Honey Badger Silver Inc. (TSXV: TUF) (OTCQB: HBEIF) announced the expansion of its 100%-owned Plata project by staking an additional 1,546 hectares, increasing the total claim package by 18%. The decision was driven by promising field observations and a review of historical data that revealed significant gold anomalies along the Plata Thrust, where grab samples returned high-grade gold over 900 meters and remain open in both directions.
The company also identified a large, underexplored gold-in-soil anomaly and plans to explore both the Plata and parallel Rogue thrusts for their gold potential. This expansion underscores Honey Badger Silver's commitment to advancing its portfolio of silver and gold projects in mining-friendly jurisdictions.
Honey Badger Silver is led by a highly experienced leadership team with a track record of value creation, supported by a skilled technical team. The company's 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 6% zinc) Indicated and 13.9 Moz of silver at a grade of 169 g/t silver (and 247.8 million pounds of zinc at a grade of 4.4% zinc) Inferred, located in the Northwest Territories, and the Plata high-grade silver project situated 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 an unclassified historic resource of 5.5 Moz of silver at a grade of 22 g/t silver and 1.3 billion pounds of zinc at a grade of 7.6% zinc. Honey Badger Silver also holds a significant land position at the Nanisivik Mine Area in Nunavut, Canada, which produced over 20 Moz of silver between 1976 and 2002. A qualified person has not completed sufficient work to classify the historical resources as current mineral resources, and the company is not treating the estimates as current mineral resources.
For more information about the company, visit www.honeybadgersilver.com. To view the full press release, visit https://ibn.fm/gMVPq.
