Bayhorse Files NI-43-101 Maiden 6.3 Million oz Silver Inferred Resource Report, Bayhorse Mine, Oregon, USA
Bayhorse Files NI-43-101 Maiden 6.3 Million oz Silver
Inferred Resource Report, Bayhorse Mine, Oregon, USA
Vancouver, British Columbia--(Newsfile Corp. - November 9, 2018) - Bayhorse Silver Inc, (TSXV: BHS) (The "Company" or
"Bayhorse")
reports that it has filed on SEDAR a National Instrument 43-101 Technical Report (the "Report") on a Maiden
Inferred Mineral Resource for
the 100% controlled Bayhorse Silver Mine, Oregon, USA.
Bayhorse Silver CEO Graeme O'Neill comments:
"Filing of this report for the Bayhorse Silver Mine completes another step
revealing the resource and exploration
potential of this high grade silver mine.
We have reached this point with an investment
of only $1 per ounce of inferred silver resource, a testimony to the diligence of all personnel involved."
Dr Clay Conway, P Geol, Mr Levi Duncan, Bayhorse Operations Manager, M. Dufresne, P.Geo, Apex Geoscience
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The Report outlines the parameters used in the estimation of the maiden inferred mineral resource, that is comprised of 292,300
short tons at an average grade of 21.65 troy ounces per ton (opt) silver (Ag) at a cutoff of 7.5 opt Ag, for a total
of 6,328,400 oz
silver, dated September 24, 2018, as previously disclosed (
BHS2018-30
.
)The Report was prepared by APEX Geoscience Ltd.
and Dr. Gerry Ray, P.Geol.
The report is available on both SEDAR, and the Company website at
Bayhorse Silver Technical Reports
.
APEX Geoscience Ltd., used a silver cut-off grade of 7.5 opt Ag,
based upon a conceptual overall mining and processing cost
of
$US100 per ton, a silver price of US$15/oz at
US$/C$ Exchange rate of 0.7624/1.3117 and an assumed recovery of 90%.
Inferred mineral resources are not mineral reserves. Mineral resources, which are not mineral reserves, do not have
demonstrated economic viability. There has been insufficient exploration to allow for the classification of the inferred resources
tabulated as an indicated or measured mineral resource, however, it is expected that the majority of the inferred mineral
resources could be upgraded to indicated mineral resources with continued exploration.
There is no guarantee that any part of these mineral resources will be converted into a mineral reserve in the future. Estimates of
mineral resources may be affected by environmental, permitting, legal, marketing or other relevant issues.
This News Release has been prepared on behalf of the Bayhorse Silver Inc. Board of Directors, which accepts full responsibility
for its contents. Dr. Stewart Jackson, 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
Bayhorse Silver Inc., a junior exploration company, has earned 100% interest in the historic Bayhorse Silver Mine, Oregon, USA.
The Company has an experienced management and technical team with extensive exploration and mining expertise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.