01:58 PM EDT, 07/18/2024 (MT Newswires) -- Bayhorse Silver ( BHSIF ) on Thursday said it installed three groundwater test wells at the Bayhorse Silver Mine in Oregon, as the final part of its baseline studies required for the full Mine Operating Permit.

The three wells. two drilled to a depth of around 150 feet and a third at 750 feet, all intersected ground water at a depth of about 2080 feet above sea-level, tthe elevation of Idaho Power's Brownlee Hydro Reservoir that the Bayhorse Silver Mine is situated beside. Bayhorse also reports that the deepest test well confirmed silver-bearing rhyolite is present at depth and a minimum 600 feet west from the current underground workings.

The company also extended the expiry date of 12.75 million warrants from August 16, 2024 to August 16, 2027 with an exercise price of $0.10.

Bayhorse shares were last seen down $0.005 to $0.065 on the TSX Venture Exchange.

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