Bayhorse Silver Reports Significant IP Results From The Bayhorse Silver Mine Bayhorse Silver Inc, (BHS: TSX -V, BHSIF: OTCQB, 7KXN: FRANKFURT) (the “Company” or “Bayhorse”) is pleased to announce the IP Survey results over its Bayhorse Silver Mine Property,
January 21, 2026 BHS2026-03
Bayhorse Silver Reports Significant IP Results From The Bayhorse Silver Mine
Bayhorse Silver Inc, (BHS: TSX -V, BHSIF: OTCQB, 7KXN: FRANKFURT) (the “Company”
or “Bayhorse”) is pleased to announce the IP Survey results over its Bayhorse Silver Mine Property,
Oregon, USA. that commenced in October 2025 and was completed in January 2026. These results
will better guide both the surface and underground drilling programs as previously outlined in
BHS2026-02.
Bayhorse CEO Graeme O’Neill, who along with the Company’s Directors , will be attending the
upcoming Vancouver Resource Investment Conference and the Cordilleran Roundup, comments,
“"We are very encouraged to have received the results of the IP survey undertaken at the
Bayhorse Mine. The IP results , specifically the low resistivity areas in blue, that in the Bayhorse
coincide with known mineralization, has significantly expanded the known mineralized zones and
provided more drill targets over a wider area that will better guide both our surface our underground
drilling programs that will commence shortly. The objective of these programs is to further refine our
understanding of the extent , structure and mineralization of the Bayhorse silver endowment and to
increase inferred ounces to our National Instrument 43-101 Mineral Resource Estimate 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 to determine
whether inferred ounces can be brought to an indicated category.
The IP low resistivity depth slice shown in Figure 1 lies 50 m (165 ft) below the surface and
encompasses an area of over 914 m (3,000 ft) from east to west. The top of the Goldilocks zone in the
extreme west of the main historic workings that were developed in 1984, l ies at least 46 m (150 ft)
below the IP depth slice shown in Figure 1 indicating a minimum110 m (350 foot) vertical mineralized
extent, with the now enlarged zone extending a minimum 1,000 m (3,280 ft) from north to south.
Five prominent resistivity lineaments (LR1 –LR5) (dotted black lines) are identified, including three
trending NNW and two trending NNE to near north–south. When overlain with interpreted geology
these lineaments show spatial correspondence with mapped faults ( mineralized Sunshine, Railroad
faults etc) and lithological contacts.
.
Figure 1.Bayhorse DC resistivity depth slice at 50 m below topography showing resistivity lineaments
(LR1–LR5) and low-resistivity features (CR1–CR3).
Three localized low-resistivity features CR1, CR2 and CR3 have been identified adjacent to lineament
LR1. These features are laterally confined and exhibit limited vertical extent. The upper portion of
CR1 coincides with the underground mine adits and workings and forms a sub-vertical feature dipping
north. CR2 lies approximately 200 m southeast of CR1 and is smaller in size. Both CR1 and CR2 occur
beneath a shallow resistive (pink) layer. CR3, located near the northwestern end of LR1, is elongated
north–south and dips slightly west; its geometry is less well constrained due to proximity to the grid
edge.
The IP results also indicate that the surface drill targets outlined by prior IP results (BHS2025-05).
immediately to the east of the NI 43-101 compliant inferred resource appears to be far more extensive
than initially believed. These targets lie under the Mine access road and extend from 73 m (240 ft) east
of and up 130 m (426 ft) north of the inferred resource. One of these targets was intersected by
groundwater test well MW2 at a depth of between 22 m and 33.5 m (72 -110 ft) from surface with a 3
m (10 ft) intersection of 1.5 m (5 ft) grading an average of 1104 g/t (35.46 opt) silver and 1.5 m (5 ft)
averaging 770 g/t (23.12 opt) silver. This intersection lies at an elevation of 667 m (2190 ft) above sea
level (“ASL”) and 91 m (300 ft) NE and 60 m (200 ft) lower than the historic, mined, Sunshine Stope
at an elevation of 728 m (2390 ft) ASL.
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 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, 604-684-3394
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 with an offtake agreement in place
with Ocean Partners UK Limited. 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.