Vancouver, British Columbia – In an environment of fluctuating precious metal prices, Bayhorse Silver Inc. (BHS) is zeroing in on high-grade silver mineralization, signaling a renewed focus on its historically rich Bayhorse Silver Mine. Recent drilling and analysis of drill holes MW2 and MW3 have affirmed the epithermal nature of the silver deposits and revealed a significant extension of the known mineralization. The silver vein extends 150 meters beyond the previously defined westernmost boundary of the existing underground workings, resulting in a total east-west strike length of nearly 500 meters, or 1,640 feet.
Figure 1. Identified strike extensions of Bayhorse silver mineralization
Plans are in place for underground diamond drilling from existing stations located at the westernmost extent of the historic main haulage way. The aim is to probe the newly identified, high-grade “Drift Zone,” which runs parallel to and just 20 to 30 meters south of the principal haulage way. This new ore zone is estimated to be at least 10 meters wide, rivalling the dimensions of other mined areas within the Bayhorse Mine.
Initial sampling of the Drift Zone has yielded exceptionally encouraging results. Three panel samples taken across the west face of the zone returned assays of 192.35 ounces per ton (5,984.72 grams per ton) of silver and 10.7% copper, 50.88 ounces per ton (1,582.54 grams per ton) of silver and 4.51% copper, and 3.3 ounces per ton (102.64 grams per ton) of silver and 1.72% copper. (*Note: Surface samples are considered selective and may not represent true averages across the entire ore body.)
Figure 2. Planned drilling to determine extent of new, high grade, mineralized “Drift Zone” south of historic main haulage way.
The discovery of the Drift Zone occurred during the construction of a new access tunnel designed to safely access the high-grade Big Dog zone. Silver mineralization was detected on the south wall, prompting the westward and southward expansion of the new drift beyond the Big Dog access tunnel.
While drilling has revealed silver mineralization as far as 30 meters to the east and below the historic Sunshine stope, holes BHD25-001 and BHD25-002, which were aimed at targets east of the Sunshine stope, were abandoned due to challenging ground conditions. A new drill hole, BHD25-008, will utilize a larger underground drill to assess a zone with an estimated strike length of 35 to 40 meters.
The Bayhorse Silver Mine has a rich history, formerly extracting significant volumes of high-grade silver sulfosalts, reaching up to 240 ounces per ton, alongside critical minerals such as copper, antimony, and zinc. The mine was closed in 1984 due to low silver prices, but significant silver, copper, antimony and zinc mineralization, in the form of “massive” dark grey sulfosalts, has persisted. This has been identified beneath the historic Junction stope and in veins west of the Big Dog stope, covering between 130 to 150 meters. (National Instrument 43-101 inferred resource of 292,300 tons at 21.65 opt (673 g/t) for 6.3 m ounces of silver.) (Turner et al. 2018).
Bayhorse CEO Graeme O’Neill commented: “With silver prices reaching as high as $37 per ounce this week, drilling to confirm a westward extension of high-grade silver mineralization is a very strong near term catalyst, and will commence as soon as possible.”
This news release was prepared on behalf of the Bayhorse Silver Inc. Board of Directors, which accepts full responsibility for its content. Mark Abrams, AIPG, a Qualified Person, and a Director has prepared or supervised the preparation of, and approved the technical content of this news release.
Bayhorse Silver Inc. is an exploration and production company focused on the historic Bayhorse Silver Mine located in Oregon, USA.
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.
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