honey badger exploration inc
(HBEIF:OTC US)
honey badger exploration inc (HBEIF) Snapshot
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10/16/12 - $0.05
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Honey Badger Exploration Inc., an exploration stage company, engages in the acquisition and exploration of copper, gold, and base metal properties in Nevada, and British Columbia, Canada. The company was formerly known as Telkwa Gold Corp. and changed its name to Honey Badger Exploration Inc. in June 2008. Honey Badger Exploration Inc. was founded in 1992 and is headquartered in Toronto, Canada.
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honey badger exploration inc (HBEIF) Key Developments
Honey Badger Exploration Inc. announced that the Spring 2013 exploration program has commenced. The plan is to conduct a 1000 - 1500 metre drill hole program on prospective gold targets identified from geological work and, soil and rock sampling programs in 2011. The Radisson gold property is located within the James Bay Mining District of Northern Quebec, 550 km north of Matagami. The underexplored 20,340-hectare gold property lies within the Eleonore/Eau Claire Gold District and covers over 25 kilometers of favorable gold-bearing corridors hosting multiple gold occurrences. The property is located within an Archean-aged volcanic-sedimentary system about 10 kilometers west of the LG2 highway and is accessible via logging roads. The company selected 3 prospective gold targets for drill testing during this program. The remaining targets will be further evaluated by additional prospecting and trenching during the summer field season and will be drill tested in future programs.
Honey Badger Exploration Inc., Annual General Meeting, Jun 20, 2012., at 10:30 Eastern Daylight. Location: 141 Adelaide Street West. Agenda: To receive and consider the audited financial statements of the Corporation for the financial year ended December 31, 2011, together with the report of the auditors thereon; to appoint MSCM, Chartered Accountants, as the auditors of the company, and to authorize the directors to fix their remuneration; to elect five directors to serve until the next Annual General Meeting of Shareholders or until their successors are elected or appointed; to approve the continuation of the company's stock option plan as currently instituted; and to approve the share issuance in lieu of cash remuneration to directors and officers.
Honey Badger Exploration Inc. announced that the 2011 exploration program identified favorable geology with associated anomalous soil assays of gold, potassium and arsenic on the Radisson property. These results have prompted the Company to move forward with a 2012 drill program. The combined soil and rock sampling program and geological interpretation indicate that the Radisson property is highly favorable for hosting several types of gold deposits, including: gold-bearing shear zones, mineralized banded and folded iron formations, and strongly altered and mineralized potassium-altered intrusions. Anomalous soil and rock samples associated with the geologic formations have resulted in the identification and prioritization of 18 gold targets on Radisson. In addition, there is a distinct population with less than about 5% aluminum. For this low aluminum subset of soil data, there is a strong correlation between Gold and Arsenic, which indicates most likely that these samples are very quartz- rich and thus related to the quartz - vein system with obvious high gold potential. The Radisson gold property is located within the James Bay Mining District of Northern Quebec, 550 km north of Matagami. The underexplored 20,340-hectare gold property lies within the Éléonore/Eau Claire Gold District and covers over 25 kilometers of favorable gold-bearing corridors hosting multiple gold occurrences. The property is located within an Archean-aged volcanic-sedimentary system and is 10 kilometers west of the LG2 highway and is accessible by a logging road.

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HBEIF
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| Valuation | HBEIF | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | -- | Not Meaningful |
| Price/Book | 0.8x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | -- | Not Meaningful |
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