QUEBEC – Toronto-based Honey Badger Ltd. says geochemical testing of samples from its Sagar property indicate that the metal associations, alteration mineral assemblages and alteration facies identified are typical of those associated with iron oxide copper gold (IOCG) mineralization.
The company first floated the idea of an IOCG deposit in the Labrador Trough in March 2014. The 169 grab samples collected last winter had anomalous copper (up to 7.36%), gold (up to 500 ppb), silver (up to 24.9 g/t), and cobalt (up to 0.66%). Preliminary geophysical interpretations indicate that the mineralization may extend beyond 300 or 400 metres but is covered by overburden.
The same samples were tested by both thin section analysis to identify the alteration minerals and by geochemical testing to identify the alteration facies.
More information about the Sagar property is available at HoneyBadgerExp.com. Honey Badger holds a 75% interest and joint venture partner Energizer Resources a 25% interest in the early stage project.