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Bayhorse Silver Extends Silver Zone to South, Uncovers Significant Stockpile of Mined Rock in Upper Historical Stopes

·6 min read

Vancouver, British Columbia--(Newsfile Corp. - May 20, 2021) - Bayhorse Silver Inc. (TSXV: BHS) (the "Company" or "Bayhorse") is pleased to report pleasing exploration results from preliminary drilling and sampling at the Bayhorse Silver Mine, Oregon, USA.

Extension of the main silver zone to the south has been accomplished from a new drift with a drill station located on the south side of the main haulage way, This development drift, 3 x 3 x 12 meters has been completed to date in well mineralized rhyolite host rock throughout the entire length of the new drift. The new zone is open to the south, as well as along strike to the east and west.

Each 3 m x 3 m x 2 m blast round creates 70 tons of mineralized muck for sorting and processing. Samples were taken along the face of each blast round and from the corresponding muck. All samples have been submitted for assay, with results pending.

Drill Hole

Sample ID

Sample Type

From (m)

To (m)

Length (m)

Length (Ft)

Au -Oz/t

Ag-Oz/t

Ag ppm

Cu ppm

Sb ppm

Zn ppm














21-LH-001

21LH-01 S1

Cuttings

0.00

2.44

2.44

8.0

<0.002

<0.100

0

158

59.4

451

21-LH-001

21LH-01 S2

Cuttings

2.44

3.66

1.22

4.0

<0.002

<0.100

0

97.6

43.9

513

21-LH-001

21LH-01 S3

Cuttings

3.66

4.88

1.22

4.0

<0.002

<0.100

0

60.7

34.9

737

21-LH-001

21LH-01 S4

Cuttings

4.88

6.10

1.22

4.0

<0.002

<0.100

0

80.9

55.9

1130

21-LH-001

21LH-01 S5

Cuttings

6.10

7.32

1.22

4.0

<0.002

12.4

385.60

20700

11100

15600

21-LH-001

21LH-01 S6

Cuttings

7.32

7.92

0.61

2.0

<0.002

4.69

145.87

8510

4550

8350

21BHDD001

32751

Whole Core

0.00

0.91

0.91

3.5

<0.002

2.96

92.06

5120

1960

6710

21BHDD001

32752

Whole Core

0.91

2.19

1.28

4.2

<0.002

7.10

220.83

12800

6150

17100

21BHDD001

32753

Whole Core

2.19

3.11

0.91

3.0

<0.002

0.914

28.00

7090

3840

7510

21BHDD001

32754

Whole Core

3.11

3.38

0.27

1.0

<0.002

0.690

21.46

1280

704

6240

21BHDD001

32755

Whole Core

3.38

4.51

1.13

3.7

<0.002

3.22

100.15

7340

4290

12700

21BHDD001

32756

Whole Core

4.51

5.52

1.01

3.3

<0.002

<0.100

0.00

234

126

1930

21BHDD001

32757

Whole Core

5.52

6.34

0.82

2.9

<0.002

<0.100

0.00

71.2

45

1500

21BHDD001

32758

Whole Core

6.34

7.10

0.76

1.7

<0.002

0.564

17.40

1970

1130

6890

21BHDD001

32759

Whole Core

7.10

7.62

0.52

1.5

<0.002

0.334

10.38

701

380

6890

Rock Sample

Location

Sample Type
























21RH-001

Right Rib

Chip

0.00

1.00

1

3.28

0.003

1.13

35.15

73.8

49.8

3480

21RH-002

Left Rib

Chip

0.00

1.00

1

3.28

<0.002

7.27

226.12

298

200

8620

21RH-003

Left Rib/Back

Chip

0.00

1.00

1

3.28

<0.002

8.21

255.36

15000

8820

14100

21RH-004

Muck pile

Muck

N/A

N/A

N/A

N/A

<0.002

61.2

1903.53

37100

21800

18300

21RH-005

Left Rib

Chip

0.00

1.00

1

3.28

<0.002

7.69

239.19

13800

8370

12800

When opening the historically mined upper stopes, a significant amount of historic mineralized muck was discovered. This mineralized material, along with that from the new drill station drift, is being sorted and processed through the flotation facility.



Encouragingly, the ore-sorter is currently segregating one in seven tons of this material as mineralized, indicating that the new material is significantly more mineralized than what has been sorted to date.

To view an enhanced version of this image, please visit:
https://orders.newsfilecorp.com/files/5015/84580_Picture4.jpg

Bayhorse CEO Graeme O'Neill comments, "While we anticipated that mineralization would extend to the South, it is very encouraging that this is confirmed by drifting into it as our drilling program progresses. I am also pleased to see increased ore-sorter recovery due to more intense mineralization in the mined material. I am further gratified that not only does the price of silver remain elevated, boding well for the future prospects, but prices are also rising for both Copper ($4.65/lb) and Antimony, ($3.65/lb) that constitute 20% - 25% of our resultant concentrate."

While some logistics delays have been created by reduction of activity due to Covid-19 constraints, including assay results, in general the Company has fortunately been able to move forward through the care taken by staff.

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.

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 Jackson, P.Geo., a Qualified Person and Consultant to the Company has prepared, supervised the preparation of, and approved the technical content of this press release.

On Behalf of the Board,

Graeme O'Neill, CEO

company@bayhorsesilver.com
1-866-399-6539

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.

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, and an option to acquire an 80% interest on the Brandywine, precious metals rich, volcanogenic massive sulphide property, located in B.C., Canada. The Company has an experienced management and technical team with extensive mining expertise surrounding exploration and building mines.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/84580