Bayhorse Silver Inc. Sets Course for Pegasus Project Exploration

In a strategic move that underscores its commitment to expanding its silver and copper exploration portfolio, Bayhorse Silver Inc. has confirmed the parameters for an upcoming Induced Polarization (IP) survey at its Pegasus Silver/Copper Project. This development comes as the company continues to leverage its expertise in the metals and mining sector, operating out of Burnaby, Canada, and listed on the TSX Venture Exchange.

The Pegasus Project, situated a mere 600 meters east of the Bayhorse Silver Mine in Idaho, is poised to be a focal point for Bayhorse’s exploration efforts. The decision to proceed with the IP survey follows a comprehensive review by the company’s geological consultants and SJ Geophysics, highlighting the project’s potential to significantly bolster Bayhorse’s asset base.

Strategic Exploration Initiatives

The upcoming IP survey is designed to cover over one-third of the Pegasus property, targeting three distinct types of mineralization: epithermal high-grade silver extension, copper porphyry, and skarn-hosted mineralization with potential gold content. This targeted approach is informed by previous geophysical anomalies and copper oxide surface showings identified through a VTEM Survey and geological mapping program.

Historical data from the adjacent Bayhorse Silver Mine, which has shown up to 10 grams per tonne of gold, further underscores the potential of the Pegasus Project. The strategic exploration initiatives at Pegasus are not only aimed at expanding Bayhorse’s silver and copper reserves but also at tapping into the gold potential that could significantly enhance the project’s value.

Economic and Legislative Context

Bayhorse Silver Inc. has also highlighted the potential benefits from President Trump’s recently passed Big Beautiful Bill (BBB), which could provide additional economic incentives for mining and exploration activities. This legislative backdrop, coupled with the company’s strategic exploration initiatives, positions Bayhorse Silver Inc. to capitalize on both the geological potential of the Pegasus Project and favorable economic conditions.

Market Position and Outlook

Despite a challenging market environment, as reflected in Bayhorse’s close price of 0.04 CAD on July 9, 2025, and a negative price-earnings ratio of -2.62, the company’s strategic focus on exploration and development projects like Pegasus could pave the way for future growth. With a market capitalization of 12,750,000 CAD, Bayhorse Silver Inc. remains committed to leveraging its expertise in the metals and mining sector to unlock value for its stakeholders.

As Bayhorse Silver Inc. moves forward with the IP survey at the Pegasus Silver/Copper Project, the company’s strategic initiatives and the potential legislative benefits underscore a forward-looking perspective. Stakeholders and industry observers will be keenly watching the outcomes of these exploration efforts, which could significantly impact Bayhorse’s trajectory in the metals and mining sector.