- Bayhorse Silver (BHS) has announced that its new permanent processing facility in Idaho is scheduled for completion by the end of March
- The new facility will increase the company’s mineral concentrate production, allowing Bayhorse to execute an Offtake Agreement made with Ocean Partners, a UK-based trading company
- Bayhorse has also mobilized a new drill program to achieve production goals
- Bayhorse Silver Inc. is an exploration and production company with interest in the Bayhorse Silver Mine in Oregon and the Brandywine Mine in BC
- Bayhorse Silver (BHS) is steady with shares trading at C$0.18 per share, as of 2:56 pm ET
Bayhorse Silver (BHS) has announced that its new permanent processing facility in Idaho is scheduled for completion by the end of March.
The facility will be fully operational by mid-April, operating on a 24/7 basis to increase concentrate production.
In January, Bayhorse Silver announced the execution of an Offtake Agreement with Ocean Partners.
The agreement outlines the sale and delivery of 300 metric tonnes or 15 full container loads of silver and copper concentrate to Ocean.
Bayhorse Silver also recently purchased an underground drill rig which, along with the new facility, will increase production to meet the goals of the Offtake Agreement.
Graeme O’Neill, Bayhorse Silver CEO, attributes the company’s success this quarter to “the hard work and perseverance of our Bayhorse team, especially our miners, mine engineering, geological and metallurgical consultants.”
“We have diligently worked through both the obstacles and the significant limitations created by COVID shutdowns in 2020/2021 and the late winter weather, to complete milestone achievements for the company. The Offtake Agreement for silver/copper concentrate from the Bayhorse Silver Mine is the lynchpin, which together with the recent aggregate funding of C$2,152,000 has enabled us to achieve our final operational goals,” he says.
Bayhorse Silver plans to set aside 30,000 tonnes of high grade silver-rich mineralization for extraction to complete the first 300 metric tonnes of silver concentrate that will be sent to Ocean.
The company has also announced an exploration target of 200,000 to 250,000 tonnes of concentrate with a range of grades of 10 to 20 ounces per tonne.
However, these targets remain conceptual, and there is insufficient data at this time to define a mineral resource for the exploration target.
Bayhorse Silver Inc. is an exploration and production company with interest in the Bayhorse Silver Mine in Oregon and the Brandywine Mine in BC.
Bayhorse Silver (BHS) is steady with shares trading at C$0.18 per share, as of 2:56 pm ET.