Bayhorse Silver Underground Drilling Operations Update
May 28, 2026 BHS2026-14
Bayhorse Silver Underground Drilling Operations Update
Bayhorse Silver Inc, (BHS: TSX-V, BHSIF: OTCQB, 7KXN: FRANKFURT) (the “Company” or “Bayhorse”) is pleased to announce that underground drilling preparations have been completed at the Bayhorse Silver Mine, and the 2,000 m (6,562 ft) first phase diamond drilling will commence June 1.
Figure 1. CR-2 IP anomaly indicating a 76 m (250 ft) width.
Bayhorse CEO, Graeme O’Neill, who will be present at the Bayhorse Silver Mine at the commencement of drilling, comments “the first 6 drill holes will be drilled from the same underground drill station that was used for its 1,100 ft drill hole DD2024-01, that intersected 213 m (700 ft) of strong brecciation, (BHS2025-02) indicative of being formed by hot, high pressure gasses and fluids at depth.”
Figure 2. CR-2 drill sections indicating an up to 200 m (656 ft) vertical extent
He further comments, “as the drill station will be used for a minimum 13 diamond holes, a significant amount of drill site preparation has been done, including a concrete pad and a sump. The first DD holes, DD2026-01 to DD2606-06 will be into the newly identified CR-2 IP target, that lies between 350 to 600 feet to the south of the newly prepared drill station. The 6 DD holes to the south, including the 7 DD holes planned to the east, are intended to confirm the presence of high grade silver bearing “tetrahedrite” (a tightly bound silver/antimony/copper/zinc/lead mineralization) that extend beyond the area of our National Instrument 43-101 Mineral Resource Estimate of 292,300 tons at a grade of 21.65 opt (673 g/t) for 6.3 million ounces of silver (Turner et al. 2018).”
The planned 7 drill holes into the easterly IP targets that lie between 60 and 121 m (200 and 400 ft) east of, and 43-60 m 140-196 ft) below the area of the 2018 inferred resource area are to extend the mineralized zone to the east. One of these targets was intersected by groundwater test well MW2 at a depth of between 22 m and 33.5 m (72 -110 ft) from surface with a 3 m (10 ft) intersection of 1.5 m (5 ft) grading an average of 1,104 g/t (35.46 opt) silver and 1.5 m (5 ft) averaging 770 g/t (23.12 opt) silver.
The 2nd stage of the drill program will target the CR-1 and CR-3 anomalies. CR-1 is shown in Figures 3, 8 and 9.
The Company has contracted out the drilling to a highly experienced drilling company and the Company has qualified personnel on staff to support the underground drill program. Geological analysis and sampling of the drill core will be undertaken by Director and Geologist Mark Abrams who will be supported by a junior geologist.
Figure 3. MW-2 IP anomaly targets
Figure 4. MW 2 IP anomaly drill section
Figure 5. MW-2 deep anomalies
Figure 6. CR-1 anomaly targets
Figure 7. CR-1 targets drill section
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 and Director of the Company has prepared, supervised the preparation of, or approved the technical content of this news release.
Graeme O’Neill, CEO
