Extension Of Breccia Zone At Bayhorse Silver Mine

VANCOUVER - Bayhorse Silver Inc. reported on the first 115 m (380 ft) of the silicified breccia zone encountered 90 m (300 ft) downhole in drill hole BH24-01 to test a VTEM anomaly at the Bayhorse Silver Mine. Anomalous values of continuous copper, (up to 125 ppm) and zinc (up to 695 ppm) and intermittent anomalous gold values (up to 0.023 ppm) were encountered in the first 115 m (380 ft) of the brecciation zone that now extends to the current bottom of the hole at 318 m (1050 ft). A further 112 m of samples of brecciation and rhyolite have been submitted for assay. The presence of chalcopyrite was noted at the bottom of the hole.

CEO, Graeme O'Neill, said, “We are very encouraged by the continuous copper/zinc mineralization in the upper 115 m (380 ft) part of the 227 m (750 ft) length breccia intersection that lies in close proximity to the IP chargeability and low-resistance zones that may indicate the presence of massive sulfides/copper porphyry."

Drilling BH24-01 has confirmed that the Bayhorse Ag-Cu-Zn-Sb mineralization is epithermal in nature and is expected to extend to significant depths. In Hole BH24-01 there are areas of strong silica flooding, epithermal-style vuggy quartz veining, sporadic tetrahedrite mineralization and hydrothermal brecciation. This extends from 90m (300 ft) to the current bottom of the hole at 318 m (1050 ft). This alteration could mark the hole's proximity to a porphyry or related epithermal system.

“With the gold price rising to US$2900 per ounce, (goldprice.org) the future price of silver is also expected to increase. The silver/copper concentrate that the Company has already produced also contains +/- 12% antimony, which is a critical mineral,” said O'Neill.