Bayhorse Silver Reports ON Recent Developments
October 7, 2021 BHS2021-16
BAYHORSE SILVER REPORTS ON RECENT DEVELOPMENTS
Bayhorse Silver Inc. (BHS: TSX-V, BHSIF: OTCQB, 7KXN: FRANKFURT) (the “Company”
or “Bayhorse”) has received the building permit to ins tall its full flotation processing facility in
Payette, Idaho. The facility is 40 miles on mostly Interstate 84, from the Bayhorse Silver Mine in
Oregon, USA.
The full flotation facility, where building erection is now 75% completed, is capable of handling
75 tons of pre-processed, ore-sorted, mineralization from the Bayhorse Mine per day.
The Company anticipates that it will have the equipment relocated to the new facility and back
in operation by mid November.
The Company has fully completed lease and buyout payments on its US$1 million Steinert Ore-
Sorter, that is capable of a 40 ton per hour throughput and now holds full title to the
equipment.
During this past six months of nearly continuo us operation, the Company is pleased to report
that the grade of the rejected material from the Ore -Sorter has consistently been less than ½
ounce (15 grams) per ton of silver , demonstrating that it is achieving maximum recovery with
minimal loss
Operations at the Bayhorse Mine currently consists of drifting into and making safe the high
grade Big Dog zone, where additional drilling of the Big Dog structure is under way ,. This is to
determine the dip, strike, and plunge and width of the zone, to permit extraction of mineralized
material from this high grade zone.
Recent sampling of the smaller veins criss -crossing this zone has identified these veins are
coated with limonite. These very high grade veins are very brittle and fracture and liber ate
readily into small pieces on blasting .
Figure 1 High grade vein, Big Dog stope
the Company has made some changes to the initial crushing circuit to screen off all ½ inch
material, that will bypass the Ore-Sorter and go straight to the flotation mill.
Figure 2 XRF reading of 2328.2 silver
A number of mineralized samples from these newly accessible veins were measured with XRF
by the Company’s geologists (Apex Geoscience) one of which measured 2328.2 g/t (74.85 opt)
silver, as well as 17.16% copper, 2.04% cobalt and 26.74% zinc, and 4.99% antimony. Ano ther
sample graded 1,350 g/t (The two samples were submitted to Christopherson Umpire Assayers
of Kellogg, Idaho for silver assay, (fa/grav) and returned 7 5.82 opt (2,358.2 g/t) and 40.4 opt
(1,256.5 g/t) respectively.
XRF devices are used by the Company inside the mine and on drill core to identify and initially
assess the mineralized areas. The Company cautions that while the XRF device is calibrated, and the
assay samples generally agreed with the XRF readings, the sa mples are not representative of actual
mining grades as they only measure a 1cm portion of the actual sample.
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.
The TSX Venture Exchange, has approved a $166,685.42 settlement for debt amount of
convertible debenture accrued interest through the issuance of 1, 515,322 common shares of
the Company at a price of $0. 11 per share. In accordance with the TSX Venture Exchange rules,
the shares issued are subject to a hold period of four month s plus a day from the date of
issuance.
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
Consultant to the Company has prepared, supervised the pre paration of, and approved the technical content of
this press release.
On Behalf of the Board.
Graeme O'Neill, CEO
604-684-3394
About Bayhorse Silver Inc.
Bayhorse Silver Inc. is an exploration and production company with a 100% interest in the histori c
Bayhorse Silver Mine located in Oregon, USA. With state of the art Steinert Ore -Sorting technology
reducing waste rock entering the processing stream by up to 85%, we have created a minimum
environmental impact facility capable of mining 200 tons of mineralization per day and the ability to
process and supply 3,600 tons per year of silver/copper concentrate ranging between 7,500 to 15,000
g/t using standard flotation processing at its milling facility in nearby Payette County, Idaho, USA,
with an offtake agreement in place with Ocean Partners UK Limited. The Company also has an
option to acquire an 80% interest in the Brandywine high grade silver/gold property located in B.C.
Canada. 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.