Bayhorse Silver Announces Bonanza Grade Silver Assays
14 Janeiro 2014 - 2:36PM
Marketwired
Bayhorse Silver Announces Bonanza Grade Silver Assays
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 14, 2014) -
Bayhorse Silver Inc. ("Bayhorse" or the "Company")
(TSX-VENTURE:BHS), reports on assay results received from the
Company's recently acquired Bayhorse Mine Silver property in
eastern Oregon.
Of the 21 selected hand samples taken, 11 assayed >100 g/t
silver with some containing bonanza grades of more than 10,000 g/t
silver. The highest silver grades are in samples GRBH-20, 150.4
kg/tonne (150,370 g/tonne or 4,385 oz/tonne) and GRBH-19, 88.2
kg/tonne (88,206 g/tonne or 2,836 oz/tonne). In addition samples
GRBH-13 graded 1.19 kg/tonne (1,190 g/tonne or 38.26 oz/tonne),
GRBH-09, 1.02 kg/tonne (1,020 g/tonne or 32.79 oz/tonne), GRBH-02,
0.9 kg/tonne (902 g/tonne or 29.0 oz/tonne) and GRBH-03, 0.88
kg/tonne (888 g/tonne or 28.55 oz/tonne). Assays for the entire 21
samples are tabulated below. Samples were taken by independent
geologist Dr. G. E. Ray, P.Geol., during a property visit
undertaken in preparation for an NI-43-101 Technical Report that is
currently underway.
The two highest grade samples (GRBH-20 and GRBH-19) were taken 4
meters apart from a 4-cm thick massive sulfosalt-sphalerite vein
that occupies a faulted rhyolite-andesite contact. This vein
outcrops above the Upper Adit entrance that accesses the historic
underground workings. The two samples weighed approximately 1.5 kg
each. The samples were submitted under chain of custody to the
certified ALS Chemex laboratory in Elko Nevada for analysis.
|
|
Ag |
Cu |
Pb |
Zn |
Ag |
Ag |
Sample |
Sample Type |
g/t |
% |
% |
% |
oz/tonne |
kg/t |
GRBH-01 |
Low grade stockpile rhyolite |
118 |
|
|
2.65 |
3.79 |
|
GRBH-02 |
Low grade stockpile rhyolite |
902 |
1.17 |
|
2.39 |
29.00 |
0.9 |
GRBH-03 |
Low grade stockpile rhyolite |
888 |
3.06 |
|
2.40 |
28.55 |
0.9 |
GRBH-04 |
Low grade stockpile rhyolite |
176 |
|
|
1.10 |
5.66 |
|
GRBH-05 |
Low grade stockpile rhyolite |
197 |
|
|
|
6.33 |
|
GRBH-06 |
Quartz vein upper adit |
1.73 |
|
|
|
0.05 |
|
GRBH-07 |
Low grade stockpile rhyolite |
641 |
5.12 |
|
3.70 |
20.61 |
|
GRBH-08 |
Low grade stockpile rhyolite |
84.6 |
|
|
0.99 |
2.72 |
|
GRBH-09 |
Andesite outcrop 70ft north of Upper Adit |
1,020 |
2.95 |
|
1.13 |
32.79 |
1.02 |
GRBH-10 |
Composite quartz vein samples |
5.79 |
|
|
|
0.186 |
|
GRBH-11 |
Outcrop rhyolite |
9.96 |
|
|
|
0.32 |
|
GRBH-12 |
Outcrop rhyolite |
10.4 |
|
|
|
0.33 |
|
GRBH-13 |
Outcrop rhyolite 160ft south of Upper Adit |
1,190 |
3.69 |
|
|
38.26 |
1.19 |
GRBH-14 |
Quartz vein float 1600ft west of Upper Adit |
1.59 |
|
|
|
0.03 |
|
GRBH-15 |
Composite quartz vein float 1600ft west of Upper Adit |
9.23 |
|
|
|
0.29 |
|
GRBH-16 |
Composite quartz vein float |
4.06 |
|
|
|
0.13 |
|
GRBH-17 |
Faulted outcrop 750ft west of adit |
0.66 |
|
|
|
- |
|
GRBH-18 |
Outcrop 400ft west of Upper Adit |
5.14 |
|
1.19 |
|
0.16 |
|
GRBH-19 |
4 cm vein outcrop at Upper Adit* |
88,206 |
11.90 |
1.25 |
8.97 |
2,836 |
88.2 |
GRBH-20 |
4 cm vein outcrop at Upper Adit * |
150,370 |
17.85 |
1.21 |
8.67 |
4,835 |
150.4 |
GRBH-21 |
Composite rhyolite float Upper Adit |
710 |
|
|
2.5 |
22.83 |
|
("grab samples are selective by nature and are unlikely to
represent average grades of the deposits")
The assay results confirm historic reports that bonanza grade
silver exists on the Bayhorse Property.
Some samples were submitted to petrologist Dr. Craig Leitch,
P.Eng., for thin and polished section studies. He reports that the
4-cm thick vein discovered at surface with bonanza silver grades
contains sphalerite, with three distinct sulfosalt minerals
(tennantite and two unidentified phases, possibly Ag-sulfosalts) as
well as possible acanthite. In addition there was minor galena and
chalcopyrite.
Based upon the significant results reported above, along with
the following historic information, the Company has decided to
initiate metallurgical assessment of an approximately 250 kg bulk
sample of mineralized material from an onsite, apparent low-grade
ore dump, to be submitted to Met-Solve laboratories in Abbotsford,
BC. By doing so, the Company hopes to confirm the reported historic
flotation recoveries in excess of 80% silver and to determine the
best method to achieve a saleable concentrate in the event that the
historic information reported below can be substantiated.
Historic Information:
The Company advises that the following information is of a
historic nature. Historic production estimates, drill information
and grades reported have not been verified; A qualified person has
not done sufficient work to verify the historical estimates nor
classify the historical estimates as current mineral resources or
mineral reserves and the Company is not treating the historical
estimates as current mineral resources or mineral reserves.
(ounces/grams conversion is one ounce/short ton = 34.2857
grams/metric ton)
As "stated in the minerals production yearbook" (Jacobsen,
1959), total reported historic production from the Bayhorse Mine
through 1959 was 286,000 ounces of silver from 8,300 tons of ore
for an average of approximately 34.5 opt Ag (1,183 g/t Ag) while
Herdrick (1981) estimated remaining shipping ore at a 7.5 opt Ag
cutoff to be 166,208 tons, and on-site mill ore at a 3 opt Ag
cutoff to be 473,350 tons.
According to other more recent reports in 1984, 90 underground
drill holes totaling 15,000 feet reportedly delineated 26,000 tons
of silver bearing mineralization of which 5,718 tons were reported
being produced at an average grade of 16.7 opt Ag (572.5 g/t Ag)
while approximately 20,000 tons at an average of 15 opt Ag
reportedly remained unmined. The historic records also indicate
that of the 5,718 tons produced, 23% reportedly graded between 21 -
100 opt Ag, 71% reportedly graded between 6 opt - 20 opt Ag and 6%
reportedly graded less than 6 opt Ag. Ancillary copper produced
reportedly averaged 1% Cu. The highest reported grade from the 1984
drilling, sampling and mining program was from a mined round,
containing a tetrahedrite-tennantite -rich vein, that assayed 691
opt Ag (23,691 g/t) and 15.72% Cu.
Bayhorse Silver Inc. is a junior exploration company with a 100%
interest in its three major high grade New Zealand gold prospects
(Alexander River, Paparoa and Lyell), in the highly prolific West
Coast South Island gold fields of New Zealand, where it offers
investors the potential for a major gold discovery and is earning
an 80% interest in its newly acquired historic Bayhorse Silver Mine
that has the potential for a substantial silver discovery. The
Company has an experienced management and technical team with
extensive exploration expertise. This News Release has been
prepared on behalf of the Bayhorse Silver Inc. Board of Directors,
which accepts full responsibility for its contents. The contents of
this news release has been reviewed and approved by Dr. Clay
Conway, P.Geol., and qualified person as recognized by National
Instrument NI-43-101 and a director of the Company.
ON BEHALF OF THE BOARD
Graeme O'Neill, President
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Caution Regarding Forward-Looking Statements - This news
release contains certain forward-looking statements, including
statements regarding the business and anticipated financial
performance of the Company. These statements are subject to a
number of risks and uncertainties. Actual results may differ
materially from results contemplated by the forward-looking
statements. When relying on forward-looking statements to make
decisions, investors and others should carefully consider the
foregoing factors and other uncertainties and should not place
undue reliance on such forward-looking statements. The Company does
not undertake to update any forward looking statements, oral or
written, made by itself or on its behalf except as required by
law.
Bayhorse Silver Inc..Graeme O'NeillPresident604-684-3394 or Toll
free: 1-866-399-65391-888-684-0586www.bayhorsesilver.com/
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