Vancouver, British Columbia — January 7, 2026 — Leads & Copy — Bayhorse Silver Inc. (TSXV: BHS) (OTCQB: BHSIF) (FSE: 7KXN) has announced its work program for the first half of 2026, which includes completing the final Bayhorse Mine groundwater baseline study for the Full Mine Operating Permit application, conducting an approved, underground 25-ton “run of mine” metallurgical bulk sample, and conducting a 500-meter surface diamond drill program on identified mineralized shallow IP targets.
The company also plans to complete milling and floating the existing “sorted and upgraded” mine development material at its Payette, Idaho, flotation mill. Additionally, Bayhorse intends to conduct a full antimony leach pilot program on the current flotation concentrate and concentrate to be produced from the metallurgical bulk sample, selling the resultant antimony/gold leachate and the silver/copper/zinc balance.
Subject to the results of an extended IP survey over the western portion of the Bayhorse Mine claims, the company may conduct an up to approximately 1,000-meter underground drill program. The company said that depending on the results of the underground bulk sample, planned surface drilling, and underground drilling, it will upgrade the current NI-43-101 inferred silver resource and include antimony, copper, and zinc values.
Bayhorse CEO Graeme O’Neill, who will attend the January 2026 Vancouver Resource Investment Conference and the Cordilleran Roundup, noted that strong silver and gold prices have increased investor interest in the junior resource sector. He added that increased funding, including over $650,000 from warrant and option exercises, allows the company to expedite its 2026 work programs.
The initial phase involves completing the groundwater baseline study to finalize the Full Operating Permit Application for recommencing up to 200-ton/day underground mining operations at the Bayhorse Silver Mine. This requires installing groundwater testing pumps, conducting two independent groundwater tests with samples submitted to Pace Environmental Labs for geochemical analysis, and filing a baseline study report.
The second part of the program is conducting a limited bulk sample from three locations in the underground workings, to provide an approved 25 ton typical “run of mine” metallurgical mineral sample for processing. This sample will be geochemically sampled for assay, first, when taken from the mine. Next, after crushing to 25 mm (1 inch) minus in size, it will be screened into two portions, plus 8 mm and minus 8 mm. Each portion will be resampled and assayed for mineral content. The two portions will then be shipped to the Company’s permitted flotation mill located at Payette, Idaho, where the plus 8 mm will be passed through the Company’s 40 ton/hour Steinert Ore-Sorter, that will sort into two fractions, the Sorter Select, and the Sorter Reject.
The third part of the program is to conduct a minimum five surface drillholes to test four identified IP targets. These targets lie under the Mine access road and extend from 73 meters (240 ft) east of and up 130 m (426 ft) north of the NI 43-101 inferred resource area. The holes will be drilled each to a depth of 81 meters (265 ft). One of these targets was intersected by groundwater test well MW2, at a depth of between 22 meters and 33.5 meters (72 -110 ft) from surface with a 3 meter (10 ft) intersection of 1.5 meters (5 ft) grading an average of 1104 g/t (35.46 opt) silver and 1.5 meters (5 ft) averaging 770 g/t (23.12 opt) (BHS2025-12). This intersection lies at an elevation of 667 meters (2190 ft) above sea level (“ASL”) and 91 meters (300 ft) NE and 60 meters (200 ft ) lower than the historic, mined, Sunshine Stope at an elevation of 728 meters (2390 ft) ASL.
The fourth and fifth parts of the program consist of milling and floating the remaining “Ore-sorted” pre-concentrate mine development mineralization at the company’s mill; milling the “sorted” bulk sample pre-concentrate, to add to the existing float concentrate; and conducting a bulk “antimony leach” test, to confirm the 99.9% antimony leaching from the tetrahedrite float concentrate (BHS2025-32). The company said the intent is to confirm, under independent analysis, its prior assessment of the already floated concentrate from the development material that the range for antimony and copper is from 8 to 14%, and up to 18% zinc.
The company anticipates completing the majority of these objectives during the first half of 2026.
Mark Abrams, AIPG, a Qualified Person and Director of the Company has prepared, supervised the preparation of, or approved the technical content of this news release.
Graeme O’Neill is the CEO of Bayhorse Silver Inc.
Graeme O’Neill can be reached at 866-399-6539, 604-684-3394
Source: Bayhorse Silver Inc.
