- Bayhorse Silver (OTCQB: BHSIF) plans an IP survey at its Pegasus Silver/Copper Project in Idaho.
- The survey targets epithermal silver, copper porphyry, and skarn mineralization with potential gold content.
- The Big Beautiful Bill (BBB) may provide fast-track permitting and tax incentives for Bayhorse Silver.
Bayhorse Silver Inc. (OTCQB: BHSIF) has confirmed the parameters for an upcoming Induced Polarization (IP) survey at its Pegasus Silver/Copper Project. Located 600 meters east of the Bayhorse Silver Mine in Idaho, this survey follows a successful VTEM survey and geological mapping that identified significant geophysical anomalies and copper oxide surface showings. The exploration is set to cover over one-third of the Pegasus property and aims to identify potential mineralization types, including epithermal high-grade silver, copper porphyry, and skarn-hosted mineralization with possible gold content.
Historical data from the nearby Bayhorse Silver Mine indicates gold grades of up to 10 g/t, providing an optimistic outlook for further exploration at the Pegasus site. The planned survey is expected to offer insights that could lead to the discovery of a second silver mine in this mining-friendly region.
Bayhorse is set to benefit from the recently passed Big Beautiful Bill (BBB), designed to expedite mining project permits and offer tax incentives for domestic mineral production. This legislation aligns with Bayhorse's strategic interests in Idaho, where the company operates a fully permitted processing facility.
CEO Graeme O'Neill emphasizes the potential benefits of the BBB, highlighting its role in fast-tracking the permitting process and expanding the list of critical minerals. Such advancements are poised to bring significant attention to the exploration and mining sector, offering Bayhorse Silver the opportunity for accelerated development and increased investment potential.
