Bayhorse metallurgical sample returns 5.12 g/t gold from its Crane Creek Gold Silver Project, Idaho, USA
Vancouver, British Columbia–(Newsfile Corp. – September 26, 2022) – Bayhorse Silver Inc, (TSXV: BHS) (OTCQB: BHSIF) (FSE: 7KXN) (the “Company” or “Bayhorse”) reports that the previously announced 1,302 lb metallurgical sample from the Crane Creek Gold Project, Idaho, USA, was ground to less than 1 mm (20 mesh) and processed through the gravity concentrator circuit and separated into four (4) streams, which were sampled to give an average rating of the total of 1,302 pounds.
The total ounces of gold contained in the 1302 pound sample was 0.1 oz or 3.09 g, or 0.15 oz (5.12 g) per metric ton, and are tabulated below.
Metallurgical samples were collected from previously sampled sites as reported in the company’s press release: BHS2022-16, which returned 33.87 g/t (1.089 oz/t) gold and 136.85 ( 4.4 oz/t) silver; 26.4 g/t (0.849 oz/t) gold and 140 g/t (4.5 oz/t) silver; 15.3 g/t (0.493 oz/t) gold and 68.42 g/t (2.2 oz/t) silver; and 1.36 g/t (0.044) oz/t gold and 124 g/t (4.0 oz/t) silver.
The samples were also submitted to American Analytical Lab for 36-element ICP analyses.
The Company advises that larger metallurgical samples are always considered selected samples and may not be indicative or representative of potential grades mined.
A request has been made to take a bulk sample of up to 1,000 tons from the property, which will be processed at the company’s plant in Payette, Idaho.
Mineralization at Crane Creek consists of auriferous and silver-bearing arsenopyrite. The purpose of the metallurgical testing of the mineralization at Crane Creek is to determine the gravity, flotation and leaching characteristics of the gold bearing arsenopyrite mineralization.
The Crane Creek claims cover a major gold and silver structure, 3 to 6 meters (10 to 20 feet) wide, which lies north of and near Integra’s Delamar Gold project in southwestern Idaho, 120 km (75 road miles) from the Bayhorse Mill. Extensive gold mineralization in southwestern Idaho is interpreted to be the northern extension of the Carlin gold trend.
Bayhorse CEO Graeme O’Neill comments: “As a company, we have made significant progress in advancing the company’s agenda. With the addition of the Crane Creek Gold Project, we have added a significant gold component to add to the current silver supply. at our processing facility in Payette, Idaho. We have drilled our Brandywine gold/silver project, where we believe a significant historic gold resource remains to be proven by drilling, and are nearing the end of silver leach testing by Clean Earth Technologies, of Singapore, in collaboration with CSIRO and SGS Australia. Our ultimate goal is to establish a strong silver/gold throughput in our Idaho plant.
The Company does not base any production decision on a feasibility study of mineral reserves demonstrating economic and technical viability and indicates that there is increased uncertainty and a specific economic and technical risk of failure with any production decision. These risks include, but are not limited to, (i) a decline in the price of the raw materials produced, namely silver, gold, copper, lead and zinc, relative to the price used to take a production decision; (ii) the fact that the qualities of the material produced do not correspond to the parameters used to make the production decision; (iii) increased operating costs due to changes within the mine during development and operating procedures; and (iv) changes in metallurgical recovery that cannot be anticipated at the time of production.
The Society held its Annual General Meeting on September 15e, in Victoria, British Columbia. Directors Graeme O’Neill, James Walker, John Cerenzia and Corey Klassen were each approved as directors of the Company with over 99% approval of the votes cast for each director. The number of directors has been set at four for the coming year. Charlton & Company were reappointed as auditors and the company’s stock option plan also received over 99% approval.
This press release has been prepared on behalf of the Board of Directors of Bayhorse Silver Inc., which accepts full responsibility for its content. Dr. Stewart Jackson, P.Geo., a qualified person and consultant to the company, prepared, supervised the preparation and approved the technical content of this press release.
On behalf of the Board of Directors.
Graeme O’Neill, CEO
About Bayhorse Silver Inc.
Bayhorse Silver Inc. is an exploration and production company with a 100% interest in the historic Bayhorse silver mine located in Oregon, United States. With state-of-the-art Steinert Ore-Sorting technology reducing waste rock entering the processing stream by up to 85%, we have created a minimal environmental impact facility capable of extracting 200 tonnes of mineralization per day and the capacity to process and to supply 3,600 tonnes per day. year of silver/copper concentrate ranging between 7,500 and 15,000 g/t using standard flotation treatment at its mill in nearby Payette County, Idaho, USA, with an off-take agreement in place with Ocean Partners UK Limited. The Company also has the option to acquire an 80% interest in the Brandywine high-grade silver/gold property located in British Columbia, Canada. The Company has an experienced management team and technical team with extensive mining expertise in exploration and mine construction.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.