Bayhorse to Undertake Underg Round Drilling Program at the Bayhorse MINE.
November 14, 2023 BHS2023-13
BAYHORSE TO UNDERTAKE UNDERG ROUND DRILLING PROGRAM AT THE
BAYHORSE MINE.
Bayhorse Silver Inc, (BHS: TSX-V , BHSIF: OTCQB, 7KXN: FRANKFURT ) (the “Company”
or “Bayhorse”) Is mobilizing for an underground drilling program at it’s Bayh o r s e S i l v e r M i n e ,
Oregon, USA.
The program will initially drill test the 300 foot strike length of the Big Dog zone hanging wall to test
it to depth, and along strike using its existing drill rig. This rig, which is capable of drilling 30 m (100
foot) holes, has been used to plan mining operations. The Company believes there are no historic drill
holes under the lower level workings that have tested the mineralized zone to depth.
Gold grades up to 10 grams/ton were reported during the historic 1984 mining program, and the highest
grade of silver/copper was 15% silver and 17% copper (BHS NR Ja n14,2014). Bayhorse senior
geological consultants, Drs, Gerry Ray and Clay Conway, believ e that drill testing to depth should
be a priority. For this the Company will secure an underground drill rig capable of up to 400 meter
long holes (1,300 ft), while the initial drill program is underway.
Drs. Ray and Conway are current ly assessing the Bayhorse struct ure and geology to determine how
best to test at depth any underl ying mineralization below the k nown mineral horizon from
the extensive historic, underground workings.
The Company is aware of the significant trading volume attribut ed to the recent announcements by
Hercules Silver on their property that lies approximately 40 km (26 miles) north-northeast of the
Bayhorse Mine (see Figure below). Both the Bayhorse and Hercule s mines have similar geological
settings with similar silver mine ralization, including signific ant copper , antimony, and zinc
credits. This has spurred Bayhorse to explore and extend furthe r the known silver-rich ore zones,
including potential areas to depth.
The following excerpt is taken from the 2018, NI-43-101 Maiden Inferred Resource Estimate, by Apex
Geoscience
(Apex Geoscience NI-43-101 Technical Report, 2018)
Bayhorse CEO, Graeme O’Neill, comments “a recent Substack article was posted that the Company’s
senior geologists have reviewed, and which they state gives a g ood summary of the geological
similarities between the Hercules Discovery and the Bayhorse mineralization”. (link here)
This News Release has been prepared on behalf of the Bayhorse Silver Inc. Board of Directors, which
accepts full responsibility for its content. Dr. G.E. Ray, P.Ge o, a Qualified Person and Consultant to
the Company has prepared, supervised the preparation of, and ap proved the technical content of this
press 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 w ith a 100% interest in the historic
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 min eralization per day and the ability to
process and supply 3,600 tons per year of silver/copper/antimon y 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 extensiv e 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 res ponsibility for the adequacy or accuracy of this
release.