Bayhorse Silver Inc. announces that on August 17, 2023, it has engaged HDR Engineering of Boise, Idaho, to conduct a ground water baseline study at its Bayhorse Silver Mine, Oregon, USA. Subject to completion of the ground water baseline study, the Company expects to submit its final Operation Permit Application ("Application") to Oregon's Department of Mining and Geological Industries ("DOGAMI") for approval to recommence full mining operations at the Bayhorse Silver Mine. The Company is required to submit a number of baseline studies to DOGAMI in support of its Application.

These baseline studies include vegetation, soil/overburden, climate/air quality/precipitation (including modeling 100-year, 24-hour precipitation event), fish/aquatic biology, wildlife (terrestrial/avian), surface water, groundwater, area seismicity, geology and geographic hazards, mineralogy and chemistry and noise. Only the noise and groundwater baseline studies remain to be completed. The groundwater testing requires the installation of three test wells on the Bayhorse property.

Graeme also comments that since the supply disruptions during the Covid period, attention has been drawn to the many critical minerals that have minimal production in the United States. At the Bayhorse Flotation Mill in Payette, Idaho. Each ton of flotation concentrate produced at its flotation mill contains, along with the silver content, an average 10% antimony, a US critical mineral, and.10% copper.

Very little antimony is mined in the U.S., and the recent 99.6% ingot antimony price has been reported as high as USD 11.70/Kg.