Bayhorse Silver Mine
Underground Development work has commenced at the intermediate level access to a mineralized zone at the Bayhorse Silver Mine that was the subject of mining operations by Silver King Mines, prior to shutting down production on 1984 due to extremely low silver prices.
The Bayhorse Silver Mine is a past producing mine. The Company has completed rehabilitation of the portal to the intermediate level that was partially mined in 1984. As disclosed in the National Instrument 43-101 Technical Report on the Bayhorse Mine, (link to report at top of page) there is a known mineralized zone (Herdrick 1981) at the Bayhorse Mine reportedly approximately 840 feet in length, 85 feet in width, and 22 feet thick, estimated to contain 160,000 tons of silver bearing mineralization at a reported grade of 17-20 ounces per ton silver at a 7.5 ounce per ton cut off.
( The Company advises that a qualified person has not done sufficient work to verify the historical estimates nor classify the historical estimates as current mineral resources or mineral reserves and the Company is not treating the historical estimates as current mineral resources or mineral reserves. There can be no assurance that additional work will result in the definition of any current resource or reserve.)
Past sampling that can be relied upon has identified grades as high as 69 oz/t (2,146 g/t) . The Company has confidence in this sampling as it was conducted by the principal of Cordex Mining, Dr. A. Wallace, P. Geo, (Dr, Wallace, of Reno, NV. is a well respected exploration and mining geologist and has been honored as a member of the Mining and Exploration Hall of Fame) and the Company has acquired the data directly from Cordex. (other sampling prior to Cordex has identified grades of up to 260 oz/t Ag ) In 2014 we sampled a bonanza grade of 4,835 oz/ton silver
A short mining program was undertaken in 1984 by Silver King Mines, however, work ceased when the price of silver fell below $5.00 oz and the mine has remained closed until now. The highest reported grade mined from the 1984 program was approximately 70 tons at 691 oz/t Ag.
In documentation and reports by Silver King Mines prior to closing the mine in 1984, Silver King reportedly blocked out approximately 1,890 tons ready to mine (mine plan maps, Silver King Mines, dated September, 1984). Of the approximately 6,000 tons they mined during the short period mining took place in 1984, Silver King reported 23% graded between 20 to 100 oz/t Ag, 71% graded between 6 – 20 oz/t, and the balance (300-500 tons) graded 6 oz/t or less.
The Company has conducted dense media separation (DMS) testing on approximately 500lbs of highly weathered low grade material (averaging approximately 5.28 opt Ag or 164 g/t Ag) from the historic waste pile on site, and found we were able to upgrade the silver content by up to 8 times and of course at the same time reducing the volume of the rock by 8 times. )
Dense Media Separation is a process that uses the difference in specific gravity between mineralization and waste rock to remove the waste and upgrade the mineralized material. Ore sorting uses various methods to identify the difference between mineralized and non mineralized material and keeps the mineralized and rejects the non mineralized. They are a simple processes, very cost effective and does not require permitting, unlike a chemical processing or flotation plant.
We have conducted approximately $500,000 of engineering and geological work at the site and have restored and re-timbered the mine portal and are currently conducting a rock bolting and screening program on the adit to ensure a safe working environment.
We have engaged American Mining and Tunneling (AMT) to complete the adit safety and mineralized zone development work . AMT is a very experienced mining contractor currently working on a substantial underground program on the Midas gold mine in Nevada. AMT commenced the work on September the 3rd, 2015.