Bayhorse Silver Drill Approval, Pegasus Project, Idaho, Update

Posted on Jun 23, 2024 in News Release

June 17, 2024.                                                                                                  BHS2024-12


Bayhorse Silver Drill Approval, Pegasus Project, Idaho, Update

Bayhorse Silver Inc, (BHS: TSX-V, BHSIF: OTCQB, 7KXN: FRANKFURT) (the “Company” or “Bayhorse”) reports that it has received approval for its up to  10,000 ft (3048 m) diamond  drill program on the recently completed VTEM survey area that shows a large low resistivity anomaly that may represent an intrusive mass at its Pegasus Project in Idaho, one mile east of its Bayhorse Silver Mine, Oregon, USA.

The planned initial deep drilling program of 5 drill holes of up to 1800 feet (548.6 meters) deep is based upon the low resistivity targets identified in the survey that starts at 330 ft (100.6 meters) below surface and extends to 1800 ft (550 meters) in depth.

The low resistivity anomaly extends over a mile (1.6 km) from the NNW to the SSE and is believed to extend past the VTEM survey area to the south of the 4 sq/mile (1036 ha) Pegasus claim group.

Bayhorse CEO, Graeme O’Neill, comments “early drill permitting is necessary to avoid delays during the favorable summer drilling season, and our technical team has done wonders in getting the permitting completed so quickly.”

Figure 1, Planned drill locations based upon VTEM survey low resistivity zone(s).

This News Release has been prepared on behalf of the Bayhorse Silver Inc. Board of Directors, which accepts full responsibility for its content. Mark Abrams, AIPG, a Qualified Person has prepared, supervised the preparation of, or approved the technical content of this press release.

On Behalf of the Board.


Graeme O’Neill, CEO