February 6, 2019 BHS2019-03
Bayhorse Silver Inc., TSX-V: BHS (“Bayhorse” or
the “Company”) reports that it has shipped 150 kg of high grade silver
mineralization for processing from the Bayhorse Silver Mine, Oregon, USA to
Mineral Solutions LLC (Minerals) of Coeur d Alene, Idaho.
The 150 kg (330 lb) sample was taken from a 10 foot by 2.5
foot by 3 inch thick panel of the Big Dog Zone vein. Additionally, a 25 kg
sample from the same location was shipped in early January to Minerals for a
total of three samples submitted.
The samples assay results are tabulated below:
The samples were split according to ASTM
sampling protocol. Assaying for the samples reported above was conducted by Christopherson Umpire Assayer of Osburn, Idaho. The analytical method used
for the silver analysis consists of 1 Assay Ton (AT) samples subjected to fire
assay with gravimetric finish. Base
metals assay for the samples are subjected to an ICP 35 element, four acid
digestion assay and are pending. Fire assays were done in duplicates with
Bayhorse CEO Graeme O’Neill comments “The high grade
material we have submitted to Mineral Solutions is to further enhance the
silver recovery from the Bayhorse mineralization. The Big Dog vein grades compare
well to the Yankee Boy vein at the historic Sunshine Mine in Idaho’s Silver
Valley, that was 3 to 5 inches wide and historically averaged 400 ounces per
The Company is not basing any decision to produce on a
feasibility study of mineral reserves demonstrating economic and technical
viability, and also advises there is an increased uncertainty and specific
economic and technical risk of failure with any production decision. These
risks include, but are not limited to , a drop in price of commodities
produced, namely silver, copper , lead and zinc, from the pricing used to make
a production decision. Failure of grades of the produced material to fall
within the parameters used to make the production decision, and increase in
mining costs due to changes within the mine during development and mining
procedures. There are also metallurgical recovery changes that cannot be
anticipated at the time of production.
This News Release has been prepared on behalf of the
Bayhorse Silver Inc. Board of Directors, which accepts full responsibility for
its contents. Dr. Stewart Jackson, P.Geo., a Qualified Person and Consultant to
the Company has prepared, supervised the preparation of, and approved the
technical content of this press release.
On Behalf of the Board.
Graeme O’Neill, CEO