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Bayhorse Silver Announces Drill Program on Bayhorse Mine VTEM Anomaly for Potential Porphyry Copper Target

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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) annuncia un programma di perforazione diamantata sotterranea per esplorare una grande anomalia a bassa resistività sotto la sua Miniera di Argento Bayhorse in Oregon, USA. Il programma mira a verificare la presenza di un deposito di rame porfirico. L'anomalia si estende verso nord per oltre 5.000 piedi (1,5 km) e ha un'estensione verticale di 330 piedi (100 m).

La società prevede di perforare da 230 piedi all'interno delle opere sotterranee fino all'anomalia a 755 piedi al di sotto della rhyolite ricca di argento/rame. Il modello esplorativo di Bayhorse suggerisce che la rhyolite mineralizzata potrebbe avere la sua sorgente in graniti superficiali sottostanti che potrebbero essere corpi di rame porfirico conduttivi. Il grado più alto identificato nella miniera è del 15% di Argento e del 17% di Rame.

Un programma di geofisica in foro è anche pianificato al termine del programma di perforazione per ottenere un quadro più chiaro del profilo di mineralizzazione.

Bayhorse Silver Inc. (TSXV: BHS) (OTCQB: BHSIF) anuncia un programa de perforación de diamante subterránea para explorar una gran anomalía de baja resistividad debajo de su Mina de Plata Bayhorse en Oregón, EE. UU. El programa tiene como objetivo probar la presencia de un depósito de cobre porfirítico. La anomalía se extiende hacia el norte por más de 5,000 pies (1.5 km) y tiene una extensión vertical de 330 pies (100 m).

La empresa planea perforar desde 230 pies dentro de las obras subterráneas hacia la anomalía a 755 pies debajo de la rhyolite rica en plata/cobre. El modelo de exploración de Bayhorse sugiere que la rhyolite mineralizada podría tener su origen en granitos superficiales subyacentes que pueden ser cuerpos de cobre porfirítico conductivos. El grado más alto identificado en la mina es del 15% de Plata y del 17% de Cobre.

También se planea un programa de geofísica de pozo tras la finalización del programa de perforación para obtener una imagen más clara del perfil de mineralización.

베이호스 실버 Inc. (TSXV: BHS) (OTCQB: BHSIF)는 미국 오리건에 위치한 베이호스 실버 광산 아래에 있는 큰 저저항성 이상을 탐사하기 위해 지하 다이아몬드 채굴 프로그램을 발표했습니다. 이 프로그램의 목표는 포르피리 구리 광상 존재 여부를 시험하는 것입니다. 이상은 북쪽으로 5,000피트(1.5km) 이상 확장되며, 수직 범위는 330피트(100m)입니다.

회사는 지하 작업물 내부 230피트에서 시작하여 실버/구리 함유 라이트 아래 755피트의 이상으로 드릴링할 계획입니다. 베이호스의 탐사 모델은 광물화된 라이트가 기저의 얕은 화강암에서 유래했을 가능성이 있으며, 해당 화강암은 전도성이 있는 포르피리 구리의 몸체일 수 있음을 시사합니다. 광산에서 확인된 최고 등급은 15% 은과 17% 구리입니다.

드릴 프로그램 완료 후에는 광물화 프로파일에 대한 더 명확한 그림을 얻기 위해 다운홀 지구물리학 프로그램도 계획되어 있습니다.

Bayhorse Silver Inc. (TSXV: BHS) (OTCQB: BHSIF) annonce un programme de forage diamant souterrain pour explorer une grande anomalie à faible résistivité sous sa mine d'argent Bayhorse dans l'Oregon, aux États-Unis. Le programme vise à tester la présence d'un dépôt de cuivre porphyrique. L'anomalie s'étend vers le nord sur plus de 5 000 pieds (1,5 km) et a une portée verticale de 330 pieds (100 m).

L'entreprise prévoit de forer depuis 230 pieds à l'intérieur des travaux souterrains jusqu'à l'anomalie à 755 pieds sous la rhyolite riche en argent/cuivre. Le modèle d'exploration de Bayhorse suggère que la rhyolite minéralisée pourrait avoir sa source dans des granites peu profonds sous-jacents qui pourraient être des corps de cuivre porphyrique conducteurs. Le degré le plus élevé identifié dans la mine est de 15 % d'argent et 17 % de cuivre.

Un programme de géophysique en trou est également prévu à l'issue du programme de forage pour obtenir une image plus claire du profil de minéralisation.

Bayhorse Silver Inc. (TSXV: BHS) (OTCQB: BHSIF) kündigt ein unterirdisches Diamantbohrprogramm an, um eine große Anomalie mit niedriger Resistivität unter seiner Bayhorse-Silbermine in Oregon, USA, zu erkunden. Das Programm zielt darauf ab, die Anwesenheit eines porphyrischen Kupferlagers zu testen. Die Anomalie erstreckt sich nach Norden über mehr als 5.000 Fuß (1,5 km) und hat eine vertikale Ausdehnung von 330 Fuß (100 m).

Das Unternehmen plant, von 230 Fuß innerhalb der unterirdischen Arbeiten in die Anomalie bei 755 Fuß unter der silber-/kupferhaltigen Rhyolith zu bohren. Das Explorationsmodell von Bayhorse deutet darauf hin, dass die mineralisierte Rhyolith ihre Quelle in darunter liegenden flachen Graniten haben könnte, die möglicherweise leitfähige porphyrische Kupferkörper sind. Der höchste im Bergwerk identifizierte Gehalt liegt bei 15% Silber und 17% Kupfer.

Nach Abschluss des Bohrprogramms ist auch ein geophysikalisches Programm zur Untersuchung des Lochs geplant, um ein klareres Bild des Mineralisierungsprofils zu erhalten.

Positive
  • Potential discovery of a porphyry copper deposit beneath the existing silver mine
  • Large low-resistivity anomaly extending over 5,000 ft (1.5km)
  • High-grade silver and copper mineralization already identified (15% Silver, 17% Copper)
Negative
  • Exploration is speculative and success is not guaranteed
  • Additional costs associated with the new drill program and downhole geophysics

Vancouver, British Columbia--(Newsfile Corp. - September 25, 2024) - Bayhorse Silver Inc, (TSXV: BHS) (OTCQB: BHSIF) (FSE: 7KXN) (the "Company" or "Bayhorse") announces an underground diamond drill program to drill the large low-resistivity anomaly that extends from beneath the Company's silver/copper rich Bayhorse Silver Mine in Oregon, USA, and extends northward for over 5,000 ft (1.5km) to the north, to test for the presence of a porphyry copper deposit.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/5015/224517_da983d97147ed801_001.jpg

Figure 1. Resistivity data from survey by Geotech Ltd's proprietary VTEM system. Sections show the position of Bayhorse Silver Mine in relation to two pronounced low-resistivity anomalies separated approximately 5,000 ft (1.5 km) by the Brownlee Reservoir.

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Cannot view this image? Visit: https://images.newsfilecorp.com/files/5015/224517_da983d97147ed801_002.jpg

Figure 2. Resistivity data from survey by Geotech Ltd's proprietary VTEM system. Plan view shows pronounced low-resistivity anomaly (line 1030) in relation to the Bayhorse Mine underground workings

To view an enhanced version of this graphic, please visit:
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Figure 3. Surface representation of the underground drill holes

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Bayhorse plans to drill from 230 ft (70m) inside the underground workings into the large low-resistivity anomaly at 755 ft (229 m) beneath the silver/copper rich bearing rhyolite at Bayhorse Silver Mine to test for the presence of a porphyry copper deposit. With a calculated vertical extent of 330 ft (100 m) this large anomaly (BHS2024-05) lies at the northwest corner of the VTEM geophysical survey (Line 1030, Figure 1) and is open to the north beyond the VTEM survey northern boundary.

The Bayhorse exploration model holds that the silver/copper rich mineralized rhyolite at the Bayhorse Silver Mine could have its source in underlying shallow granites that may be conductive porphyry copper bodies as reflected by the low-resistivity anomalies (Conway, 2024). The highest silver/copper grade identified at the Bayhorse Silver Mine is 15% Silver, 17% Copper (BHS2014-01) while gold values up to 10 g/t have been reported from historical mining (Silver King Mines 1984).

A downhole geophysics program over an underground strike length of over 1320 (450 m) feet using the existing underground drill holes, and including the new drill holes, is planned upon completion of this drill program to gain a clearer picture of the mineralization profile of the Bayhorse Mine.

This exploration model is based largely on Hercules Metals' recently discovered porphyry copper deposit underlying historic silver mines in the Cuddy Mountains district some 45 kilometers northeast of Bayhorse/Pegasus. There the porphyry copper has a low-resistivity signature thus, it may be inferred that porphyry copper deposits could be present at Bayhorse/Pegasus and also at the Mineral district. (BHS2024-18).

Bayhorse CEO, Graeme O'Neill, comments "the low-resistivity/high-conductivity anomaly that we are targeting is in very close proximity to the Bayhorse underground working and appears to extend from approximately 550 ft (166 m) beneath the Mine workings to depth of approximately 1,020 ft (309m) for a 470 ft (142 m) vertical extent, a width of 350 ft. and a calculated strike length of 550 ft (151m). The Hercules porphyry copper discovery has been made at approximately 450 m (1,485 ft) level below grade."

This News Release has been prepared on behalf of the Bayhorse Silver Inc. Board of Directors, which accepts full responsibility for its content. Mark Abrams, AIPG,, a Qualified Person has prepared, supervised the preparation of, or approved the technical content of this press release.

On Behalf of the Board.

Graeme O'Neill, CEO
866-399-6539

About Bayhorse Silver Inc.

Bayhorse Silver Inc. is an exploration and production company with a 100% interest in the historic Bayhorse Silver Mine located in Oregon, USA and the Pegasus Project, in Washington County, Idaho. The Bayhorse Silver Mine and the Pegasus Project are 44 km southwest of Hercules Metals' porphyry copper discovery. The Bayhorse Mine includes a state of the art Steinert Ore-Sorting technology reducing waste rock entering the processing stream by up to 85%. The Company has created a minimum environmental impact facility capable of mining 200 tons of mineralization per day and the ability to process and supply 3,600 tons per year of silver/copper concentrate ranging between 7,500 to 15,000 g/t using standard flotation processing at its milling facility in nearby Payette County, Idaho, USA, with an offtake agreement in place with Ocean Partners UK Limited. The Company also has an option to acquire an 80% interest in the Brandywine high grade silver/gold property located in B.C. Canada. The Company has an experienced management and technical team with extensive mining expertise in both exploration and building mines.

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/224517

FAQ

What is the purpose of Bayhorse Silver's new drill program?

Bayhorse Silver's new underground diamond drill program aims to test for the presence of a porphyry copper deposit beneath its existing Bayhorse Silver Mine in Oregon, USA.

How large is the anomaly Bayhorse Silver (BHSIF) is targeting?

The low-resistivity anomaly Bayhorse Silver is targeting extends northward for over 5,000 ft (1.5km) and has a vertical extent of 330 ft (100 m).

What is the highest grade of mineralization identified at the Bayhorse Silver Mine?

The highest grade identified at the Bayhorse Silver Mine is 15% Silver and 17% Copper.

What additional exploration is Bayhorse Silver (BHSIF) planning after the drill program?

Bayhorse Silver is planning a downhole geophysics program over an underground strike length of over 1320 feet (450 m) to gain a clearer picture of the mineralization profile of the Bayhorse Mine.

BAYHORSE SILVER INC

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