January 17, 2019 BHS2019-01
BAYHORSE DETAILS HIGH GRADE SILVER DISTRIBUTION, BAYHORSE MINE, OREGON,
Bayhorse Silver Inc., TSX-V: BHS (“Bayhorse” or
the “Company”) reports 23 silver channel sample assays from the Bayhorse
Silver Mine, Oregon, USA.
This sampling will assist in selectively mining the
higher grade zones while designing barren portions as support pillars.
sample results are tabulated below:
The channel samples were taken from two newly built
raises and stopes separated 50 foot apart south to north with virgin ground
between. Samples measuring 1 meter
(3.3ft) by 0.2 meters (6 inches), were taken on 0.9 meter (10 ft) centers. The
WR series of samples were taken both vertically and horizontally, while the
other samples were over a vertical distance of 3 meters (10 ft) with three 1
meter samples in each sample location. All samples are from the westerly end of
the newly accessed main haulage way.
Bulk sampling is underway at this location.
Bayhorse CEO Graeme O’Neill comments “this detailed
sampling program will allow us to better design removal of the high grade
portions of the deposit while conserving the lower grade zones as critical
support pillars.” “ just like building a cathedral from inside out, the pillars
help support the opening and roof that has been created by removing the
mineralized rock. “the sampling also helps in gauging the silver upgrade of the
plus 8 mm material through the ore-sorter, and grade of mineralized material that
is in the minus 8 mm material to determine the actual grade mined.”
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.
Assaying for the samples reported above is by
American Analytical Services Labs of Osburn, Idaho. The analytical method used
for the silver analysis consists of a 1 Assay Ton (AT) samples subjected to
fire assay with gravimetric finish. Base
metals are subjected to an ICP 35 element, four acid digestion assay.
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