Bayhorse Silver Mobilizes Diamond Drill To The Bayhorse Silver Mine For A Minimum 2,000 Meter Underground Drill Program
MWN-AI** Summary
Bayhorse Silver Inc. has announced the mobilization of a diamond drill rig to its Bayhorse Silver Mine in Oregon, commencing a significant underground drilling program. This program aims to drill up to 10 holes over a total depth of 2,000 meters (about 6,600 feet), targeting several induced polarization (IP) anomalies, specifically CR-1, CR-2, CR-3, and two additional targets (MR-1 and Deep-1) located east of the inferred resource area.
CEO Graeme O'Neill expressed optimism about the silver-bearing potential of these IP targets, indicating that mineralization could extend vertically above and below current mine workings, covering approximately 300 meters (1,000 feet) in height. The current National Instrument 43-101 inferred resource stands at 292,300 tons, boasting a grade of 21.65 ounces per ton (673 grams per tonne) for a total of 6.3 million ounces of silver. The drilling aims to refine the understanding of mineralization and possibly increase the inferred resource.
Notably, the CR-1 target coincides with existing mining areas and is expected to be among the first sites explored for mining once the necessary operational permits are received. The analysis indicates that other targets (CR-2 and CR-3) could also indicate significant mineralization potential, with further drilling expected to establish their extent and value.
The company’s exploration initiatives reflect a rigorous scientific approach to identifying and quantifying silver resources, as it aims to enhance both mining operations and resource estimates. Bayhorse Silver remains committed to maintaining environmentally sustainable practices while advancing its projects. The forward-looking nature of the drilling program highlights potential growth in the company’s resource base amid fluctuating commodity prices and market conditions.
MWN-AI** Analysis
Bayhorse Silver Inc. (TSXV: BHS), following its mobilization of a diamond drill rig for an ambitious 2,000-meter underground drill program, presents a compelling opportunity for investors. The decision to target five promising IP anomalies signals a strategic move to enhance the current 292,300-ton inferred silver resource, grading 21.65 ounces per ton (673 g/t), which could potentially elevate the company's standing in the silver market.
As the silver market continues to experience volatility, driven by macroeconomic factors including inflation fears and supply chain uncertainties, Bayhorse's proactive exploration efforts could position it favorably. The estimated silver endowment and the recent results from IP surveys indicate strong potential for further mineralization extending beyond the currently defined resource boundaries. CEO Graeme O'Neill’s optimistic outlook regarding the vertical mineralization suggests that the drill program may not only confirm existing resources but also uncover substantial new deposits, with historical data supporting the possibility of high-grade intersections.
For investors, this is a critical moment. Bayhorse's ongoing drilling program will clarify the potential to move inferred resources to indicated status, which could drive share price appreciation. However, investors should remain cautious about market conditions that affect resource extraction, including commodity price fluctuations and the junior mining sector's overall investor sentiment.
With a solid operational framework in place—highlighted by reduced environmental impact through advanced processing technology—Bayhorse appears well-prepared to capitalize on any positive drill results. Potential gains linked to resource expansion could provide substantial upside for investors while understanding the inherent risks associated with mining exploration remains vital. Hence, a balanced view is recommended: consider the promise of Bayhorse Silver alongside broader market dynamics before making investment decisions.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Vancouver, British Columbia--(Newsfile Corp. - March 11, 2026) - Bayhorse Silver Inc, (TSXV: BHS) (OTCQB: BHSIF) (FSE: 7KXN) (the "Company" or "Bayhorse") has purchased, and mobilized, a diamond drill rig with a 2,500 ft depth capability to its Bayhorse Silver Mine to commence up to 10 diamond drill holes, 2,000 m (6,600 ft) underground drill program targeting IP anomalies CR-1, CR-2 and CR-3 (see news release BHS2026-03) and two IP targets (MR-1 and Deep-1) that lie east of and below the inferred resource area (see news release BHS2025-5) as outlined in Figure1.
Figure 1, Drill targets CR-1, CR-2, CR-3, WM-2, MR-1 and Deep-1 on Bayhorse underground workings
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5015/288105_82e2d1d334e9b8c6_001full.jpg
Figure 2, IP low resistivity targets with drill directions and pad locations in the underground workings
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5015/288105_82e2d1d334e9b8c6_002full.jpg
Bayhorse CEO Graeme O'Neill, comments, "We are very pleased that the additional analysis of the IP indicates the strong possibility of silver bearing mineralized material with vertical extent both above and below the current mine workings over 300 m (1,000 feet) and extending both east and west of the inferred resource boundary. Our increased drilling objective is to further refine our understanding of the extent, structure and mineralization of the Bayhorse silver endowment and to potentially increase the known resource. The targets identified extend beyond the area of our National Instrument 43-101 Mineral Resource Estimate of 292,300 tons at a grade of 21.65 opt (673 g/t) for 6.3 million ounces of silver (Turner et al. 2018) (Figure 2) with the drill program intended to determine whether inferred ounces can be increased and whether inferred ounces can be brought to an indicated or better category."
Figure 3. Inferred resource area (cyan) that includes historic high graded mined area and showing DD2024-01 that intersected 700 ft of brecciation
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5015/288105_82e2d1d334e9b8c6_003full.jpg
Figure 4. Vertical extend of IP targets and distance from inferred resource zone (MR-1 not shown)
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5015/288105_82e2d1d334e9b8c6_004full.jpg
While the upper portion of CR-1 coincides with the historic and current underground mine workings including the Big Dog and Goldilocks mineralized zones that will be initially targeted for mining operations upon receipt of the Operating Permit, the analysis shows the low-resistivity features extend at least 97 m (320 ft ) above the current mine workings at the main portal level and extending down to 200 m (656 ft) below the main portal as shown in Figure 4, above.
CR-2 lies approximately 200 m (656 ft) southeast of CR-1 and is lesser in vertical extent than CR-1. Both CR-1 and CR-2 occur beneath a shallow resistive (pink) layer (Figure 2). CR-3 is located near the northwestern end of historic Goldilocks zone where historic drilling suggests prior operators believed mineralization existed to the north of the known partially mined area.
This additional analysis showing more detailed locations, elevations, distances and orientation from the current underground drill pad locations and workings have resulted in the Company increasing the area for the initial underground drilling program from 1,000 m (3,260 ft) to 2,000 m (6,600 ft) as previously outlined in BHS2026-02.
The IP targets identified during the March 2025 IP survey that lie under the Mine access road can be accessed from the existing underground drill pads. One of these targets was intersected by groundwater test well MW2 at a depth of between 22 m and 33.5 m (72 -110 ft) from surface with a 3 m (10 ft) intersection of 1.5 m (5 ft) grading an average of 1,104 g/t (35.46 opt) silver and 1.5 m (5 ft) averaging 770 g/t (23.12 opt) silver. IP target MR-1 lies approximately 170 m (558 ft) to the northeast of the mine workings.
This News Release has been prepared on behalf of the Bayhorse Silver Inc. Board of Directors, which accepts full responsibility for its content. Mark Abrams, AIPG, a Qualified Person and Director of the Company has prepared, supervised the preparation of, or approved the technical content of this news release.
On Behalf of the Board.
Graeme O'Neill, CEO
866-399-6539, 604-684-3394
About Bayhorse Silver Inc.
Bayhorse Silver Inc. is an exploration and production company with a 100% interest in the historic Bayhorse Silver Mine located in Oregon, USA with a National Instrument 43-101 inferred resource of 292,300 tons at a grade of 21.65 opt (673 g/t) for 6.3 million ounces of silver. (Turner et al. 2018) and the Pegasus Project, in Washington County, Idaho. The Bayhorse Silver Mine and the Pegasus Porphyry Copper Project are 44 km southwest of Hercules Metals' porphyry copper discovery. The Bayhorse Mine is a minimum environmental impact facility capable of processing at a mining rate up 200 tons/day that includes a state of the art 40 ton per hour Steinert Ore-Sorter that reduces waste rock entering the processing stream by up to 85%. The Company has established an up to 60 ton/day mill and standard flotation processing facility in nearby Payette County, Idaho, USA with an offtake agreement in place with Ocean Partners UK Limited. The Company has an experienced management and technical team with extensive mining expertise in both exploration and building mines.
FORWARD LOOKING STATEMENTS:
This news release includes certain statements that may be deemed "forward-looking statements". All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. In particular, these forward-looking statements are based on assumptions regarding: (i) stability in precious metals markets and silver prices; (ii) no further significant macroeconomic shocks or disruptions; (iii) continued market liquidity and investor access to capital; (iv) recovery of investor sentiment in the junior mining sector; and (v) timely receipt of required regulatory approvals. Factors that could cause the actual results to differ materially from those in forward-looking statements include: fluctuations in metal and commodity prices; continued availability of equity capital and financing; extreme market volatility and changes in investor sentiment; general economic, market, and business conditions; macroeconomic shocks and trade policy uncertainty; market liquidity constraints; timing and receipt of regulatory approvals (including from the TSX Venture Exchange); and risk that market recovery timing may differ materially from management expectations. Readers are cautioned not to place undue reliance on forward-looking statements. For a complete discussion of risk factors affecting the Company, please refer to the "Risks and Uncertainties" section of the Company's most recent Management's Discussion and Analysis available on SEDAR+ at www.sedarplus.ca. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/288105
FAQ**
How does the recent development from Bayhorse Silver Inc BHSIF, including the mobilization of a diamond drill rig, impact the investment sentiment towards mining companies in Vancouver, British Columbia?
What implications does the increased drilling program by Bayhorse Silver Inc BHSIF have for the local mining industry and its regulatory environment in Vancouver, British Columbia?
With the ongoing exploration by Bayhorse Silver Inc BHSIF targeting significant inferred resources, how might this affect the attractiveness of Vancouver as a mining investment hub for global investors?
How could the geological findings from Bayhorse Silver Inc BHSIF's drilling program influence future mining ventures and partnerships in Vancouver, British Columbia?
**MWN-AI FAQ is based on asking OpenAI questions about Bayhorse Silver Inc (OTC: BHSIF).
NASDAQ: BHSIF
BHSIF Trading
0.0% G/L:
$0.0357 Last:
72,100 Volume:
$0.03577 Open:
