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Bayhorse Silver Inc.
Summary
| Project: | Bayhorse | |
|---|---|---|
| Deposit: | Bayhorse | |
| Location: | United States | |
| Commodities: | Silver-Zinc-Copper | |
| Date: | 9/24/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 24-9-2018: Bayhorse Silver Inc. announces a Resource Estimation report for its Bayhorse deposit at the Bayhorse project. Initial mineral resource estimate for Bayhorse. Vancouver, British Columbia--(Newsfile Corp. - September 24, 2018) - Bayhorse Silver I | |
| Resources: | (Resource, Inf.): 292300st @ 742.4ppm Ag | |
| CP/QP: | [Resources]: Stewart Jackson (APEX Geoscience Ltd.) | |
| ABSTRACT: | Vancouver, British Columbia--(Newsfile Corp. - September 24, 2018) - Bayhorse Silver Inc. (TSXV: BHS) (The "Company" or "Bayhorse") is pleased to announce the release of a Maiden Inferred Mineral Resource for the 100% controlled Bayhorse Silver Mine, Oregon, USA. The maiden resource is comprised of 292,300 short tons at an average grade of 21.65 troy ounces per ton (opt) silver (Ag) for total contained silver of 6,328,400 ounces. The mineralized material contains significant amounts of copper (Cu) and zinc (Zn), however the historic data utilized in the mineral resource estimate did not allow for a reliable calculation of the grade of Cu and Zn Bayhorse CEO Graeme O'Neill states "we are extremely pleased that the resource indicated by the Resource Modelling is in line with the estimated tonnage and grades that were believed to be hosted at the Bayhorse Silver Mine. It has been a long struggle to achieve this result in the face of extreme weakness in the precious metals markets and the resulting lack of available capital, but our mining and technical teams have done a tremendous job. Not only have we built a mine, but we have also developed our maiden resource while doing so." APEX Geoscience Ltd. (APEX) of Edmonton, Alberta has provided the Inferred Mineral Resource Estimate in Table 1 below that is primarily based upon historic underground channel sampling and drilling, supported and confirmed by recent underground sampling by APEX and Bayhorse personnel. A total of 364 channel or drillhole samples have been used in the estimate. Silver grades for composites have been capped at 135 opt, which resulted in the capping of seven composites. The resource was calculated using inverse distance squared (ID2) and all blocks intersecting the known and modelled underground workings were | |
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