News Feed Item

Honey Badger Identifies Geochemistry Associated With IOCG (Iron Oxide Copper Gold) Mineralization on its Sagar Property in Northern Quebec

TORONTO, ONTARIO -- (Marketwired) -- 07/03/14 -- Honey Badger Ltd (TSX VENTURE: TUF) ("HBE" or the "Company") has received all geochemical analyses for samples collected during its winter field program on the Sagar Property. The metal associations, alteration mineral assemblages and alteration facies identified are typical of those associated with Iron Oxide Copper Gold (IOCG) mineralization. These results indicate that the mineralization found at Sagar is more extensive than previously thought, and that the mineralized occurrences are genetically related.

Anomalous IOCG Metal Associations Identified

During the course of the exploration program, 169 grab samples were collected along strike of previously identified mineral showings. Grab sample assay results indicate the presence of metals associated with an IOCG system. Specifically, the samples have anomalous copper (Cu; up to 7.36% at the Delhi Showing), gold (Au; 500 ppb at the Delhi Showing), silver (Ag; up to 24.9 g/t at the Delhi Showing) and cobalt (Co; up to 0.66% at the Tache Lake Showing)(i).

The grab samples were collected from an area running along the strike length of mineralization at both the Delhi and Tache Lake Showings and extending 400 and 300 metres respectively to the east. Preliminary geophysical interpretations indicate that the mineralization appears to extend even further along strike but is covered by overburden.

(i)Grab samples are selective by nature and are unlikely to represent average grades of the deposits.

IOCG Alteration Minerals Identified Through Thin Section Analysis

A total of 54 thin section samples were collected during the program from representative rock types in order to characterize the style of mineralization at Sagar. Analyses of the samples revealed alteration minerals consistent with an IOCG alteration assemblage. Specifically, the alteration minerals albite, calcite, dolomite, quartz, hematite, biotite, actinolite, magnetite, titanite, white mica tourmaline and epidote were identified.

IOCG Alteration Facies Identified Through Geochemical Analysis

A total of 169 grab samples, and 623 grab and historic drill core samples were analyzed from the exploration program in order to characterize the alteration mineral assemblages through geochemistry. The alteration facies observed over the Sagar Property has all the alteration facies expected in an IOCG system.

Quentin Yarie, HBE's President and COO stated, "We are extremely pleased with these geochemical results. Our Sagar Property shows all the characteristics of an IOCG deposit - the presence of a favourable structural setting, the abundance of polymetallic showings (copper-gold-silver-cobalt) and now, through geochemical analysis, the confirmed presence of diagnostic IOCG hydrothermal alteration".

On-site Quality Assurance/Quality Control Measures

All grab and core samples were shipped to ACTLABS preparation laboratory in Timmins, Ontario. Analyses were performed in the ACTLABS laboratory in Ancaster or Timmins, Ontario. All historic core samples were selected by the Honey Badger site geologist, and were cut in half by diamond core saw. Individual samples were labelled, placed in plastic sample bags and sealed. Groups of samples were then placed into durable rice bags that were shipped out when ready. The remaining coarse reject portions of the samples remain in storage at the ACTLABS preparation laboratory storage facility in the event that further work or verification is needed.

Independent Quality Assurance and Quality Control Protocol

A QA/QC program was implemented to monitor all assays from the exploration program. Grab and historic samples were assembled in batches and sealed prior to shipping. Included in each batch of samples were certified reference standards every 20 samples and blank samples inserted randomly (approximately every 20-30 samples).

About the Sagar Property

The Sagar Property is comprised of 377 claims totalling 107 square kilometres within the Labrador Trough, 200 kilometres north of Shefferville, Quebec. Historically, the property has had high-grade gold and copper showings.

The Sagar Property also includes extensive, untested copper and cobalt soil anomalies, which are all potential targets for copper and cobalt mineralized zones. Historical drilling of a small copper soil anomaly in 2007 produced 6.7 metres @ 2.46% copper and 1.50 metres @ 0.25 grams/tonne gold.


The Company granted a total of 2,780,000 stock options to directors, officers and consultants of the Company on July 2, 2014 under the terms of the incentive stock option plan of the Company filed with the TSX Venture Exchange and approved by shareholders at the last Annual General Meeting of Shareholders of the Company held on June 30, 2014. All options are exercisable at a price of $0.10 per share for a period of 18 months and are subject to a four-month and one day hold period from the date of issuance.

Qualified Person

Quentin Yarie, P.Geo is the qualified person in regard to the technical data contained within this news release and will be responsible for overseeing all aspects of the Company's exploration programs.

About Honey badger Exploration Inc.

Honey Badger Exploration is a gold and base-metals exploration company headquartered in Toronto, Ontario, Canada with properties in Quebec and British Columbia. The company's common shares trade on the TSX Venture Exchange under the symbol "TUF".

For more information, please visit our website at http://www.honeybadgerexp.com.

This News Release contains forward-looking statements. Forward-looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

Cautionary Statement: Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
The Open Connectivity Foundation (OCF), sponsor of the IoTivity open source project, and AllSeen Alliance, which provides the AllJoyn® open source IoT framework, today announced that the two organizations’ boards have approved a merger under the OCF name and bylaws. This merger will advance interoperability between connected devices from both groups, enabling the full operating potential of IoT and representing a significant step towards a connected ecosystem.
Kubernetes, Docker and containers are changing the world, and how companies are deploying their software and running their infrastructure. With the shift in how applications are built and deployed, new challenges must be solved. In his session at @DevOpsSummit at19th Cloud Expo, Sebastian Scheele, co-founder of Loodse, will discuss the implications of containerized applications/infrastructures and their impact on the enterprise. In a real world example based on Kubernetes, he will show how to ...
November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Penta Security is a leading vendor for data security solutions, including its encryption solution, D’Amo. By using FPE technology, D’Amo allows for the implementation of encryption technology to sensitive data fields without modification to schema in the database environment. With businesses having their data become increasingly more complicated in their mission-critical applications (such as ERP, CRM, HRM), continued ...
Enterprises have been using both Big Data and virtualization for years. Until recently, however, most enterprises have not combined the two. Big Data's demands for higher levels of performance, the ability to control quality-of-service (QoS), and the ability to adhere to SLAs have kept it on bare metal, apart from the modern data center cloud. With recent technology innovations, we've seen the advantages of bare metal erode to such a degree that the enhanced flexibility and reduced costs that cl...
SYS-CON Events announced today that Embotics, the cloud automation company, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Embotics is the cloud automation company for IT organizations and service providers that need to improve provisioning or enable self-service capabilities. With a relentless focus on delivering a premier user experience and unmatched customer support, Embotics is the fas...
Intelligent machines are here. Robots, self-driving cars, drones, bots and many IoT devices are becoming smarter with Machine Learning. In her session at @ThingsExpo, Sudha Jamthe, CEO of IoTDisruptions.com, will discuss the next wave of business disruption at the junction of IoT and AI, impacting many industries and set to change our lives, work and world as we know it.
SYS-CON Events announced today that Cloudbric, a leading website security provider, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Cloudbric is an elite full service website protection solution specifically designed for IT novices, entrepreneurs, and small and medium businesses. First launched in 2015, Cloudbric is based on the enterprise level Web Application Firewall by Penta Security Sys...
Smart Cities are here to stay, but for their promise to be delivered, the data they produce must not be put in new siloes. In his session at @ThingsExpo, Mathias Herberts, Co-founder and CTO of Cityzen Data, will deep dive into best practices that will ensure a successful smart city journey.
Governments around the world are adopting Safe Harbor privacy provisions to protect customer data from leaving sovereign territories. Increasingly, global companies are required to create new instances of their server clusters in multiple countries to keep abreast of these new Safe Harbor laws. Is it worth it? In his session at 19th Cloud Expo, Adam Rogers, Managing Director of Anexia, Inc., will discuss how to keep your data legal and still stay in business.
In his session at 19th Cloud Expo, Nick Son, Vice President of Cyber Risk & Public Sector at Coalfire, will discuss the latest information on the FedRAMP Program. Topics will cover: FedRAMP Readiness Assessment Report (RAR). This new process is designed to streamline and accelerate the FedRAMP process from the traditional timeline by initially focusing on technical capability instead of documentation preparedness. FedRAMP for High-impact level systems. Early in 2016 FedRAMP officially publishe...
SYS-CON Events announced today that Impiger Technologies will exhibit in Booth #109 at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Impiger Technologies is a world-class, enterprise software product engineering company specializing in Mobile Application Development, Cloud Applications, Microsoft Technology Solutions, Web Technology and Telecom Services. Impiger Technologies helps enterprises improve busi...
Qosmos, the market leader for IP traffic classification and network intelligence technology, has announced that it will launch the Launch L7 Viewer at CloudExpo | @ThingsExpo Silicon Valley, being held November 1 – 3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. The L7 Viewer is a traffic analysis tool that provides complete visibility of all network traffic that crosses a virtualized infrastructure, up to Layer 7. It facilitates and accelerates common IT tasks such as VM migra...
In the 21st century, security on the Internet has become one of the most important issues. We hear more and more about cyber-attacks on the websites of large corporations, banks and even small businesses. When online we’re concerned not only for our own safety but also our privacy. We have to know that hackers usually start their preparation by investigating the private information of admins – the habits, interests, visited websites and so on. On the other hand, our own security is in danger bec...
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
As companies adopt the cloud-to-streamline workflow, deployment hasn’t been very seamless because of IT concerns surrounding security risks. The cloud offers many benefits, but protecting and securing information can be tricky across multiple cloud providers and remains IT’s overall responsibility. In his session at 19th Cloud Expo, Simon Bain, CEO of SearchYourCloud, will address security compliance issues associated with cloud applications and how document-level encryption is critical for sup...