Bayhorse Silver Inc. announced that it has received final Resistivity and Magnetic results of the recently completed Geotech Ltd. helicopter-borne VTEM and Horizontal Magnetic Gradiometer Geophysical Survey over its Bayhorse Silver Mine Property in Oregon and Idaho, USA. There are possibly two different mineralized targets on the newly acquired Idaho claims. A possibly Hercules Silver-type copper porphyry target marked by the strong minimal Resistivity results, and a Bayhorse Mine style silver rich massive sulphide target related to the strong magnetic signatures. The Idaho minimal Resistivity target in the SE corner of the survey is probably part of a circular anomaly that extends beyond the survey area.

If the circularity is confirmed, it would have a diameter between 2,500 to 3,000 feet. (0.76 - 1.2 kilometers) and starting from 330 ft (100 meters) below surface, appears to extend to an indicated depth of 1,700 ft (525 meters) below surface. As low resistivity/highly conductive zones can outline metal deposits, and with the Bayhorse Property in Idaho having known surface copper staining over a wide area, it could indicate the presence of porphyry copper zone.

A preliminary, confirmatory, drill program is being planned for this minimal Resistivity target. In the northern section of the Idaho property, three significant magnetic anomalies, within an area 1.8 km by 1.2 km (1.13 miles by 0.75 miles) in size underlies the acquired ground. Dr. Clay Conway, P.Geol., has mapped rhyolite-hosted mineralization east of the Snake River in the area underlain by the magnetic anomalies; this raises the possibility that another Bayhorse Silver deposit may be found.

During the recent staking of the Idaho property, surface sampling was conducted at the historic pits and dumps, and more copper-stained surface exposures were identified. This work will form part of a further comprehensive mapping program. The Hercules Silver property lies 44 km northeast of the Bayhorse Mine; both areas have similar geological settings with copper/silver mineralization, including significant copper, antimony, and zinc credits.

On the recently acquired Idaho mineral claims and the Bayhorse Silver Mine property, the two areas of minimal Resistivity, an elongated pluton in Oregon, approximately 1.3 km (0.8 miles) in length, and what is deemed to be a circular pluton in Idaho, are approximate 1.6 km (1 mile) apart and separated by the Snake River, the Idaho/Oregon State Boundary. The Company's senior geological consultants believe it is also possible that the silver-rich Bayhorse Mine epithermal mineralization may be underlain by a gold-rich zone, as suggested by Buchanan's (1981) model.