Honey Badger identifies In, Bi, Cu, WO3 at Hy

Executive Summary

• Honey Badger Silver Inc. has identified significant new critical mineral potential at its 100%-owned Hy Project in the Yukon, specifically highlighting high-grade indium, bismuth, tungsten, and copper mineralization in addition to known silver, lead, and zinc.
• The discovery adds strategic value to the project, which is road-accessible and located in the prolific Selwyn Basin, with the company noting that historic drilling has not occurred since 1980 despite proven skarn mineralization.
• The company plans to focus future exploration on the SilverTung and Miko zones, where these critical minerals are concentrated, leveraging the data to enhance the project's economic optionality and market valuation.

Key Details

• Project Location: Hy Project, a 7,160-hectare land package located approximately 150 km north of Watson Lake, Yukon, in the Selwyn Basin.
• Geological Context: The property hosts high-grade silver-lead-zinc skarn mineralization related to Cassiar suite felsic intrusive rocks. Historic drill intercepts include 77.7 g/t Ag, 0.93% Pb, and 1.73% Zn over 6.99m (DDH 70-18) and 70.7 g/t Ag, 1.57% Pb, and 2.18% Zn over 6.82m (DDH 70-16).
• Critical Mineral Findings:
  • Indium (In): Highest recorded grade is 179.5 ppm In from outcrop in the northern SilverTung zone. 34 samples exceed 10 ppm In, and 19 exceed 50 ppm In out of 276 samples. High values form a ~1.5 x 1.5 km area around the SilverTung zone.
  • Bismuth (Bi): Highest recorded value is >1.0% Bi (overlimit, not reanalyzed) from a 30cm chip sample in the southern SilverTung zone, accompanied by 791 g/t Ag. 50 samples contain >200 ppm Bi, and 14 exceed 1,000 ppm Bi.
  • Tungsten (WO3): Highest reported grade is 0.27% WO3 from a grab sample in the southern SilverTung zone. 19 samples contain >300 ppm WO3, and six contain >1,000 ppm WO3.
  • Copper (Cu): Highest reported grade is 4.9% Cu from the southern SilverTung zone. 17 samples contain >0.5% Cu, and seven exceed 1.0% Cu.
  • Tellurium: Up to 171 ppm Te reported.
• Sample Data: Analysis based on 276 rock samples (grab and chip) collected between 2013 and 2015. Samples were analyzed at ALS Minerals laboratories using ICP-MS (method ME-MS61) and specific ore-grade methods (Ag-OG62, Cu-OG62, Pb-OG62, Zn-OG62).
• Future Work: Exploration will focus on the SilverTung and Miko zones, which are largely unexplored with minimal or no drilling. The goal is to explore for classic skarn-related silver-lead-zinc mineralization with added critical mineral value.
• Company Portfolio Context: Executive Chairman Chad Williams noted the company owns six other 100%-owned silver-rich properties, including three with historic established mineral resources totaling approximately 150 million silver equivalent ounces.

Notable Quotes

• "We have identified, for the first time, several untested zones containing very high values of indium, bismuth, copper and tungsten along with high-grade silver, lead and zinc. The Hy property is also road accessible, making the added critical mineral potential even more attractive when considering the known silver potential." — Chad Williams, Executive Chairman
• "Based on the public data of similar properties in other mining companies, we believe that Honey Badger's market capitalization can be justified by Hy alone." — Chad Williams, Executive Chairman