Northwire Canada EditionFriday, November 6, 2026
Sign inSubscribe
Northwire
⌕
Gold 4,069.00 −1.1% Silver 51.93 −0.8% Copper 6.27 +0.0% Oil 90.30 −0.2% Palladium 1,016.50 −2.6% HBM 29.69 +3.0% ELEF 0.250 +108.3% MUN 0.300 +0.0% SAGA 0.385 +2.7% GHL 0.060 +0.0% REVX 1.30 +17.1% AMX 3.66 +3.7% TSG 0.185 −17.8% EVI 0.390 +2.6% AGA 0.460 +3.4% BNKR 2.66 +0.8% SURG 0.425 +3.7% AEMC 0.040 +0.0% LUXR 0.110 +0.0% RGC 0.400 −2.4% TOM 0.100 +0.0% Gold 4,069.00 −1.1% Silver 51.93 −0.8% Copper 6.27 +0.0% Oil 90.30 −0.2% Palladium 1,016.50 −2.6% HBM 29.69 +3.0% ELEF 0.250 +108.3% MUN 0.300 +0.0% SAGA 0.385 +2.7% GHL 0.060 +0.0% REVX 1.30 +17.1% AMX 3.66 +3.7% TSG 0.185 −17.8% EVI 0.390 +2.6% AGA 0.460 +3.4% BNKR 2.66 +0.8% SURG 0.425 +3.7% AEMC 0.040 +0.0% LUXR 0.110 +0.0% RGC 0.400 −2.4% TOM 0.100 +0.0%
Drill Results Routine +

Bayhorse Silver Underground Drilling Operations Update

Bayhorse Silver Commences Underground Drilling Amidst Dilutive Financing and Price Correction

By The Northwire Desk — AI Analysis May 28, 2026 · 09:30 BHS · 0.04 Bayhorse Silver Inc.
Executive Summary
  • Bayhorse Silver Inc. announces the completion of underground drilling preparations and commencement of a 2,000 m first phase diamond drilling program at the Bayhorse Silver Mine starting June 1, 2026.
  • The initial six drill holes target the CR-2 IP anomaly to confirm high-grade silver bearing tetrahedrite mineralization extending beyond the existing NI 43-101 inferred resource area.
  • A second stage of the drill program is planned for CR-1 and CR-3 anomalies, supported by assay data from groundwater test well MW2 indicating potential high-grade intersections (averaging 1,104 g/t silver).
  • Drill station location utilizes previous underground drill station used for hole DD2024-01; concrete pad and sump installed to support a minimum of 13 diamond holes.
  • Primary target CR-2 IP anomaly indicates 76 m width located between 350 to 600 feet south of the drill station.
  • Secondary targets include 7 additional drill holes planned to the east (between 60 and 121 m east of, and 43-60 m below the 2018 inferred resource area).
  • Current NI 43-101 inferred resource stands at 292,300 tons at a grade of 21.65 opt (673 g/t) for 6.3 million ounces of silver.
Material Impact
  • The news represents execution of the previously announced mobilization plan from March 11, 2026, and follows the closing of the C$4.1M financing on April 29, 2026.
  • As a follow-up to prior announcements regarding drilling mobilization and funding, this is considered incremental progress rather than a fundamental shift in valuation or discovery.
  • The market has already priced in the financing dilution (units sold at C$0.07 vs current price of $0.04), suggesting limited immediate upside from operational updates alone without assay results.
  • No new strategic investors or major capital commitments beyond the previously announced offering are disclosed, limiting the "Game Changer" potential.
  • The confirmation of drilling commencement validates management's ability to execute on funded plans but does not guarantee resource expansion until assays are released.
BHS · Price
Company Overview
  • Company: Bayhorse Silver Inc., focused on the development of the Bayhorse Silver Mine in Oregon, USA.
  • Flagship Project: Bayhorse Silver Mine (Oregon) and adjacent Pegasus Porphyry Copper Project (Idaho).
  • Development Stage: Exploration/Pre-feasibility; Operating Permit Application pending for full-scale mining operations.
  • Mineralization: Dominantly tetrahedrite containing silver, copper, antimony, zinc, and minor gold; classified as critical and strategic minerals in the United States.
  • Infrastructure: 700 ft of new haulageway, 500 ft of drifts, Steinert XRT100 ore-sorter (40 ft/h capacity), and a permitted 50 ft/d flotation mill in Payette, Idaho.
Read the original news release →

More from Bayhorse Silver Inc.

Oct 19, 2026 · 10:30

Bayhorse expands its breccia footprint at the project, though zero assays provide no tradeable grade or width data.

Drill Results Sep 09, 2026 · 09:00

Bayhorse Silver remains in pre-revenue limbo as wildfire delays and permitting hurdles continue to stall development at its silver projects.

Production / Operations Jul 28, 2026 · 14:13

Bayhorse resumes drilling at its Oregon silver project after a wildfire was contained with no damage to operations.

Production / Operations Jul 27, 2026 · 18:15

Bayhorse Silver Underground Drilling Operations Suspended Due to Wildfires

Production / Operations Apr 29, 2026 · 11:58

Dilution Risk Outweighs Operational Progress as Cash Burn Continues

Financings Apr 14, 2026 · 07:15

Bayhorse Silver Raises $4M Amidst Permitting Push; Dilution Concerns Weigh on Shares

Financings