Marrying Technology With Mining
Bayhorse Silver has expended a modest US$10,000,000 in Capital Expenditures in developing the Bayhorse Silver Mine to becoming a producing mine, including the installation of our high-tech Ore-Sorter.
2022- August: The gold/silver ratio fell from its high of 131:1 in 2021, down to 72:1 and from $28/ounce down to $18.40, a huge 30% drop from May 2022. The price has recovered to $20.50 but with the current state of the money markets and significant inflation, all bets are as to where, and when, and even if, it will go back up to challenge $30 per ounce.
We have been planning mining silver at our 100% controlled Bayhorse Silver Mine, OR, USA, from an inferred NI-43-101 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) and zinc (Zn).
We remove unwanted waste rock from any mined material on-site using our state-of-the-art Steinert XRT Ore-Sorter, then it will be sent to our milling/gravity/flotation circuit into a targeted 10,000 – 20,000 gram/ton (480 to 640 oz/ton) concentrate, before shipping the final silver/copper concentrate.
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.
In the longer term we intend refining the concentrate into .9999 silver.
Doing this, we eliminate the need of shipping concentrate overseas, and save the substantial time and costs of using overseas smelters.
With Visible Gold showings grading 20.2 g/ton over 1.52 meters in core and a historic drill hole 28 meters away grading 1.52 meters at 37 g/ton, our recently optioned Brandywine, precious metals rich, volcanogenic massive sulphide project near Squamish, BC, Canada promises to be an exciting development story for Bayhorse. We are readying to drill the DP gold zone where there are already significant historic gold intersections to further develop the gold zone.