Honey Badger Silver (TSXV:TUF), a Canadian pure play silver company, announced last week that it has engaged Archer, Cathro, and Associates to complete a 3D geological modelling study to help develop and refine targets at the Plata Silver Property in east-central Yukon. Plata Silver is a 5,690 hectare property at which recent analysis showed compelling target areas for follow-up. The company expects results of the analysis to be released in coming weeks, after currently interpretations are finalized.
Chairman of Honey Badger Silver, Chad Williams stated in a press release, “Plata has produced high-grade silver from small-scale mining in the past and currently hosts 32 showings(2), many of which have returned high-grade silver, lead and zinc values, from drilling and trenching. My site visit to Plata last summer served to highlight the great potential of this property and we are delighted to be partnered with Archer Cathro, a highly regarded and sophisticated group of geoscientists that have had tremendous success in the Yukon over the past forty years. We look forward to leveraging their deep knowledge to identify the most prospective targets at Plata and in planning our Summer 2022 program.”
Following the extremely successful findings from the Company’s 2021 Field Program at Plata, which uncovered Keno Hill-style high-grade silver-lead-zinc values from a number of prospects that were evaluated and mapped, this study was commissioned. The Plata and Keno Hill regions, according to Archer Cathro geologists, have many similarities.
The second-largest silver producer in Canada is Keno Hill, located 165 kilometers west of the Plata Silver Property. Between 1913 and 1989, it produced more than 200 million ounces of silver at an average grade of 44 oz/t (oz/t). Alexco Resource Corp., which owns and runs the majority of Keno Hill’s historic mining operations, restarted concentrate production and shipments in the first quarter of 2021, with commercial output expected to begin shortly.
The following is a recap of highlights from the 2021 Plata Summer Work Program:
- Assays received confirmed the presence of Keno Hill-style high-grade silver including:
- 16,887 g/t silver and 67.99% lead from a rock sample (float) at the P1 Zone, 4,300 g/t silver, 22.00% zinc and 46.40% lead over 1.0 metre from a channel sample at the P2 Zone and 2,720 g/t silver, 72.63% lead from a rock sample (outcrop) at the P26 Zone associated with Type I veins;
- 4,500 g/t silver, 7.26 g/t gold and 24.13% lead over 0.85 metres from the Aho Zone, which extends over 800 metres along strike, associated with Type II veins;
- 5,190 g/t silver, 4.24 g/t gold, 24.4% lead and 3.62% zinc- obtained from composite grab samples from approximately 90 historic ore bags.
- The property hosts 32 hard rock showings that have seen minimal past exploration as well as eight strong multi-element soil anomalies suggesting additional zones along trend that have seen little to no follow-up work, which offer excellent potential for new discoveries.
Source: Honey Badger Silver