Bayhorse Silver Inc.: Channel Sample Returns Impressive 12.46 kg/t Silver (400.69 oz/t Silver) Value, Bayhorse Mine, Oregon, USA
Bayhorse Silver Inc.: Channel Sample Returns Impressive
12.46 kg/t Silver (400.69 oz/t Silver) Value, Bayhorse
Mine, Oregon, USA
Vancouver, British Columbia--(Newsfile Corp. - February 21, 2018) - Bayhorse Silver Inc., (TSXV: BHS) ("Bayhorse" or the
"Company") is pleased to report additional high silver assays from the Legend, Sunshine and Big Dog mineralized zones,
Bayhorse Silver Mine, Oregon, USA.
A previously reported high grade five centimeter chip sample of 739.25 oz/t was followed up by the results of a 20 cm (8 inch) by
75 cm (30 inch) channel sample across a 1.5 meter (5 foot) wide zone in the center of the 20 meter wide mineralized Legend
zone, as well as chip samples from both sides of the structure. The channel sample returned 12.46 kg/t silver (400.69 oz/t)
Concurrently, high grade sample results were received from the Big Dog Zone and the raise up to the Sunshine Zone, that are
tabulated below:
Sample Type
Ag Oz/t
Ag g/t
Cu %
Zn%
Channel sample, Legend Zone
400.69
12,463
7.85
10.99
Chip Big Dog Zone
68.38
2,127
3.63
1.89
Chip, Raise
35.55
1,102
1.22
0.72
Chip Raise Top
20.48
637
1.30
6.60
Chip middle shaft
23.98
746
0.99
0.28
Chip, upper raise
20.22
629
2.07
2.64
Chip, Legend top
4.86
152
2.64
5.24
Chip, Legend bottom
17.00
529
0.49
0.76
Chip, Legend top west
1.51
47
0.03
0.23
Chip, Legend west
2.41
75
0.03
0.32
(Channel, chip samples are selected samples and are not representative of the mineralization hosted on the property.)
Mining underway in the Legend Zone
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Bayhorse CEO, Graeme O'Neill comments "With the old timer miners, it was drill for structure, mine to establish grade. While
continued discovery of bonanza grade silver assays at the Bayhorse greatly encourages us in our mine development, as the old
timers knew, only mining over the coming months will provide us the actual mined grades."
Continued underground development work is investigating the mining projections of the Herdrick (1981) Report which estimated
remaining shipping material at the Bayhorse Silver Mine to be 166,000 tons at 17 - 20 opt Ag at a 7.5 opt (233 g/t) Ag cutoff for
gross contained ounces of between 2,825,000 and 3,324,000 Ag. He further estimated on-site milling material to be 473,000
tons at a 3 opt (93 g/t) Ag cutoff. Testing by Bayhorse with the Ore-Sorter at the Steinert facility in Kentucky has allowed the
Company to establish a lower potential cut-off grade of 2.5 opt (77.8 g/t) Ag (News Release
BHS 2017-14
, August 10, 2017).
News release
BHS2017-24
reported that mineralization intersected 50 feet below the
Sunshine and Junction Zones, 160 and
340 feet respectively from the Mine
portal, increased the vertical extent of
mineralization to 70 feet from 20 feet in thickness.
High silver grades at the
Bayhorse Silver Mine have consistently been reported, including in News
Releases,
BHS2014-01
,
BHS2014-09
,
BHS2016-10
,
BHS2016-11
,
BHS2017-17
.
The Company has established a quality control assay program at the Bayhorse Silver Mine. Production samples are split
with half placed into a pulverizer, homogenized, dried, and submitted to XRF analysis with the other half retained for
comparison. Check samples are sent for assay to a qualified lab. Mine samples reported are split, with one half retained for
comparison. Assaying for the samples reported above was undertaken by Metsolve Labs of Langley, BC. The analytical
method used for the silver analysis consisted of a 50 gram sample subjected to fire assay with gravimetric finish.
The Company advises it is not basing any decision to produce on a feasibility study of mineral reserves demonstrating
economic and technical viability and also advises there is increased uncertainty and specific economic and technical risks of
failure associated with any production decision
.
The Company advises that a qualified person has not done sufficient work to verify the historical estimates nor classify the
historical estimates as current mineral resources or mineral reserves. There can be no assurance that additional work will
result in the definition of any current resource or reserve. The Company is not treating the historical estimates as current
mineral resources or mineral reserves.
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.Geol., a Qualified Person and Consultant to the Company has prepared, supervised the
preparation of, or approved the technical content of this press release.
On Behalf of the Board.
Graeme O'Neill, President
604-684-3394
Bayhorse Silver Inc., a junior exploration company, has earned an 80% interest in the historic Bayhorse Silver Mine, Oregon,
USA. Bayhorse is also earning a 75% interest in the past producing Bridging the Gap Project, consisting of ASARCO's historic
Crown Point, Silver King, Ranger, Wyoming, Curlew, and Blackhawk silver/lead/zinc mines in Idaho's Silver Valley. 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.