Bayhorse Engages Hdr Engineering to Conduct Ground Water Study at the Bayhorse MINE
August 21, 2023 BHS2023-06
BAYHORSE ENGAGES HDR ENGINEERING TO CONDUCT GROUND WATER STUDY
AT THE BAYHORSE MINE
Bayhorse Silver Inc, (BHS: TSX-V , BHSIF: OTCQB, 7KXN: FRANKFURT ) (the “Company”
or “Bayhorse”) announces that on August 17, 2023, it has engaged HDR Engineering of Boise, Idaho,
to conduct a ground water baseline study at its Bayhorse Silver Mine, Oregon, USA.
Subject to completion of the ground water baseline study, the C ompany expects to submit its final
Operation Permit Application (“A pplication”) to Oregon’s Depart ment of Mining and Geological
Industries (“DOGAMI”) for approval to recommence full mining op erations at the Bayhorse Silver
Mine.
The Company is required to submit a number of baseline studies to DOGAMI in support of its
Application. These baseline studies include vegetation, soil/overburden, climate/air quality/
precipitation (including modeling 100-year, 24-hour precipitation event), fish/aquatic biology,
wildlife (terrestrial/avian), surface water, groundwater, area seismicity, geology and geographic
hazards, mineralogy and chemistry and noise. Only the noise and groundwater baseline studies
remain to be completed. The groundwater testing requires the installation of three test wells on the
Bayhorse property.
Bayhorse CEO, Graeme O’Neill, comments, “while the baseline studies cover a comprehensive
number of subjects, the Company is incorporating into its baseline reports published data from the
substantial baseline studies already completed by Idaho Power Corporation (“IPC”) in support of
their relicensing application of their Hell’s Canyon Hydro-Electric Complexes to the US FEC that
commenced during 2000. The baseline data has since been submitted to, reviewed, and majorly
accepted by the regulatory authorities of both Oregon and Idaho, as well as the US EPA, (2022) in
their licensing approval process. The Bayhorse Mine is located on the Oregon side of IPC’s
Brownlee Dam Reservoir on the Snake River, that forms part of the Oregon/Idaho State boundary.
Graeme also comments that since the supply disruptions during t he Covid period, attention has been
drawn to the many critical minerals that have minimal production in the United States. At the Bayhorse
Flotation Mill in Payette, Idaho. Each ton of flotation concent rate produced at its flotation mill
contains, along with the silver c ontent, an average 10% antimon y, a US critical mineral, and.10%
copper. Very little antimony is mined in the U.S., and the recent 99.6% ingot antimony price has been
reported as high as US$11.70/Kg.
Subject to approval of the TSX Venture Exchange, the Company ha s amended the price of its
previously announced (07.10/2023) non-brokered private placemen t at $0.02 cent per Unit to $0.015
cents per Unit and increased the size of the placement to 8 million units for gross proceeds of $120,000.
Each unit will consist of one common share, and one transferrab le common share purchase warrant,
each warrant exercisable into one common share of the Company at a price of $0.05 cents per common
share for a period of 15 months from issuance.
The funds received are to complete the deficiencies on the Company’s full operating permit application
for the Bayhorse Silver Mine, to complete the reclamation of th e Flagstaff propert y and for general
and administrative expenses.
In addition to any other exemption available to the Company, pa rticipation in the non-brokered
financing is also open to all existing Canadian shareholders, even if not accredited investors, under the
“existing shareholder” exemption of National Instrument 45-106 as promulgated in Multilateral CSA
notice 45-313 in participating jurisdictions.
Finder fees may be payable on a portion of the financing not ta ken down by insiders according to the
policies of the TSX-V Exchange.
Securities issued under this placement will be subject to a four month plus a day hold period from the
date of issuance.
This News Release has been prepared on behalf of the Bayhorse Silver Inc. Board of Directors, which
accepts full responsibility for its content. Mark Abrams, CPG, a Qualified Person and consultant to the
Company has prepared, supervised the preparation of, and approv ed the geotechnical content of this
press release.
On Behalf of the Board.
Graeme O'Neill, CEO
866-399-6539, 604-684-3394
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 using standard flotation processing at its milling facility in nearby Payette County, Idaho,
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 extensiv e 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.