Bay­horse Sil­ver be­gins drilling Bridg­ing the Gap

Stockwatch Daily - - FRONT PAGE - Mr. Graeme O’Neill re­ports

BAY­HORSE SIL­VER Inc. has com­menced a new di­a­mond drilling pro­gram at its Bridg­ing the Gap sil­ver project that lies between the h is to ric , for­merly pro­duc­ing, Bunker Hill mine and Asarco’s for­merly pro­duc­ing Page mine.

Dy­namic Drilling of Os­burn, Idaho, is the drill con­trac­tor, and West Val­ley Con­tract ing of Cataldo, Idaho, is pro­vid­ing drill lo­ca­tion ac­cess and sup­port ser­vices. Ac­cess roads to the first drill pads on the Crown Point struc­ture have been com­pleted, drill pad ac­cess to the Wy­oming/Curlew drill pads is un­der way and the drill rig has been mo­bi­lized.

The first drill tar­get is a pair of par­al­lel sil­ver/zinc/lead veins at the his­toric Crown Point mine, and ap­prox­i­mately 300 feet to the south, the par­al­lel Shea struc­ture. His­toric Bunker Hill min­ing records re­port a 30-foot min­er­al­ized in­ter­sec­tion was made in 1936 by an un­der­ground drill hole from the 200-foot level at the Crown Point work­ings into the par­al­lel hang­ing­wall Shea zone that was never fol­lowed up.

On com­ple­tion of the Crown Point di­a­mond drill holes, the drill rig will move to the western side of the project and drill the Wy­oming and Curlew tar­gets. Bay­horse’s ear­lier Bridg­ing the Gap drilling en­abled an un­der­stand­ing of the stratig­ra­phy and struc­tural ge­ol­ogy and defini­tively iden­ti­fied the lo­ca­tion at depth of the Os­burn fault. Min­er­al­iza­tion in the district is re­lated spa­tially to the Os­burn fault and closely par­al­lel struc­tures.

Bay­horse chief ex­ec­u­tive of­fi­cer Graeme O’Neill com­ments: “De­spite be­ing sand­wiched between two past-pro­duc­ing mines, due to claim bound­ary is­sues between Bunker Hill Min­ing and Asarco, and the sub­se­quent trans­fer of the prop­erty to the EPA, the Bridg­ing the Gap mines have re­mained un­avail­able for ex­plo­ration and de­vel­op­ment for the past 76 years. We are very pleased to be head­ing our sec­ond round of ex­plo­ration on the project.”

Ac­cord­ing to the U.S. Bu­reau of Mines, pro­duc­tion from the six mines on the Bridg­ing the Gap Project (Black­hawk, Wy­oming, Ranger, Crown Point, Sil­ver King and Curlew) for the pe­riod between 1886 and 1940 was over two mil­lion ounces of sil­ver, 9.4 mil­lion pounds of zinc and six mil­lion pounds of lead.

U.S. Bu­reau of Mines (USBM) records show that Crown Point mines his­tor­i­cally worked on vein sys­tems with re­ported in-situ grades of up to 80 ounces per ton sil­ver and 65 per cent lead, from which 3,000 tons of ore were di­rect shipped at that grade. The Crown Point/Sil­ver King mines closed in 1940 with to­tal pro­duc­tion of 116,906 tons av­er­ag­ing 12 ounces per ton sil­ver and 11.3 per cent lead (USBM).

Ex­plo­ration po­ten­tial for the Crown Point, Sil­ver King and Shea struc­tures at depth is sub­stan­tial. The Crown Point/Sil­ver King zone was only mined down to the 200 level, but an ex­plo­ration shaft ex­tended the min­er­al­ized struc­ture to 800 feet. The highly pro­lific Bunker Hill mine im­me­di­ately ad­ja­cent to the east was mined down to 5,800 feet, and the Page mine, on the west side, was mined down to the 3,500-foot level. He­cla’s nearby Lucky Fri­day mine is cur­rently be­ing ex­tended to the 10,000-foot level.

Dr. Clay Con­way, PGeol, a qual­i­fied per­son and di­rec­tor of Bay­horse, has pre­pared, su­per­vised the prepa­ra­tion of, or ap­proved the tech­ni­cal con­tent of this press re­lease.

About Bay­horse Sil­ver Inc.

Bay­horse is earn­ing a 75-per-cent in­ter­est in the past-pro­duc­ing Bridg­ing the Gap project, con­sist­ing of Asarco’s his­toric Crown Point, Sil­ver King, Ranger, Wy­oming, Curlew and Black­hawk sil­ver/lead/zinc mines in Idaho’s Sil­ver Val­ley.

Bay­horse own an 80-per-cent in­ter­est in the his­toric Bay­horse sil­ver mine, Ore­gon, United States, as a re­sult of earn­ing into the project from cur­rent un­der­ground and construction of con­cen­trat­ing fa­cil­i­ties.

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

John A Ceren­zia, Clay M Con­way, Corey Klassen, Graeme James O’Neill

(BHS) Shares: 59,439,606

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