16:57:23 EDT Tue 23 Apr 2024
Enter Symbol
or Name
USA
CA



Bayhorse Silver Inc
Symbol BHS
Shares Issued 98,150,307
Close 2019-10-22 C$ 0.105
Market Cap C$ 10,305,782
Recent Sedar Documents

Bayhorse samples 11.42 g/t Au from old Brandywine core

2019-10-22 11:16 ET - News Release

Mr. Graeme O'Neill reports

BAYHORSE GOLD METALLIC SCREEN ASSAYS FROM BRANDYWINE

Bayhorse Silver Inc. has confirmed the presence of significant coarse gold mineralization with the highest grade being 20.2 grams per tonne gold over 1.5 metres received from metallic screen assays from the reassayed core samples containing visible gold from the 2010 Brandywine drilling program by Auramex Resources.

The 2010 drill intercept of 20.2 g/t gold is located 26 m (85 feet) northwest from the 36.9 g/t gold sample from DP95-14, which was the highest grade intercept reported from the 1995 drill program (Dunn 2011), and demonstrates a northwest strike of the vein and a steep dip to the northeast.

The full metallic screen assay results from a suite of 11 samples taken from mineralized intersections are shown in the included table compared with the 2010 results.

Hole       From     To   Length   Au Avg. metallics FA 2019   Au Avg. 30 g pulps FA 2010
              m      m        m          grams/metric tonne           grams/metric tonne

BRW10-05   11.3   12.8      1.5                        1.43                         2.20
BRW10-05   20.4   21.9      1.5                        0.47                         1.40
BRW10-05   26.5   29.6      3.1                       11.42                         3.73
BRW10-05     including      1.6                       20.20                         6.23
BRW10-05   34.1   35.7      1.6                        1.86                         1.02
BRW10-06   23.5     25      1.5                        1.31                         0.02
BRW10-06   25.0   26.5      1.5                        0.57                         1.07
BRW10-06   32.6   35.7      3.1                        3.35                         2.89
BRW10-06     including      1.6                        4.10                         3.29
BRW10-07   41.8   43.3      1.5                        1.20                         1.52
BRW10-07   57.0   58.5      1.5                        1.83                         1.64

As a result of the confirmation of coarse free milling gold at Brandywine, the metallic screen method will be used during the upcoming drill program in addition to standard gold fire assaying plus the standard 43-geochemical-element analysis.

Bayhorse chief executive officer Graeme O'Neill comments, "The excellent coarse gold assay results from three short drill holes in one small corner of the 200 m by 100 m Dave's Pond target, 85 feet along strike from a significant 36.9 g/t gold intersection in 1995, have confirmed that a comprehensive follow-up drilling program is warranted."

The screen metallic fire assay is designed to deal with coarse visible gold in samples. A nominal 1,000-gram (2.2-pound) pulverized sample is sieved at 100 mesh (149 micrometres), with assays performed on the entire plus 100-mesh fraction and two splits (30 grams) of the negative-100-mesh fraction. A final assay is calculated based on the weight of each fraction.

Higher gold content was found in seven of the 11 samples versus 2010 values. Taking 10 samples into account, there was an average increase in gold values of 27.3 per cent (in calculating the average increase the outlier difference value between 0.02 g/t Au measured in 2010 versus 1.31 g/t obtained by metallic screen assay was eliminated so as not to skew the magnitude of the difference).

Further analytical results are awaited from a total of 111 core samples, ranging in weights from 2.6 kilograms to 8.3 kg each, collected to analyze the full suite of 43 elements with total digestion and inductively coupled plasma mass spectrometry finish. Forty-five of these samples, from mineralized zones, are being analyzed by metallic screen fire assay for gold using 1,000-gram weights in addition to standard 30-gram pulp assays. Activation Laboratories Ltd. in Kamloops, B.C., is preparing and analyzing the samples. Quality assurance/quality control protocols have been applied using certified pulp standards and blanks inserted into the analytical stream.

A notice of work on the Brandywine property was submitted to the B.C. Ministry of Energy, Mines and Petroleum Resources in September to carry out 1,500 m of drilling within the Dave's Pond gold target. Follow-up of the gold anomaly along strike will be accompanied by testing of a multielement anomaly marked by highly elevated lead in soils extending north-south for two km along the western flank of the gold anomaly.

Placer Dome carried out surface exploration in 1989 to test the areas surrounding historical showings of polymetallic sulphide mineralization. Of the total 130 rock samples, Placer Dome reported 16 returned silver content exceeding 1,000 g/t (32 ounces per ton silver) with the highest value of 1,800.64 ounces per ton silver in sample No. 50624. Some mineralized rock samples showed gold values ranging from 125 parts per billion to a high of 6.2 g/t in sample No. 43464 (Placer Dome, 1989).

This news release has been prepared on behalf of the Bayhorse board of directors, which accepts full responsibility for its contents. Dr. Stewart Jackson, 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, a junior exploration company, has earned 100-per-cent interest in the historic Bayhorse silver mine in Oregon and has optioned the Brandywine precious metal-rich volcanogenic massive sulphide property located in British Columbia. The company has an experienced management and technical team with extensive exploration and mining expertise.

© 2024 Canjex Publishing Ltd. All rights reserved.