Honey Badger discovers veins at Plata

Executive Summary

• Honey Badger Silver reports discovery of multiple surface “sheeted quartz veins” extending ~18 km across the Plata project, suggesting potential intrusion‑related gold systems similar to Snowline Gold’s Rogue deposit.
• The company has collected 369 soil and 66 rock samples; assays are pending.
• Additional notable observations include mafic/felsic intrusives, a zinc‑oxide coated creek, and several quartz vein occurrences with detailed geometry and host lithology described.

Key Details

• Discovery Extent: Sheeted veins identified from the southern to northwestern ends of the 100 % owned Plata property (~18 km).
• Vein Geometry (Morgan Ridge):
• Width: 1 cm – 5 cm; average density ~3 parallel veins per metre.
• Orientation: Perpendicular to bedding, trending roughly NE on a NW‑SE striking sandstone host.
• Continuous zone: Up to 1,200 m along slope and 500 m vertical extent, open southward.
• Additional Vein Occurrences:
• Massive chert units further north contain sheeted veins.
• A sandstone boulder with a 4‑cm quartz vein and multiple 3‑mm sheeted veins sampled near a magnetic low anomaly; matrix contains fine‑grained pyrite.
• Sampling Program (as of July 28):
• Soil samples: 369
• Rock samples: 66
• Assays from the newly identified zones are pending.
• Other Geological Observations:
• Presence of both mafic and felsic intrusive rocks with varying alteration.
• “Zinc oxide creek” – creek bed coated in white‑to‑pink zinc oxide, likely sourced from nearby zinc mineralization.
• Contextual Comparison: The sheeted veins may indicate reduced intrusion‑related gold systems (RIRGS); Snowline Gold’s Rogue project hosts ~7.94 Moz Au at 1.21 g/t (measured & indicated) plus additional inferred resources. Plata lies adjacent to Snowline’s land position.
• Qualified Person: Technical information approved by Dorian L. “Dusty” Nicol, PG, FAusIMM (director and technical adviser, QP under NI 43‑101).

Notable Quotes

“We have discovered multiple different occurrences at surface of sheeted quartz veins… These may indicate the presence of reduced intrusion‑related systems… If they contain gold, they are associated with some of the largest gold deposits in the world.” – Chad Williams, Executive Chairman

All forward‑looking statements are subject to risks and uncertainties; actual results may differ materially.