Bayhorse Silver (TSXV: BHS; US-OTC: KXPLF) is sampling and surveying its historic Bayhorse silver mine in Oregon as it prepares to release a new technical report on the project.
The company is currently sampling 167 metres from the western end of the mine’s underground workings. So far it has taken 60 channel samples over 60 metres. The company has access to historic mine plans, and aims to confirm the location of the mineralized zones. It says it will follow that up by sampling another 167 metres.
The company is also trying to confirm the thickness of the mineralized zones, which it says has been reported as averaging 6 metres thick. It’s cutting long holes at 1 metre intervals to test the thickness.
The company is working toward a National Instrument 43-101 technical report that it says will provide a model for the mineralization at the western end of the mine. The company has said it will not produce a feasibility study before making a production decision.
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