Bayhorse Silver Mine
Underground Development work is continuing on the mineralized zones at the Bayhorse Silver Mine and mineralized is being processed and upgraded through the Company’s recently installed “Ore-Sorter”.
The Bayhorse Silver Mine is a past producing mine. The Company has brought the mine back into an operating status. 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