Preparing to produce “critical” and “strategic” silver.
Bayhorse Silver has expended a modest US$10,000,000 in capital expenditures in developing the Bayhorse Silver Mine for near term production. Our return to operations is predicated on receipt of a Full Operating Permit from DOGAMI and the raising of sufficient capital to commence operations.
We plan to mine silver at our 100% controlled Bayhorse Silver Mine, Oregon, USA, from an inferred NI 43-101 compliant resource of 292,300 short tons at an average grade of 21.65 troy ounces per ton (opt) silver (Ag) for total contained silver of 6,328,400 ounces. The mineralized material contains significant amounts of copper (Cu), zinc (Zn) and antimony (Sb).
We have entered into an Offtake Agreement for the sale of our eventual silver/copper concentrate produced from the Bayhorse Silver Mine with Ocean Partners UK Limited.
Our focus is high-grade silver and critical minerals in a safe US jurisdiction.
Underground drilling around the high grade Big Dog stope and the low resistivity zones west of the workings is testing how far the Bayhorse deposit extends.
Drill approvals are in place at Pegasus, 5,000 feet from the mine in Idaho, for a minimum of five holes of up to 600 m (2,000 ft).
The Company is working with DOGAMI toward a Full Operating Permit. Its ore sorter and mill are on care and maintenance, ready for a later restart.
Bayhorse Silver Inc.
4628 Rumble Street
Burnaby, BC, Canada V5J 2A7
Telephone: +1 (604) 684-3394
Toll free: 1 (866) 399-6539
Email: [email protected]
Olympia Trust
Calgary, Alberta
Miller Thomson LLP
840 Howe Street, Suite 1000
Vancouver, BC, Canada V6Z 2M1
Telephone: +1 (604) 687-2242
Charlton & Co
555 Burrard Street
Vancouver, BC, Canada V7X 1M9
Telephone: +1 (604) 684-8464
