Honey Badger Expands Land Position at Plata by 26% Based on Newly Defined Targets

Core Viewpoint - Honey Badger Silver Inc. has significantly expanded its claim package at the Plata project in the Yukon, which is expected to enhance exploration opportunities for high-grade silver and gold mineralization [1][2]. New Targets and Claims - The company staked 95 new claims covering 1,985.50 hectares, resulting in a total of 465 claims over 9,718.50 hectares, marking a 25.7% increase in property size [3]. - The new claims are strategically positioned to cover potential extensions of mineralization targets, particularly in the northwest part of the Plata project [5]. - Historical mineral showings, such as the Keg occurrence, have revealed high-grade samples with up to 223 g/t Ag, 3 g/t Au, and significant concentrations of Zn, Pb, and Cu [5]. - The new claims also encompass two Mayo suite intrusions, which are associated with potential "Snowline-style" Reduced Intrusion Related Gold System (RIRGS) targets, with approximately 50% of Mayo Suite intrusions in the region containing gold mineralization [5]. About Plata - The Plata project is located in the Tombstone Gold Belt of east-central Yukon and has a history of producing approximately 290,000 ounces of silver from high-grade veins [6]. - The project is being developed with an understanding of its potential as part of a larger mineralized system, similar to the Keno Hill Silver Mine, which is one of the highest-grade silver deposits globally [6]. - The exploration strategy includes evaluating the potential for large gold deposits alongside high-grade silver vein potential [6]. Company Overview - Honey Badger Silver is led by an experienced team with a strong track record in value creation and operates in regions with a rich mining history [8]. - The company also holds other significant projects, including the Sunrise Lake project with a historic resource of 12.8 million ounces of silver and the Clear Lake project with a historic resource of 5.5 million ounces of silver [8].