Bayhorse Silver Inc Stock Price, News & Analysis

Bayhorse Silver has confirmed significant silver mineralization extensions at its Oregon mine, with the strike length now extending 150 meters beyond existing workings for a total of nearly 500 meters. The company discovered a new high-grade 'Drift Zone' parallel to the main haulage way, with impressive sample grades up to 192.35 oz/t silver and 10.7% copper. The company plans additional underground drilling to explore this zone, which is estimated to be at least 10 meters wide. The mine, which historically produced high-grade silver (up to 240 oz/ton) along with copper, antimony, and zinc, was previously closed in 1984 due to low silver prices. With current silver prices reaching US$37 per ounce, Bayhorse is accelerating exploration efforts and working towards completing its final Operating Permit application.

Bayhorse Silver Inc (OTCQB: BHSIF) has initiated drilling operations at a newly identified IP target near its Bayhorse Silver Mine in Oregon. The target is located 78m east and 57m below the historic high-grade Sunshine silver stope.

The first drill hole, planned for 60 meters length, is expected to intersect the IP anomaly at 25m depth. The target's size is comparable to the historic Sunshine, Junction, and Big Dog stopes, each of which previously yielded approximately 25,000 tons of direct shipping grade silver mineralization.

Historical mining operations in these stopes produced high-grade silver up to 240 ounces per ton, along with critical minerals including copper, antimony, and zinc. The mine closed in 1984 due to low silver prices below $5 per ounce. The property contains a National Instrument 43-101 inferred resource of 6.3 million ounces of silver at a grade of 21.65 opt (673 g/t).

Bayhorse Silver (OTCQB: BHSIF) has received final IP Survey results for the eastern side of their Silver Mine, revealing five significant low-resistance IP targets. The nearest target is located 78m east and 57m below the historic Sunshine stope. The mineralized zone now extends to over 600m in strike length.

Three of these anomalies align with the historic Sunshine, Junction, and Big Dog stopes, which previously yielded approximately 25,000 tons of direct shipping grade material each. These historic stopes contained high-grade silver (up to 240 ounces per ton) along with critical minerals including copper, antimony, and zinc.

The company is preparing to drill the first IP target, situated 18m under the mine access road. The IP survey also identified a significant chargeability zone with a N-S strike of approximately 400m and a vertical extent of 75-100m. The exploration model suggests the possibility of porphyry copper mineralization from an underlying shallow pluton as the source of the rhyolite-hosted mineralization.

Bayhorse Silver (OTCQB: BHSIF) has reported assay results from drill hole BH24-01 at the Bayhorse Silver Mine, revealing a significant 228-meter mineralized breccia zone. The final 112m showed continuous copper values up to 510 ppm, zinc up to 996 ppm, and intermittent gold and silver values.

The IP survey identified three low resistivity drill targets near existing mined stopes, potentially expanding the known mineralized zone. These targets are located 90 meters east of the historic Sunshine stope, extending the known mineralized strike length to over 600 meters.

The company discovered a significant chargeability zone with a N-S strike of approximately 300m within the VTEM geophysics signature. The exploration model suggests the rhyolite-hosted silver-copper-zinc-antimony mineralization could originate from an underlying shallow pluton with potential porphyry copper mineralization.

Bayhorse Silver (OTCQB: BHSIF) has reported significant findings from their drilling program at the Bayhorse Silver Mine. Drill hole BH24-01 encountered a silicified breccia zone extending from 90m to 318m downhole, with continuous copper (up to 125 ppm) and zinc (up to 695 ppm) mineralization in the first 115m, along with intermittent gold values up to 0.023 ppm.

The preliminary IP survey results have identified both chargeability and low resistance targets extending to depth within the VTEM geophysics signature. The mineralization is confirmed to be epithermal in nature, featuring strong silica flooding, vuggy quartz veining, and hydrothermal brecciation, potentially indicating proximity to a porphyry system.

The company's resource includes an NI 43-101 inferred resource of 6.3M ounces of silver at 21.65 opt. The final baseline study for mine permitting is expected by June 2025, after which silver/copper/antimony concentrate production can resume.

Bayhorse Silver (TSXV: BHS) (OTCQB: BHSIF) is submitting 77 assay samples totaling 115 meters from its ongoing drilling program at the Bayhorse Silver Mine in Oregon. The samples are from drillhole BH24-01, which has a targeted depth of 260 meters.

The assays will test for 35 elements plus gold, following historic gold values up to 10 g/t and company samples up to 1.71 g/t gold. The company is also planning a downhole geophysics program to supplement the VTEM survey, covering a vertical depth of 250-300 meters and an EW strike of up to 270 meters.

The exploration reveals areas of strong silicification, epithermal-style vuggy quartz veining, and hydrothermal brecciation in Hole BH24-01. The company's exploration model suggests that the silver-copper-antimony rich mineralization could have its source in an underlying shallow pluton potentially hosting porphyry copper mineralization.

Bayhorse Silver (TSXV: BHS) (OTCQB: BHSIF) reports progress on underground diamond drilling at its Bayhorse Silver Mine in Oregon. The drilling has encountered a strongly brecciated zone at 112m depth, extending to 148m, characterized as a highly silicified hydrothermal polymictic breccia. XRF field analysis indicates elevated levels of copper, zinc, and lead, though these results await laboratory confirmation.

The breccia contains multiple rounded, 'milled' clasts, likely resulting from high-pressure fluids from a buried pluton. The composition includes rhyolite, andesite, quartzite, meta sedimentary rocks, and granite. The company's exploration model suggests the silver-copper-antimony mineralization could originate from underlying shallow granites potentially hosting porphyry copper mineralization.

Bayhorse Silver has commenced underground diamond drilling at its Bayhorse Silver Mine in Oregon, targeting a large low-resistivity anomaly beneath the silver/copper/antimony rich rhyolite. The anomaly extends 1.5+ km with a vertical extent of 500m and width up to 100m.

The drilling operation expects to achieve approximately 30 meters of core per shift, aiming to intersect the anomaly 150m downhole with a projected depth of 257m. Notably, the Bayhorse mineralization contains 10-12% Antimony in its concentrate, which has gained strategic importance following China's export ban to the US. The current antimony price is US$16 per lb and is expected to rise.

The company plans to test the Sunshine Process for separating antimony from silver/copper in the concentrate for potential added value.

Bayhorse Silver (TSXV: BHS) (OTCQB: BHSIF) has mobilized an underground diamond drill rig at its Bayhorse Silver Mine in Oregon to explore a large low-resistivity anomaly beneath the mine. The drilling will commence from 241 ft inside the Mine portal, targeting an anomaly with a vertical extent of 500m and width up to 100m. The company plans to intersect the anomaly at 150m down hole with a projected depth of 257m, testing for a potential porphyry copper deposit. The exploration is based on the presence of silver/copper rich mineralization in the area, with historical grades reaching 15% Silver and 17% Copper.