Business
New Gold Intersection by Bayhorse Silver at the Bayhorse Silver Mine, Oregon, USA
Vancouver, British Columbia--(Newsfile Corp. - March 2, 2022) - Bayhorse Silver Inc, (TSXV: B...
About this update from Bayhorse Silver Inc.
[{"type":"text","content":"New Gold Intersection by Bayhorse Silver at the Bayhorse Silver Mine, Oregon, USAVancouver, British Columbia--(Newsfile Corp. - March 2, 2022) - Bayhorse Silver Inc, (TSXV: BHS) (OTCQB: BHSIF) (FSE: 7KXN) (the \"Company\" or \"Bayhorse\") reports it has intersected 0.9 meters (3ft) of 1.71 g/t of gold at the Bayhorse Silver Mine, Oregon, USA.Drill hole BHDD-019 intersected 2.9 meters (9.5 feet) of anomalous gold up hole from 30.5 feet to 40 feet (9.3 - 12.2 meters) including the 1.71 ppm Au sample from 37 to 40 ft. (11.3 - 12.2 meters).The gold intersection is located in the upper Goldilocks Zone at the extreme western end of the Mine development, where, 100 feet (30 meters) to the east, during its 1984 mining operations, Silver King Mines reported silver grades in mined rounds (between 50 and 70 tons) of 100 ounces per ton.While Silver King reported mining gold grades of up to 10 g/t, the historic records did not identify in which part of the workings the gold was mined, this gold intersection indicates it was probably in this section of the mine.Bayhorse CEO, Graeme O'Neill, comments, \"with this initial gold intersection the Company is very pleased it has confirmed the historic reports of gold being present at the Bayhorse Mine, and believes it further enhances the Company's prospects at the Bayhorse.\" He further comments, \"The Bayhorse mineralization is considered an epithermal style deposit (G.E. Ray, 2014) with silver rich mineralization at the top of the system. This raises the exciting possibility that with increasing depth, the high grade silver mineralization at the Mine may pass down into gold-rich mineralization.\" As well as extending the area of known silver mineralization, the Company will extend the underground diamond drilling program in this area of the mine to follow up this gold intersection, and test the mines, at depth potential. for economic gold mineralization.. BHDDH-019 was drilled at an azimuth of 345 degrees and a +30 degree dip. As reported in the Company's news release, BHS2022-03, the Company has begun rehabilitating the historic 24.5 meter (80 foot) raise deep inside the mine, where a new drill station will be established to permit additional drilling both up dip to further determine the extent of the silver mineralization, and down dip to follow up this gold intersection. Milling operations are...