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MarketScreener Homepage  >  Equities  >  OTC Markets  >  Bayhorse Silver Inc.    KXPLF   CA07278W1095

BAYHORSE SILVER INC.

(KXPLF)
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Bayhorse Silver Inc. - Significant Scandium Values (Up to 26 G/T Sc) Accompany High Grade Silver, Bayhorse Mine, Oregon, USA

03/15/2018 | 10:50am EDT

Vancouver, British Columbia--(Newsfile Corp. - March 15, 2018) - Bayhorse Silver Inc. (TSXV: BHS) ("Bayhorse" or the "Company") is pleased to report that Scandium values have been identified accompanying the high silver assays reported in its news release BHS2018-06, (March 6, 2018) from the Legend, Sunshine and Big Dog mineralized zones, Bayhorse Silver Mine, Oregon, USA.

The Scandium was identified during the assay resubmission that identified the gold values as reported in news release BHS2018-06. Preliminary metallurgical results indicate that Scandium can be recovered during the processing of the silver from the Bayhorse Silver Mine. Scandium (Sc) is a high value mineral used to produce high strength Aluminum alloys in the Aerospace Industry and is classed as a strategic mineral in the USA. The Company has submitted additional samples for metallurgical testing and recovery characteristics of the Scandium.

Scandium values are tabulated below:

Sample TypeSc g/t
BHS 1 Crosscut7
BHS 2 Raise Legend16
BHS 3 Legend 5
BHS 4 Legend6
BHS 5 Legend 12
BHS 6 Shaft Legend18
BHS 7 Legend10
BHS 10 Shaft top17

 

Sample TypeSc g/t
Shaft middle BHS 1120
BHS 12 Shaft21
Upper raise11
Big Dog20
Chip, Legend top15
Channel Legend east11
Chip, Legend west24
Chip, Legend bottom12
Chip, Legend top west21
Chip, Legend west22
BHS 21 Chip LZ24

 

Sample TypeSc g/t
BHS 22 blast select26
BHS 23 blast select25
BHS 24 blast select21
BHS 25 blast select19
BHS 26 blast select26
BHS 27 blast select24
BHS 28 blast select23
BHS 29 blast select25
BHS 30 blast select24
BHS 31 blast select26
BHS 32 blast select6

 

Sample TypeSc g/t
BHS 33 blast select LZ6
BHS 34 blast select LZ6
BHS 35 blast select LZ14
BHS 36 blast select16
BHS 37 blast select22
BHS 38 blast select14

 

(Channel, chip samples are selected samples and are not representative of the mineralization hosted on the property.)

Bayhorse CEO, Graeme O'Neill comments, " While the Scandium values reported would not be considered enough to make a Scandium mine, in the event they are economically recoverable, the Scandium is certainly a value added mineral to any silver recovery."

The Company has established a quality control assay program at the Bayhorse Silver Mine. Production samples are split with half  placed into a pulverizer, homogenized, dried, and submitted to XRF analysis with the other half retained for comparison. Check samples are sent for assay to a qualified lab. Mine samples reported are split, with one half retained for comparison. Assaying for the samples reported above was undertaken by Metsolve Labs of Langley, BC. The analytical method used for the silver analysis consisted of a 50 gram sample subjected to fire assay with gravimetric finish.

The Company advises it is not basing any decision to produce on a feasibility study of mineral reserves demonstrating economic and technical viability and also advises there is increased uncertainty and specific economic and technical risks of failure associated with any production decision.

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, or approved the technical content of this press release.

On Behalf of the Board.

Graeme O'Neill, President
604-684-3394

Bayhorse Silver Inc., a junior exploration company, has earned a 100% interest in the historic Bayhorse Silver Mine, Oregon, USA. Bayhorse  is also earning a 75% interest in the past producing Bridging the Gap Project, consisting of ASARCO's historic Crown Point, Silver King, Ranger, Wyoming, Curlew, and Blackhawk silver/lead/zinc mines in Idaho's Silver Valley.  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.


© Newsfilecorp 2018
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Financials
Sales 2019 - - -
Net income 2019 -1,90 M -1,52 M -1,52 M
Net Debt 2019 2,71 M 2,16 M 2,16 M
P/E ratio 2019 -5,10x
Yield 2019 -
Capitalization 36,5 M 29,1 M 29,2 M
EV / Sales 2018 -
EV / Sales 2019 -
Nbr of Employees -
Free-Float 85,2%
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Managers and Directors
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 Independent Director
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