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

BAYHORSE SILVER INC.

(BHS)
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Bayhorse Silver : Selects GeoTech To Conduct a Helicopter-Borne VTEM Survey of its Brandywine Precious Metals Rich VMS Property

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04/24/2019 | 11:08am EDT

April 24, 2019 BHS2019-12

BAYHORSE SELECTS GEOTECH LTD TO CONDUCT A HELICOPTER-BORNE VTEM
SURVEY OF ITS BRANDYWINE, PRECIOUS METALS RICH, VMS PROPERTY.

Bayhorse Silver Inc. BHS: TSX-V (the 'Company' or 'Bayhorse') announces that it has entered into an agreement with GeoTech Ltd, (GeoTech) to conduct a helicopter-borne VTEM survey on the Company's newly acquired Brandywine, precious metals rich, volcanogenic massive sulphide project, British Columbia, Canada.

Subject to closing a first tranche of the recently announced flow-through financing, GeoTech will conduct the airborne VTEM survey in mid May over a nine square kilometer area covering the past historic gold and silver and base metal mining area on the property.

The readily accessible, 1,432 hectare, brownfield Brandywine project has undergone several exploration phases including bulk tonnage shipments to smelters, extensive drilling, and extensive geochemical and geophysical studies. (2018 Brandywine Minfile Report)

The VTEM survey results will combine with a historical magnetic survey and extensive 1979 gold and silver geochemical sampling conducted by Placer Dome in 1979, to better identify geologic structures and discrete conductive anomalies.

Apex Geoscience will review the VTEM data with GeoTech, and the Company's senior geological consultants, Dr. Clay Conway, P.Geol, Dr. Stewart Jackson, P.Geo, and Dr. Gerry Ray, P.Geo to define drill targets identified by the VTEM survey.

The Brandywine deposit conceptually falls within a class of high gold-silver volcanogenic massive sulphide deposits that include the Eskay Creek deposit of northern British Columbia; the Green's Creek deposit on Admiralty Island near Juneau, Alaska; the Bawdwin deposit in Myanmar; and the Rosebery deposit of Tasmania. This family of deposits is particularly silver and lead rich with important gold, zinc, copper and other metal values.

Bayhorse CEO Graeme O'Neill, comments. 'Utilizing the VTEM, with its exceptional ability to identify deep hidden structures, layered along with the already substantial historic exploration data, should provide us a much clearer picture of what targets to prioritize for our first drill program.

The most definitive indications of the nature of the mineralization on the
property are two reported smelter shipments as follows:

  1. A 50 ton bulk sample in 1967 grading 83.1 g/t gold,
    354 g/t silver, 9.9% lead, 7.4% zinc, 0.30% copper per ton to East Helena,
    Montana, smelter from the Silver Tunnel and Main Zone (Melling, 1994,
    Walus2011)
  2. A 500 ton sample grading 14.2% lead, 12.5%zinc, 339
    g/t silver, and 2.57 g/t gold per ton to the Cominco Smelter in Trail in 1977
    (Walus, 2011, Melling, 1994).

The Company advises that the information is of a historic nature and has not been verified by a qualified person.

This News Release has been prepared on behalf of the Bayhorse Silver Inc. Board of Directors, which accepts full responsibility for its contents. Dr. Stewart Jackson, P.Geo., a Qualified Person and Consultant to the Company has prepared, supervised the preparation of, and approved the technical content of this press release.

On
Behalf of the Board.

Graeme
O'Neill, CEO

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 BC, Canada. The Company has an experienced management and technical
team with extensive exploration and mining expertise.

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.

Disclaimer

Bayhorse Silver Inc. published this content on 24 April 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 24 April 2019 15:07:08 UTC

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Financials (CAD)
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Net income 2017 -
Debt 2017 -
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P/E ratio 2018 -
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Capitalization 10,6 M
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Average target price 0,51  $
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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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