Bayhorse Silver Inc.
Bayhorse Silver is an exploration and production company with a 100-per-cent interest in the historic Bayhorse silver mine, located in Oregon, United States, and an option to acquire an 80-per-cent interest on the Brandywine precious-metals-rich, volcanogenic massive sulphide property, located in British Columbia, Canada. The Company has an experienced management and technical team with extensive mining expertise surrounding exploration and building mines.
(1) Bayhorse Silver Mine, Baker County, Oregon, US
The Bayhorse Silver Mine is a past producing mine, located 14 km north of Huntington, Oregon. The Company has brought the mine back into an operating status. The Company has engaged APEX Geoscience Ltd. to supervise the ongoing minimum 2,000 meter drill program from within the over 1,500 feet of underground workings, to increase silver resource.
Through recent underground drilling and sampling, the main mineral zone has been extended over 100 feet past the historic 1984 workings. Drilling and sampling continues to delineate the further extension of high grade mineralization at the Bayhorse Silver Mine. (See news release dated April 26, 2021)
Bayhorse Silver extends silver zone to south, uncovers significant stockpile of mined rock in upper historical stopes. Bayhorse chief executive officer Graeme O'Neill comments: "While we anticipated that mineralization would extend to the south, it is very encouraging that this is confirmed by drifting into it as our drilling program progresses. I am also pleased to see increased ore-sorter recovery due to more intense mineralization in the mined material. I am further gratified that, not only does the price of silver remain elevated, boding well for the future prospects, but prices are also rising for both copper ($4.65 per lb [pound]) and antimony ($3.65 per lb) that constitute 20 per cent to 25 per cent of our resultant concentrate." (See news release dated May 20, 2021)
Bayhorse Silver Mine – Ready to Produce
(2) Brandywine Silver-Gold Project, British Columbia, Canada
Brandywine precious-metals-rich, past producing, volcanogenic massive sulphide (VMS) project
Brandywine Exploration Potential
Looking Forward – Blue Sky
Management and Directors
Graeme O'Neill, President & CEO
Founder of the Company; CEO since inception
Involved in management of junior exploration companies in the minerals sector for over 17 years as CEO. During this time developed barite mine close to Teck's Trail Smelter that was sold to a European interests
Highly experienced in logistics, planning, and operations development, with a strong background in the regulatory and compliance requirements of public companies
Rick Low, CPA, CA, B.Comm., CFO
Over 20 years progressive management experience in Canada and internationally with more than 10 years senior management experience as CFO and director for various public companies
Former CFO of Jinshan Gold
Donna Moroney, Corporate Secretary
Over 30 years experience in regulatory and corporate compliance in both Canada and the United States, and as a senior officer of various public companies
President of a corporate services company
Currently serves as a director and/or senior officer for eight public companies
James Walker, MSc. CEng, Director
Over 13 years of engineering and project management experience. Engineering project manager for the U.K. Ministry of Defence
John Cerenzia, CIM, Director
Extensive experience with small cap and junior resource companies, including as a former president of Alive International Inc. (now Simberi Gold Corporation)
Consultant to a number of public companies and is a former Systems Business Analyst with the Ontario Ministry of Transportation
Corey Klassen, Director
Strong financial background with considerable experience with junior resource companies
Currently director of two public companies
Has been a director of Bayhorse Silver for 10 years
Dr. Stewart A. Jackson, P.Geo.
Independent NI 43-101 Consultants
Dr. G. E. Ray, P.Geo., B.Comm.
APEX Geoscience Ltd., M.Dufresne, A. Turner et al
Dr. William Willoughby, Ph.D., P.Eng., Mining Engineer
John Jewitt, P.Eng.
On March 28, 2022, Bayhorse Silver Inc. announced that the TSX Venture Exchange has consented to the extension in the expiry date of the following warrants.
Number of warrants: 11.95 million
Original expiry date of warrants: April 2, 2022 (as to 4.53 million warrants), April 17, 2022 (as to 7.42 million warrants)
New expiry date of warrants: Oct. 2, 2022 (as to 4.53 million warrants), Oct. 17, 2022 (as to 7.42 million warrants)
Exercise price of warrants: 10 cents
And subject to TSX Venture Exchange approval, Bayhorse Silver Inc. has increased and closed its non-brokered private placement from up to 10 million units at eight cents per unit, to 11,497,000 units for gross proceeds of $919,760. The proceeds of the financing are for the Bayhorse silver mine, for mill operations working capital, for full operating permit approval, that allows unlimited mining operations, and general and administrative expenses.
On September 03, 2021, Bayhorse Silver Inc. announced that the company has arranged, subject to TSX-V exchange approval, a non-brokered private placement for up to 12 million units at 13.5 cents per unit for gross proceeds of $1.62-million.
On August 31, 2021, Bayhorse Silver Inc. reported on underground drilling activity at its Bayhorse Silver Mine, Oregon, USA. The Company has established new drill stations inside the historic workings to enable the increase of its underground diamond drill program to a minimum 1,500 meters. Drilling will be conducted at multiple levels inside the current working along 1,000 feet of underground workings.
On August 24, 2021, Bayhorse Silver Inc.'s shares have begun trading on the OTCQB market under the symbol BHSIF, effective Aug. 24, 2021. The company has also received Depository Trust Company (DTC) eligibility in the United States.
On May 20, 2021, Bayhorse Silver Inc. released exploration results from preliminary drilling and sampling at the Bayhorse Silver Mine in United States. Bayhorse Silver samples up to 12.4 oz/t Ag at Bayhorse. Bayhorse Silver extends silver zone to south, uncovers significant stockpile of mined rock in upper historical stopes.
On April 26, 2021, Bayhorse Silver Inc. reported that it extends known strike of silver mineralization at Bayhorse Silver Mine, realizes over $1.8 million in warrant and stock option exercises to the Company.