Business
Bayhorse Silver Inc - Silver Off-Take Letter Of Intent With Refinery For Bayhorse Production
Vancouver, British Columbia--(Newsfile Corp. - August 15, 2017) - Bayhorse Silver Inc., (TSXV:...
About this update from Bayhorse Silver Inc.
[{"type":"text","content":"Bayhorse Silver Inc - Silver Off-Take Letter Of Intent With Refinery For Bayhorse ProductionVancouver, British Columbia--(Newsfile Corp. - August 15, 2017) - Bayhorse Silver Inc., (TSXV: BHS) (\"Bayhorse\" or the \"Company\") has signed a Letter of Intent (LOI) with Minerals Solutions LLC (Minerals) of Coeur D Alene Idaho, a Joint Venture between Liberty Refiners LLC (Liberty) of Hayden, Idaho and Irish Metals LLC (Irish) of Coeur D' Alene, Idaho. Under the LOI Bayhorse undertakes to provide to Minerals direct shipping material from the Bayhorse Silver Mine, Oregon, USA. Minerals will concentrate, process, refine and sell, or return refined silver to Bayhorse. Bayhorse has undertaken to provide direct shipping material, at a minimum 3,000 g/t Ag to Minerals, commencing October 1, 2017. Under the terms of the LOI, Bayhorse will provide Minerals with a minimum 1,000 kg direct shipping sample to establish the cost of processing that will form the basis for a formal processing agreement. Liberty has refined precious metals since 2008 and is currently the exclusive refiner for the Sunshine Mint. Michael Irish, of Irish Metals LLC, has been a consultant to the mining and recycle industries since 2014 and was the principal metallurgist at the development of the \"Sunshine Refinery part of Sunshine Mine Complex\" in Idaho's highly prolific \"Silver Valley\" and as such was instrumental in designing the silver recovery circuit.Together, they have developed a proven hydro-metallurgical process (the \"Process\") that recovers refined silver of .999 fineness from mill flotation, gravity, or direct shipping concentrate, eliminating the need for the smelter step. The process is particularly suited to tetrahedrite, the main silver bearing mineral prominent at the Bayhorse Silver Mine. Minerals is currently expanding its operation to increase the volume of concentrate it can process daily. Upon installation of the Steinert \"Ore-Sorter\" at the Bayhorse Mine, the Company will be producing two products. A direct shipping grade material of 3,000 g/t or better, and a lower grade flotation grade material. Minerals is evaluating processing options for the Bayhorse lesser grade material.Mr. Rick Hurt, of Liberty Refiners LLC has stated \"this process provides producers an alternative processing solution to offset the reduction in smelter capacity in ...