Business
Bayhorse Silver Ships High Grade Metallurgical Samples to Smelters and Refiners
Vancouver, British Columbia--(Newsfile Corp. - November 21, 2018) - Bayhorse Silver Inc. (TS...
About this update from Bayhorse Silver Inc.
[{"type":"text","content":"Bayhorse Silver Ships High Grade Metallurgical Samples to Smelters and RefinersVancouver, British Columbia--(Newsfile Corp. - November 21, 2018) - Bayhorse Silver Inc. (TSXV: BHS) (the \"Company\" or \"Bayhorse\") has shipped high grade metallurgical samples (166 opt Ag - 175 opt Ag), to identified smelters, as well as to Mineral Solutions LLC, (Minerals) of Coeur d' Alene, Idaho, to receive firm pricing for extracting and refining silver and other minerals from the Company's shipping grade concentrate processed through its Ore-Sorter. The Company will provide an update when results are received.The 8 kg (17lb) metallurgical samples shipped were reported in the Company's news release BHS2018-34, November 12, 2018. The samples, that graded 175.3 oz/t Ag (5,452.42 g/t), 166.6 oz/t Ag (5,175.60 g/t), and 169.7 oz/t Ag (5,278.25 g/t) respectively, were taken from a homogenous 50 kg underground channel sample from the Bayhorse Silver Mine.The Company has a Letter of Intent 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, to process a portion of its upgraded shipping material directly into pure refinery grade 4 X Nine silver. By grinding its upgraded shipping material to -80 mesh at the Mine, Bayhorse is better able to provide material that meets Minerals' specifications for refining. Upon receipt and acceptance of definitive terms, the Company will commence deliveries of upgraded shipping material to Minerals. Bayhorse CEO Graeme O'Neill comments: \"By upgrading the mineralization to shipping grade, the Company is able to reduce transportation costs per ounce, and minimize processing losses that inevitably occur during flotation concentration. This allows for reduced costs in the processing and smelting/refining options available to us as we upgrade our high grade silver bearing mineralization to shipping grade, and we minimize the 10% losses that normally occur during the flotation process. We are very proud to have developed the Bayhorse Silver Mine at a cost of $1.00 per inferred silver resource ounce.\" The Company is currently tramming over 1,200 tons of already extracted mineralization from the high grade Goldilocks zone, 1,100 feet inside the Bayhorse Silver Mine at the extreme weste...