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Bayhorse Silver identifies new mineralized zone in Oregon

Market News, Mining
TSXV:BHS
10 June 2024 12:38 (EDT)

Bayhores Silver (TSXV:BHS) has revealed recent drilling results from its Bayhorse Silver Mine in Oregon.

In a news release, the company said it identified a new mineralized zone that is between one metre and 4.5 metres in width and trends west-southwest from the high-grade Big Dog zone.

“We have long suspected that the Big Dog high-grade zone extends to the south and west, however, until the safety decline was installed, there was no way to drill test it safely,” Graeme O’Neill, CEO of Bayhorse Silver, said in a statement. “While this newly discovered zone appears to trend WSW of the main workings, this can only be confirmed with further underground drilling.”

According to the company, a recently completed VTEM survey also shows an anomaly that possibly represents an intrusive mass related to the Bayhorse rhyolite and the silver mineralization.

Significant assays from the Big Dog zone include:

DDH BDD104

DDH BDD105

DDH BDD103

Bayhorse Silver has also granted 4.6 million incentive stock options to officers, directors, consultants and employees.

With headquarters out of Vancouver, Bayhorse Silver is an exploration and production company with a 100 per cent interest in the historic Bayhorse Silver Mine in Oregon.

Shares of Bayhorse Silver Inc. (TSXV:BHS) are down 6.67 per cent to C$0.07 as of 9:30 am ET.

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