Honey Badger Exploration Inc.

TSX VENTURE : TUF


Honey Badger Exploration Inc.

May 14, 2014 08:00 ET

Honey Badger Completes Winter Exploration Program on Sagar IOCG Property

TORONTO, ONTARIO--(Marketwired - May 14, 2014) - Honey Badger Exploration, Inc. (TSX VENTURE:TUF) ("HBE" or the "Company") has completed the initial exploration program on its Sagar - Iron Oxide Copper Gold ("IOCG") property in Quebec's Labrador Trough region. This program included a detailed Spectral - Induced Polarization ("IP") and resistivity survey, a regional internal field gradient survey and a three-week field program. Honey Badger's fieldwork concentrated on identifying, logging and re-sampling selected intervals from historical drill core. These samples were then shipped to a certified laboratory for whole rock analysis. Assay results are pending.

Spectral IP

ClearView Geophysics ("ClearView") completed 17.2 line-kilometres of Spectral IP/Resistivity surveys over a strike length of 2.2 kilometres. It followed a magnetic high zone, which begins in the West where it corresponds with the Delhi Pacific Showing that was intersected by drilling in 1962. Results show that a chargeability high zone/resistivity low zone follows this magnetic high trend from the West until it becomes splayed at several potentially graben-style faults or slough zones in the East.

ClearView also completed a 3D inversion model that shows a dominant zone tracking along the magnetic high zone from the Delhi Pacific Showing which then appears to arc southward before abruptly terminating at a fault. On the east side of the fault, a much broader anomaly could be the result of pooling of hydrothermal fluids against this earlier formed fault zone. The anomaly associated with the Delhi Pacific Showing extends for over 2 kilometres east of the historical drilling. This data will be used to target new drill holes for the upcoming summer exploration program.

At the Delhi Pacific showing, historically 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** from the Taché showing contain over 5 g/t gold, up to 44.7 g/t silver, 0.83% cobalt, and up to 3.1% copper.

* Lengths reported are drill intersected core and do not represent true widths.

** Grab samples are selective by nature and are unlikely to represent average grades of the deposits.

Internal Field Gradient

An Internal Field Gradient ("IFG") survey was conducted by EMpulse Geophysics on the Sagar property. As an enhancement over conventional tipper data, the three vector components of the magnetic field were simultaneously collected at two stations 100 metres apart. This measured the gradient of the magnetic field associated with channeled current systems in the earth. Three hundred and seventy-nine (379) stations were collected on three separate survey grids, over and near magnetic features of interest in the general area of the Romanet Horst.

Extremely large tipper anomalies, near to and even exceeding unity amplitude, were noted in several locations, especially in the general area of an East-West magnetic lineament interior to the Romanet Horst. This indicates that extremely high conductivity contrast anomalies are present in this area of the Sagar property. This is typically what would be expected of a deep routed structural fluid pathway and further supports the interpretation that Sagar has the typical characteristics of an IOCG deposit.

Very large tipper anomalies, greater than 0.5 amplitude, were also found on the South-West edge of the Romanet Horst, indicating that multiple target areas are present on the property.

Three-dimensional inversion of this very anomalous tipper data set will begin shortly and will be augmented by later analysis of the IFG data for more precise targeting of drill-holes.

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 Quebec 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 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.

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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