Bayhorse Silver Ground Water Test Well Drilling Underway

Rhea-AI Summary

Bayhorse Silver has started drilling three groundwater test wells at its Bayhorse Silver Mine in Oregon, USA. These wells, two of 150 feet and one of 750 feet, are part of the baseline studies needed for obtaining a full Mine Operating Permit. The drilling, directed by HDR Engineering and approved by Oregon's Department of Geological and Mineral Industries, is expected to finish by early July. CEO Graeme O'Neill noted that the approval took a year, and the company is now in the final stages of its permit application to resume mining operations.

Positive

• Installation of three groundwater test wells underway, important for obtaining a full Mine Operating Permit.
• Drilling expected to be completed by early July.
• Approval for the test well drilling program secured from Oregon's Department of Geological and Mineral Industries.
• Baseline studies approaching completion, bringing the company closer to resuming mining operations.

Negative

• None.

Vancouver, British Columbia--(Newsfile Corp. - June 20, 2024) - Bayhorse Silver Inc, (TSXV: BHS) (OTCQB: BHSIF) (FSE: 7KXN) (the "Company" or "Bayhorse") reports that the installation of three groundwater test wells is underway at its Bayhorse Silver Mine, Oregon, USA to complete the final part of its baseline studies required for the Company's full Mine Operating Permit.

The three test wells, two of 150 foot depth, and one of 750 foot depth, are to determine whether any groundwater is present around the Bayhorse Silver Mine that may be affected by planned mining operations. The wells are expected to be drilled and completed by the end of the first week of July.

The test wells are being installed under the direction and supervision of HDR Engineering, of Boise, Idaho, through a ground water test plan approved by Oregon's Department of Geological and Mineral Industries ("Dogami").

Bayhorse CEO, Graeme O'Neill, comments "It has taken a year from the initial planning stage, to approval of the ground water test well drilling program. Now that it is underway, we are in the final stages of our full Mine Operating Permit application to get back to mining operations."

Figure 1, Groundwater test well drill rig in operation at the Bayhorse Mine with the Pegasus Property in the background

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5015/213704_72a1fa0bc46e0a18_001full.jpg

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 Silver's 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%, we have 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/213704

FAQ

What is Bayhorse Silver's recent development in the Bayhorse Silver Mine?

Bayhorse Silver has begun drilling three groundwater test wells as part of the baseline studies required for a full Mine Operating Permit.

When will Bayhorse Silver complete the groundwater test well drilling?

The drilling is expected to be completed by early July 2024.

What is the significance of the groundwater test wells for Bayhorse Silver's operations?

The groundwater test wells are important for completing the baseline studies needed to obtain a full Mine Operating Permit and resume mining operations.

Who is overseeing the groundwater test well drilling at Bayhorse Silver Mine?

The drilling is being directed and supervised by HDR Engineering, under a plan approved by Oregon's Department of Geological and Mineral Industries.

How deep are the groundwater test wells being drilled by Bayhorse Silver?

Bayhorse Silver is drilling two wells to a depth of 150 feet and one well to a depth of 750 feet.

What is the stock symbol for Bayhorse Silver?

The stock symbol for Bayhorse Silver is BHSIF.