Bayhorse Silver Announces Initial 2026 Work Program Objectives
Rhea-AI Summary
Bayhorse Silver (TSXV: BHS / OTCQB: BHSIF) announced its initial H1 2026 work program focused on permitting, sampling, drilling and metallurgical testing to advance the Bayhorse Mine toward up to 200 ton/day underground operations.
Key items: complete a groundwater baseline for the Full Mine Operating Permit; an approved 25-ton underground metallurgical bulk sample; a 500 m surface diamond drill program targeting four shallow IP targets; milling and flotation at the Payette mill; an antimony leach pilot program; and conditional up to ~1,000 m underground drilling and an NI 43-101 upgrade. Company received >$650,000 from recent warrant and option exercises to fund programs.
Positive
- NI 43-101 inferred resource: 6.3284M oz Ag
- Received >$650,000 from warrant and option exercises
- Planned 500 m surface and up to 1,000 m underground drilling
Negative
- Permitting outcome required before resuming up to 200 t/day operations
- Resource currently classified as inferred, higher geological uncertainty
- Further drilling and bulk sample results required to update NI 43-101
News Market Reaction – BHSIF
On the day this news was published, BHSIF declined 11.42%, reflecting a significant negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Vancouver, British Columbia--(Newsfile Corp. - January 7, 2026) - Bayhorse Silver Inc, (TSXV: BHS) (OTCQB: BHSIF) (FSE: 7KXN) (the "Company" or "Bayhorse") announces the Company work program for the first half of 2026 consisting of:
- Completing the final Bayhorse Mine groundwater baseline study for the Full Mine Operating Permit application
- Conduct the approved, underground 25 ton "run of mine" metallurgical bulk sample
- Conduct a 500 meter (1640 ft) surface diamond drill program on the four identified mineralized shallow IP targets under the Mine access road, east and extending north of NI 43-101 inferred resource area containing a calculated 292,300 ton at a 21.65 opt (742.2 g/t) for 6.3284 million ounces of silver (Turner et al, 2018)
- Complete milling and floating the existing "sorted and upgraded" mine development material at its Payette, Idaho, flotation mill
- Conduct a full antimony leach pilot program on the current flotation concentrate and concentrate to be produced from the metallurgical bulk sample, selling the resultant antimony/gold leachate and the silver/copper/zinc balance
- Subject to the results of the extended IP survey over the western portion of the Bayhorse Mine claims, conduct an up to approximately 1,000 meter (3,280 ft) underground drill program
- Subject to the results of the underground bulk sample, the planned surface drilling, and underground drilling, upgrade the current NI-43-101 inferred silver resource and include antimony, copper and zinc values, as with the
99.9% antimony leach results (BHS2025-32)
Bayhorse CEO Graeme O'Neill, who will be attending the January 2026 Vancouver Resource Investment Conference and the Cordilleran Roundup immediately after, comments, "the recent strong prices in silver and gold have significantly increased investor interest in the entire junior resource sector. and as more funding has become available to the Company, which lately has received in excess of
The first part, commencing immediately, will be completing the groundwater baseline study to complete the Company's Full Operating Permit Application for re-commencing its planned up to 200 ton/day underground mining operations at its Bayhorse Silver Mine. Completion of this study requires installing the groundwater testing pumps and conducting two independent groundwater tests, with samples to be submitted to Pace Environmental Labs for geochemical analysis, and filing a subsequent baseline study report.
The second part of the program is conducting a limited bulk sample from three locations in the underground workings, to provide an approved 25 ton typical "run of mine" metallurgical mineral sample for processing. This sample will be geochemically sampled for assay, first, when taken from the mine. Next, after crushing to 25 mm (1 inch) minus in size, it will be screened into two portions, plus 8 mm and minus 8 mm. Each portion will be resampled and assayed for mineral content. The two portions will then be shipped to the Company's permitted flotation mill located at Payette, Idaho, where the plus 8 mm will be passed through the Company's 40 ton/hour Steinert Ore-Sorter, that will sort into two fractions, the Sorter Select, and the Sorter Reject.
Each fraction will then be sampled for geochemical analysis. The Sorter Select will provide a definitive upgrade from the run of mine material that according to the Company's NI-43-101 Inferred Resource, should grade an average 21.65 opt (673 g/t) silver. Milling and floating the Sorter Select into a "float concentrate" should provide a confirmed float recovery, and float reject value, while the Sorter Reject will provide a definitive analysis for mine permitting purposes of the reject grade, and acid rock drainage ("ARD") value thus confirming its suitability for either underground or above ground storage, or its salability as construction gravel. This analysis will also confirm, prior unreported testing that has indicated the "Sorter Rejects have an acid/base analysis ("ABA") of 29", indicating Sorter Reject material is not acid generating.
The third part of the program is to conduct a minimum five surface drillholes to test four identified IP targets. These targets lie under the Mine access road and extend from 73 meters (240 ft) east of and up 130 m (426 ft) north of the NI 43-101 inferred resource area. The holes will be drilled each to a depth of 81 meters (265 ft). One of these targets was intersected by groundwater test well MW2, at a depth of between 22 meters and 33.5 meters (72 -110 ft) from surface with a 3 meter (10 ft) intersection of 1.5 meters (5 ft) grading an average of 1104 g/t (35.46 opt) silver and 1.5 meters (5 ft) averaging 770 g/t (23.12 opt) (BHS2025-12). This intersection lies at an elevation of 667 meters (2190 ft) above sea level ("ASL") and 91 meters (300 ft) NE and 60 meters (200 ft ) lower than the historic, mined, Sunshine Stope at an elevation of 728 meters (2390 ft) ASL.
The fourth and fifth part of the program will consist of (i) milling and floating the balance of the already "Ore-sorted" pre-concentrate mine development mineralization at the Company's mill; (ii) milling the "sorted" bulk sample pre-concentrate, to add to the existing float concentrate; and (iii) conduct a bulk "antimony leach" test, to confirm the
The Company anticipates conducting and completing the majority of the above objectives during the first half of 2026.
This News Release has been prepared on behalf of the Bayhorse Silver Inc. Board of Directors, which accepts full responsibility for its content. Mark Abrams, AIPG, a Qualified Person and Director of the Company has prepared, supervised the preparation of, or approved the technical content of this news release.
On Behalf of the Board.
Graeme O'Neill, CEO
866-399-6539, 604-684-3394
About Bayhorse Silver Inc.
Bayhorse Silver Inc. is an exploration and production company with a
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/279692
FAQ
What H1 2026 work does Bayhorse Silver (BHSIF) plan at Bayhorse Mine?
How much silver is in Bayhorse Silver's current NI 43‑101 inferred resource (BHSIF)?
What permitting step must Bayhorse (BHSIF) complete before mining restart?
What drilling targets and sizes has Bayhorse (BHSIF) announced for 2026?
What metallurgical testing will Bayhorse (BHSIF) perform in H1 2026?
