Honey Badger Uncovers More Significant Geologic Potential at Plata Project, Yukon

Core Insights - Honey Badger Silver Inc. has reported significant advancements in its summer field program at the Plata project in Yukon, highlighting the discovery of new 'sheeted vein' zones that may indicate the presence of reduced intrusion-related gold (RIRG) systems [1][2][3] Exploration Results - The company has extended the Sheeted Vein Zone at Northwest Plata, increasing the prospective area for RIRG mineralization to approximately 20 square kilometers within newly staked claims [4] - The Aho Zone has been materially expanded, revealing an 810 x 230 meter area of quartz veining and sulfide mineralization, overlapping with high-grade silver geochemical anomalies [5] - At South Plata, quartz veining and felsic intrusive float have been discovered over a magnetic low geophysical anomaly, an area previously unexplored [6] Next Steps - Assays for 102 rock samples and 568 soil samples are anticipated in the coming weeks, with results expected to guide drilling efforts before the end of the year [7] Geological Context - The exploration has identified potential Mayo-suite felsic intrusions and associated geological features over a significant area, indicating a strong correlation with gold and silver mineralization [9][11] - The mapping of the Rogue Thrust Fault has been extended, which is recognized as a key geological boundary that may host mineralization [13][17] Historical Context - The Plata project is located in the Tombstone Gold Belt and has a history of high-grade silver production, with past mining yielding approximately 290,000 ounces of silver [22] - The project is being developed as part of a larger "Snowline-style" mineralized system, which adds potential for discovering large gold deposits alongside high-grade silver veins [22]