September 29, 2016 BHS2016-016
Bayhorse Silver Inc. BHS: TSX-V (the “Company” or “Bayhorse“) reports that a diamond drill program is currently underway on its Bridging The Gap (“BTG”) silver-lead-zinc project in the highly prolific silver producing district of the “Silver Valley”, in northern Idaho, USA..
Diamond drill hole BTG-1B was at 705 feet on September 27th and is targeted for a total depth of 1,400 feet. Drill hole BTG-1A was terminated early at 109 feet in highly fractured rock following technical problems.
The Company’s entire team of senior geological and mining consultants recently visited the BTG Project. These included: Dr. Clay Conway, P.Geol., and a director of the Company; Dr. Gerry Ray, P.Geol.; Dr. Stewart Jackson, P.Geo.; and Mr. Todd Johnson, P.E., M.S Geology and Geological Engineering; along with other geological and engineering consultants.
A detailed presentation of the Project was provided by Ron Krusemark, M.E. of HRB Mining Services, prior to a site visit to review drilling progress and diamond drill core.
Bayhorse Silver CEO Graeme O’Neill comments that “having the senior geological and engineering consultants visit the project at the same time the drilling program is underway is a significant event for the Company as it allows for a better understanding of the project.”
The diamond drill is targeting a pair of parallel silver/lead/zinc structures and veins that are projected to extend east-west for approximately 1,400 feet in length and over 1,000 feet in vertical extent. The structural vein targets include those at the historic Crown Point/Silver King Mines, and the parallel Shea structure located 300 feet to the south.
The Shea structure was extensively mined at the adjacent Bunker Hill Mine, whose claims abut the eastern side of the BTG claims. Historical Bunker Hill mining records from 1936 report a 30 foot highly mineralized intersection in the Shea structure from an underground drill hole in the Silver King workings at the 200 foot level. The Shea zone mineralized drill hole intersection was never followed up based on the Company’s historical mine data digital compilation.