Bayhorse Silver Accesses Additional 1,500 feet of 1984 Historical Workings, Bayhorse Silver Mine, Oregon, USA

By Newsfile Press Release Wire

Bayhorse Silver Inc. (TSXV: BHS) (the ”
Company” or ”
Bayhorse“) is pleased to report it has completed
the examination of the historical underground 1984 mine workings
silver zone at the Bayhorse Silver Mine, as reported in the
Company’s news release, BHS2018-21. The Company has now accessed
all the workings within the silver-copper mineralized zone at the
Mine.

  • 1500 feet of underground workings newly accessible
  • Historical mine plan now undergoing evaluation
  • Enhanced sampling underway to include now accessible areas in
    revised 43-101 Resource Report

Overall an additional 1500 feet of drifts on three levels, plus
numerous raises and interconnecting access areas are now open and
useable. They provide access to the entire mineralized zone
developed during the 1984 Silver King Mines activity. Historically
5,782 tons at a reported 16.7 oz/ton Ag were mined during the 1984
mining program and Silver King developed and blocked out an
additional 6,786 tons to be mined, although no grade was shown.

The newly accessed mineralized zone begins 600 feet inside the
mine portal, and extends a further 550 foot along strike to the
west, with a vertical extent of in excess of 70 feet. Sampling and
modeling of the zone is being undertaken to confirm the area
blocked out for mining by Silver Kings Mines and to enable cost
effective extraction planning

Apex Geoscience, which the Company retained to produce a
National Instrument 43-101 Report on the property, has advised that
it will conduct an enhanced resampling program in the historical
mine workings to verify grades for the ultimate production of a
current resource estimate. Apex is also concurrently developing a
comprehensive model of the mineralization at the far westerly
reaches inside the Mine.

The National Instrument 43-101 Report being prepared will
incorporate all the new information and will represent a current
status report on the mine.

Bayhorse CEO Graeme O’Neill comments, “As it costs $1,000 per
lineal foot to develop 10ft x 10ft underground drifts, we have just
been relieved of a significant development cost expense and made
substantial time savings, allowing us to rapidly move forward with
extraction of mineralization from the reported, and originally
targeted, high grade silver-copper mineralization in this
area.”

“The Company is not basing any decision to produce on a
feasibility study of mineral reserves demonstrating economic and
technical viability and also advises there is increased uncertainty
and specific economic and technical risks of failure associated
with any production decision.”

This article provided by NewsEdge.