Bayhorse Silver (BHS) is updating shareholders on the progress of the underground drilling operations at its Bayhorse Silver Mine.
The company has established new drill stations inside the historic workings, allowing its underground diamond drill program to increase to a minimum of 1,500 metres.
The historic Bayhorse Silver Mine is located in Oregon. The company owns a 100-per-cent interest in the project.
Drilling will be conducted at multiple levels inside the current working along 1,000 feet of underground workings.
Underground drill holes are typically between 60 to 100 feet in length. This requires moving the drill rig multiple times. The company is increasing the number of diamond drillers and drill stations so as to conduct a two-shift drilling operation.
To date, nine holes have been completed consisting of 750 feet of core that has been drilled to determine the north-south boundaries of the mineralized zone.
The company has extended the new Big Dog drilling stations drift an additional 50 feet to better conduct underground drill operations and to more safely access the south of the historic Big Dog Stope.
"We are very pleased to see the extensions of what has been shown as high grade silver mineralization, as we progress with our underground access and drilling. The southerly and westerly extensions are most encouraging," said Bayhorse CEO Graeme O'Neill.
The Vancouver-based company also has an option to acquire an 80-per-cent interest on the Brandywine, precious metals rich, volcanogenic massive sulphide property, located in British Columbia.
Bayhorse Silver is up 3.45 per cent, trading at $0.15 at 2:35 pm ET.