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Bayhorse Silver Provides AGM Results and Update on Bayhorse Silver Mine Operations, Oregon, USA
Vancouver, British Columbia--(Newsfile Corp. - February 14, 2022) - Bayhorse Silver Inc, (TSX...
About this update from Bayhorse Silver Inc.
[{"type":"text","content":"Bayhorse Silver Provides AGM Results and Update on Bayhorse Silver Mine Operations, Oregon, USAVancouver, British Columbia--(Newsfile Corp. - February 14, 2022) - Bayhorse Silver Inc, (TSXV: BHS) (OTCQB: BHSIF) (FSE: 7KXN) (the \"Company\" or \"Bayhorse\") conducted its Annual General Meeting on Wednesday February 9th, 2022, at Victoria BC.Directors Graeme O'Neill, John Cerenzia, Corey Klassen and James Walker were overwhelmingly re-elected as directors for the ensuing year. Shareholders also approved Charlton & Co, Chartered Professional Accountants, as the Company's Auditors for 2022, and subject to the approval of the TSX Venture Exchange, the Company's rolling stock option plan.The Company is preparing the 2021 annual financial statements for audit and filing prior to the filing deadline of May 2, 2022.At the Meeting, Bayhorse Silver CEO Graeme O'Neill provided an update of progress at the Bayhorse Silver Mine in delivering high grade material to its nearby Mill.He commented \"The old adage of \"drill for structure, drift for grade\" is a historically well known and reliable method of determining actual mining grades from mineralization that has been projected from drill hole data. We are currently drifting for grade.\" Recent drilling directly above and to the north of the main mine haulageway, and adjacent to the historic access to the Goldilocks mineralized zone, has identified a 3.5 meter (12 ft) intersection averaging 24.65 oz/t (766 g/t) silver that is located 3 meters (10 feet) east of a historic 24.5 meter (80 ft) raise. (BHS2021-19)This mineralization rises at a 45 - 50 degree angle to the north and is between 2.5 - 3.0 meters (6 - 8 ft) thick.Figure 1To view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/5015/113732_f0b8fece646309be_001full.jpgThis intersection confirms the high grade mineralization in the Goldilocks zone reported in 1984 when the mine was shut down due to low silver prices (<$5.00/oz). This intersection appears to demonstrate a solid zone of mineable, high grade mineralization (each square on the above illustration is 5 meters (16.5 ft) that is open to the north, east, and west. This zone will provide immediate high grade mill feed.Assays of material from the top of the raise reached as high as 100 oz/t silver in mined rounds (approx 7...