Saturn Minerals to Identify Final Drill Location on Bannock and Mobilizes Seismic Program to Little Swan Light Oil Prospect
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 27, 2015) - Bayhorse Silver Inc. (the "Company" or "Bayhorse") (TSX VENTURE:BHS) reports that Saturn Minerals Inc. ("Saturn"), the operator of the Little Swan light oil prospect in Saskatchewan in which the Company is farming on, announces it has completed its previously announced 2D seismic program over Petroleum Exploration Permit 72 (the "Bannock Creek Property") and that it has received final work permits to complete the seismic program on Petroleum Exploration Permit 71 (the "Little Swan Property").
Little Swan Technical Report
Saturn has retained GeoStrata Resources Inc. of Calgary to complete the seismic program and has mobilized a work crew to commence work on the Little Swan Property.
Acquisition of data using dynamite on the Bannock Creek Property entailed three (3) lines totaling 30 km. This program brings total 2D seismic data acquired on the Bannock Creek Property to-date to 60 km in six (6) separate lines.
Saturn reports it is currently incorporating this latest seismic data into its existing model to better map a significant target within the Red River / Winnipeg Formations. This structure was first identified in earlier seismic programs and has been the principle focus of all ensuing seismic work which is intended to establish closure and size leading to a drill target. The structure on the Bannock Creek Property is approximately 1,920 acres in size and compares well to the analogous fault bounded "Tyvan" Oil pool in T13 R13W2 producing from the Red River (Yeoman) and Winnipeg Sands.
Saturn states that the interpretation of this data will be completed by Shadow Energy Inc. and announced along with a final drill location in approximately two (2) weeks from this news release.
Chris Barton, P.Geo., is Saturn's Qualified Person under 51-101 standards who has reviewed and approved the technical content in Saturn's news release.
Bayhorse Silver Inc. is a junior exploration company that has entered into a Farm-In Agreement with Saturn Minerals to acquire a 25% interest in the Little Swan oil project, and is earning an 80% interest in its newly acquired historic Bayhorse Silver Mine that has the potential for a substantial silver discovery. It has a 100% interest in its three major high grade New Zealand gold prospects (Alexander River, Paparoa and Red Queen), in the highly prolific West Coast South Island gold fields of New Zealand, which offers investors the potential for a major gold discovery.
The Company has a 30% Net Profit Interest in the Flagstaff barite mine in Washington State, where work is currently in progress. The Company has an experienced management and technical team with extensive exploration expertise. This News Release has been prepared on behalf of the Bayhorse Silver Inc. Board of Directors, which accepts full responsibility for its contents.
On Behalf of the Board
Graeme O'Neill, President
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.