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Last C$0.08 CAD
Change Today -0.005 / -5.88%
Volume 37.0K
BHS On Other Exchanges
As of 10:04 AM 04/1/15 All times are local (Market data is delayed by at least 15 minutes).

bayhorse silver inc (BHS) Snapshot

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04/3/14 - C$0.17
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10/31/14 - C$0.04
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bayhorse silver inc (BHS) Details

Bayhorse Silver Inc. engages in the acquisition, financing, and exploration of mineral properties. It primarily explores for gold, silver, and barite deposits. The company holds 100% interests in Alexander River, Paparoa, and Red Queen gold prospects located in the West Coast South Island gold fields of New Zealand; and a 30% net profit interest in the Flagstaff barite mine in the Washington State. It is also earning an 80% interest in the Bayhorse silver mine located in Baker County, Oregon. The company was formerly known as Kent Exploration Inc. and changed its name to Bayhorse Silver Inc. in December 2013. Bayhorse Silver Inc. was incorporated in 2004 and is headquartered in Vancouver, Canada.

Founded in 2004

bayhorse silver inc (BHS) Top Compensated Officers

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bayhorse silver inc (BHS) Key Developments

Bayhorse Silver Inc. Appoints Richard Jolk to its Technical Advisory Board

Bayhorse Silver Inc. announced that Dr. Richard Jolk, P.E., CMA, has consented to join the company's technical advisory board, where he joins Dr. Stewart Jackson, P.Geol. Dr. Jolk has a broad formal background in mine, process and environmental engineering.

Bayhorse Silver Inc. Enters into Farm in Agreement with Saturn Minerals

Bayhorse Silver Inc. has entered into an farm in agreement with Saturn Minerals Inc. whereby it can earn 50% of Saturn's interest in the 230,000 acre Little Swan ("LS") oil and gas prospect in Saskatchewan's "Northern Williston Basin". This region is one of the last highly accessible, on-shore frontier areas of North America for oil & gas. The Williston Basin is now generating over 1,000,000 barrels of light crude oil per day, and is projected to grow to 2,000,000 barrels a day as more oil wells are drilled. Saturn estimates that, based on the seismic knowledge gained to date, oil bearing systems may be found as deep as 1,200 meters. Drilling to that depth is estimated to cost $500,000 per vertical well, and neither fracking nor horizontal well development is anticipated. The Northern Williston Basin contains many of the same oil bearing formations that are located in the central and southern parts of the basin which are found in North Dakota and Montana, and since 2010, have been shown to host high TOC, oil-prone source rock, excellent reservoir rock and widespread cap rock of high integrity.

Saturn Minerals Executes LOI on Farm Out of Saskatchewan Williston Basin Little Swan Oil Property

Saturn Minerals Inc. announced that it has executed a Letter of Intent (LOI) with Bayhorse Silver Inc. whereby Bayhorse can earn 50% of Saturn's 50% interest in the 253,920 acre EP-71, the Little Swan oil & gas prospect (Little Swan) in Saskatchewan's northern Williston Basin. As per the terms of the LOI, Saturn and Bayhorse will enter into a Formal Agreement whereby Bayhorse will make equalization payments to Saturn totaling $600,000, issue 500,000 shares of Bayhorse to Saturn and assume Saturn's 2014-2015 seismic costs on Little Swan for $230,000 as per the following schedule: A $50,000 non-refundable deposit to Saturn upon execution of the LOI (received). An installment payment of $150,000 payable within 10 business days of the TSX Venture Exchange approval. Issue 500,000 shares of Bayhorse Silver Inc. to Saturn within 2 business days of TSX approval. An additional $200,000 payment on or before 90 days after TSX approval. A final $200,000 payment on or before 180 days after TSX approval. Assume $230,000 of Saturn's costs on the planned 2014-2015 seismic program, payable on or before January 30, 2015. The seismic program will be conducted and operated by Saturn. Other than lands converted by drilling into an oil lease, Bayhorse must participate as to 25% of all ongoing geological or geophysical expenditures on the Farm-in Lands or forfeit its interest.


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