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).
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