Bayhorse Silver Reports Additional Significant Silver Grades
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 4, 2014) -
Bayhorse Silver Inc. ("Bayhorse" or the "Company")
(TSX-VENTURE:BHS), reports additional bonanza grade assay results
received from the Company's recently acquired Bayhorse Mine silver
property in eastern Oregon.
As a consequence of the discovery of bonanza silver grades from
a sulfosalt-sphalerite vein (the "Vein") as reported in the
Company's news release BHS2014-01 by independent geologist Dr. G.
E. Ray, P.Geol., the Company has conducted a follow-up sampling
program on the Bayhorse Mine silver property along an approximately
150 m long zone. Of these samples, seven were submitted to AGAT
Laboratories for silver and base metal assays, while the remainder,
an additional 60 kg of samples, were sent to Met-Solve Laboratories
both for assay and for metallurgical and beneficiation testing.
Results of this testing are still pending.
The highest silver grades reported below are samples BHS-01T,
122.13 kg/tonne (122,127 g/tonne or 3,926 oz/tonne), BHS-2T, 86.64
kg/tonne (86,639 g/tonne or 2,786 oz/tonne) and BHS-07T, 37.18
kg/tonne (37,177 g/tonne or 1,195oz/tonne). In addition, sample
BHS-03T graded 10.03 kg/tonne (10,025 g/tonne or 322 oz/tonne),
BHS-004T graded 7.86 kg/tonne (7,859 g/tonne or 253 oz/tonne), and
BHS05T graded 1.44 kg/tonne (1,441 g/tonne or 46 oz/tonne)
Significant grades of Copper, Zinc and Antimony were also
reported in the samples with BHS-07T grading 21.5% Cu, 8.41% Zn and
2.98% Sb, BHS-01T grading 15.9% Cu, 8.4% Zn and 1.18% Sb, BHS02-T
grading 17.0 % Cu, 6.67% Zn and 2.21% Sb. The samples were taken
along a 4-20-cm thick mineralized zone that occupies a faulted
rhyolite-andesite contact. This veined fault zone crops out between
the 'new' 1984 adit and other collapsed adits and upper workings of
the historic mine.
Results from the seven samples assayed (BHS-01T - BHS-07T) that
were submitted to AGAT labs and reported here are not intended to
provide grade for the overall mineralized zone, but were submitted
to confirm the extraordinary silver and base metal values earlier
reported from this zone, and are tabulated below.
|
|
Ag |
Cu |
Sb |
Zn |
Ag |
Ag |
Sample |
Sample Type |
g/t |
% |
% |
% |
oz/tonne |
kg/t |
BHS-01T |
Select duplicate Vein sample 5m north of main adit |
122,127 |
15.9 |
1.18 |
8.39 |
3,926 |
122.13 |
BHS -02T |
select duplicate Vein sample 10m north of main adit |
86,639 |
17.0 |
2.21 |
6.67 |
2,786 |
86.64 |
BHS -03T |
Select sample 30m north of main adit |
10,025 |
14.3 |
3.60 |
17.7 |
322 |
10.03 |
BHS -04T |
Select sample at collapsed adit north of main adit |
7,859 |
4.48 |
0.39 |
8.96 |
252.7 |
7.86 |
BHS -05T |
Bleached altered andesite beneath vein |
1,441 |
1.36 |
0.23 |
4.06 |
46.3 |
1.44 |
BHS -06T |
Alteration zone 15m inside main adit |
41.3 |
- |
- |
0.41 |
1.3 |
|
BHS -07T |
Select 30 cm channel sample across vein |
37,177 |
21.5 |
2.98 |
8.41 |
1,195 |
31.18 |
("The Company is classifying these samples as selective by
nature and are unlikely to represent average grades of the vein or
any deposit")
Of the 60 kg of samples sent to Met-Solve Laboratories, 9 kg was
randomly sampled mineralized andesite, 10 kg consisted of two
duplicate high grade channel samples from the Vein, nine 3 kg grab
samples were taken from six mineralized occurrences with the 150 m
long zone, and one 25 kg bulk channel sample was taken from a 2 m
wide by 3 meter long area along the mineralized zone. The Company
believes that except for grade, which is known to vary
substantially, all the samples obtained are fairly representative
of the type of mineralization at Bayhorse.
The highest silver grades reported in the Company's news release
BHS2014-01 were 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
Geological mapping and data analysis of the historic information
is ongoing.
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.
ABOUT BAYHORSE SILVER INC.
Bayhorse Silver Inc. is a junior exploration company which is
earning an 80% interest in its newly acquired historic Bayhorse
Silver Mine that has the potential for a substantial silver
discovery, and has 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. 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.
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.
Graeme O'NeillPresident and Chief Executive OfficerBayhorse
Silver Inc.(604) 684-3394
Bayhorse Silver (TSXV:BHS)
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