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Bayhorse Silver Inc
Symbol BHS
Shares Issued 107,423,944
Close 2020-03-02 C$ 0.08
Market Cap C$ 8,593,916
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Bayhorse ore-sorter rejects return 15 g/t Ag

2020-03-03 10:33 ET - News Release

Mr. Graeme O'Neill reports

BAYHORSE SILVER RECEIVES ORE-SORTER REJECT ASSAYS, ADVISES EXPOSURE TO GOLD AT BOTH BAYHORSE AND BRANDYWINE PROJECTS

Bayhorse Silver Inc. has received assay results on the ore-sorter rejects as part of the extensive metallurgical work on mineralization from the Bayhorse silver mine, Oregon.

The low silver level of 15 grams per tonne, or 0.42 ounces per short ton, silver in the rejected material demonstrates the highly selective nature of the ore sorter. The ore sorter has achieved reduction of the as-mined tonnage by up to 90 per cent to 95 per cent above eight millimetres.

Everything over eight mm (0.32 Inch) of the as-mined material goes through the ore sorter, while all mineralized material under eight mm (0.32 in) bypasses the ore sorter and goes directly to milling.

A 35-kilogram sample of ore-sorted material at a crush size of three-fourths inch minus size, and screened to plus eight mm, was split, and a 250-gram assay sample was taken to establish working grades of the rejected material.

 
                    Ag g/t  Ag oz short ton   Cu %  Zn %  Sb %   As %    Pb% 

Ore-sorter rejects   15.00             0.42  0.047  0.15  0.12  0.011  <0.01

The company has exposure to gold at both the Bayhorse and Brandywine projects. Smelter samples that have already been shipped to select smelters for off-take pricing will also be tested for their gold content.

Select blasted rock samples at the Bayhorse grading up to 1.667 g/t Au, from the Legend, Big Dog and Sunshine zones, were disclosed in the company's news release BHS2018-06 and again in its news release of Aug. 16, 2018, where the company reported gold grades of 1.2 g/t from a select grab sample in the Big Dog zone.

At the company's drill-ready Brandywine gold project, near Whistler, B.C., as disclosed in the company's news previous news release, 111 samples of historic 2010 drill core had been kept in secure storage and was reassayed, with the highest grade reported being 1.52 metres of 20.2 g/t gold. This intercept was 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). This demonstrates a northwest strike of the vein and a steep dip to the northeast. The full results are shown in the BRW10 table.

The analytical method for silver and gold analysis consists of one-assay-ton (AT) samples subjected to fire assay with gravimetric finish. Base metal assays for the samples were subjected to an inductively coupled plasma mass spectrometry 35-element, four-acid digestion assay.

Bayhorse's chief executive officer, Graeme O'Neill, commented: "Over this past week, for the second time in a year, the silver/gold ratio went over 93:1 to 95.5:1, which is an extraordinary event. This imbalance rarely ever happens, and for it to occur twice within a 12-month period, in effect a double top in the ratio, is unheard of. Historically, reversions to the mean often occur rapidly after such events."

The silver milling and gravity concentration program at the Bayhorse mine, conducted by Met-Solve Metallurgical Labs of Langley, B.C., was supervised by consulting metallurgist John Fox.

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 Silver is an exploration and production company with a 100-per-cent interest in the historic Bayhorse silver mine located in Oregon, and an option on the Brandywine, precious metals-rich, volcanogenic massive sulphide property located in British Columbia. The company has an experienced management and technical team with extensive mining expertise surrounding exploration and building mines.

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