Welcome!

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.

Administration

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.

Contacts:
Honey badger Exploration Inc.
Quentin Yarie
President & COO
(416) 364-7029
[email protected]

Honey badger Exploration Inc.
Mia Boiridy
Investor Relations
(416) 364-7029
[email protected]
www.honeybadgerexp.com

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
SYS-CON Events announced today that DatacenterDynamics has been named “Media Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY. DatacenterDynamics is a brand of DCD Group, a global B2B media and publishing company that develops products to help senior professionals in the world's most ICT dependent organizations make risk-based infrastructure and capacity decisions.
"When you think about the data center today, there's constant evolution, The evolution of the data center and the needs of the consumer of technology change, and they change constantly," stated Matt Kalmenson, VP of Sales, Service and Cloud Providers at Veeam Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
New competitors, disruptive technologies, and growing expectations are pushing every business to both adopt and deliver new digital services. This ‘Digital Transformation’ demands rapid delivery and continuous iteration of new competitive services via multiple channels, which in turn demands new service delivery techniques – including DevOps. In this power panel at @DevOpsSummit 20th Cloud Expo, moderated by DevOps Conference Co-Chair Andi Mann, panelists examined how DevOps helps to meet the de...
In a recent survey, Sumo Logic surveyed 1,500 customers who employ cloud services such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP). According to the survey, a quarter of the respondents have already deployed Docker containers and nearly as many (23 percent) are employing the AWS Lambda serverless computing framework. It’s clear: serverless is here to stay. The adoption does come with some needed changes, within both application development and operations. That ...
Cloud-enabled transformation has evolved from cost saving measure to business innovation strategy -- one that combines the cloud with cognitive capabilities to drive market disruption. Learn how you can achieve the insight and agility you need to gain a competitive advantage. Industry-acclaimed CTO and cloud expert, Shankar Kalyana presents. Only the most exceptional IBMers are appointed with the rare distinction of IBM Fellow, the highest technical honor in the company. Shankar has also receive...
Headquartered in Plainsboro, NJ, Synametrics Technologies has provided IT professionals and computer systems developers since 1997. Based on the success of their initial product offerings (WinSQL and DeltaCopy), the company continues to create and hone innovative products that help its customers get more from their computer applications, databases and infrastructure. To date, over one million users around the world have chosen Synametrics solutions to help power their accelerated business or per...
Business professionals no longer wonder if they'll migrate to the cloud; it's now a matter of when. The cloud environment has proved to be a major force in transitioning to an agile business model that enables quick decisions and fast implementation that solidify customer relationships. And when the cloud is combined with the power of cognitive computing, it drives innovation and transformation that achieves astounding competitive advantage.
A valuable conference experience generates new contacts, sales leads, potential strategic partners and potential investors; helps gather competitive intelligence and even provides inspiration for new products and services. Conference Guru works with conference organizers to pass great deals to great conferences, helping you discover new conferences and increase your return on investment.
Sanjeev Sharma Joins November 11-13, 2018 @DevOpsSummit at @CloudEXPO New York Faculty. Sanjeev Sharma is an internationally known DevOps and Cloud Transformation thought leader, technology executive, and author. Sanjeev's industry experience includes tenures as CTO, Technical Sales leader, and Cloud Architect leader. As an IBM Distinguished Engineer, Sanjeev is recognized at the highest levels of IBM's core of technical leaders.
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...
DXWorldEXPO LLC announced today that ICOHOLDER named "Media Sponsor" of Miami Blockchain Event by FinTechEXPO. ICOHOLDER gives detailed information and help the community to invest in the trusty projects. Miami Blockchain Event by FinTechEXPO has opened its Call for Papers. The two-day event will present 20 top Blockchain experts. All speaking inquiries which covers the following information can be submitted by email to [email protected] Miami Blockchain Event by FinTechEXPOalso offers sp...
Digital Transformation is much more than a buzzword. The radical shift to digital mechanisms for almost every process is evident across all industries and verticals. This is often especially true in financial services, where the legacy environment is many times unable to keep up with the rapidly shifting demands of the consumer. The constant pressure to provide complete, omnichannel delivery of customer-facing solutions to meet both regulatory and customer demands is putting enormous pressure on...
SYS-CON Events announced today that IoT Global Network has been named “Media Sponsor” of SYS-CON's @ThingsExpo, which will take place on June 6–8, 2017, at the Javits Center in New York City, NY. The IoT Global Network is a platform where you can connect with industry experts and network across the IoT community to build the successful IoT business of the future.
Digital transformation is about embracing digital technologies into a company's culture to better connect with its customers, automate processes, create better tools, enter new markets, etc. Such a transformation requires continuous orchestration across teams and an environment based on open collaboration and daily experiments. In his session at 21st Cloud Expo, Alex Casalboni, Technical (Cloud) Evangelist at Cloud Academy, explored and discussed the most urgent unsolved challenges to achieve fu...
"We do one of the best file systems in the world. We learned how to deal with Big Data many years ago and we implemented this knowledge into our software," explained Jakub Ratajczak, Business Development Manager at MooseFS, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.