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Bayhorse Silver Maiden Resource 6 Million Ounce, NI-43-101 Inferred, Bayhorse Silver Mine, Oregon, USA.
Vancouver, British Columbia--(Newsfile Corp. - September 24, 2018) - Bayhorse Silver Inc. (TSX...
About this update from Bayhorse Silver Inc.
[{"type":"text","content":"Bayhorse Silver Maiden Resource 6 Million Ounce, NI-43-101 Inferred, Bayhorse Silver Mine, Oregon, USA.Vancouver, British Columbia--(Newsfile Corp. - September 24, 2018) - Bayhorse Silver Inc. (TSXV: BHS) (The \"Company\" or \"Bayhorse\") is pleased to announce the release of a Maiden Inferred Mineral Resource for the 100% controlled Bayhorse Silver Mine, Oregon, USA. The maiden resource is comprised of 292,300 short tons at an average grade of 21.65 troy ounces per ton (opt) silver (Ag) for total contained silver of 6,328,400 ounces. The mineralized material contains significant amounts of copper (Cu) and zinc (Zn), however the historic data utilized in the mineral resource estimate did not allow for a reliable calculation of the grade of Cu and Zn.Highlights of Modelling and Mineral Resource Estimate292,300 tons inferred mineral resource (See Table 1 below).21.65 opt Ag grade (See Table 1 below).6,328,400 oz of contained silver (See Table 1 below).Mineralized silver zone hosted in rhyolite with dimensions approximately 800 ft (245 m) along strike east-west, 200 ft (60 m) across strike and 23 ft (7 m) in thickness.Bayhorse CEO Graeme O'Neill states \"we are extremely pleased that the resource indicated by the Resource Modelling is in line with the estimated tonnage and grades that were believed to be hosted at the Bayhorse Silver Mine. It has been a long struggle to achieve this result in the face of extreme weakness in the precious metals markets and the resulting lack of available capital, but our mining and technical teams have done a tremendous job. Not only have we built a mine, but we have also developed our maiden resource while doing so.\" Conceptual Exploration TargetAn additional conceptual exploration target of 200,000 to 250,000 tons at a range of grades of 10 to 20 opt Ag for a range of 2 million to 5 million ounces of silver has been modelled. The additional exploration target is conceptual in nature, there has been insufficient exploration to define a mineral resource for the exploration target and it is uncertain if further exploration will result in the definition of additional resources.High grade, silver/copper mineralization from 900 feet inside the Bayhorse Silver MineTo view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/5015/38854_38858_a1537678749792_38.jpgAPEX Geosci...