- Bayhorse Silver (BHS) reported additional high grade gold assays from the recently acquired Crane Creek Gold Project in Idaho
- Results from three samples ranged from 33.87 g/t (1.089 oz/t) gold and 136.85 (4.4 oz/t) silver to 1.36 g/t (0.044) oz/t gold and 124 g/t (4.0 oz/t) silver
- A larger sampling is up to 1,000 kg is underway at the sites of the highest-grade chip samples from the claims
- Bayhorse Silver was up 12.50 per cent, trading at $0.045 a share as of 12:15 pm
Bayhorse Silver (BHS) reported additional high grade gold assays from the recently acquired Crane Creek Gold Project in Idaho.
Highlights from three samples:
- 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
- 1.36 g/t (0.044) oz/t gold and 124 g/t (4.0 oz/t) silver
A further three soil samples returned less than 0.01 oz/t gold.
A larger sampling is up to 1,000 kg is underway at the sites of the highest-grade chip samples from the claims. The company plans to process this bulk sample for gold and silver content at the company’s Bayhorse Mill in Payette, Idaho.
Bayhorse CEO Graeme O’Neill commented that over the past four months the company has had a significant, and apparently continuing, decline in both silver (30 per cent) and gold (17 per cent) prices.
“In order to ensure we can balance out the large fluctuations in the silver prices, we are adding a gold component to our mining and milling operations in the U.S. Adding the Crane Creek Gold claims that are in close proximity to the Payette, Idaho Mill, has the potential to increase the Mill output value for what we believe are minimal extra input costs. Crane Creek can initially be surface mined at what we believe to be a relatively moderate cost.”
Bayhorse Silver Inc. (BHS) is a mineral exploration company that manages and develops gold and silver, base metals, and coal mineralization. The company’s operations and assets are located in Canada and the USA, such as the Bayhorse Silver Mine Property and Brandywine.
Bayhorse Silver was up 12.50 per cent, trading at $0.045 a share as of 12:15 pm.