Honey Badger Expands Land Position at Plata by 26% Based on Newly Defined Targets
Honey Badger Silver (OTCQB: HBEIF) has expanded its Plata project in Yukon by 25.7% through the addition of 95 new claims covering 1,985.50 hectares. The property now encompasses 465 claims with a total area of 9,718.50 hectares.
The expansion targets two key opportunities: high-grade silver vein mineralization and "Snowline-style" intrusive-related silver-gold mineralization. The new claims include the Keg occurrence, which has shown historical high-grade samples of up to 223 g/t Ag, 3 g/t Au, 3.95% Zn, 2.19% Pb, and 0.42% Cu. Additionally, the claims cover two Mayo Suite intrusions with potential for Reduced Intrusion Related Gold System (RIRGS) targets, similar to Valley, Fort Knox, and Eagle Gold deposits.
Honey Badger Silver (OTCQB: HBEIF) ha ampliato il suo progetto Plata nello Yukon del 25,7% aggiungendo 95 nuove concessioni minerarie che coprono 1.985,50 ettari. La proprietà ora comprende 465 concessioni per un'area totale di 9.718,50 ettari.
L'espansione si concentra su due opportunità chiave: mineralizzazione di vene di argento ad alta legge e mineralizzazione di argento-oro legata a intrusivi in stile "Snowline". Le nuove concessioni includono l'occorrenza Keg, che ha mostrato campioni storici ad alta legge con valori fino a 223 g/t Ag, 3 g/t Au, 3,95% Zn, 2,19% Pb e 0,42% Cu. Inoltre, le concessioni coprono due intrusioni della Suite Mayo con potenziale per obiettivi di tipo Sistema Aurifero a Intrusione Ridotta (RIRGS), simili ai depositi di Valley, Fort Knox e Eagle Gold.
Honey Badger Silver (OTCQB: HBEIF) ha ampliado su proyecto Plata en Yukon en un 25.7% mediante la adición de 95 nuevas concesiones que cubren 1,985.50 hectáreas. La propiedad ahora abarca 465 concesiones con un área total de 9,718.50 hectáreas.
La expansión se enfoca en dos oportunidades clave: mineralización de vetas de plata de alta ley y mineralización de plata-oro relacionada con intrusivos al estilo "Snowline". Las nuevas concesiones incluyen la ocurrencia Keg, que ha mostrado muestras históricas de alta ley con hasta 223 g/t Ag, 3 g/t Au, 3.95% Zn, 2.19% Pb y 0.42% Cu. Además, las concesiones cubren dos intrusiones de la Suite Mayo con potencial para objetivos de Sistemas de Oro Relacionados a Intrusiones Reducidas (RIRGS), similares a los depósitos Valley, Fort Knox y Eagle Gold.
허니 배저 실버(OTCQB: HBEIF)는 95개의 신규 광권을 추가하여 유콘 지역의 플라타 프로젝트를 25.7% 확장했으며, 이 신규 광권은 1,985.50헥타르에 달합니다. 현재 해당 부지는 총 465개의 광권으로 구성되어 있으며 총 면적은 9,718.50헥타르입니다.
이번 확장은 두 가지 주요 기회를 겨냥합니다: 고등급 은 광맥 광물화와 "스노우라인 스타일"의 관입암 관련 은-금 광물화입니다. 신규 광권에는 과거에 최대 223 g/t Ag, 3 g/t Au, 3.95% Zn, 2.19% Pb, 0.42% Cu의 고등급 샘플이 확인된 케그 광상이 포함되어 있습니다. 또한, 이 광권들은 Valley, Fort Knox, Eagle Gold 광상과 유사한 저감 관입 관련 금 시스템(RIRGS) 목표 가능성이 있는 메이요 슈트 관입암 두 곳을 포함하고 있습니다.
Honey Badger Silver (OTCQB : HBEIF) a étendu son projet Plata au Yukon de 25,7 % grâce à l'ajout de 95 nouvelles concessions couvrant 1 985,50 hectares. La propriété comprend désormais 465 concessions pour une superficie totale de 9 718,50 hectares.
L'expansion cible deux opportunités clés : la minéralisation en veines d'argent à haute teneur et la minéralisation argent-or liée à des intrusions de type "Snowline". Les nouvelles concessions incluent l'occurrence Keg, qui a montré des échantillons historiques à haute teneur atteignant 223 g/t Ag, 3 g/t Au, 3,95 % Zn, 2,19 % Pb et 0,42 % Cu. De plus, les concessions couvrent deux intrusions de la Suite Mayo avec un potentiel pour des cibles de type Reduced Intrusion Related Gold System (RIRGS), similaires aux gisements de Valley, Fort Knox et Eagle Gold.
Honey Badger Silver (OTCQB: HBEIF) hat sein Plata-Projekt im Yukon um 25,7 % erweitert durch die Hinzufügung von 95 neuen Claims, die 1.985,50 Hektar abdecken. Das Grundstück umfasst nun 465 Claims mit einer Gesamtfläche von 9.718,50 Hektar.
Die Erweiterung zielt auf zwei Hauptchancen ab: hochgradige Silbergang-Mineralisierung und "Snowline-Stil" intrusionsbezogene Silber-Gold-Mineralisierung. Die neuen Claims umfassen das Vorkommen Keg, das historisch hochgradige Proben mit bis zu 223 g/t Ag, 3 g/t Au, 3,95 % Zn, 2,19 % Pb und 0,42 % Cu gezeigt hat. Zudem decken die Claims zwei Mayo Suite Intrusionen ab, die Potenzial für Reduced Intrusion Related Gold System (RIRGS)-Ziele bieten, ähnlich den Lagerstätten Valley, Fort Knox und Eagle Gold.
- Strategic expansion of land position by 25.7% to cover new geological targets
- Historical high-grade samples at Keg showing with up to 223 g/t Ag and 3 g/t Au
- Coverage of two Mayo Suite intrusions with RIRGS potential, similar to major gold deposits
- Strong government silt anomalies above 99.9 percentile in silver and 90 percentile in gold
- None.
Toronto, Ontario--(Newsfile Corp. - July 21, 2025) - Honey Badger Silver Inc. (TSXV: TUF) (OTCQB: HBEIF) ("Honey Badger" or the "Company") is pleased to announce that it has added a significant number of new claims to its
The Company's Executive Chairman, Chad Williams, commented, "We are very excited to have expanded the claim package at Plata to cover the multiple new geologic targets identified by our team. These targets are fertile potential discovery ground for 1) high-grade silver vein mineralization and 2) for "Snowline-style" intrusive-related silver-gold mineralization."
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 new targets overlain by the new claims.
New Targets and Claims
Ninety-five (95) claims covering 1985.50 hectares were recently staked. The map below shows the location of the new claims. The Plata property now comprises 465 claims covering a total area of 9,718.50 hectares. The new claims represent a
The rationale behind staking these claims is:
- The main controlling structure for Plata mineralization appears to be northwest trending. The new claims will cover any potential extensions of targets in the northwest part of Plata, as discussed in the June 12, 2025, news release.
- There is a historical mineral showing called Keg (see map below) along strike to the northwest of the prior Plata claim boundary. Previous work at the Keg has disclosed high-grade grab samples ranging up to 223 g/t Ag, 3 g/t Au,
3.95% Zn,2.19% Pb, and0.42% Cu. The new claims cover the Keg occurrence. - The new claims also cover two northwest trending Mayo suite intrusions which represent potential "Snowline-style" Reduced Intrusion Related Gold System (RIRGS) targets. Approximately
50% of the Mayo Suite intrusions in the region have gold mineralization. Among other examples, they host the Valley, Fort Knox, and Eagle Gold deposits. - The two Mayo Suite intrusions on the new ground are located next to a very high government silt anomaly. The anomalies are above the 99.9 percentile threshold in silver (Ag), and above the 90 percentile threshold in gold (Au), zinc (Zn), arsenic (As), lead (Pb), antimony (Sb), and tellurium (Te). Arsenic, antimony, and tellurium are commonly associated with RIRGS mineralization.
Property Map
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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. 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 (and 201.3 million pounds of zinc) Indicated and 13.9 Moz of silver (and 247.8 million pounds of zinc) Inferred (1) located in the Northwest Territories and the Plata high grade silver project located 165 km east of Yukon's prolific Keno Hill and adjacent to Snowline Gold's Rogue discovery. The Company's Clear Lake Project in the Yukon Territory has a historic resource of 5.5 Moz of silver and 1.3 billion pounds of zinc (2). The Company also has a significant land holding at the Nanisivik Mine Area located in Nunavut, Canada that produced over 20 Moz of silver between 1976 and 2002 (3). A qualified person has not done sufficient work to classify the foregoing historical resources as current mineral resources, and the Company is not treating the estimates as current mineral resources. The historical resource estimates are provided solely for the purpose as an indication of the volume of mineralization that could be present. Additional work, including verification drilling / sampling, will be required to verify any of the historical estimates as a current mineral resources.
(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-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,
(4) 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.
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 is the new size of Honey Badger's (HBEIF) Plata project after the expansion?
What are the historical mineral grades found at the Keg showing in HBEIF's new claims?
What type of mineralization is Honey Badger targeting at the expanded Plata project?
What are the significant geological features in HBEIF's new claim area?
