공시 • Jan 21
Honey Badger Silver Inc. Identifies Extensive High-Grade Antimony, Copper, and Tungsten Mineralization in Addition to Known Silver and Gold At Plata, Yukon
Honey Badger Silver Inc. announced that the company has newly recognized important critical minerals potential at its 100%-owned Plata project in the Yukon, including widespread high-grade antimony as well as copper and tungsten mineralization. Newly Recognized Critical Minerals at Plata. To date, the majority of known silver, gold, and base metal mineralization at Plata has been largely concentrated at the Ajo Zone, which represents a fairly consistent ~northwest-southeast trending tabular body (1-6m wide) of high-grade silver-, gold-, lead-, and zinc-bearing quartz veining that is structurally hosted along the Plata Thrust Fault for approximately 1 km of currently known strike length. Antimony mineralization is widespread at Plata and is present in the Ajo Zone, as well as both the Cebolla and Oliva targets. Antimony highlights from select drill results at Ajo include 1.5m @ 1,790 g/t Ag, 0.12 g/t Au, 0.32% Cu, 0.27% Sb, and 7.45% Zn (PL-09-53), 1.21m @ 1,255.36 g/t Ag, 1.11 g/t Au, & 0.14% Sb (PL-08-016), and 0.59m @ 1,085 g/t Ag, 3.39 g/t Au, &0.14% Sb (PL-08-018). High-grade antimony is also present at both the Cebolla andOliva targets with rock sample grades up to 4.95% Sb at Cebolla and 4.72% Sb at Oliva. Drill core from the Cebolla and Oliv targets was not assayed for antimony along with select drill core from Ajo, however the widespread presence of antimony with silver mineralization on surface in these areas indicates it may also be present at depth. Copper highlights from select drill results atAjo include 1.52m @ 0.57% Cu. (PL-08-043), 1.5m @ 0.32% Cu (PL-08-53), and 2.78m @ 0.10% Cu (PL-08 -018). Additional elevated values of tungsten up to 680 ppm WO3 can be found in conjunction with high-grade silver and gold mineralization in other drill holes at Ajo. This renewed understanding will continue to inform future work at Plata and the design of anticipated drill program this coming summer, in addition to adding another important layer of economic optionality to the project. In each instance, the reliability of the historical resource estimates (the " Historical Estimates") are considered reasonable, but a qualified person has not done sufficient work to classify the foregoing Historical Estimates as current mineral resources, and the Company is not treating the estimates as current mineral resources. There is no technical report associated with the Historical Estimates. No more recent estimates of the mineral resources or other data are available to the Company. Forty holes define the massive sulphide Indicated Resource horizon. In a 2003 report to SSR, Roscoe Postle Associates Inc. (RPA) concluded SSR's resource estimate was reasonable based on approximating a NSR using typical smelter contracts, assuming metallurgical recoveries based on the limited metallurgical testing and on the following price assumptions: USD 5.50 per ounce silver, USD 400 per ounce gold, USD 0.45 per pound zinc, USD 0.25 per pound lead, and USD 0.80 per pound copper, as well as a USD 75 transportation cost, and a CAD 1.45: USD 1.00 exchange rate. In 2010 SRK was engaged to complete a NI 43.00 exchange rate.