New York, NY / ACCESSWIRE / May 16, 2014 /
Honey Badger Exploration Inc. (TSX VENTURE:TUF)
(Pink Sheets:HBEIF) is the subject of a Mining MarketWatch Journal
Review. Investment Advisor Peter Besler of Industrial Alliance
Securities identified TUF.V in an article published by The Northern
Miner this May in its quarterly flagship magazine on investing; the
qualified Investment Advisor identified Honey Badger Exploration as
one of eight top microcap stocks he believes possesses "explosive
potential". Investment Advisor Peter Besler cited Honey Badger's
Sagar Property as possessing a "potential "Olympic Dam" style iron
oxide copper-gold deposit" and said it "may become one of the more
exciting exploration programs in Canada". He further stated "cobalt
showing could excite investors seeking exposure to electric vehicle
investments because battery makers such as Tesla use cobalt in
cathodes". TUF.V is focused on advancing its Sagar IOCG (Iron Oxide
Copper Gold) Project located within the Labrador Trough, 190 km
north of Shefferville, in Quebec. The Sagar Property is 107.3 square
kilometers and sits directly at the cross-convergence of two major
geological structures that would have channeled large volume of
fluids in the Earth crust. Recent data has lead geologists to
conclude the Sagar claims have the hallmarks of an IOCG system, a
rare type of mineralized system that has the potential to yield
world-class economic polymetallic tonnage. Honey Badger
Exploration's Sagar Property represents an extremely unique
opportunity for people to get in on the front end of a potentially
world-class IOCG deposit; conceivably analogous to being involved in
Kidd Creek (now one of the largest volcanogenic massive sulfide ore
deposits in the world) before its potential was appreciated by the
market. Besides a staple of high copper values, very high cobalt
values have been identified on Sagar, making it highly prospective
for major unique discovery as the market is in need of a stable
North American source for cobalt (as an inordinately large
percentage of the worlds cobalt currently comes from the war-torn
Congo). TUF.V geologists have identified copper-gold-silver-cobalt
rich mineralized trends they believe will demonstrate impressive
near-surface size and grade this 2014.
The full Mining Journal review may be found at
http://miningmarketwatch.net/tuf.htm online.
Some of the largest deposits in the world are IOCG (e.g. Olympic Dam
in Australia; Salobo in Brazil) and their value lays in the
cumulative nature of the wide mix of metals found in any given
quantity of extracted material. The Sagar property has had the
benefit of substantial exploration (including 18,850 m of drilling)
from past operators individually chasing specific elements in
isolated mineralized occurrences, without knowledge it was a
connected IOCG system. Over the years quality data has been
generated, the collation of this along with new data (within the
last year) including modern geophysics and geochemistry, is turning
heads in the geological community as the interpretation from a
number of experts has lead to the reclassification of Sagar (as IOCG)
and it appears that Honey Badger Exploration is on the cusp of
something potentially enormous. There has been a pyridine paradigm
shift recently, in that there is a lot of this data available that
geologists had never looked at it in the context of IOCG
mineralization properly before. Top geologists in their field are
making time to associate themselves with Honey Badger's Sagar
Project.
Volumetrically significant tonnage planned for 2014: Historically
there has been a bias in exploration favoring the NW side of Sagar
where boulders containing up to 640 g/T gold are located, however it
is the SE side of Sagar, such as at the Delhi Pacific (named after
1962 past operator) showing where historically significant Cu
mineralization has already been established. Historically
significant drilling intersections at Delhi Pacific include 45.81
metres @ 0.51% copper and 10.7 metres @ 0.78% copper, unfortunately
never systematically tested for gold or cobalt. Important to
understand is that although sizeable in itself, this would
represents just a fraction of potential mineralized zones identified
and evidence points to substantially more awaits. TUF.V geologists
remodeled what was established in historic drilling and are
confident they can increase the historic several-fold with only a
few drill holes using newly acquired geochemical and geophysical
evidences that point where mineralization extends. Using this
holistic approach (never employed before) one historical mineralized
section alone of the Delhi showing, initially limited to a 50m
depth, could be modeled to possibly 300 m vertical depth. The
geophysical and geochemical anomaly related to the Delhi showing
extends 2.5km kilometers east along. Historic and recent grab
samples at Delhi Pacific contain up to 1.8 g/T gold, and up to 35
g/T silver.
The Taché showing (also located in the structure related to Delhi
Pacific) will also be the subject of exploration efforts in 2014.
Grab samples from the Taché showing contain over 5 g/t gold, up to
44.7 g/t silver, 0.83% cobalt, and up to 3.1% copper. Although grab
samples are unlikely to represent average grades of the deposit, it
is important to note that an average grade >0.25% cobalt was
encountered and this bodes well considering typical economic
deposits specific to cobalt are established at 0.1% to 0.2% cobalt.
Infrastructure surrounding Sagar will be receiving a boost near-term
from Quebec's Plan Nord revived under the recently elected Liberals
government which has a planned paved road coming within 30 km. Maps
The planned road will run from Shefferville located 190 km to the
south (where rail from big iron deposits in the area go) to port
waters north.
Upon closing financing Honey Badger Exploration will have completed
acquisition of a 75% interest in Sagar, Energizer Resources Inc.
will retain 25% as a strategic partner. TUF.V currently has
70,880,717 shares outstanding (plus ~15.5 M warrants and options)
and trades with a market cap under C$2.2 million.
The full Mining Journal review may be found at
http://miningmarketwatch.net/tuf.htm online.
This release may contain forward-looking statements regarding future
events that involve risk and uncertainties. Readers are cautioned
that these forward-looking statements are only predictions and may
differ materially from actual events or results. Articles, excerpts,
commentary and reviews herein are for information purposes and are
not solicitations to buy or sell any of the securities mentioned.
Readers are referred to the terms of use, disclaimer and disclosure
located at the above referenced URL(s).
Contact Information:
James O'Rourke, Editor
Mining MarketWatch Journal
[email protected]
SOURCE: Honey Badger Exploration Inc.