Honey Badger Completes Winter Exploration Program on Sagar IOCG Property
May 14 2014 - 8:00AM
Marketwired
Honey Badger Completes Winter Exploration Program on Sagar IOCG
Property
TORONTO, ONTARIO--(Marketwired - May 14, 2014) - Honey Badger
Exploration, Inc. (TSX-VENTURE:TUF) ("HBE" or the "Company") has
completed the initial exploration program on its Sagar - Iron Oxide
Copper Gold ("IOCG") property in Quebec's Labrador Trough region.
This program included a detailed Spectral - Induced Polarization
("IP") and resistivity survey, a regional internal field gradient
survey and a three-week field program. Honey Badger's fieldwork
concentrated on identifying, logging and re-sampling selected
intervals from historical drill core. These samples were then
shipped to a certified laboratory for whole rock analysis. Assay
results are pending.
Spectral IP
ClearView Geophysics ("ClearView") completed 17.2
line-kilometres of Spectral IP/Resistivity surveys over a strike
length of 2.2 kilometres. It followed a magnetic high zone, which
begins in the West where it corresponds with the Delhi Pacific
Showing that was intersected by drilling in 1962. Results show that
a chargeability high zone/resistivity low zone follows this
magnetic high trend from the West until it becomes splayed at
several potentially graben-style faults or slough zones in the
East.
ClearView also completed a 3D inversion model that shows a
dominant zone tracking along the magnetic high zone from the Delhi
Pacific Showing which then appears to arc southward before abruptly
terminating at a fault. On the east side of the fault, a much
broader anomaly could be the result of pooling of hydrothermal
fluids against this earlier formed fault zone. The anomaly
associated with the Delhi Pacific Showing extends for over 2
kilometres east of the historical drilling. This data will be used
to target new drill holes for the upcoming summer exploration
program.
At the Delhi Pacific showing, historically significant drilling
intersections include 45.81 metres* @ 0.51% copper and 10.7 metres*
@ 0.78% copper. While these intersections were not tested for
silver, gold or cobalt, historic and recent grab samples** contain
up to 1.8 grams per ton ("g/t") gold, and up to 35 g/t silver. Grab
samples** from the Taché showing contain over 5 g/t gold, up to
44.7 g/t silver, 0.83% cobalt, and up to 3.1% copper.
* Lengths reported are drill intersected core and
do not represent true widths.
** Grab samples are selective by nature and are unlikely to
represent average grades of the deposits.
Internal Field Gradient
An Internal Field Gradient ("IFG") survey was conducted by
EMpulse Geophysics on the Sagar property. As an enhancement over
conventional tipper data, the three vector components of the
magnetic field were simultaneously collected at two stations 100
metres apart. This measured the gradient of the magnetic field
associated with channeled current systems in the earth. Three
hundred and seventy-nine (379) stations were collected on three
separate survey grids, over and near magnetic features of interest
in the general area of the Romanet Horst.
Extremely large tipper anomalies, near to and even exceeding
unity amplitude, were noted in several locations, especially in the
general area of an East-West magnetic lineament interior to the
Romanet Horst. This indicates that extremely high conductivity
contrast anomalies are present in this area of the Sagar property.
This is typically what would be expected of a deep routed
structural fluid pathway and further supports the interpretation
that Sagar has the typical characteristics of an IOCG deposit.
Very large tipper anomalies, greater than 0.5 amplitude, were
also found on the South-West edge of the Romanet Horst, indicating
that multiple target areas are present on the property.
Three-dimensional inversion of this very anomalous tipper data
set will begin shortly and will be augmented by later analysis of
the IFG data for more precise targeting of drill-holes.
Qualified Person
Quentin Yarie, P.Geo, is the qualified person in regard to the
technical data contained within this news release and will be
responsible for overseeing all aspects of the Company's exploration
programs.
About Honey Badger Exploration Inc.
Honey Badger Exploration is a gold and base-metals exploration
company headquartered in Toronto, Ontario, Canada with properties
in Quebec and British Columbia. The Company's common shares trade
on the TSX Venture Exchange under the symbol "TUF".
This News Release contains forward-looking
statements. Forward-looking statements are statements that relate
to future events. In some cases, you can identify forward-looking
statements by terminology such as "may", "should", "expects",
"plans", "anticipates", "believes", "estimates", "predicts",
"potential" or "continue" or the negative of these terms or other
comparable terminology. These statements are only predictions and
involve known and unknown risks, uncertainties and other factors
that may cause our or our industry's actual results, levels of
activity, performance or achievements to be materially different
from any future results, levels of activity, performance or
achievements expressed or implied by these forward-looking
statements.
Cautionary Statement: Neither 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.
Honey Badger Exploration, Inc.Quentin YariePresident &
COO(416) 364-7029qyarie@honeybadgerexp.comHoney Badger Exploration,
Inc.Mia BoiridyInvestor Relations(416)
364-7029mboiridy@honeybadgerexp.comwww.honeybadgerexp.com
Honey Badger Silver (TSXV:TUF)
Historical Stock Chart
From Jun 2024 to Jul 2024
Honey Badger Silver (TSXV:TUF)
Historical Stock Chart
From Jul 2023 to Jul 2024