00:18:27 EDT Thu 02 May 2024
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Bayhorse Silver Inc
Symbol BHS
Shares Issued 255,479,290
Close 2023-11-20 C$ 0.07
Market Cap C$ 17,883,550
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Bayhorse Silver adds Idaho claims to Bayhorse

2023-11-20 14:00 ET - News Release

Mr. Graeme O'Neill reports

BAYHORSE ADDS IDAHO CLAIMS TO THE BAYHORSE PROPERTY

Bayhorse Silver Inc. has added additional claims in Idaho to its Bayhorse silver mine property in Oregon, United States.

The new claims extend over 1.6 kilometres (one mile) east from the Bayhorse mine across the Snake River into Idaho along a southeast trend that historic geological mapping shows the presence of silver-hosting rhyolite. Historic mine workings and known silver-bearing mineralization are present in the new claims area.

Hercules Silver has recently discovered a copper porphyry deposit associated with a red schist conglomerate at one of its properties lying approximately 40 kilometres (26 miles) north-northeast of the Bayhorse mine. Hercules has acquired a second property 24 kilometres (14 miles) northeast of Bayhorse. A conglomerate, similar to that on the Hercules ground is present adjacent to the silver-bearing rhyolite on the Bayhorse property, prompting the extension of the new claims into Idaho.

The Bayhorse and Hercules silver properties have similar geological settings and silver mineralization, including significant copper, antimony and zinc credits. This has spurred Bayhorse to extend farther the known silver-bearing zones.

An airborne deep-penetrating VTEM (versatile time-domain electromagnetic) survey is planned over the entire Bayhorse claims in both Idaho and Oregon to determine whether an anomaly is present that could indicate the presence of both high-grade silver and a porphyry copper deposit.

Dr. G.E. Ray and Dr. Conway are currently assessing the Bayhorse mine structure and geology to determine how best to test the extensive historic underground workings to depth for any underlying mineralization below the known mineral horizon.

This news release has been prepared on behalf of the Bayhorse Silver's board of directors, which accepts full responsibility for its content. Dr. G.E. Ray, PGeo, a qualified person and consultant to the company has prepared, supervised the preparation of and approved the technical content of this press release.

About Bayhorse Silver Inc.

Bayhorse Silver is an exploration and production company with a 100-per-cent interest in the historic Bayhorse silver mine located in Oregon, United States. With state-of-the-art Steinert ore-sorting technology reducing waste rock entering the processing stream by up to 85 per cent, Bayhorse has created a minimum environmental impact facility capable of mining 200 tonnes of mineralization per day and the ability to process and supply 3,600 tonnes per year of silver/copper/antimony concentrate ranging between 7,500 to 15,000 grams per tonne using standard flotation processing at its milling facility in nearby Payette county, Idaho, United States, with an offtake agreement in place with Ocean Partners U.K. Ltd. The company also has an option to acquire an 80-per-cent interest in the Brandywine high-grade silver/gold property located in British Columbia, Canada. The company has an experienced management and technical team with extensive mining expertise in both exploration and building mines.

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