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Honey Badger Exploration Inc.

Publié le 16 juillet 2014

Honey Badger Targets Potential IOCG (Iron Oxide Copper Gold) Deposit at Its Sagar Property in Northern Quebec

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Mots clés associés :   Canada | Cobalt | Copper |

Honey Badger Targets Potential IOCG (Iron Oxide Copper Gold) Deposit at Its Sagar Property in Northern Quebec

TORONTO, ONTARIO--(Marketwired - Jul 16, 2014) - Honey Badger Exploration Inc. (TSX VENTURE:TUF) ("HBE" or the "Company") has completed the interpretation of the geophysical data over the Delhi Pacific copper showing on its Sagar Property. The coincident gravity, magnetic, electromagnetic ("EM") and induced polarization ("IP") anomaly associated with the Delhi showing are typical of those expected from an Iron Oxide Copper Gold ("IOCG") deposit.

The IOCG model is further supported by the presence of a favourable structural setting for an IOCG deposit, namely the abundance of polymetallic showings (copper-gold-silver-cobalt) and the presence of diagnostically verified IOCG hydrothermal alteration.

At the Delhi Pacific showing, historical significant drilling intersections include 45.81 metres @ 0.51% copper and 10.7 metres @ 0.78% copper. While these intersections were not tested for silver, gold or cobalt, historic and recent grab samples* contain up to 1.8 grams per ton ("g/t") gold, and up to 35 g/t silver.

*Grab samples are selective by nature and are unlikely to represent average grades of the deposit(s).

The selection of new drill targets is based on an interpretation of the IP/Resistivity, airborne magnetics, ground gravity and airborne EM data. In the winter of 2014 ClearView Geophysics Inc. completed a Surface Spectral IP survey over part of and extending east of the Delhi Pacific showing (Figure 1).

To view 'Figure 1 - Surface Spectral Induced Polarization survey location lines', please visit the following link: http://media3.marketwire.com/docs/honef10715.pdf

The interpretation indicates an anomaly associated with the historic drilling at Delhi that increases both in intensity and size east of these drill holes for more than 1.5 kilometres. The apparent resistivity data is presented in Figure 2 (red-purple indicates low resistivity and represents the target area):

To view 'Figure 2 - Resistivity Data at Delhi Pacific', please visit the following link: http://media3.marketwire.com/docs/honef20715.pdf

The gravity data indicates that the southwest side of the magnetic high zone at Delhi Pacific coincides with a gravity low feature, whereas to the north is a gravity high. This indicates that the resistivity low/chargeability/electromagnetic target is located along a major structure that represents a favourable event for IOCG mineralization. The target area at Delhi covers more than 3 square kilometres: approximately 1.5 kilometres in strike length multiplied by an average width of 200 metres (Figure 3).

To view 'Figure 3 - Resistivity Data at Delhi Pacific', please visit the following link: http://media3.marketwire.com/docs/honef30715.pdf

To view 'Figure 4 - Magnetic Inversion over Delhi Pacific', please visit the following link: http://media3.marketwire.com/docs/honef40715.pdf

HBE Summer Drill Program

HBE has contracted Norex drilling of Timmins, Ontario to conduct a drill program approximating 5000 metres on the Sagar Property. The summer exploration program currently underway will also include additional sampling, mapping and geophysics.

About the Sagar Property

The Sagar Property is comprised of a series of claims totaling 107 square kilometres within the Labrador Trough, 200 kilometres north of Shefferville, Québec. 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 g/t gold.

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 Québec and British Columbia. The company's common shares trade on the TSX Venture Exchange under the symbol "TUF".

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.

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Honey Badger Exploration Inc.

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Honey Badger est une société d’exploration minière d'argent et d'or basée au Canada.

Honey Badger détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont BUCKSKIN NORTH, BLACKJACK PROPERTY et ROULETTE PROPERTY en USA et LIMONITE CREEK, STEALTH et WARM SPRINGS au Canada.

Honey Badger est cotée au Canada. Sa capitalisation boursière aujourd'hui est 6,6 millions CA$ (5,2 millions US$, 4,6 millions €).

La valeur de son action a atteint son plus haut niveau récent le 31 décembre 2007 à 0,20 CA$, et son plus bas niveau récent le 15 mai 2020 à 0,01 CA$.

Honey Badger possède 100 788 849 actions en circulation.

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Rapports annuels de Honey Badger Exploration Inc.
2007 Annual Report
Nominations de Honey Badger Exploration Inc.
24/09/2013Appoints New Chairman of the Board and Officers
13/09/2013Announces Resignation of President and CEO
04/07/2011Announces Results of Annual Meeting of Shareholders and Meet...
11/02/2008Announces Appointment of New Management and Directors
Projets de Honey Badger Exploration Inc.
09/05/2011(Blackjack Property)Announces Sale of Nevada Blackjack Property to Entree Gold
08/06/2010(Blackjack Property)Commences Drill Program
03/03/2010(Blackjack Property)& Entrée Gold to Drill Copper-Molybdenum Targets
28/02/2008(Iron Cap)Significantly Expands Iron Cap Property Land Position in Cop...
Communiqués de Presse de Honey Badger Exploration Inc.
26/01/2016Honey Badger Acquires Additional Claims in the LG Diamond Pr...
29/09/2015Honey Badger Exploration Announces Acquisition of LG Diamond...
26/08/2015Honey Badger Exploration Announces Appointment of New Chief ...
25/08/2015Honey Badger Exploration Announces Appointment of New Chief ...
02/03/2015Honey Badger Continues to Expand IOCG Potential at its Sagar...
27/02/2015Honey Badger Continues to Expand IOCG Potential at Its Sagar...
23/02/2015Honey Badger Exploration to Exhibit at the 2015 PDAC Interna...
09/01/2015Honey Badger to Exhibit at the 2015 Vancouver Resource Inves...
12/12/2014Honey Badger Announces Closing of Private Placement
19/11/2014Honey Badger Provides Sagar Exploration Update
03/11/2014Honey Badger Revises Terms and Extends Private Placement Fin...
09/10/2014Honey Badger Provides Update on Current Exploration Program ...
26/09/2014Honey Badger Extends Closing Date of Private Placement Finan...
23/09/2014Honey Badger Provides Exploration and Financing Overview
10/09/2014With Insights From Summer Exploration, Honey Badger Outlines...
03/09/2014Honey Badger Continues to Expand Sagar Property Potential: N...
15/08/2014Honey Badger Exploration Inc.: Update on Previously Announce...
14/08/2014Honey Badger Provides Exploration Update at Sagar
05/08/2014Honey Badger Exploration Announces New Terms of Sagar Proper...
16/07/2014Honey Badger Targets Potential IOCG (Iron Oxide Copper Gold)...
07/07/2014Honey Badger Exploration Announces Results from its Annual G...
03/07/2014Honey Badger Identifies Geochemistry Associated With IOCG (I...
25/06/2014Honey Badger Announces Brokered Private Placement
29/05/2014Honey Badger Files Preliminary Short Form Prospectus for New...
14/05/2014Honey Badger Completes Winter Exploration Program on Sagar I...
12/07/2013Identifies Potential for New Gold Zones on Radisson Property...
31/05/2013Announces Proposed Consolidation and Advance Notice Provisio...
22/03/2013Begins Drilling Gold Targets on Radisson
01/03/2012to Exhibit at the 2012 PDAC International Trade Show & Inves...
28/02/2012Successful Soil Sampling Program Outlines 18 Gold Targets fo...
07/06/2011Re: Postal Disruption-Please See Alternative Voting Procedur...
30/05/2011Announces Proposed Share Consolidation at Upcoming Annual an...
26/08/2009Finalizes Agreement with Entrée Gold
02/05/2006$1 million financing closes
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