VANCOUVER, BC–(Marketwired – July 07, 2016) – Bayhorse Silver Inc. (TSX VENTURE: BHS) (the “Company” or “Bayhorse“) CEO Graeme O’Neill reports that with silver prices now over US$20 per ounce, removal of the first “run of mine” mineralization since the historic 1984 mining program from the Bayhorse Silver Mine is under way. Mineralization includes veins, stockworks, replacements and pods dominated by tetrahedrite-tennantite, acanthite and other sulfosalts together with abundant sphalerite, as reported by Leitch (2013).Variable amounts of chalcopyrite, galena and minor pyrite are present.
Sampling of 165 kilograms (365 lb) of material was taken across the width (approximately 2.5 m or 8ft) of the production adit back, at a location 100 meters (330 ft) in from the mine portal. The material has been received in Vancouver and subjected to XRF testing by E. Harrington, P.Geol. A portion of the mineralized material has been submitted to Metsolve Metallurgical Labs, Langley, BC, for comparison assays, and additional Dense Media Separation work in preparation for mine processing.
The XRF testing compared favorably to the XRF Ore-Sorting engineering testing results from Sacre-Davey Engineering (Sacre-Davey) as previously reported in the Company’s news release BHS2015-33.
Of the 100 samples tested by Sacre-Davey, 37 contained values greater than the 1984 mining program cut off grade of 188 ppm (6 opt) Ag.
| No of Samples | Silver Grade Range | ||
| 3 | 12,898 ppm (414.7 opt) Ag | to | 2,037 ppm (65.49 opt) Ag |
| 4 | 1,651 ppm (53.08 opt) Ag | to | 1,448 (46.55 opt) Ag |
| 3 | 1,224 ppm (39.35 opt) Ag | to | 1,080 ppm (34.72 opt) Ag |
| 4 | 866 ppm (27.84 opt) Ag | to | 650 ppm (20.9 opt) Ag |
| 6 | 503 ppm (16.07 opt) Ag | to | 413 ppm (13.28 opt) Ag |
| 9 | 386 ppm (12.41 opt) Ag | to | 301 ppm (9.67 opt) Ag |
| 8 | 249 ppm (8.06 opt) Ag | to | 201 ppm (6.59 opt) Ag |
63 remaining samples graded less than 188 ppm i.e. less than cut off grade of the 1984 mining program and were treated as reject material for the purposes of the test.
An additional 500 kg of the “run of mine” mineralization will be submitted for crushing and sizing testing. The crush size for optimum recovery in the Ore-Sorting process is between 25mm and 100mm, and for the Dense Media process, the optimum size is between 1mm and 25mm.
Bayhorse Silver Inc. is a junior exploration company that is earning an 80% interest in the historic Bayhorse Silver Mine in Oregon, USA, that has the potential for a substantial silver discovery, and is earning a 75% interest in the past producing Bridging the Gap Project, consisting of ASARCO’s historic Crown Point, Silver King, Ranger, Wyoming, Curlew, and Blackhawk silver/lead/zinc mines in Idaho’s Silver Valley. The Company has an experienced management and technical team with extensive exploration expertise. This News Release has been prepared on behalf of the Bayhorse Silver Inc. Board of Directors, which accepts full responsibility for its contents.
Dr. S. A. Jackson, PGeo. , a Qualified Person and Technical Advisor to the Company has prepared, supervised the preparation of, or approved the technical content of this press release.
On Behalf of the Board
Graeme O’Neill, President
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.
BHS2016-10
Bayhorse Silver Inc.
Graeme O’Neill
President
604-684-3394
888 684 0586 (FAX)
[email protected]
www.bayhorsesilver.com
