94.7% Gold Recovery from RN Mine sample

Bayhorse Silver achieves from the Harrison Gold Project 

Bayhorse Silver has achieved 94.7% plus gold recovery from a composite quartz sample from the RN Mine Zone at the Harrison Gold Project, Harrison, BC. The Harrison Gold Project is permitted for drilling and bulk sampling. Three quartz samples totaling 82.18 kg were taken from the prominent gold-bearing quartz veins from the historically mined RN underground workings. The head grade of the samples was 13.2 g/t Au.

Historical reports indicate that a total of 642.82 tonnes (708.58 tons) of mined material was shipped from the RN Zone that contained 30,443 grams of gold (978.89 ounces), 11,000 grams silver (300 ounces) and 616 kilograms of copper. 

Mineralization at Harrison consists of free milling gold, with gold sizing from 0.2 to 2.0 mm sized grains, within quartz veins ranging from less than a cm to several tens of cm in width. 

Bayhorse CEO Graeme O'Neill comments, "Gold recovery from the metallic screen assays results from both the Jenner and RN underground workings confirm the work of Bear Mountain Gold Mines.

The gold is free milling and readily recoverable. Our goal with the upcoming drill program will be to confirm what is believed to be an extensive high-grade gold mineralized zone in the Easter Egg Zone, between the RN Mine and the Jenner underground workings." 

The Company announces an amendment, subject to TSX-V approval, of the previously announced private placement financings. The flow-through financing has been amended from 7,000,000 Units at $0.15 cents for gross proceeds of $1,050,000 to 9,000,000 Units at $0.125 for gross proceeds of $1,125,000. Each Unit will now consist of one common share and one transferable common share purchase warrant with each warrant exercisable into one common share of the Company at $0.20 per common share two years from the date of issuance.


 






 

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