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Honey Badger Exploration Inc.

Publié le 10 septembre 2014

With Insights From Summer Exploration, Honey Badger Outlines Fall 2014 Exploration Program

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Mots clés associés :   Canada | Cobalt | Copper |

With Insights From Summer Exploration, Honey Badger Outlines Fall 2014 Exploration Program

TORONTO, ONTARIO--(Marketwired - Sep 10, 2014) - Honey Badger Exploration Inc. (TSX VENTURE:TUF) ("Honey Badger" or the "Company") outlines its 2014 Fall Exploration Program, targeting potential polymetallic Iron Oxide Copper Gold ("IOCG") and lode gold discoveries at its Sagar Property in Northern Québec. The company has established three priority IOCG targets and two main gold targets, with plans to commence exploration work in September 2014. Exploration work will include diamond drilling, bedrock sampling, channel sampling, mapping and continued structural analysis. A presentation on the Sagar Property will be available on our website at www.honeybadgerexp.com.

The following are brief descriptions of the IOCG and gold targets, and map highlighting the location of the targets and the two main structural domains identified on the property to date:

New Insights from the Summer 2014 Exploration Program

IOCG TARGETS:

Waterfall, Lac Plisse and Raven

Surficial mapping and prospecting delineated a series of moderate to strong IOCG alteration centers distributed along a structural boundary between the two main structural domains and into Structural Domain 2. IOCG alteration extends to the Delhi trend and contributed to the formation of the observed mineralization. In the Lac Plisse, Raven and Waterfall areas, systematic measurements with handheld x-ray fluorescence ("XRF") and historical assays on grab samples show gold and pervasive copper enrichments in the vicinity and within the identified IOCG alteration zones. The Waterfall target is well defined and will be drilled as part of the company's exploration program beginning in late September. Furthermore, detailed mapping and sampling will be completed on all three IOCG targets.

GOLD TARGETS:

Aureus

A new lode gold showing (the 'Aureus Showing') was discovered, with surficial quartz-carbonate veins varying from 0.3 metres to greater than 2 metres in thickness within a shear zone that was traced on surface for over 130 metres and is visible in air photos for over 700 metres. The single sample assayed at the Aureus Showing returned a gold value of 1915 g/t (61.57 oz/t)*, and a silver value of 48.9 g/t. The Company's fall exploration program will include a detailed geologic mapping and sampling program over the Aureus Showing, followed by diamond drilling.

* This bedrock sample was a selective sample chosen to test for the presence of gold as neither the XRF nor the XRD are considered reliable for this metal. The grades and mineralization present are not necessarily representative of other mineralization that may be identified on the property.

Kish and Eagle

Significant effort has been spent over the years at Sagar searching for the elusive source of the Boulder Field area. The new structural and mineralogical examination conducted this summer has determined that the boulders have the same mineralogical makeup as Structural Domain 2. These analyses strongly suggest that the boulders were from the same trend as the Kish and Eagle showings within Domain 2. The boulders within this area have gold assays ranging from 11.7g/t to 640 g/t with an average of 64.9g/t gold in the 70 mineralized boulders sampled.

Figure 1 illustrates the Fall 2014 IOCG and lode gold exploration targets in relation to structural domains.

To view Figure 1 please click on the following link: http://media3.marketwire.com/docs/TUF0910.pdf

Delhi Pacific Update

A combination of drilling and geophysical analysis of the Delhi Pacific showing confirmed the extent and grades of historically reported mineralization, as well as extending the mineralization at depth and along strike for at least 3 kilometres. With insights from the 2014 Summer Exploration Program, Honey Badger will focus its 2014 Fall exploration efforts on the previously identified IOCG and gold targets.

Fall Work Program 2014

The upcoming work program in late September 2014 will consist of bedrock sampling, channel sampling, mapping and continued structural analysis as well as approximately 2,500 metres of diamond drilling, The drilling will begin on the Lac Plisse, Raven and Waterfall zones as these are interpreted to offer the greatest potential for an IOCG discovery. The Aureus zone will be mapped and additional samples taken with the objective of also drilling on this zone during the fall program. The potential source of the Boulder Field will be subject to additional sampling and structural analysis and if warranted some limited drilling will be done during this program.

Additional Information about the Sagar Property

New Structural Interpretation

Structural geologic mapping, in conjunction with geophysical and remote sensing analyses, determined that the Romanet Horst - the geologic structure that hosts the Sagar Property, consists of at least 3 different structural domains. This interpretation is significant as it not only constrains target areas but it also assists the Company in the prioritization of structural 'traps' which provide the potential to find mineralization in volumetric significant quantities.

Geophysics Enhances Targeting

Three-dimensional ("3D") inversions of the magnetic, gravity and tipper data identified 15 targets across two of the structural domains. These were prioritized based on structural, geologic and geochemical analysis. The targets vary in depth from less than 200 metres to more than 600 metres. The shallower targets are generally more conductive than the deeper targets; however the deeper anomalies appear to be associated with geologic structures that are more consistent with IOCG deposits.

Geologic and Geochemical Advancements

The Summer exploration program determined that the Romanet Horst lies within a regionally mineralized iron oxide alkali alteration system and that it exhibits all the structural and alteration characteristics associated with IOCG deposits. By integrating structural geology, geophysics and alteration mineralogy, the Company has established exploration vectors for 9 discrete target areas. Figure 1 illustrates the Fall 2014 exploration targets in relation to structural domains.

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. It 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.

Honey Badger has an earn-in option with Energizer Resources Inc. (EGZ.TO) to initially acquire a 35% interest in the Sagar Property with an option to acquire up to 100% in consideration of cash payments, share issuances and work commitment expenditures as outlined in the News Release dated August 5, 2014.

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".

For more information, please visit our website at http://www.honeybadgerexp.com.

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.

This News Release contains forward-looking statements. Forward-looking statements are statements that 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.

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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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