NEWS RELEASE Honey Badger Exploration and Entr?e Gold Identify New Copper Zones on Blackjack Property in NevadaToronto, ON, December 6, 2010 ? Honey Badger Exploration Inc. (TSX.V:TUF ? ?Honey Badger? or the ?Company?) announces that Entr?e Gold, the operator for Honey Badger?s Blackjack Property, has received assay results from its recent drilling program on the Blackjack Property in the Yerington district of Nevada. The results confirm the presence of additional areas of copper mineralization on the Blackjack Property and provide strong encouragement for additional exploration. On Blackjack, several holes in the southeast intersected oxide copper mineralization, which appears to be a continuation of the Blue Hill copper zone being drilled on the adjacent Ann Mason deposit. In the northeast, hole EG-B-10-001 encountered a new zone of copper mineralization at the eastern end of a 5 kilometre-long induced polarization ("IP") anomaly. Updated maps of the area can be viewed on the Honey Badger?s website at www.honeybadgerexp.com. Blackjack Property The Blackjack Property, which is subject to an option agreement with Entr?e Gold Inc. (TSX:ETG; NYSE AMEX:EGI; Frankfurt:EKA ? ?Entr?e?), is contiguous with and lies to the north of Entr?e?s Roulette Property and west of the Ann Mason deposit. Seven Diamond drill holes totalling 2,820 metres have been completed and full assays received. These holes tested specific geophysical anomalies, as well as anomalous copper geochemistry interpreted to represent the continuation of the Blue Hill copper zone across the property boundary from Ann Mason. Five of the holes were sited on the possible westward extension of the Blue Hill zone of mineralization; the upper portions of all five holes are strongly oxidized and iron-rich, with occasional oxide copper minerals noted. The most significant copper occurs as sulphide mineralization in drill hole EG-B-10-004 (see Table 1), which is located more than 900 metres northwest of the oxide and sulphide copper mineralization drilled on the adjacent Ann Mason property. Narrow intervals of copper mineralization in EG-B-10-001, located at the northeast corner of the Blackjack Property, occur as coarse chalcopyrite in silicified breccias. Hole EG-B-10-001 also confirmed the presence of sulphide (predominately pyrite) mineralization in granodiorite intruded by quartz monzonite porphyry dykes at the eastern limit of a 5 kilometre-long, east-west trending induced polarization ("IP") anomaly. The IP anomaly is interpreted to be separate from the Ann Mason/Blue Hill porphyry mineralization and may represent a westward extension of the MacArthur and Gallagher zones of mineralization currently being explored by Quaterra Resources Inc. The Gallagher area is located immediately east of the property boundary, and Quaterra Resources recently announced the intersection of porphyry-style copper mineralization grading 0.74% Cu over 76 feet (23 metres) in hole QM-46 from this newly-discovered zone. The Company?s consulting geologist, Craig Scherba, P. Geol., commented, ?The 2010 drilling program was designed to test for the hypothesized extensions of copper porphyry mineralization from the Blue Hills, MacArthur and Gallagher areas. As 5 of the 7 drill holes intersected significant mineralization, the exploration program should be considered a resounding success.? With the following results, the copper mineralization defined to date confirms the Company?s belief that Yerington has the potential for additional undiscovered copper deposits. Table 1. Significant drill intercepts, Blackjack property, Nevada Drill Hole | From
(m) | To
(m) | Length
(m) | Cu
(%) | EG-B-10-001 | 444.00 | 448.00 | 4.00 | 0.441 | EG-B-10-003 | 218.00 | 230.00 | 12.00 | 0.177 | EG-B-10-004 | 136.00 | 156.00 | 20.00 | 0.197 | including | 136.00 | 150.00 | 14.00 | 0.239 | EG-B-10-006 | 0.28 | 4.00 | 3.72 | 0.359 | EG-B-10-007 | 96.00 | 106.00 | 10.00 | 0.124 |
Exploration programs and related budgets for 2011 are currently being reviewed by Entr?e and will be announced once approved by their board of directors. Qualified Person Robert Cann, P.Geo., Entr?e's Vice-President Exploration, a Qualified Person as defined by National Instrument 43-101 ("NI 43-101"), has reviewed the technical information contained in this release. Quality Assurance And ControlSplit core samples were prepared and analyzed at ALS Minerals in Reno, Nevada and Vancouver, BC. Prepared standards, blanks and duplicates are inserted at the project site to monitor the quality control of the assay data. Drill intersections described in this news release are based on core lengths and may not reflect the true width of mineralization. About HoneyBadger Exploration Inc. Honey Badger Exploration is a gold and base-metals exploration company headquartered in Toronto, Ontario, Canada. The Company?s current exploration projects are focused in the mining-friendly State of Nevada. The ?Yerington Project? is a copper porphyry and skarn property near the town of Yerington, and positions the Company for new exploration in prolific copper districts. 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 HoneyBadger Exploration Inc. Brent Nykoliation Vice President of Business Development Tel.: (416) 364-4029 Fax: (416) 364-2753 Email: bnykoliation@honeybadgerexp.com Or Kirk McKinnon, President and Chief Executive Officer or Richard Schler, Chief Operating Officer and CFO This News Release contains forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable securities laws and the United States Private Securities Litigation Reform Act of 1995, with respect to its exploration results, the potential for discovery of additional mineralized zones and future exploration programs and budgets. These forward-looking statements are made as of the date of this news release. Users of forward-looking statements are cautioned that actual results may vary from the forward-looking statements contained herein. While the Company has based these forward-looking statements on its expectations about future events as at the date that such statements were prepared, the statements are not a guarantee of the Company's future performance and are subject to risks, uncertainties, assumptions and other factors which could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Such factors and assumptions include, among others, the effects of general economic conditions, the prices of gold and copper, changing foreign exchange rates and actions by government authorities, uncertainties associated with legal proceedings and negotiations and misjudgments in the course of preparing forward-looking statements. In addition, there are known and unknown risk factors which could cause the Company's actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results no! t to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company is under no obligation to update or alter any forward-looking statements except as required under applicable securities laws. |