Bayhorse Engages Geotech to Conduct Vtem Survey of Bayhorse Silver MINE Property.
December 18, 2023 BHS2023-16
BAYHORSE ENGAGES GEOTECH TO CONDUCT VTEM SURVEY OF
BAYHORSE SILVER MINE PROPERTY.
Bayhorse Silver Inc, (BHS: TSX-V, BHSIF: OTCQB, 7KXN: FRANKFURT) (the
“Company” or “Bayhorse”) has engaged Geotech Ltd. to conduct a helicopter- borne
VTEM and Horizontal Magnetic Gradiometer Geophysical Survey ove r its Bayhorse
Silver Mine Property, Oregon, USA.
The VTEM survey over the entire Bayhorse property in both Idaho and Oregon (Figure
1) is to determine whether a long-postulated feeder anomaly is present that could
indicate the presence of either m ore high-grade silver minerali zation as present at the
Bayhorse Mine or a porphyry copper deposit.
The Company anticipates that, depending on the availability of the equipment, the
approximate 75-line km survey will commence within the next 30 days. The survey will
cover the entire Bayhorse property.
Historic geological mapping (Figure 1) shows that the rhyolite body hosting silver
mineralization at the Bayhorse Mine in Oregon extends into Idah o. Recent geological
mapping by Dr. Clay Conway identified numerous copper-silver sh owings and old
surface workings.
Since the Hercules Silver discovery of a copper porphyry deposit approximately 40 km
(26 miles) north-northeast of the Bayhorse Mine (see Figure 2 b elow), and Hercules
acquiring a second property 24 km (14 miles) NE of Bayhorse, th e Company is aware
that significant staking of additional claims by a number of st aking parties (including
the Company) on properties between the Bayhorse Silver Mine and Hercules ground has
taken place, including the Wolf Creek Property, 11 Km (7 miles) to the northeast of
Bayhorse.
Figure 1.
The Bayhorse and Hercules Silver p roperties, and the recently s taked Wolf Creek
prospect, have similar geological settings and copper/silver mi neralization, including
significant copper, antimony, and zinc credits. This has spurre d Bayhorse to extend
further the known silver-rich zone s, including exploring potent ial areas at the Mine to
depth.
Gold grades up to 10 grams/tonne were reported at the Bayhorse Mine during the
historic 1984 mining program. Dr, G.E. Ray, P.Geo., sampled the h i g h e s t g r a d e o f
silver/copper at 15% silver and 17% copper as reported in (BHS NR January 14th,
2014).
On December 12th, 2021, during the 2021-2022 drill program at t he Bayhorse Mine,
there was an unreported assay result in a 0.6 m (2 ft) drill in tersection of 3.06% copper
and 46 g/t silver. Other drill intersections during the 2020/2021 drill program were only
assayed for the silver content. They will be re-assayed for copper and other base metals.
The Company’s geological consulta nts, Drs. Ray and Conway, and geologist Mark
Abrams, CPG, all who are QP’s, in conjunction with the Geotech Ltd. Geophysics team
will determine how best to test to depth any underlying mineral ization below
the known mineralized horizon. This testing will initially be b y drilling from
the extensive historic underground workings at the Bayhorse Mine.
It is possible that the silver-rich Bayhorse epithermal mineral ization may be underlain
by a gold-rich zone, as suggested by Buchanan’s 1981 model (Figure 3).
Figure 2
Figure 3. Idealized section of a bonanza epithermal deposit after Buchanan (1981).
This News Release has been prepared on behalf of the Bayhorse Silver Inc. Board of
Directors, which accepts full responsibility for its content. Dr. G.E. Ray, P.Geo, a
Qualified Person and Consultant to the Company has prepared, supervised the
preparation of, and approved the technical content of this press release.
On Behalf of the Board.
Graeme O'Neill, CEO
866-399-6539
About Bayhorse Silver Inc.
Bayhorse Silver Inc. is an exploration and production company w ith a 100% interest in the historic
Bayhorse Silver Mine located in Oregon, USA. With state of the art Steinert Ore-Sorting technology
reducing waste rock entering the processing stream by up to 85% , we have created a minimum
environmental impact facility capable of mining 200 tons of min eralization per day and the ability to
process and supply 3,600 tons per year of silver/copper/antimon y concentrate ranging between 7,500
to 15,000 g/t silver and 10-12% c opper, 10-12% antimony, and 15 -18% zinc using standard flotation
processing at its milling facility in nearby Payette County, Id aho, USA, with an offtake agreement in
place with Ocean Partners UK Limited. The Company also has an option to acquire an 80% interest in
the Brandywine high grade silver /gold property located in B.C. Canada. The Company has an
experienced management and technical team with extensive mining expertise in both exploration and
building mines.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts res ponsibility for the adequacy or accuracy of this
release.