Honey Badger Expands Plata Claim Size by 18% Through Staking; Two New Gold Targets Identified

Core Viewpoint - Honey Badger Silver Inc. has expanded its Plata project by staking an additional 1,546 hectares, marking an 18% increase in the total claim size, which is strategically aimed at enhancing exploration potential for gold and silver [1][2][3]. Company Developments - The new claims were added to support two geologically promising target areas with significant gold anomalies, including high-grade gold identified in grab samples along the Plata Thrust [3][5]. - Historical exploration has focused on high-grade silver veins, but recent findings suggest the potential for significant gold deposits, particularly along the Plata Thrust and the parallel Rogue Thrust [3][10]. Exploration Insights - High-grade gold samples have been recorded, with values up to 78.3 g/t Au, and a new gold in soil anomaly has been traced for over 3 km, remaining open in three directions [5][9]. - The company is awaiting assay results from summer exploration, which are expected to provide further insights into the mineralization systems at Plata and help generate drill targets by year-end [9]. Project Background - The Plata project is located in the Tombstone Gold Belt in Yukon and has a history of producing high-grade silver, with approximately 290,000 ounces mined from surface-exposed veins [10]. - The project is adjacent to Snowline Gold's Rogue property, which contains significant gold resources, indicating a potentially rich mineralized area [5][10].