June 10, 2015 – BHS2015-20
Bayhorse Silver Inc. BHS: TSX-V (the “Company” or “Bayhorse“) advises that Saturn Minerals Inc (“Saturn”) has reported it is completing plans to drill a second oil exploration well on its Bannock Creek light oil and gas prospect.
Saturn reports that after a technical review of the first well drilled, it will case most of the length of the second well to minimize issues while drilling.
Saturn has reported its target, at an approximate depth of 1,000 meters, is a closed fault bounded roll over structure of 480 acres minimum in area and has the potential to contain up to 38 million barrels in place of resource from all three targeted reservoirs, that compares very favorably with existing producing light oil pools to the south of both Bannock Creek.
Bayhorse is farming in with Saturn on the adjacent Little Swan light oil prospect. Together, the Bannock Creek and Little Swan prospects cover approximately 650 square miles.