Business
Bayhorse Receives Continued High Grade Results from Crane Creek, Idaho, USA
Vancouver, British Columbia--(Newsfile Corp. - August 22, 2022) - Bayhorse Silver Inc, ...
About this update from Bayhorse Silver Inc.
[{"type":"text","content":"Bayhorse Receives Continued High Grade Results from Crane Creek, Idaho, USAVancouver, British Columbia--(Newsfile Corp. - August 22, 2022) - Bayhorse Silver Inc, (TSXV: BHS) (OTCQB: BHSIF) (FSE: 7KXN) (the \"Company\" or \"Bayhorse\") reports additional high grade gold assays from the recently acquired Crane Creek Gold Project, Idaho, USA.The claims are on a large 3 - 6 meter (10 - 20ft) wide gold bearing structure, that extends north from, and are in close proximity to, Integra's Delamar Gold Project in Southwest Idaho, 120 km (75 miles) from the Bayhorse Mill. The significant gold mineralization in Southwestern Idaho is considered the northern extension of the Carlin Gold Trend.The arsenopyrite chip samples were taken from mineral showings that outcrop over 700 feet (0.21 km) on the structure that extends over a minimum 3 km (1.9 miles) on strike. The samples were fire assayed and 3 of the samples returned 33.87 g/t (1.089 oz/t) gold and 136.85 (4.4 oz/t) silver, 26.4 g/t (0.849 oz/t) gold and 140 g/t (4.5 oz/t) silver, 15.3 g/t (0.493 oz/t) gold and 68.42 g/t (2.2 oz/t) silver and 1.36 g/t (0.044) oz/t gold and 124 g/t (4.0 oz/t) silver. A further 3 soil samples returned less than 0.01 oz/t gold.These grades compare favorably to prior reported samples taken from claims on trend by the Company that returned 33.28 g/t (1.068 oz/t) gold and 96.42 g/t (3.1 oz/t) silver and 4.98 g/t (0.16 oz/t) gold and 138 g/t (4.45 oz/t) silver, 37.69 g/t (1.202 opt) gold, 40.31 g/t (1.296 opt) gold and 0.62 g/t (0.02 oz/t) gold. The Company advises that chip samples are considered selected samples and are not indicative of, or representative of potential mined grades. Samples were taken by senior Bayhorse Mine personnel and submitted under chain of custody to Christopherson Umpire Assayers, Smelterville, Idaho, for gold and silver assays. A larger (up to 1,000 kg or 2,200lb) sampling is underway at the sites of the highest grade chip samples from the claims. The Company plans to process this bulk sample for gold and silver content at the Company's Bayhorse Mill in Payette, Idaho.Bayhorse CEO, Graeme O'Neill, comments \"Over the past four months we have had a significant, and apparently continuing, decline in both silver (30%) and gold (17%) prices.\" \"In order to ensure we can balance out the large fluctuations in the silver prices, we ar...