Bayhorse Reports GOLD Occurences IN Historic Brandywine Core ; Expands Claims to Cover Historical GOLD, Silver and Copper Values IN ROCK and Soil Samples; Announces Private Placement
September 16, 2019 BHS2019-26
BAYHORSE REPORTS GOLD OCCURENCES IN HISTORIC BRANDYWINE CORE ;
EXPANDS CLAIMS TO COVER HISTORICAL GOLD, SILVER AND COPPER VALUES IN
ROCK AND SOIL SAMPLES; ANNOUNCES PRIVATE PLACEMENT
Bayhorse Silver Inc. BHS: TSX-V (the “Company” or “Bayhorse”) has confirmed the presence of
visible gold in historic Brandywine core, from 2010 Auramex Resources drilling, that has been
securely stored.
Two 1.5 meter sections of the historic core, including unsampled sections, show multiple occurrences
of visible gold (VG) are present. The entire core is being relogged and photographed prior to
splitting, and submission for re-assay. Re-assayed core will be subject to metallic screen assay to
resolve potential gold nugget effects.
Auramex drilled three holes in 2010 to follow up La Rock’s drill holes at the 400 ft by 300 ft by 250
ft Dave’s Pond (DP) mineralized zone.
Upon permitting and additional financing, the Company intends to conduct a larger VTEM airborne
survey over the Brandywine project, and drill a minimum 4 scissor holes across the DP zone to fully
understand the orientation and depth of the gold bearing zone..
Based on a comprehensive review of historic reports, the Company has dramatically expanded the
Brandywine precious metals rich VMS project near Squamish BC, to 1,500 hectares from 400
hectares. The project now includes areas west of the original claim group where a historic rock
samples included 9.15 g/t gold, 22 ppm silver, and 2% copper located 600 meters west of the original
claims, and 0.12 ppm gold, 6.5 ppm silver and 0.4% copper located 1.4 km west.
The readily accessible, 1, 500 hectare, brownfield Brandywine project has undergone several mining
and exploration phases including bulk tonnage shipments to smelters, extensive drilling, and
extensive geochemical and geophysical studies , (2018 Brandywine Minfile Report ) Mineralization
extends over an area more than 3.6 km east to west and 2.4 km north to south
The Company advises tha t a qualified person has not done sufficient work to verify the historical
sampling results. Chip & grab samples are selected samples and may not be representative of the
mineralization hosted on the property.
the photograph is of a selected sample and is not necessarily representative of mineralization hosted on the
property
the photograph is of a selected sample and is not necessarily representative of mineralization hosted on the
property
Bayhorse CEO Graeme O’Neill comments “with confirmation of VG at the Brandywine, we have
added a very promising gold prospect to complement the Company’s high grade Bayhorse Silver
Mine. Commissioning of the newly installed and reconfigured milling/regrinding/gravity circuit at
Bayhorse is expected to be complete, with production of a high quality concentrate projected to
commence, by the end of September.”
The Company announces a non-brokered private placement consisting a 4,000, 000 flow-through
units at $0.15 cents per unit, and 4 million non flow-through units and $0.125 cents per unit.
Each Flow -Through Unit consists of one common share and one transferable common share
purchase warrant exercisable into one common share of the Company at an exercise price of $0. 25
cents for a period of twenty-four months from the date of issuance
Each non Flow-Through Unit consists of one common share and one transferable common share
purchase warrant exercisable into one common share of the Company at an exercise price of $0.25
cents for a period of twenty-four months from the date of issuance
Proceeds of the flow-through units will fund an expanded work program at the Brandywine
gold/silver VMS project near Squamish BC
Proceeds of the non flow- through units are for the Bayhorse Silver Mine and general corporate
purposes
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 C onsultant 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
604-684-3394
Bayhorse Silver Inc., a junior exploration company, has earned 100% interest in the historic
Bayhorse Silver Mine Oregon, USA. a nd has optioned the Brandywine , precious metals rich,
volcanogenic massive sulphide property located in B.C., Canada. 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.