Bayhorse Silver Provides Update
August 26, 2025. BHS25-18
Bayhorse Silver Provides Update
Bayhorse Silver Inc, (BHS: TSX-V, BHSIF: OTCQB, 7KXN: FRANKFURT) (the
“Company” or “Bayhorse”) reports that, as the Company is getting closer to permitting its
Bayhorse Silver Mine, Bayhorse CEO, Graeme O’Neill, advises the Board is actively
considering strategic alternatives in preparation for a transition to mining operations which
could include any combination of management succession and/or joint ventures.
The Company has received indications of interest from several well-qualified individuals and
potential JV partners. The Company is evaluating strategic alternatives from the perspective
of maximizing shareholder value and realizing the best possible return on our significant
asset base and property portfolio.
CEO Graeme O’Neill comments, “we have established Bayhorse Silver with real assets,
including 700 feet of new bolted and screened haulageway, and 500 feet of drifts and raises
accessing historic unmined areas identified from 1984 operations (Silver King Mines 1984)
including new drifts into new exposed mineralized zones. (BHS2024-11) ( BHS2022-08 )
for a fully rehabilitated developed underground silver mine ready to commence mining
operations once the Operating permit is complete (projected mid 2026). We have a fully
paid for (US$1,000,000) Steinert XRT100 Ore-Sorter in place, capable of up to 40 ton/hour
processing capacity, that has been proven to reduce the proposed mined tonnage by better
than 75%, creating a higher grade pre-concentrate to reduce processing costs. We then
ship that to our wholly owned 0.9 acre flotation mill site with a permitted, 50 ton per day
flotation mill, situated in nearby Payette, Idaho, where a flotation concentrate consisting of
silver, copper, antimony, and zinc would be produced.”
O’Neill further comments, “the US Department of the Interior, via the USGS, has recently
added Silver as a “critical mineral” in its most recent critical minerals draft. With silver
recently reaching US$39 per ounce, (US$9.70 per ounce compared to the inflation adjusted
1980’s US$50 ounce), and a huge silver and copper prospect at our Pegasus project 3,000
feet away across the Snake River in Idaho, there is every reason to be optimistic about our
future prospects. There is a great deal of knowledge to be passed along and we owe it to
Bayhorse’s loyal shareholders to ensure that a first rate management and technical team is
in place to keep Bayhorse fully prepared for mining.operations ”
Recent news from Sterling Mining in Idaho’s silver valley indicates they are commencing
mining preparations again, and upon upgrading their mill, have reached an agreement to
process Perpetua Mining’s gold/antimony concentrate once Perpetua’s Idaho permitting is
complete. Sterling has announced they are also accepting other similar concentrates.
Currently, the Company would have to ship concentrate offshore for processing and only
get credits for silver and copper so sending it to Sterling’s upgraded mill, when complete,
and processing facility would allow credits for the Bayhorse antimony, that preliminary
process is estimated to constitute +/- 12% of the concentrate, as well as the silver and
copper.
Cautionary statement
The Company is not basing any decision to produce silver and other metals 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 with any
production decision. These risks include drop in price of commodities produced, namely
silver, copper, lead, and zinc, from the pricing used to make the production decision, failure
of the grades of the produced material to fall within the parameters used to make the
production decision, and increase in mining costs due to changes within the mine during
development and mining procedures. There are also metallurgical recovery changes that
cannot be anticipated at the time of production.
All statements herein, other than statements of historical fact, including, without limitation,
plans for and intentions with respect to the Company’s capitalization, preparation of
technical reports, proposed work programs, budgets and proposed expenditures, permitting,
construction and production timing are forward looking statements. While the Company
believes such statements are reasonable, no assurance can be given that any expectations
will prove to be correct and the forward-looking statements are not guarantees of future
results or performance and that actual results may differ materially from those in the
forward-looking statements. Readers should not place undue reliance upon forward-looking
statements and the Company undertakes no obligation to re-issue or update any forward-
looking statements as a result of new information or events after the date hereof or as may
be required by law. All forward-looking statements and information herein are qualified by
this cautionary statement
This News Release has been prepared on behalf of the Bayhorse Silver Inc. Board of
Directors, which accepts full responsibility for its content. Mark Abrams, AIPG, a Qualified
Person, and a Director of the Company, has prepared, supervised the preparation of, or
approved the technical content of this news release.
On Behalf of the Board.
Graeme O'Neill, CEO
866-399-6539
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 with a National Instrument 43- 101
inferred resource of 292,300 tons at a grade of 21.65 opt (673 g/t) for 6.3 million ounces of
silver. ( Turner et al. 2018) and the Pegasus Project, in Washington County, Idaho. The
Bayhorse Silver Mine and the Pegasus Project are 44 km southwest of Hercules Metals’
porphyry copper discovery. The Bayhorse Mine is a minimum environmental impact facility
capable of processing at a mining rate up 200 tons/day that includes a state of the art 40 ton
per hour Steinert Ore- Sorter that reduces waste rock entering the processing stream by up
to 85%. The Company has established an up to 60 ton/day mill and standard flotation
processing facility in nearby Payette County, Idaho, USA. The Company has an experienced
management and technical team with extensive mining expertise in both exploration and
building mines.
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.