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Honey Badger Identifies Potential for New Gold Zones on Radisson Property, Quebec

Jul 12 2013 12:00AM

Marketwire

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TORONTO, ONTARIO -- (Marketwired) -- 07/12/13 -- Honey Badger Exploration Inc. (TSX VENTURE: TUF) ("Honey Badger" or the "Company") announces the results of the Spring 2013 drill program on the Radisson Gold property. The company completed 827 meters in four drill-holes to test 4 different gold targets on the property, including gold-bearing shear zones and deformed banded iron-formations. Drill-holes RA-13-01 to RA-13-03 tested the eastern section of the property whereas drill-hole RA-13-04 tested its western section.

The initial drilling has provided geological information that will provide insight into the technical requirements for further analysis of the property. Additional geochemical and geological analysis will be completed as is typical of grass roots exploration.

Drill hole RA-13-03 tested a shear zone bounding the sedimentary-dominated domain to the north. This structure is characterized by deformed and intercalated sedimentary rocks and gabbro dykes. Best gold values were obtained from the upper contacts of the dykes with 3.71 g/t gold over 1.0 meter included in a broad anomalous zone assaying 0.44 g/t gold over 17.56 meters.

Drill-hole RA-13-02 intersected 4.67 g/t gold and 9.8 g/t silver over 0.55 meters at the targeted shear zone. This shear zone occurs at a geological domain boundary occurring between sedimentary rock units to the north and mafic volcanic rock units to the south. The same shear zone was also intersected with drill-hole RAD-13-01 that intersected anomalous gold value of 350 ppb gold over a 1.0 meter interval. Although the results are not economically significant, it demonstrates the strength of the geological model developed by Honey Badger.

Drill-hole RA-13-04 drilled the interpreted extension of a banded iron formation where surface grab samples had previously returned up to 7.87 g/t gold. No banded iron formation was present in this drill-hole and no significant results were obtained.

The Radisson gold property is located within the James Bay Mining District of Northern Quebec, 550 km north of Matagami. The underexplored 10,698 hectare gold property covers over 25 kilometers of favorable gold-bearing corridors hosting multiple gold occurrences. The property is located within an Archean-aged volcanic-sedimentary system about 10 kilometers west of the LG2 highway and is accessible via logging roads.

About The Radisson Property

James Bay, Quebec is soon to become one of Canada's newest mining districts with Goldcorp's low-cost, long life Eleonore gold project reaching production in late 2014. The Radisson project is characterized by the same regional geology and associated major structures found throughout each of the mining camps in the Shield.

The Radisson Property is a camp-scale property, measuring 10,698 hectares, with promising and widespread gold, copper and silver values. It is a gold property in the James Bay district, with excellent infrastructure (paved roads, power corridor). This mining district includes Goldcorp's Roberto Deposit (3.15 million ounces of measured and indicated gold resources at an average grade of 11.92 grams per tonne and 6.25 million ounces of inferred gold resources at an average grade of 12.93 grams per ton), and Eastmain's Eau Claire/Clearwater Deposit (1.84 million ounces gold).

Qualified Person

Jean-Philippe Desrochers, Ph.D., Geo. is a Qualified Person registered in Quebec as defined by NI 43-101 and has reviewed the technical information contained in this press release.

On-site Quality Assurance/Quality Control Measures

All samples have been shipped to ACTLABS to have two chemical analyses completed; Fire Assay Fusion and Total Digestion - ICP. All core samples were selected by the Honey Badger site geologist, and were cut in half by diamond core saw. Individual samples were labeled, placed in plastic sample bags and sealed. Groups of samples were then placed into durable rice bags that shipped out on an ongoing basis. The remaining coarse reject portions of the samples remain in storage at an ACTLABS preparation laboratory storage facility as required in the event that further work is needed.

Fire Assay Fusion

A sample size of 5 to 50 grams can be used but the routine 30 g size is applied for rock pulps, soils or sediments (exploration samples). The sample is mixed with fire assay fluxes (borax, soda ash, silica, litharge) and with Ag added as a collector and the mixture is placed in a fire clay crucible, the mixture is preheated at 850 degrees C, intermediate 950 degrees C and finish 1060 degrees C, the entire fusion process should last 60 minutes. The crucibles are then removed from the assay furnace and the molten slag (lighter material) is carefully poured from the crucible into a mould, leaving a lead button at the base of the mould. The lead button is then placed in a preheated cupel which absorbs the lead when cupelled at 950 degrees C to recover the Ag (dore bead) + Au.

Total Digestion - ICP

A 0.25 g sample is digested with four acids beginning with hydrofluoric, followed by a mixture of nitric and perchloric acids, heated using precise programmer controlled heating in several ramping and holding cycles which takes the samples to incipient dryness. After incipient dryness is attained, samples are brought back into solution using aqua regia.

With this digestion, certain phases may be only partially solubilized. These phases include zircon, monazite, sphene, gahnite, chromite, cassiterite, rutile and barite. Ag greater than 100 ppm and Pb greater than 5000 ppm should be assayed as high levels may not be solubilized. Only sulphide sulfur will be solubilized.

The samples are then analyzed using an Agilent 735 ICP. QC for the digestion is 14% for each batch, 5 method reagent blanks, 10 in-house controls, 10 samples duplicates, and 8 certified reference materials. An additional 13% QC is performed as part of the instrumental analysis to ensure quality in the areas of instrumental drift.

Independent Quality Assurance and Quality Control Protocol

A QA/QC program has been implemented to monitor all assays from the current drilling program. Samples are assembled batches and are continuously leaving the site for immediate testing. Included in each batch of samples are certified reference standards every 10 samples and blank samples comprised of sterile drill core placed in at random locations (approximately every 10-20 samples).

About Honey Badger Exploration Inc.

Honey Badger Exploration is a gold and base metals exploration company headquartered in Toronto, Ontario, Canada. The Radisson gold property was acquired under a signed letter of agreement with Eastmain Resources Inc. (TSX: ER) whereby the Company could earn up to a 60% undivided right, title and interest in the property. The Company's common shares trade on the TSX Venture Exchange under the symbol "TUF".

The Company continues to re-evaluate its projects and is actively searching for both partnerships to advance its grass root exploration projects and more advanced projects that may be coming available.

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

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. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. The foregoing information may contain forward-looking statements relating to the future performance of Honey Badger Exploration Inc. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially from Honey Badger plans and expectations. These plans, expectations, risks and uncertainties are detailed herein and from time to time in the filings made by Honey Badger with the TSX Venture Exchange and securities regulators. Honey Badger does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise. We seek safe harbour.



Contacts:
Honey Badger Exploration Inc.
Brent Nykoliation
Vice President of Business Development
(416) 364-7024
(416) 364-2753 (FAX)
bnykoliation@honeybadgerexp.com

Honey Badger Exploration Inc.
Kirk McKinnon
President & CEO
(416) 364-7024
(416) 364-2753 (FAX)
kmckinnon@honeybadgerexp.com
www.honeybadgerexp.com





Source: Marketwire


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