Honey Badger stakes 1,546 hectares at Plata

Executive Summary

• Honey Badger Silver Inc. expanded its 100%-owned Plata project in the Yukon by staking 1,546 hectares, representing an 18% increase in total claim size.
• The expansion strategically buttresses two new gold targets: the high-grade Plata thrust (historically silver-focused but showing gold anomalies) and the parallel Rogue thrust.
• Historical data indicates high-grade gold potential, with grab samples returning up to 78.3 g/t Au along the Plata thrust, which remains open in both directions.

Key Details

• Land Expansion: Staked 1,546 hectares at the Plata project, increasing the total claim package by 18%.
• Plata Thrust Target:
  • High-grade gold anomalies identified over 900 meters along the thrust.
  • Historical grab samples returned up to 78.3 g/t Au in outcrop.
  • Trend remains open in both directions.
  • Historically focused on high-grade silver; now recognized as a significant gold target.
• Rogue Thrust Target:
  • Identified as a potential geological analogue to the Plata thrust.
  • Focus for future exploration.
• Soil Anomaly:
  • Large, underexplored gold-in-soil anomaly identified.
  • Traced for over 3 km.
  • Remains open in three directions.
• Proximity to Major Producer:
  • Plata property is adjacent to Snowline Gold’s Rogue property.
  • Rogue property contains 7.94 Moz Au (M&I) at 1.21 g/t Au and 0.89 Moz Au (inferred) at 0.62 g/t Au.
• Historical Context:
  • Plata is a past-producing high-grade silver property (~290,000 oz Ag produced).
  • Analogy to Keno Hill silver mine (Hecla Mining) remains valid.
  • Company views Plata as part of a larger Snowline-style reduced intrusion related gold system.
• Next Steps:
  • Assays for rock and soil samples from the 2025 field season are expected imminently.
  • Results expected to generate drill targets before year-end.

Notable Quotes

• Chad Williams, Executive Chairman: "Honey Badger continues to identify new and exciting target areas at Plata. This project has exceptional potential. We are particularly encouraged by the continuity of high-grade historical grab samples along the Plata thrust, which returned up to 78.3 g/t Au in outcrop as well as the potential for the Rogue thrust to be an analogue to the Plata thrust. Additionally, a second zone of gold in soil has been identified and been traced for over three km, and remains open in three directions."