Bayhorse Silver Announces Initial 2026 Work Program Objectives

Executive Summary

• Bayhorse Silver Inc. outlines an extensive first‑half‑2026 work program that includes groundwater baseline studies, a 25‑ton underground bulk sample, a 500 m surface diamond drill campaign on four shallow IP targets, milling and flotation of existing material at its Payette, Idaho mill, and a full antimony leach pilot.
• The program aims to upgrade the NI 43‑101 inferred silver resource (292,300 t @ 21.65 opt) by incorporating antimony, copper and zinc values, contingent on drilling and metallurgical results.
• The company has recently raised over $650,000 from warrant/option exercises, providing funding to accelerate the outlined activities.

Key Details

• Groundwater Baseline Study: Installation of testing pumps, two independent groundwater tests, sample analysis by Pace Environmental Labs, and filing of a baseline report for the Full Mine Operating Permit application.
• Underground Bulk Sample: Approved 25‑ton “run‑of‑mine” metallurgical bulk sample to be crushed, screened (plus 8 mm & minus 8 mm), and processed at the Payette flotation mill using a 40 t/h Steinert Ore‑Sorter; results will determine upgrade potential and ARD characteristics of reject material.
• Surface Diamond Drilling: Up to five drill holes targeting four shallow IP zones under the mine access road, each ~81 m deep (total ≈500 m). One previously intersected target showed 1.5 m @ 1104 g/t Ag (35.46 opt) and 1.5 m @ 770 g/t Ag (23.12 opt).
• Milling & Flotation: Completion of milling and flotation of existing “sorted and upgraded” development material at the Payette mill; integration of bulk‑sample concentrate into float stream.
• Antimony Leach Pilot: Full leach test on flotation concentrate to confirm 99.9 % antimony recovery; anticipated co‑recovery of gold, silver, copper (8–14 %) and zinc (up to 18 %).
• Potential Resource Upgrade: Conditional upgrade of the NI 43‑101 inferred resource to include antimony, copper and zinc values based on outcomes of underground drilling, surface drilling, and bulk‑sample metallurgical testing.
• Funding: Over $650,000 raised from recent warrant and option exercises, providing capital for accelerated execution of the 2026 work program.
• Leadership Presence: CEO Graeme O’Neill will attend the January 2026 Vancouver Resource Investment Conference and the Cordilleran Roundup, underscoring investor interest driven by strong silver and gold prices.

Notable Quotes

“The recent strong prices in silver and gold have significantly increased investor interest in the entire junior resource sector…more funding has become available to the Company, which lately has received in excess of $650,000 from the exercise of warrants and options, that allows us to move our 2026 work programs forward more quickly.” – Graeme O’Neill, CEO, Bayhorse Silver Inc.