsfile Corp. - July 30, 2025) - Honey Badger Silver Inc. (TSXV: TUF) (OTCQB: HBEIF) ("Honey Badger" or the "Company") is pleased to provide an update on its ongoing work program at its
The Company's Executive Chairman, Chad Williams, commented, "We have discovered multiple different occurrences at surface of sheeted quartz veins in areas extending from the southern end of our property to its northwestern end some 18 km apart. These may indicate the presence of reduced intrusion-related systems. These systems, if they contain gold, are associated with some of the largest gold deposits in the world. Snowline Gold's (TSXV: SGD) Rogue project is such a deposit and contains 7.94 million ounces of gold Measured and Indicated at a grade of 1.21 g/t Au and an additional 0.89 million ounces of gold Inferred at a grade of 0.62 g/t Au (see SGD news release dated May 15, 2025). As can be seen in Figure 1, Plata is located adjacent to Snowline's land position. Please refer to the fresh pictures attached to this release which can also be found on the website www.honeybadgersilver.com. They are very compelling. Assays from these new zones are pending."
Current Work Program
The current program is focused on geologic mapping and sampling of new targets as discussed in a news release dated June 12, 2025 ("Honey Badger's Work Outlines New High-Grade and Rogue-Like targets at the Plata Project") as well as on evaluating the exciting new targets overlain by the new claims staked by the Company (see news release dated July 21, 2025, "Honey Badger Expands Land Position at Plata by
We have collected 369 soil and 66 rock samples (as of July 28). In addition to the sheeted veins described in more detail below, significant findings include both mafic and felsic intrusive rocks in outcrop, showing varying degrees of alteration, and "Zinc Oxide Creek", a creek whose bed has been coated by white to pink zinc oxide. The zinc oxide is presumed to have been sourced from nearby zinc mineralization.
Sheeted Veins
The team at Plata has so far located sheeted veins in 3 locations as shown on the map below.
Figure 1: Plata property, showing the newly staked claim outline (red) and notable field observations from the 2025 program.
Notes: 1. The Cujo intercept is from a Snowline Gold (TSXV: SGD) News Release dated November 9, 2023. The QP has been unable to verify the information.
2. The Cujo intercept is not necessarily indicative of mineralization that may be present at the Plata project.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3204/260631_2d24dd60d4c1f90e_001full.jpg
Sheeted veins along the southern aspects of "Morgan Ridge" are hosted within beige / tan medium to coarse grained quartz-rich sandstone. Additional sheeted veins occurrences have been mapped within massive chert units further to the north (photo 25CFPT028).
At Morgan Ridge, sheeted veins are composed of primarily comb and vuggy textured bright white quartz. Veins vary in width from 1cm to 5 cm and have an average density of 3 parallel veins per meter (see 25JGPT024 photo below). The observed orientation of veining is typically perpendicular to bedding in the host sandstone unit which has a NW-SE strike, giving the veins a roughly NE trend.
The width of the most concentrated vein system at Morgan Ridge is outlined in the map figure with a continuation of 1200 meters along the slopes and a vertical of 500 meters. This extent is open to the south, downslope.
Figure 2: 25JGPT024 (left) shows sheeted quartz veining ranging from 2cm to 5cm in width with a density of 3 veins per meter hosted in medium grained quartz rich sandstone at Morgan Ridge - Hammer handle (bottom) in 18 inches long.
25CFPT028 (right) shows quartz veining, both sheeted and sinuous hosted by massively bedded dark grey chert.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3204/260631_honeybadgerfig2.jpg
In addition, a boulder of sandstone with a 4 cm wide quartz vein and multiple 3 mm sheeted quartz veins was mapped and sampled in the southern part of the property (Figure 1), in the area staked due to a geophysical anomaly (magnetic low). This sandstone also contained fine-grained pyrite in its matrix. Though not found in outcrop, the boulder was jagged-edged and is interpreted to be near-source.
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 (Ag) from small-scale mining of high-grade veins that are exposed at surface(1). 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.
Qualified Person
Technical information in this news release has been approved by Dorian L. (Dusty) Nicol (PG, FAusIMM), a director and technical advisor of the Company, who is a Qualified Person (QP) for the purpose of National Instrument 43-101.
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) 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.
(2) Sunrise Lake 2003 RPA historic resource: Indicated 1.522 million tonnes grading 262 grams/tonne silver,
(3) Clear Lake 2010 SRK historic Resource: Inferred 7.76 million tonnes grading 22 grams/tonne silver,
(4) Geological Survey of Canada, 2002-C22, "Structural and Stratigraphic Controls on Zn-Pb-Ag 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
Sonya Pekar
Investor Relations
spekar@honeybadgersilver.com | +1 (647) 498-8244
For more information please visit our website www.honeybadgersilver.com.
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 Silver (HBEIF) discover at its Plata project in Yukon?
How large is the vein system discovered at Morgan Ridge in the Plata project?
What is the significance of Honey Badger's Plata project location?
How much has Honey Badger expanded its Plata project land position?
What is the current status of the discovered zones at Plata?
