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Second batch of assays from Plata Yukon Program reports high grade silver values

Results from the second batch of assays from Plata Yukon Program have reports high grade silver values. Honey Badger Silver Inc. confirmed the report and said the results are from rock and soil geochemical analyses from the site located in east-central Yukon.

In addition, gold assays have been received for five composite grab samples of hand sorted material collected from 90 ore bags left behind by historic miners at Plata.  Plata lies within the Tintina Gold Belt and displays numerous similarities to the world-class Keno Hill Mining Camp, Canada’s second largest primary producer of silver, located 165 km west of the Plata Silver Property. Keno Hill produced more than 200 million ounces of silver at an average grade of 44 ounces per ton (oz/t) of silver from approximately thirty-five vein deposits between 1913 and 1989 (1).

“These results are significant in that: We confirm that Plata has similar high-grade, early-stage, gold enriched silver veins as found in the Keno Hill District, one of Canada’s most prolific silver camps; and Plata is considerably under-explored when compared to Keno Hill. We believe the potential to develop existing targets is very promising as is the potential for making new high-grade silver discoveries,” Chad Williams, Executive Chairman of Honey Badger commented.

Honey Badger’s 2021 program

Honey Badger’s 2021 program comprised detailed structural and lithological mapping of the core region of the property, accompanied by rock and channel sampling of several historical occurrences (the P2, P3, P4 and P6 zones in particular) and soil geochemical sampling.

In addition, composite grab samples were also collected from about 90 large ore bags of hand-sorted mineralization that were cached at the Plata airstrip by historical miners, in order to determine the approximate grade of the mined material.

Analyses of channel, chip and outcrop samples from the P3 and P4 zones, collectively known as the Aho zone, have returned highly significant silver, gold, lead and zinc results. Channel samples were cut using a gas-powered rock saw and were taken from channels that were 8 to 10 cm wide and 6 to 10 cm deep. Channels were cut perpendicular to the mineralized zone and represent true widths. Where channel sampling was not possible (soft rock or clay) chip samples were taken.

In all, a total of 16 channel and chip samples were collected at the Aho zone, as well as rock samples from outcrop. All of these samples returned elevated values for gold, silver, lead and zinc.

 

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