Bayhorse Silver Mine Work Program and Assay Results
31 Março 2014 - 9:30AM
Marketwired
Bayhorse Silver Mine Work Program and Assay Results
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 31, 2014) -
Bayhorse Silver Inc. ("Bayhorse" or the "Company")
(TSX-VENTURE:BHS) reports that it has entered into an Agreement
with American Mining and Tunneling ("AMT") to conduct prepatory
work on the Bayhorse Silver mine property recently acquired by the
Company in eastern Oregon.
AMT has completed a survey by its safety team and is in the
process of mobilizing to the project where, among other things, it
will rehabilitate the adit to ensure the adit is safe for access,
and conduct such other work to enable the Company's geologists to
sample the underground workings in a safe manner in order for the
Company to confirm the historical reported grades and to conduct
other geological sampling and mapping.
The Company has received preliminary results from Met-Solve
Laboratories on the recent bulk sample that was taken from the low
grade stockpile that remains on the property from the 1984 mining
program as well as from additional sampling. Approximately 250 kg
of material was taken from ten (10) evenly spaced pits on the low
grade stockpile, of which 170 kg was combined into one sample for
assaying. The head grade of the combined sample was 184 grams/tonne
(5.92 oz/tonne) which is consistent with the historic reports that
6% of the ore mined grades less than 6 ounces/ton (205.7 g/mt)
Four channel samples totaling 40.6 kg taken from an outcropping
mineralized zone were also submitted to Met-Solve Labs for assay
and metallurgical testing.Sample GV301 graded 5,601 g/t Ag, (180
oz/t or 5.6 kg/ton), GV302-1 graded 17,757 g/t Ag, (571 oz/t or
17.57 kg/t), GV302-2 graded 14,876 g/t (478/oz/t or 14.88 kg/t),
and GV304 graded 1,421 g/t Ag (45.7 oz/t or 1.4 kg/t)
These samples and grades are tabulated below. The 170 kg
composite plus an additional composite containing the 40.6 kg
composite (averaging 5,330 g/t) as reported above, and an
additional composite of 10.76 kg of mineralized material (averaging
3,370 g/t Ag), for a total of 51.16 kg are to be tested for silver
recovery by flotation methods. These will be reported once received
from the lab.
|
|
Ag |
Ag |
Ag |
Sample number |
Sample Type |
g/t |
oz/tonne |
kg/t |
GV301 |
15 ft channel sample of ore from an andesite alteration horizon
around the main vein |
5,601 |
180 |
5.6 |
GV302-1 |
Select channel sample of a mineralized zone 4 ft long x 1 ft
wide |
17,757 |
571 |
17.57 |
GV302-2 |
Select channel sample of a mineralized zone 3.5 ft long x 1 ft
wide |
14,876 |
478 |
14.88 |
GV304 |
Sample of a mineralized andesite zone 15 ft long x 3 ft wide below
the main vein |
1,421 |
45.7 |
1.4 |
("The Company is classifying these samples as selective by
nature and are unlikely to represent average grades of the vein or
any deposit")
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
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 silverbearing ore 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 - 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 a 30% net profit interest in its prior
owned Flagstaff, Washington, barite mine, and a 15% net profit
interest in its prior owned Ivanhoe Creek, Nevada, bentonite
property. 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.
Bayhorse Silver Inc.Graeme O'NeillPresident and Chief Executive
Officer(604) 684-3394www.bayhorsesilver.com
Bayhorse Silver (TSXV:BHS)
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