Toronto, Ontario – June 8, 2016 -Honey Badger Exploration Inc. (TSX-V: TUF) (“Honey Badger” or the “Company”) announces that it completed both a helicopter magnetic geophysical survey and a preliminary sampling program on its Company's LG Diamonds Project located in Northern Quebec.
The new geophysical survey identified numerous isolated circular anomalies. The anomalies are located along interpreted deep major liniments that could represent conduits or pathways for kimberlites. Prospecting and sampling near the targets resulted in numerous potassium rich ultramafic rock units that can be associated with kimberlites. These samples will be sent in for geochemical analysis. No bedrock samples were able to be collected at our highest priority targets as the targets themselves are covered with what appear to be shallow swamps.
Quentin Yarie, President & CEO, commented: "The magnetic model developed from the recent survey has provided promising results, indicating several anomalies extend beyond 1000m depth. The observation of surface depressions associated with magnetic lows supports the potential for kimberlites on the LG diamonds property. We are in the process of finalizing our future drill program based on these results."
Modeling of the newly acquired magnetic data has confirmed the LG targets have magnetic anomalies typical of kimberlite like features. As an example KB3 (Figure 1) is an isolated magnetic low of approximately 300nT with modelled surface dimensions of 212.4 metres X 128.8 metres and interpreted depth extend >1 kilometer. Note: that in the Body Properties boxes the Length (A) and (B) are radii not diameter.
About Honey Badger Exploration Inc.
Honey Badger Exploration is a gold and diamond exploration company headquartered in Toronto, Ontario, Canada with properties in Québec and British Columbia. The newly acquired Wemindji claims total 29 claim blocks covering 1,383 hectares within 30 kilometres of the town of Wemindji, Quebec The company's common shares trade on the TSX Venture Exchange under the symbol "TUF".
The Company is currently focused on the advancement of the LG Diamonds Project located in the James Bay region of Quebec:
- Total of 55 claims covering 2,765 hectares
- 9 claim blocks are centered on circular magnetic anomalies
- Each magnetic anomaly could be a potential kimberlite pipe
- Lake sediments near the magnetic anomalies contain kimberlite indicators
- The local geological environment is favourable for diamondiferous kimberlites
- Exploration agreements are in place with local First Nations
Quentin Yarie, P.Geo., is the qualified person in regard to the technical data contained within this news release and has approved the scientific and technical content of this news release.
For more information about the Company visit http://www.honeybadgerexp.com
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