Continued High Grade Silver Assays at the Bayhorse Silver MINE. Oregon, USA
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June 29, 2022. BHS2022-12
CONTINUED HIGH GRADE SILVER ASSAYS AT THE BAYHORSE SILVER MINE. OREGON,
USA
Bayhorse Silver Inc, (BHS: TSX-V , BHSIF: OTCQB, 7KXN: FRANKFURT ) (the “Company”
or “Bayhorse”) reports additional high grade silver assays at the Bayhorse Silver Mine, Oregon, USA.
A recent diamond drill hole conducted in the Goldilocks Zone, directed from west to east, targeted
the newly confirmed thrust of the Goldilocks structure. The drill hole intersected 2.75 meters (9ft) of
strong silver mineralization, of which 0.92 meters (3 ft) graded 1,771.58 g/t Ag (51.75 oz/t), 0.92
meters graded 104.869g/t ( 3.05 oz/t) and 0.92 meters graded 1,546.46 g/t (45.2 oz/t) for a weighted
average grade over the intersection of 1,140.68 g/t (33.34 oz/t)
Bayhorse CEO, Graeme O’Neill, comments “Everyone is seeing substantial increases in energy
costs. Most of the Bayhorse Mine and Mill is electrified, and we are relatively insulated from the
rapidly rising energy costs.. However, all our underground and surface equipment runs on diesel, as
well deliveries through our supply chain. With diesel prices being a large component of operating
costs, we are reviewing opportunities to reduce these costs”
O’Neill further comments “In addition to the Silver and Copper content in our stockpiled concentrate
at the Bayhorse Mill, it contains nearly 12% Antimony content. The Company is currently
determining whether added value can be achieved from separating the Antimony from the
concentrate as an added value product. Antimony is considered a critical metal for the U.S.”
The Company is not basing any decision to produce on a feasibil ity study of mineral reserves
demonstrating economic and techni cal viability and advises ther e is an increased uncertainty and
specific economic and technical risk of failure with any produc tion 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) failu re 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.
This News Release has been prepared on behalf of the Bayhorse Silver Inc. Board of Directors, which
accepts full responsibility for its content. Dr. Stewart Jackso n, P.Geo., a Qualified Person and
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Consultant to the Company has prepared, supervised the preparat ion of, and approved the technical
content of this press 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 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 p er year of silver/copper concent rate ranging between 7,500 to 15,000
g/t using standard flotation pro cessing 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 res ponsibility for the adequacy or accuracy of this
release.