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MarketScreener Homepage  >  Equities  >  TSX VENTURE EXCHANGE  >  Bayhorse Silver Inc.    BHS   CA07278W1095

BAYHORSE SILVER INC.

(BHS)
  Report  
Delayed Quote. Delayed TSX VENTURE EXCHANGE - 11/13 12:02:58 pm
0.09 CAD   +5.88%
10:20aBayhorse Producing Initial Silver Concentrates
NE
10/23BAYHORSE SILVER : Gold Metallic Screen Assays from Brandywine
AQ
10/03Bayhorse Submits 111 Bradywine Core Samples for Assay
NE
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Bayhorse Silver : Reports Gold Occurences in Historic Brandywine Core Expands Claims to Cover Hitorical Gold, Silver, And Copper Values in Rock and Soil Samples Announces PRivate Placement

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09/18/2019 | 11:03am EST

Bayhorse Silver Inc. BHS: TSX-V (the 'Company' or 'Bayhorse') has confirmed the presence of visible gold in historic Brandywine core, from 2010 Auramex Resources drilling, that has been securely stored.

Two 1.5 meter sections of the historic core, including unsampled sections, show multiple occurrences of visible gold (VG) are present. The entire core is being relogged and photographed prior to splitting, and submission for re-assay. Re-assayed core will be subject to metallic screen assay to resolve potential gold nugget effects.

Auramex drilled three holes in 2010 to follow up La Rock's drill holes at the 400 ft by 300 ft by 250 ft Dave's Pond (DP) mineralized zone.

Upon permitting and additional financing, the Company intends to conduct a larger VTEM airborne survey over the Brandywine project, and drill a minimum 4 scissor holes across the DP zone to fully understand the orientation and depth of the gold bearing zone.

Based on a comprehensive review of historic reports, the Company has dramatically expanded the Brandywine precious metals rich VMS project near Squamish BC, to 1,500 hectares from 400 hectares. The project now includes areas west of the original claim group where a historic rock samples included 9.15 g/t gold, 22 ppm silver, and 2% copper located 600 meters west of the original claims, and 0.12 ppm gold, 6.5 ppm silver and 0.4% copper located 1.4 km west.

The readily accessible, 1,500 hectare, brownfield Brandywine project has undergone several mining and exploration phases including bulk tonnage shipments to smelters, extensive drilling, and extensive geochemical and geophysical studies, (2018 Brandywine Minfile Report) Mineralization extends over an area more than 3.6 km east to west and 2.4 km north to south

The Company advises that a qualified person has not done sufficient work to verify the historical sampling results. Chip & grab samples are selected samples and may not be representative of the mineralization hosted on the property.

Bayhorse CEO Graeme O'Neill comments 'with confirmation of VG at the Brandywine, we have added a very promising gold prospect to complement the Company's high grade Bayhorse Silver Mine. Commissioning of the newly installed and reconfigured milling/regrinding/gravity circuit at Bayhorse is expected to be complete, with production of a high quality concentrate projected to commence, by the end of September.'

The Company announces a non-brokered private placement consisting of 4,000, 000 flow-through units at $0.15 cents per unit, and 4 million non flow-through units and $0.125 cents per unit.

Each Flow -Through Unit consists of one common share and one transferable common share purchase warrant exercisable into one common share of the Company at an exercise price of $0. 25 cents for a period of twenty-four months from the date of issuance

Each non Flow-Through Unit consists of one common share and one transferable common share purchase warrant exercisable into one common share of the Company at an exercise price of $0.25 cents for a period of twenty-four months from the date of issuance

Proceeds of the flow-through units will fund an expanded work program at the Brandywine gold/silver VMS project near Squamish BC

Proceeds of the non flow- through units are for the Bayhorse Silver Mine and general corporate purposes

Contact:

Tel: 604-684-3394

Bayhorse Silver Inc., a junior exploration company, has earned 100% interest in the historic Bayhorse Silver Mine Oregon, USA. and has optioned the Brandywine, precious metals rich, volcanogenic massive sulphide property located in B.C., Canada. The Company has an experienced management and technical team with extensive exploration and mining expertise.

(C) 2019 Electronic News Publishing, source ENP Newswire

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Latest news on BAYHORSE SILVER INC.
10:20aBayhorse Producing Initial Silver Concentrates
NE
10/23BAYHORSE SILVER : Gold Metallic Screen Assays from Brandywine
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10/03Bayhorse Submits 111 Bradywine Core Samples for Assay
NE
10/01BAYHORSE SILVER : Commissioning Silver Milling and Concentrate Cicuit at the Sil..
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09/30Bayhorse Commissioning Silver Milling and Concentrate Circuit at the Bayhorse..
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09/18BAYHORSE SILVER : Reports On Extensive Historic Silver Sampling at Brandywine an..
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09/18BAYHORSE SILVER : Reports Gold Occurences in Historic Brandywine Core Expands Cl..
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09/17Bayhorse Reports Gold Occurrences in Historic Brandywine Core; Expands Claims..
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08/27Bayhorse Reports on Extensive Historic Silver Sampling at Brandywine & Closes..
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08/23BAYHORSE SILVER : Geological Team Assessing the Brandywine VMS-Precious Metals P..
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More news
Financials (CAD)
Sales 2017 -
EBIT 2017 -
Net income 2017 -
Debt 2017 -
Yield 2017 -
P/E ratio 2017 -
P/E ratio 2018 -
Capi. / Sales2017 -
Capi. / Sales2018 -
Capitalization 8,82 M
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Bayhorse Silver Inc. Technical Analysis Chart | MarketScreener
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Income Statement Evolution
Consensus
 
Mean consensus -
Number of Analysts 1
Average target price 0,51  $
Last Close Price 0,07  $
Spread / Highest target 647%
Spread / Average Target 647%
Spread / Lowest Target 647%
EPS Revisions
Managers
NameTitle
Graeme James O'Neill Chief Executive Officer & Director
Rick Low President & Chief Financial Officer
John A. Cerenzia Independent Director
Corey Dean Klassen Independent Director
James Walker Director
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