Honey Badger Initiates Detailed Study on Plata Silver Project Driven by Recent High-Grade Results
TORONTO, March 10, 2022 (GLOBE NEWSWIRE) -- Honey Badger Silver Inc. (TSX-V: TUF) (OTCQB: HBEIF) (“Honey Badger” or the “Company”) is pleased to announce that it has engaged Archer, Cathro & Associates (1981) Limited (“Archer Cathro”) to complete a comprehensive 3D geological modeling study to develop and refine targets at its 100%-owned, 5,690 hectare Plata Silver Property (“Plata”) located in east-central Yukon. Recent analysis has revealed compelling target areas for follow-up and results of this work will be released in the coming weeks as interpretations are finalized.
This study was commissioned following the very encouraging results returned from the Company’s 2021 Field Program at Plata, which returned Keno Hill style high-grade silver-lead-zinc values from a number of prospects that were sampled and mapped (see below for highlights). Keno Hill, located 165 km west of the Plata Silver Property, is Canada’s second largest primary producer of silver with more than 200 million ounces of silver produced at an average grade of 44 ounces per ton (oz/t) between 1913 and 1989(1). In the first quarter of 2021, Alexco Resource Corp., who own and operate the majority of the historic Keno Hill silver district, recommenced concentrate production and shipments and are currently advancing Keno Hill to commercial production. Archer Cathro geologists have noted remarkable similarities between the Plata and Keno Hill districts.
Commenting on the study, Chairman Chad Williams stated, “Plata has produced high-grade silver from small-scale mining in the past and currently hosts 32 showings(2), many of which have returned high-grade silver, lead and zinc values, from drilling and trenching. My site visit to Plata last summer served to highlight the great potential of this property and we are delighted to be partnered with Archer Cathro, a highly regarded and sophisticated group of geoscientists that have had tremendous success in the Yukon over the past forty years. We look forward to leveraging their deep knowledge to identify the most prospective targets at Plata and in planning our Summer 2022 program."
The 3D geological modeling study will incorporate historical drilling and channel sampling data, as well as soil geochemistry data and information derived from several iterations of geological and structural mapping conducted on the property. The objective of the program will be to obtain an improved understanding of structural and lithological controls on mineralization and identify and prioritize areas for follow-up work and drilling.
The following is a recap of highlights from the 2021 Plata Summer Work Program:
Assays received confirmed the presence of Keno Hill-style high-grade silver including:
16,887 g/t silver and 67.99% lead from a rock sample (float) at the P1 Zone, 4,300 g/t silver, 22.00% zinc and 46.40% lead over 1.0 metre from a channel sample at the P2 Zone and 2,720 g/t silver, 72.63% lead from a rock sample (outcrop) at the P26 Zone associated with Type I veins;
4,500 g/t silver, 7.26 g/t gold and 24.13% lead over 0.85 metres from the Aho Zone, which extends over 800 metres along strike, associated with Type II veins;
5,190 g/t silver, 4.24 g/t gold, 24.4% lead and 3.62% zinc- obtained from composite grab samples from approximately 90 historic ore bags.
https://ceo.ca/@nasdaq/...er-initiates-detailed-study-on-plata-silver |
Thread abonnieren
