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Honey Badger acquires additional claims in LG Diamond project

EBR Staff Writer Published 27 January 2016

Honey Badger Exploration has staked ten additional claims (2 blocks) in the LG Diamond Project in Northern Quebec and continues to work on prioritizing drill targets.

Geophysical modelling and compilation of historic work revealed additional promising magnetic anomalies interpreted as possible kimberlites. These have now been staked as part of the LG Diamond Project.

In addition, the compilation of previous work in the area revealed multiple occurrences of indicator minerals and chemical anomalies in lake sediments that are indicative of kimberlites. Many of the indicator mineral occurrences are located down-ice of the Company's magnetic anomalies.

Quentin Yarie, President and CEO, commented "Our initial review of historical data revealed additional targets and kimberlite indicators in the area covered by the LG Diamond Project. These all occur in a geological environment favourable to kimberlites. The company is eager to pursue its search of additional promising targets and consolidate its position in this prospective area for diamond exploration."

LG Diamond Project Highlights

Located in the James Bay region of Québec, close to road and power lines

Local geological environment is favourable for diamondiferous kimberlites

Property package consists 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

Exploration agreements are in place with local First Nations

Quentin Yarie, PGeo. is the qualified person responsible for preparing, supervising and approving the scientific and technical content of this news release and is responsible for overseeing all aspects of the company's exploration programs.

Source: Company Press Release