Bayhorse Silver Receives Crushing & Processing Equipment at Bayhorse Silver Mine in Oregon - Video Available on Investmentpitch.com

October 20, 2016 11:41 AM EDT | Source: InvestmentPitch Media

Vancouver, British Columbia--(Newsfile Corp. - October 20, 2016) - Bayhorse Silver (TSXV: BHS) has received its shipment of crushing and processing equipment at the Bayhorse Silver Mine in Oregon and is currently assembling the equipment. The company anticipates that by the end of the month, the Bayhorse Silver Mine site will be completely electrified, with new power lines to the site by Idaho Power.

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On completion of crusher assembly and commissioning, a 2000-ton batch of mineralization already extracted from the mine workings will be tested for silver upgrading utilizing the crushing and shaker table procedures.

During construction of an access ramp to the upper adit a significant zone of mineralization was exposed in the wall rock, dipping 30 degrees to the north and extending over a thickness of 20 feet for a horizontal distance of 73 feet. This is consistent with the mineralized zone at the Bayhorse Mine, which is approximately 85 feet wide and averaging 20 feet in thickness as reported by Herdrick in his 1981 report. The upper adit is being remediated to provide additional mechanized access to mineralized material in the upper level of the historic mine workings.

Graeme O'Neill, President & CEO, stated: "Exploration Manager Dr. Clay Conway, P.Geol, was excited to see the external extent of the mineralization with abundant showings of oxidized tetrahedrite in the form of azurite and malachite that he sampled for assay, as it confirms the extent of the mineralization reported in the historic documentation."

The company has ordered a portable 38 ft x 50 ft structure, to minimize weather issues affecting the continuous upgrading operations, allowing operations at the Bayhorse Mine to be conducted year round.

The company has also reopened the lower 900-foot adit where historically mineralization was drawn from ore-shoots from the intermediate level workings. Opening of the three adits provides additional exits from the mine workings, allows for safer underground operations, and provides cross ventilation within the underground workings. An underground drill program is planned from the lower adit workings targeting into, and the area ahead of, the known mineralized zone.

Prior to closing the mine in late 1984 due to low silver prices, Silver King was reported to have only mined 5,718 tons at an average grade of 16.7 ounces per ton silver using a 6 ounce per ton silver cut-off.

Bayhorse is earning an 80% interest in the historic Bayhorse Silver mine in Oregon, and a 75% interest in the past producing Bridging the Gap Project, located in the highly prolific silver producing district of the "Silver Valley" in northern Idaho, adjacent to the Bunker Hill Mine.

The shares are trading at $0.24 and with 35.3 million shares outstanding, the company is capitalized at $8.5 million.

For more information, please visit the company's website www.bayhorsesilver.com, contact Graeme O'Neill, President and CEO, at 604-684-3394 or email company@bayhorsesilver.com.

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