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Bayhorse Silver Inc. (KXPLF)

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Last Post: 12/3/2016 6:06:00 PM - Followers: 12 - Board type: Free - Posts Today: 0

Bayhorse Silver Inc.


is a junior exploration company with a 100% interest in its three major high grade New Zealand gold prospects (Alexander River, Paparoa and Lyell), in the highly prolific West Coast South Island gold fields of New Zealand, where it offers investors the potential for a major gold discovery and is earning an 80% interest in its newly acquired historic Bayhorse Silver Mine that has the potential for a substantial silver discovery.

Bayhorse Silver Mine Oregon

Mining has been conducted intermittently at Bayhorse since the early 1920′s and the mine last closed after the price of silver dropped to under US$6/oz in late 1984. The property has remained dormant since. The Bayhorse mine has two existing accessible adits, the upper extending about 800 feet westward into the hill and the lower extending about 500 feet into the hill.  A middle level is reached only by raises from the lower level and winzes from the upper level.  Three areas have been stopped in the ground between the upper and middle level.  

As “stated in the minerals production yearbook” (Jacobsen, 1959), total reported historic production from the Bayhorse Mine through 1959 was 286,000 ounces of silver from 8,300 tons of ore for an average of approximately 35.5 opt Ag (1,217 g/t Ag).Herdrick (1981) estimated remaining shipping ore at a 7.5 opt Ag cutoff to be 166,208 tons, and on-site mill ore at a 3 opt Ag cutoff to be 473,350 tons. Herdrick provides no production and shipping records

According to other more recent reports in 1984, 90 underground drill holes totaling approximately 15,000 feet reportedly delineated approximately 26,000 tons of silver bearing mineralization of which 5,718 tons were reported being produced at an average grade of 16.7 opt Ag (572.5 g/t Ag) while approximately 20,000 tons at an average of 15 opt Ag reportedly remained unmined. The historic records also indicate that of the 5,718 tons produced, approximately 23% reportedly graded between 21 – 100 opt Ag, 71% reportedly graded between 6 opt – 20 opt Ag and 6% reportedly graded less than 6 opt Ag. Ancilliary copper produced reportedly averaged  1% Cu. The highest reported grade from the 1984 drilling, sampling and mining program was a round that reportedly assayed 691 opt Ag (23,691 g/t Ag) and 15.72% Cu from a tetrahedrite-tennantite rich vein.

Both adits on the property are open, but the workings are not entirely accessible at present due to safety issues. Historic reports indicate that the mineralization, consisting mainly of tehrahedrite/tennantite, occurs in a 60-80 feet wide in a zone along an  andesite and rhyolite contact. Minor copper, arsenic, and vanadium are associated with the silver. Azurite and malachite coatings are common in oxidized parts of mineralized ground on the walls of the excavated stopes.  Additional minerals include  enargite, dufrenoysite and cuprodesclosite. Gold values of up to 10 g/t Au have also been reported in the mineralization.

The Company has an experienced management and technical team with extensive exploration expertise.
 

Latest News

Bayhorse Silver Announces Bonanza Grade Silver Assays

 Jan 14, 2014

Bayhorse Silver Inc. (“Bayhorse” or the “Company”) BHS: TSX-V, reports on assay results received from the Company’s recently acquired Bayhorse Mine Silver property in eastern Oregon.

Of the 21 selected hand samples taken, 11 assayed >100 g/t silver with some containing bonanza grades of more than 10,000 g/t silver. The highest silver grades are in samples GRBH-20, 150.4 kg/tonne (150,370 g/tonne or 4,385 oz/tonne) and GRBH-19, 88.2 kg/tonne (88,206 g/tonne or 2,836 oz/tonne). In addition samples GRBH-13 graded 1.19 kg/tonne (1,190 g/tonne or 38.26 oz/tonne), GRBH-09, 1.02 kg/tonne (1,020 g/tonne or 32.79 oz/tonne), GRBH-02, 0.9 kg/tonne (902 g/tonne or 29.0 oz/tonne) and GRBH-03, 0.88 kg/tonne (888 g/tonne or 28.55 oz/tonne). Assays for the entire 21  samples are tabulated below. Samples were taken by independent geologist Dr. G. E. Ray, P.Geol., during a property visit undertaken in preparation for an NI-43-101 Technical Report that is currently underway.

The two highest grade samples (GRBH-20 and GRBH-19) were taken 4 meters apart from a 4-cm thick massive sulfosalt-sphalerite vein that occupies a faulted rhyolite-andesite contact. This vein outcrops above the Upper Adit entrance that accesses the historic underground workings. The two samples weighed approximately 1.5 kg each. The samples were submitted under chain of custody to the certified ALS Chemex laboratory in Elko Nevada for analysis.

 
    Ag Cu Pb Zn Ag Ag
Sample Sample Type g/t % % % oz/tonne kg/t
GRBH-01 Low grade stockpile rhyolite 118     2.65 3.79  
GRBH-02  Low grade stockpile rhyolite 902 1.17   2.39 29 0.9
GRBH-03  Low grade stockpile rhyolite 888 3.06   2.4 28.55 0.9
GRBH-04  Low grade stockpile rhyolite 176     1.1 5.66  
GRBH-05 Low grade stockpile rhyolite 197       6.33  
GRBH-06  Quartz vein upper adit 1.73        0.05  
GRBH-07  Low grade stockpile rhyolite 641 5.12   3.7 20.61  
GRBH-08  Low grade stockpile rhyolite  84.6     0.99 2.72  
GRBH-09  Andesite outcrop 70ft north of Upper Adit 1,020 2.95   1.13 32.79 1.02
GRBH-10  Composite quartz vein samples  5.79       0.186  
GRBH-11  Outcrop rhyolite  9.96       0.32  
GRBH-12  Outcrop rhyolite  10.4       0.33  
GRBH-13  Outcrop rhyolite 160ft south of Upper Adit 1,190 3.69     38.26 1.19
GRBH-14  Quartz vein float 1600ft west of Upper Adit 1.59        0.03  
GRBH-15  Composite quartz vein float 1600ft west of Upper Adit 9.23       0.29  
GRBH-16  Composite quartz vein float  4.06       0.13  
GRBH-17  Faulted outcrop 750ft west of adit 0.66        -  
GRBH-18  Outcrop 400ft west of Upper Adit 5.14    1.19   0.16  
GRBH-19 4 cm vein outcrop at Upper Adit* 88,206 11.9 1.25 8.97 2,836 88.2
GRBH-20 4 cm vein outcrop at Upper Adit * 150,370 17.85 1.21 8.67 4,835 150.4
GRBH-21 Composite rhyolite float Upper Adit 710     2.5 22.83  

(“grab samples are selective by nature and are unlikely to represent average grades of the deposits”)

The assay results confirm historic reports that bonanza grade silver exists on the Bayhorse Property.

Some samples were submitted to petrologist Dr. Craig Leitch, P.Eng., for thin and polished section studies. He reports that the 4-cm thick vein discovered at surface with bonanza silver grades contains sphalerite, with three distinct sulfosalt minerals (tennantite and two unidentified phases, possibly Ag-sulfosalts) as well as possible acanthite. In addition there was  minor galena and chalcopyrite.

Based upon the significant results reported above, along with the following historic information, the Company has decided to initiate metallurgical assessment of an approximately 250 kg bulk sample of mineralized material from an onsite, apparent low-grade ore dump, to be submitted to Met-Solve laboratories in Abbotsford, BC. By doing so, the Company hopes to confirm the reported historic flotation recoveries in excess of 80% silver and to determine the best method to achieve a saleable concentrate in the event that the historic information  reported below can be substantiated.

Historic Information:

The Company advises that the following information is of a historic nature. Historic production estimates, drill information and grades reported have not been verified; A qualified person has not done sufficient work to verify the historical estimates nor classify the historical estimates as current mineral resources or mineral reserves and the Company is not treating the historical estimates as current mineral resources or mineral reserves. (ounces/grams conversion is one ounce/short ton = 34.2857 grams/metric ton)

As “stated in the minerals production yearbook” (Jacobsen, 1959), total reported historic production from the Bayhorse Mine through 1959 was 286,000 ounces of silver from 8,300 tons of ore for an average of approximately 34.5 opt Ag (1,183 g/t Ag) while Herdrick (1981) estimated remaining shipping ore at a 7.5 opt Ag cutoff to be 166,208 tons, and on-site mill ore at a 3 opt  Ag cutoff to be 473,350 tons.

According to other more recent reports in 1984, 90 underground drill holes totaling  15,000 feet reportedly delineated  26,000 tons of silver bearing mineralization of which 5,718 tons were reported being produced at an average grade of 16.7 opt Ag (572.5 g/t Ag) while approximately 20,000 tons at an average of 15 opt Ag reportedly remained unmined. The historic records also indicate that of the 5,718 tons produced, 23% reportedly graded between 21 – 100 opt Ag, 71% reportedly graded between 6 opt – 20 opt Ag and 6% reportedly graded less than 6 opt Ag. Ancillary copper produced reportedly averaged 1% Cu. The highest reported grade from the 1984 drilling, sampling and mining program was from a mined round, containing a tetrahedrite-tennantite –rich vein, that assayed 691 opt Ag (23,691 g/t) and 15.72% Cu.
 

Market Cap: 2.5m                                              Shares Out: 16.2m

 

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#763   News releases coming the week of Dec. 5th? greenfields333 12/03/16 06:06:00 PM
#762   WOW! Copper has been on a tear! Up silvereagle123 11/11/16 08:00:20 AM
#761   (All) Your thoughts on the recent email please? silvereagle123 11/09/16 04:47:28 PM
#760   ZZZZZZZZZZZZZZZZZ... Someone wake me up when it gets interesting! silvereagle123 11/08/16 10:14:56 AM
#759   No worries start of silver production AND BTG NiteShift 11/02/16 10:56:20 PM
#758   Down 3 shekels today! Boo silvereagle123 11/02/16 09:04:35 PM
#757   Up 2 shekels today. Yay! silvereagle123 11/01/16 02:13:35 PM
#756   Of Course!!!!! carl405040 10/31/16 01:51:33 PM
#755   Hey Carl, no hard feelings. We are all silvereagle123 10/31/16 12:38:40 PM
#754   Haha! YOU of all people are telling me silvereagle123 10/31/16 09:48:32 AM
#753   Safer to do your own DD rather then carl405040 10/31/16 09:46:03 AM
#752   Just playing devil's advocate here. But if this silvereagle123 10/29/16 06:16:39 PM
#751   YES!!! Production pr any day now. Also assay NiteShift 10/28/16 10:32:47 PM
#750   Hi. So you think the long awaited PR silvereagle123 10/28/16 06:34:31 PM
#749   People on Stockhouse seem to know what they carl405040 10/28/16 02:46:58 PM
#748   ...I think I already asked this before. Lol silvereagle123 10/28/16 01:16:13 PM
#747   So when do you people see them going silvereagle123 10/28/16 12:00:19 PM
#746   Within a short time they will start shipping carl405040 10/19/16 09:37:14 PM
#745   That would be a VERY SMART MOVE Cowboy...GiddyUP! ! NiteShift 10/19/16 08:00:27 PM
#744   You see them going into production anytime soon? silvereagle123 10/19/16 06:07:17 PM
#743   I hope you are right because this stock carl405040 10/19/16 06:05:20 PM
#742   I wouldn't do that. Besides, if the stock silvereagle123 10/19/16 06:03:50 PM
#741   See my post 740. carl405040 10/19/16 05:50:13 PM
#740   This is good news for sure. The carl405040 10/19/16 05:49:31 PM
#739   So is this recent PR more blah, blah blah? silvereagle123 10/19/16 12:40:49 PM
#738   News Release this week? Nothing is certain greenfields333 10/19/16 10:20:45 AM
#737   In two days it's traded 190,000 on the NiteShift 10/12/16 05:46:12 PM
#736   Sounds like a plan Carl.... NiteShift 10/11/16 10:14:27 AM
#734   Four days left. carl405040 10/10/16 04:13:26 PM
#733   And your welcome!!! Just so you know it's not NiteShift 10/08/16 10:04:08 PM
#732   You will be a VERY happy camper next NiteShift 10/08/16 08:09:11 PM
#731   If no crusher or other details from these carl405040 10/08/16 07:43:16 PM
#730   I can tell lol. No worries ALL is NiteShift 10/07/16 04:05:19 PM
#729   I agree. Just antsy. carl405040 10/07/16 03:42:00 PM
#728   Carl stop worrying as ALL is good. News early NiteShift 10/07/16 02:56:14 PM
#727   Don't need to be a member to post NiteShift 10/06/16 09:40:40 PM
#726   I am not a member of BMR. carl405040 10/06/16 06:52:04 PM
#725   No?????????????? NiteShift 10/06/16 06:42:58 PM
#724   No I have not. carl405040 10/05/16 07:45:22 PM
#723   Carl have you seen the BMR review on BayHorse? NiteShift 10/05/16 06:35:11 PM
#722   Carl can you post that on SH pls NiteShift 10/04/16 01:02:57 PM
#721   If anyone knows what BMR said about Bayhorse carl405040 10/04/16 12:47:56 PM
#720   The crusher and the sorter mining equipment will NiteShift 10/04/16 10:49:25 AM
#719   If the crusher arrives this week and the carl405040 10/04/16 09:57:33 AM
#718   Go read Saturdays Sept 30 comments about BHS NiteShift 10/03/16 06:09:08 PM
#717   Check out BullMarketRun tomorrow for their comments on Bayshore. carl405040 10/03/16 05:36:15 PM
#716   Canada up 4 cents today to .285. carl405040 10/03/16 01:30:23 PM
#715   This stock is ready to really move this carl405040 10/03/16 01:27:35 PM
#714   Idk. All this constant 24/7 manipulation of the silvereagle123 10/03/16 12:51:46 PM
#713   Silver---why no action here when Canada is going nuts? carl405040 10/03/16 12:25:24 PM
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