Bayhorse Silver Files NI-43-101 Report on Bayhorse Silver Mine Property, Submits More Samples for Silver Assays
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 19, 2014) - BAYHORSE SILVER INC. (the "Company") (TSX VENTURE:BHS) reports that it has filed a National Instrument 43-101 Technical Report on its recently acquired Bayhorse Silver Mine property in eastern Oregon. The Report that can be viewed on the Company's websitewww.bayhorsesilver.com/properties/technical-reports, was prepared by Dr. G. E. Ray, P.Geol., an independent geological consultant and a qualified person as defined by NI-43-101.
The Company has submitted approximately 300 kilograms of mineral samples from the Bayhorse property to Met-Solve Laboratories Inc of Langley, BC, for Dense Media Separation testing and to confirm the flotation recovery results from prior operators.
The area where the bonanza grade silver results of up to 150 kg/ton silver were obtained, as reported in the Company's news release BHS2014-01, has been systematically sampled along the strike of the high grade mineralized zone, and additional samples have been submitted for assays. Results will be released when received.
The Company has engaged American Mining and Tunneling of Elko, Nevada, to advise on rehabilitation of the underground workings to provide for safe access to the workings, where an assessment of the mineralized zones for a potential bulk sampling program will be undertaken. Campbell & Walker Geophysics Ltd of Vancouver has been engaged to advise on a proposed geophysics program on the Bayhorse Property, where initially a gradient array IP/Resistivity program is planned.
ABOUT BAYHORSE SILVER INC.
Bayhorse Silver Inc. is a junior exploration company which is earning an 80% interest in its newly acquired historic Bayhorse Silver Mine that has the potential for a substantial silver discovery, and has 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. The Company has an experienced management and technical team with extensive exploration expertise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Caution Regarding Forward-Looking Statements - This news release contains certain forward-looking statements, including statements regarding the business of the Company. These statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward looking statements, oral or written, made by itself or on its behalf except as required by law.
Bayhorse Silver Inc.
Graeme O'Neill
President and Chief Executive Officer
(604) 684-3394
