Survey Area Shows Anomaly That May Represent Intrusive Mass

VANCOUVER - Bayhorse Silver Inc, has received approval for its up to 10,000 ft (3048 m) diamond drill program on the recently completed VTEM survey area that shows a large low resistivity anomaly that may represent an intrusive mass at its Pegasus Project in Idaho, one mile east of its Bayhorse Silver Mine, Oregon.

The planned initial deep drilling program of 5 drill holes of up to 1800 feet (548.6 meters) deep is based upon the low resistivity targets identified in the survey that starts at 330 ft (100.6 meters) below surface and extends to 1800 ft (550 meters) in depth. The low resistivity anomaly extends over a mile (1.6 km) from the NNW to the SSE and is believed to extend past the VTEM survey area to the south of the 4 sq/mile (1036 ha) Pegasus claim group.

CEO, Graeme O'Neill, comments "early drill permitting is necessary to avoid delays during the favorable summer drilling season, and our technical team has done wonders in getting the permitting completed so quickly.”w