BAYHORSE SILVER Extends Silver Zone to South, Uncovers Significant Stockpile of Mined Rock in Upper Historical Stopes.
May 20, 2021. BHS2021-10
BAYHORSE SILVER Extends Silver Zone to South, Uncovers Significant Stockpile of Mined Rock
in Upper Historical Stopes.
Bayhorse Silver Inc. (BHS: TSX -V) (the “Company” or “Bayhorse”) is pleased to report pleasing
exploration results from preliminary drilling and sampling at the Bayhorse Silver Mine, Oregon, USA.
Extension of the main silver zone to the south has been accomplished from a new drift with a drill
station located on the south side of the main haulage way , This development drift, 3 x 3 x 12 meters
has been completed to date in well mineralized rhyolite host rock throughout the entire length of the
new drift. The new zone is open to the south, as well as along strike to the east and west.
Each 3 m x 3 m x 2 m blast round creates 70 tons of mineralized muck for sorting and processing.
Samples were taken along the face of each blast round and from the corresponding muck. All samples
have been submitted for assay, with results pending.
When opening the historically mined upper stopes, a significant amount of historic mineralized muck
was discovered. This mineralized material, along with that from the new drill station drift, is being
sorted and processed through the flotation facility.
Encouragingly, the ore-sorter is currently segregating one in seven tons of this material as mineralized,
indicating that the new material is significantly more mineralized than what has been sorted to date.
Bayhorse CEO Graeme O’Neill comments, “While we anticipated that mineralization would extend to
the South, it is very encouraging that this is confirm ed by drifting into it as o ur drilling program
progresses. I am also pleased to see increased ore -sorter recovery due to more intense mineralization
in the mined material. I am further gratified that not only do es the price of silver remain elevated,
boding well for the future prospects, but prices are also rising for both Copper ($4.65/lb) and Antimony,
($3.65/lb) that constitute 20% - 25% of our resultant concentrate.”
While some logistics delays have been created by reduction of activity due to Covid -19 constraints,
including assay results, in general the Company has fortunately been able to move forward through the
care taken by staff.
The Company is not basing any decision to produce on a feasibility study of mineral reserves
demonstrating economic and technical viability and advises there is an increased uncertainty and
specific economic and technical risk of failure with any production decision. These risks include, but
are not limited to, (i) a drop in price of commodities produced, namely silver, copper, lead and zinc,
from the pricing used to make a production decision; (ii) failure of grades of the produced material to
fall within the parameters used to make the production decision; ( iii) an increase in mining costs due
to changes within the mine during development and mining procedures; and (iv) metallurgical recovery
changes that cannot be anticipated at the time of production.
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, US A, and an option to acquire an 80% interest on 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 mining expertise
surrounding exploration and building mines.