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

The October 16, 2025 news release announces that Honey Badger Silver has expanded its Plata project land package by 18% (1,546 ha) through strategic staking. The new claims cover two geologically promising target areas with significant gold anomalies. The company highlights the growing evidence for a large-scale gold system, pointing to historical high-grade gold grab samples (up to 78.3 g/t Au) along a 900-metre trend on the Plata Thrust, and a newly identified gold-in-soil anomaly that has been traced for over 3 km and remains open. Honey Badger is awaiting assays from its 2025 field program and expects these results will help generate drill targets before the end of the year. The release once again draws a strong comparison to the adjacent, multi-million-ounce Rogue gold deposit owned by Snowline Gold.

This news is a material positive development that significantly advances the investment thesis for the Plata project. The company has been building this narrative since April 2025, and this release represents the culmination of its 2025 surface exploration program.

Chronologically, the company first introduced the "Snowline-style" RIRGS (Reduced Intrusion-Related Gold System) potential in April 2025. This was followed by field program announcements in June and encouraging initial findings of sheeted veins and expanded zones throughout July and August. The current news moves beyond conceptual talk; it's a concrete action (staking) based on fieldwork that delineates specific, large-scale gold targets.

The impact is twofold: 1. Adds a Significant Gold Dimension: While Plata has historical high-grade silver production, the emphasis on a potential large-scale gold system materially increases the project's perceived value and scope. Quoting historical grab samples up to 78.3 g/t Au and defining a 3km soil anomaly provides the kind of scale and grade potential that attracts market attention. 2. De-risks Targeting: This work de-risks the initial, most crucial stage of exploration: identifying where to drill. By defining clear trends and anomalies, the company has built a much stronger case for a well-funded drill program.

This news meets and likely exceeds expectations set by prior releases. It provides tangible scale (900m trend, 3km anomaly) to the previously discussed geological potential. The key risk remains that this is all based on surface work and historical data; grab samples are selective and soil anomalies must be confirmed with drilling. The story is compelling, but unproven at depth. The pending assay results are now the single most important near-term catalyst.

Honey Badger Silver Inc. is a Canadian silver-focused exploration company with a portfolio of seven projects in the Yukon, Nunavut, and the Northwest Territories. While historically managing multiple assets, its clear flagship project is the 100%-owned Plata Project in the Yukon's Tombstone Gold Belt. Plata is a past producer of high-grade silver, but the company's recent focus has been on proving its potential to host a large-scale "Snowline-style" (RIRGS) gold deposit, given its location adjacent to Snowline Gold's 8.8M oz Rogue discovery. In late 2024, the company also formed a wholly-owned subsidiary, Honey Badger Silver Royalty Inc., to surface value from its portfolio.