Clear Lake




About Clear Lake


Highlights:

  • Historical inferred resource prepared by SRK Consulting in 2010 in accordance with National Instrument 43-101 (“NI 43-101”) of 5.5 million ounces of silver at 22 grams per tonne, in addition to 1.3 billion pounds of zinc grading 7.6% zinc and 185 million pounds of lead grading 1.08%(A)(B);
  • Highly accretive acquisition cost;
  • Property benefits from Class 3 Land Use Approval valid until 2029, which allows for up to 31,500 metres of diamond drilling and 2000 metres of reverse circulation drilling;
  • Good potential to confirm and possibly incrementally expand existing resources with diamond drilling and discovery of additional mineralization on the property.
  • The Mineral Resource Estimate is historic.  It was estimated by SRK Consulting (Canada) in February 2010 for Copper Ridge Inc. A qualified person has not done sufficient work to classify the historic estimate as a current mineral resource and the Company is not treating the historical estimate as a current mineral resource.


5.5Moz of silver, 1.3Blbs of zinc and 185Mlbs of lead

  • Clear Lake classified as a SEDEX massive-sulphide deposit
  • SEDEX deposits contain significant amounts of silver while accounting for approximately 50% of the world’s current zinc and lead reserves(11)

Property benefits from a Class 3 Land Use Approval valid until 2029
Allows for up to 31,500 metres of diamond drilling and 2000 metres of reverse circulation drilling


About Clear Lake

Clear Lake hosts a historical NI 43-101 Inferred Resource prepared by SRK for Copper Ridge Exploration in 2010.

Chad Williams, Chairman of Honey Badger stated, “The Clear Lake acquisition represents a milestone as we acquire, on an extremely value-accretive basis, a quality asset with in-situ silver resources in one of the best mining jurisdictions in the world, where we are currently active at our higher-grade Plata silver project. This acquisition demonstrates our stated strategy of identifying and executing highly accretive targeted silver acquisitions. Clear Lake not only provides our shareholders with exposure to silver resources but also offers the possibility of unlocking value from the significant zinc and lead endowment, which is not of primary interest to Honey Badger, in a royalty/stream spin-off or even potentially other innovative instruments, such as a commodity-linked non-fungible token (“NFT”) – watch for more news on this front.”



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Unit 1 – 15782 Marine Drive
White Rock, British Columbia V4B 1E6

+1 (604) 828-5886

www.honeybadgersilver.com

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