Honey Badger Discovers New "Canela" Zone in Kilometre-Long Silver-Gold Soil Anomaly at Plata, Yukon

Core Insights - Honey Badger Silver Inc. has identified a new gold and silver zone named "Canela" at its 100% owned Plata Project in the Yukon, following a successful soil sampling and prospecting program [1][2][3] Company Developments - The Canela zone is the first discovery from the summer exploration work at Plata, supporting the thesis of exceptional mineral endowment at the site [2] - The Canela zone is approximately 1 km in strike length and features soil samples with values up to 38.6 g/t silver and 0.27 g/t gold, marking the highest gold-in-soil values recorded at Plata to date [4] - Historical soil sampling had previously indicated anomalous silver values in the Canela area, but gold was not analyzed until this summer's program, which expanded the anomalous results significantly [4] Exploration Background - The summer fieldwork program included 1,027 soil samples and 115 rock samples aimed at identifying new silver and gold zones across the Plata property [3] - The Canela zone appears to be trending WNW-ESE and shares geochemical similarities with the nearby high-grade Ajo zone, located approximately 800 m to the northwest [4] Future Plans - The company plans to report remaining results from the 2025 summer work program soon and will continue to analyze new assay data alongside historical data to prepare for follow-up fieldwork and drilling in 2026 [8] Project Overview - The Plata Project is located in the Tombstone Gold Belt and has a history of high-grade silver production, with approximately 290,000 ounces of silver mined from high-grade veins [9] - The company is exploring the potential for a larger gold deposit in addition to the existing high-grade silver vein potential, drawing parallels to the nearby Keno Hill Silver Mine [9]