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Vancouver, British Columbia--(Newsfile Corp. - December 10, 2024) - Bayhorse Silver Inc, (TSXV: BHS) (OTCQB: BHSIF) (FSE: 7KXN) (the "Company" or "Bayhorse") announces that underground diamond drilling is underway beneath the Company's silver/copper/antimony rich Bayhorse Silver Mine in Oregon, USA.
Diamond drilling is targeting the large low-resistivity anomaly that lies beneath the silver/copper/antimony rich bearing rhyolite at the Bayhorse Silver Mine. The 1.5 +km (5,000 feet) anomaly appears to have a vertical extent of 500 m (1,650 ft) from 600 m (1,980 ft) above sea level to 100 m (330 ft) above sea level and a width of up to 100 m (330 ft).
The Company anticipates good drilling ground for a large portion of the drill hole, estimating at least +/- 30 meters (100 feet) of drill core per shift, intersecting the top of the anomaly 150 m (495 ft) down hole with a projected termination depth of 257 m (850 ft) at the east side of the anomaly.
Antimony – In addition to its high Silver/Copper content, the Bayhorse mineralization, tetrahedrite, contains a significant amount of Antimony, a critical mineral that is mostly imported into the U.S. Prior testing has shown Antimony to be between 10% - 12% of the Bayhorse concentrate. With the recent ban by China of exporting antimony into the U.S., that is a highly sought after component of both explosives and flame retardants, prices are expected to increase for the near future.
In the sections image below, line 1040 lies directly beneath the diamond drill location, while line 1050 is 100 m (330 ft) east of and just outside the underground workings.
Figure 1. Resistivity data from survey by Geotech Ltd's proprietary VTEM system. Sections show the position of the planned drill hole intersection in the upper portion of the anomaly beneath the Bayhorse Silver Mine.
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Figure 2. Resistivity data from survey by Geotech Ltd's proprietary VTEM system. Plan view shows pronounced low-resistivity anomaly (survey lines 1040-1050) in relation to the Bayhorse Mine underground workings.
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Figure 3. Surface representation of the underground drill holes
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The Bayhorse exploration model holds that the silver/copper/antimony rich mineralized rhyolite at the Bayhorse Silver Mine could have its source in underlying shallow granites that may be conductive porphyry copper.