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About Bayhorse Silver Inc.
Bayhorse Silver Inc. (OTCQB: BHSIF) is a mineral exploration and production company dedicated to the discovery, development, and environmentally conscious extraction of high-grade silver, copper, and other critical minerals. Headquartered in Vancouver, British Columbia, the company operates with a focus on leveraging advanced technologies and sustainable practices to unlock the value of its mineral assets.
Core Operations
The company’s flagship asset is the Bayhorse Silver Mine, located in Oregon, USA. This historic mine, with a legacy of high-grade silver production, has been revitalized using state-of-the-art Steinert Ore-Sorting technology. This innovative approach reduces waste rock by up to 85%, allowing Bayhorse to operate a low-impact facility capable of processing up to 3,600 tons of mineral concentrate annually. The concentrate yields significant silver, copper, antimony, and zinc content, making it a vital player in meeting the growing global demand for these essential materials.
In addition to the Bayhorse Silver Mine, the company is advancing exploration at the Pegasus Project in Idaho, USA. This project, strategically located near the Bayhorse Mine, has shown geological similarities to major porphyry copper systems, offering significant potential for resource expansion. By combining geological mapping, geophysical surveys, and diamond drilling, Bayhorse is actively exploring the possibility of discovering large-scale mineral deposits in this region.
Technological Innovation and Environmental Stewardship
Bayhorse Silver Inc. is committed to sustainable mining practices. The use of Steinert Ore-Sorting technology not only enhances operational efficiency but also minimizes the environmental footprint of its mining activities. The company has established a facility designed for minimal environmental impact, aligning with modern standards for responsible resource extraction.
Furthermore, Bayhorse incorporates advanced geophysical tools such as VTEM (Versatile Time Domain Electromagnetic) surveys to identify low-resistivity anomalies, which may indicate significant mineralization. These technologies enable precise targeting of drilling efforts, reducing unnecessary environmental disturbance while maximizing resource discovery.
Strategic Exploration and Market Position
Bayhorse’s exploration model is based on identifying and developing high-grade mineral deposits. Its properties are situated within geologically favorable regions, including the Izee Terrane and Old Ferry Terrane, which are known for hosting silver, copper, and gold mineralization. The company's proximity to Hercules Metals’ porphyry copper discovery further underscores the potential of its assets.
In addition to silver and copper, Bayhorse’s mineralization includes antimony, a critical mineral essential for applications such as flame retardants and ammunition. With global antimony supply constraints, including export bans by major producers, Bayhorse is well-positioned to contribute to the supply of this strategically important material.
Experienced Leadership and Technical Expertise
Bayhorse Silver Inc. benefits from a seasoned management team and technical experts with extensive experience in mineral exploration, mine development, and production. The team includes geologists and engineers who have successfully advanced projects from exploration to production, ensuring the company remains at the forefront of the industry.
Conclusion
Bayhorse Silver Inc. represents a compelling opportunity in the mining sector, combining advanced technology, strategic exploration, and a commitment to sustainability. With its focus on high-grade deposits and environmentally conscious operations, the company is well-positioned to meet the growing demand for silver, copper, and critical minerals in the global market.
Bayhorse Silver (TSXV: BHS) (OTCQB: BHSIF) is submitting 77 assay samples totaling 115 meters from its ongoing drilling program at the Bayhorse Silver Mine in Oregon. The samples are from drillhole BH24-01, which has a targeted depth of 260 meters.
The assays will test for 35 elements plus gold, following historic gold values up to 10 g/t and company samples up to 1.71 g/t gold. The company is also planning a downhole geophysics program to supplement the VTEM survey, covering a vertical depth of 250-300 meters and an EW strike of up to 270 meters.
The exploration reveals areas of strong silicification, epithermal-style vuggy quartz veining, and hydrothermal brecciation in Hole BH24-01. The company's exploration model suggests that the silver-copper-antimony rich mineralization could have its source in an underlying shallow pluton potentially hosting porphyry copper mineralization.
Bayhorse Silver (TSXV: BHS) (OTCQB: BHSIF) reports progress on underground diamond drilling at its Bayhorse Silver Mine in Oregon. The drilling has encountered a strongly brecciated zone at 112m depth, extending to 148m, characterized as a highly silicified hydrothermal polymictic breccia. XRF field analysis indicates elevated levels of copper, zinc, and lead, though these results await laboratory confirmation.
The breccia contains multiple rounded, 'milled' clasts, likely resulting from high-pressure fluids from a buried pluton. The composition includes rhyolite, andesite, quartzite, meta sedimentary rocks, and granite. The company's exploration model suggests the silver-copper-antimony mineralization could originate from underlying shallow granites potentially hosting porphyry copper mineralization.
Bayhorse Silver has commenced underground diamond drilling at its Bayhorse Silver Mine in Oregon, targeting a large low-resistivity anomaly beneath the silver/copper/antimony rich rhyolite. The anomaly extends 1.5+ km with a vertical extent of 500m and width up to 100m.
The drilling operation expects to achieve approximately 30 meters of core per shift, aiming to intersect the anomaly 150m downhole with a projected depth of 257m. Notably, the Bayhorse mineralization contains 10-12% Antimony in its concentrate, which has gained strategic importance following China's export ban to the US. The current antimony price is US$16 per lb and is expected to rise.
The company plans to test the Sunshine Process for separating antimony from silver/copper in the concentrate for potential added value.
Bayhorse Silver (TSXV: BHS) (OTCQB: BHSIF) has mobilized an underground diamond drill rig at its Bayhorse Silver Mine in Oregon to explore a large low-resistivity anomaly beneath the mine. The drilling will commence from 241 ft inside the Mine portal, targeting an anomaly with a vertical extent of 500m and width up to 100m. The company plans to intersect the anomaly at 150m down hole with a projected depth of 257m, testing for a potential porphyry copper deposit. The exploration is based on the presence of silver/copper rich mineralization in the area, with historical grades reaching 15% Silver and 17% Copper.
Bayhorse Silver Inc. (TSXV: BHS) (OTCQB: BHSIF) has provided an update on its Bayhorse Silver Mine and surrounding area. The company is conducting its first drilling program outside the reported 6.3 Million Ounce NI-43-101 Inferred Silver Resource area, targeting a potential porphyry copper deposit. The mine is located near historic gold mines and Hercules Metals' silver property.
Bayhorse's exploration model suggests that the silver/copper mineralization could be sourced from underlying shallow granites. The company is in the final stages of permitting at the Bayhorse Mine. Additionally, Bayhorse has announced a 16 million Unit non-brokered private placement at C$0.04 per Unit for gross proceeds of C$640,000, subject to TSX Venture Exchange approval.
Bayhorse Silver Inc. (TSXV: BHS) (OTCQB: BHSIF) announces a 16 million Unit non-brokered private placement at C$0.04 per Unit for gross proceeds of C$640,000. Each unit includes one common share and one transferable warrant exercisable at C$0.08 for 24 months. The funds will be used for an underground drilling program at the Bayhorse Silver Mine to test for a potential porphyry copper deposit and for general expenses.
The placement is open to existing shareholders under the "existing shareholder" exemption. The company plans to drill from established underground workings to intercept a large low-resistivity anomaly believed to be a potential porphyry copper deposit. The anomaly extends from beneath the Bayhorse Silver Mine in Oregon, USA, northward for over 5,000 ft (1.5km).
Bayhorse Silver Inc. (TSXV: BHS) (OTCQB: BHSIF) announces an underground diamond drill program to explore a large low-resistivity anomaly beneath its Bayhorse Silver Mine in Oregon, USA. The program aims to test for the presence of a porphyry copper deposit. The anomaly extends northward for over 5,000 ft (1.5km) and has a vertical extent of 330 ft (100 m).
The company plans to drill from 230 ft inside the underground workings into the anomaly at 755 ft beneath the silver/copper rich bearing rhyolite. Bayhorse's exploration model suggests that the mineralized rhyolite could have its source in underlying shallow granites that may be conductive porphyry copper bodies. The highest grade identified at the mine is 15% Silver, 17% Copper.
A downhole geophysics program is also planned upon completion of the drill program to gain a clearer picture of the mineralization profile.
Bayhorse Silver Inc. (TSXV: BHS) (OTCQB: BHSIF) reports on its recent geological mapping program at the Pegasus Project in Idaho, USA. The project, covering over 2,000 acres, is located within 0.5 miles of the company's Bayhorse Silver Mine in Oregon. Key findings include:
1. Identification of small intrusive rhyolite bodies in the Pegasus claim group area.
2. Pronounced low-resistivity anomalies beneath mineralized rhyolite at both the Bayhorse mine and Pegasus project area.
3. Exploration model suggesting the mineralized rhyolite could have its source in underlying shallow granites, potentially conductive porphyry copper bodies.
4. Similarities to the recently discovered porphyry copper deposit in the Cuddy Mountains district.
5. Plans to drill the large low-resistivity anomaly at Pegasus to test for the presence of a porphyry copper deposit.
Bayhorse Silver Inc. (TSXV: BHS) (OTCQB: BHSIF) has completed a preliminary analysis of its recent geological mapping program at the Pegasus Project in Idaho, USA. The analysis revealed multiple small intrusive rhyolite bodies in the area, suggesting the presence of contemporary magma sources at depth. These sources could potentially be mineralized, based on observed mineralization near rhyolite masses and the proximity to silver deposits associated with rhyolite.
The company has identified three distinct varieties of rhyolite, indicating multiple sources or magmatic pulses. Some rhyolite bodies show signs of mineralization, including veining, alteration, and fracturing. Low-resistivity geophysical anomalies have been detected, potentially indicating conductive copper-sulfide minerals at depths of 25 to 525 meters.
Bayhorse has received approval for a minimum five-hole drill program targeting the main low-resistivity anomaly. CEO Graeme O'Neill expressed satisfaction with the team's progress and anticipation for the upcoming drill testing to confirm mineralization.
Bayhorse Silver Inc. (TSXV: BHS) (OTCQB: BHSIF) has completed the installation of three groundwater test wells at its Bayhorse Silver Mine in Oregon, USA. This marks the final part of baseline studies required for the company's full Mine Operating Permit. The deepest test well, located 600 feet west of the underground mine workings, confirmed the presence of the silver-bearing rhyolite zone at depth. This extends the known mineralized area beyond the current workings.
The company plans to conduct deep drilling from the underground workings to further test the extent of mineralization in this rhyolite area. Bayhorse CEO Graeme O'Neill stated that with the completion of these wells, they anticipate finalizing the full Mine Operating Permit application soon. Additionally, the company has announced an extension of the expiry date for 12,750,000 warrants from August 16, 2024, to August 16, 2027, subject to TSX-V Exchange approval.
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