BAYHORSE Mobilizes Diamond Drill to Harrison High Grade Gold Project
December 7, 2020 BHS2020-30
BAYHORSE Mobilizes Diamond Drill to Harrison High Grade Gold Project
Bayhorse Silver Inc. (BHS: TSX -V) (the “Company” or “ Bayhorse”) has mobilized equipment
and personnel to the Harrison High Grade Gold Project, Harrison, BC., Canada, for its diamond drill
program and underground bulk sampling program.
Figure 1. Proposed diamond drill pattern to verify historical resource values for the Jenner Zone
The first drill holes are targeting the Jenner Zone, then the RN & Portal (E aster Egg) Zones, where
Bema Gold/Kerr Addison Mining (BGKM) defined historic resources as tabulated below. The
objective is establishing a current NI-43-101 gold resource.
Based on surface and underground drilling completed by Bema above the 50 meter AS L level,
Norman (1989), using a one gram cut off grade for the Jenner Zone and a 2 gram cut -off grade for
the Portal Zone , estimated that the Jenner and Portal Zones contain 2,458,674 tonnes at an average
grade of 2.79 g/t gold, for 220,300 ounces.
Zone Category Resour
ce
Tonnes
Grad
e g/t
Au
Grams Oun
ces
Jenner
zone
“Probable and
Possible”
1,801,1
34
2.71 4,876,6
35
156,71
0
Portal
zone
“Probable and
Possible”
657,753 3.02 1,984,3
24
63,76
6
The Company advises that the resource estimate by Norman (1989) above is of a historic nature.
Historic drill holes, resource estimates and grades reported have not been verified. A qualified person
has not done sufficient work to verify the historical estimates nor classify the historic estimates as
current mineral re sources or mineral reserves, and the Company is not treating the historical
estimates as current mineral resources or mineral reserves. Additional resampling and drilling by a
Qualified Person will be required to designate a current resource under National Instrument 43-101
standards.
The Company has engaged SGS Hive, to conduct a QA/QC program to assist in establishing the
parameters for a current resource. Apex Geoscience Ltd., will be responsible for conducting the
resource calculation.
Subject to the C ompany filing a Notice of Work with the BC Ministry of Mines, anticipated before
the end of the year, the Company intends to commence a bulk sampling program at the RN Zone..
Historical reports for the RN Zone indicate that a total of 642.82 tonnes (708.58 tons) of mined
material was shipped from the RN Zone containing 30,443 grams of gold (978.89 ounces), and 616
kilograms of copper.
The Company recently conducted a metallurgical test program that determined the gold at Harrison,
that consists of free mill ing gold, 0. 2 - 2mm in size, is 94.7 % recoverable by gravity and flotation
methods. The mineralized zones that have been identified at the Harrison Gold Project have
tentatively been identified as parts of a Reduced Intrusive Related Gold System (RIRGS)
According to historical records Bema (Norman,1989) reported that historic drill hole and mine muck
samples were analyzed by standard fire assay techniques and no systematic metallic screening assay
procedures were conducted. Preliminary sampling by BMGM and Bayhorse has determined that
standard fire assay techniques under report gold content of samples by 19% to 40%.
Norman, 1989, also noted that historic bulk sampling from the Jenner underground workings
demonstrated that reported drill hole grades may under report gold contents by as much as 40%.
Bayhorse CEO Graeme O’Neill comments, “Bayhorse is advancing shareholder value on two fronts.
First with the Bayhorse Silver Mine in Oregon, where a firm off -take offer for its silver concentrate
has been r eceived,, and secondly the start of a confirmation diamond drill program and gold bulk
sample at the Harrison high grade gold project.”
This News Release has been prepared on behalf of the Bayhorse Silver Inc. Board of Directors,
which accepts full responsibility for its content. 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
1-866-399-6539
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.
About Bayhorse Silver Inc.
Bayhorse Silver Inc. is an exploration and production company with a 100% interest in the historic
Bayhorse Silver Mine located in Oregon, USA, an option to acquire an 80% interest on the
Brandywine, precious metals rich, volcanogenic massive sulphide property, and is earning a 50%
interest in the Harrison Gold Project, located in B.C., Canada. The Company has an experienced
management and technical team with extensive mining expertise surrounding exploration and
building mines.