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Bayhorse Silver (TSXV: BHS) Has commenced Crushing & Upgrading at its Bayhorse Silver Mine In Oregon

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In order to reduce the high costs of shipping lower grade material to refineries, Bayhorse Silver uses two technologies, Ore-Sorting and Dense Media Upgrading, which allows the company to substantially increase the grade of mineralization shipped, resulting in higher prices received per ton.

Additional Information:

Company: Bayhorse Silver Inc.
Website: http://www.bayhorsesilver.com
Stock Symbol: TSXV: BHS
Date Published: Mar 15, 2017
Transcript: Available

Video Transcript:

I’m Bethany Rae for Investmentpitch Media

Bayhorse Silver (TSXV:BHS) (OTCBB:KXPLF) (FSE:7KXN) has commenced crushing and upgrading operations at its Bayhorse Silver Mine in Oregon.

The Bayhorse Mine has a rich history with mining conducted intermittently since the early 1920’s, closing after the price of silver dropped below US$6 per ounce in late 1984.

According to the 1959 edition of “Minerals Production Yearbook”, reported historic production from the Bayhorse Mine totalled 286,000 ounces of silver from 8,300 tons of mineralization, for an average grade of 34.5 ounces per ton, or 1,183 grams per tonne silver.

Activity resumed in 1984, with Silver King Mines drilling 90 underground holes, totaling 15,000 feet.

Using a 6 ounce per ton cut off grade, Silver King mined 5,718 tons yielding an average of 16.7 ounces per ton, or 572 grams per tonne silver.

Historic records reported that 23% of this material graded between 21 and 100 ounces per ton, with 71% grading between 6 and 20 ounces per ton, and the balance grading less than 6 ounces per ton silver.

An average grade of 1% copper was also reported.

In order to reduce the high costs of shipping lower grade material to refineries, Bayhorse Silver uses two technologies, Ore-Sorting and Dense Media Upgrading, which allows the company to substantially increase the grade of mineralization shipped, resulting in higher prices received per ton.

The upgraded material will be stockpiled at the mine in 1,000 kilo or 2,200 pound supersacks, which will be individually assayed, with samples of both the material and assays submitted to potential buyers.

Management anticipates that up to 10,000 kilos of sacked, upgraded material will be available for shipping by the end of April 2017, which will be increased as upgrading operations ramp up.

In order to fine tune the Ore-Sorting equipment, 3 supersacks containing 3,000 kilos of crushed mineralization will be shipped to Steinert US, the global leader in separation technology solutions for the scrap, waste, recycling and mining industries.

Graeme O’Neill, President & CEO, stated: “Mines are made, not found, and few mineral prospects ever make it to the mining stage. At Bayhorse, we have reached a milestone and made a mine.”

Bayhorse is earning an 80% interest in the historic Bayhorse Silver mine in Oregon, and a 75% interest in the past producing Bridging the Gap Project, located in the highly prolific silver producing district of the “Silver Valley” in northern Idaho, adjacent to the Bunker Hill Mine.

The shares are trading at $0.14 and with 42 million shares outstanding, the company is capitalized at $5.9 million.

For more information, please visit the company’s website www.bayhorsesilver.com, contact Graeme O’Neill, President and CEO, at 604-684-3394 or email company@bayhorsesilver.com.

I’m Bethany Rae for Investmentpitch Media