BAYHORSE COM MENCES MILLING OPERATIONS AT ITS NEW MILLING FACILITY FOR THE BAYHORSE SILVER MINE, OREGON, USA, Bayhorse Silver Inc, (BHS: TSX -V, BHSIF: OTCQB, 7KXN: FRANKFURT) (the “Company” or “Bayhorse”) announces that milling operations have commenced at the Company’s newly upgraded 50-60
Febuary 1, 2022 BHS2022-02
BAYHORSE COM MENCES MILLING OPERATIONS AT ITS NEW MILLING FACILITY FOR THE
BAYHORSE SILVER MINE, OREGON, USA,
Bayhorse Silver Inc, (BHS: TSX -V, BHSIF: OTCQB, 7KXN: FRANKFURT) (the “Company” or “Bayhorse”)
announces that milling operations have commenced at the Company’s newly upgraded 50-60
ton/day mill facility, Payette, Idaho, USA.
The silver and copper enriched pre-processed mineralized material from the Company’s
Steinert Ore-Sorter, from the Bayhorse Silver Mine, in nearby Oregon, is now being processed
into a highly enriched flotation concentrate. The s ilver and copper rich end product
concentrate will enable the Company to fulfill the S ilver Offtake Agreement with Ocean
Partners UK Limited (“Ocean”) for delivery of the first 300 tonnes of silver concentrate.
Both the Mine and Mill are designed to have a minimal environmental footprint through the use
of Ore-Sorting and material recycling.
The operation has an additional grinding m ill, providing a grind and regrind capacity to ensure
an optimal 80 micron grind size. This specification was developed during testing during 2017 -
2020 at Metsolve Metallurgical Laboratories of Langley, BC, Canada, in order to achieve
maximum recovery of mineralization.
In addition, the Company has added three stages of dewatering and fines recovery, as well as a
precipitation circuit to enable the tailings to be recycled into eco -blocks, and to reduce
dissolved contaminants to comply with the minimum requirements of the Idaho DEQ for waste
water disposal.
Bayhorse CEO Graeme O’Neill comments “ Despite the challenges provided by Government
covid restrictions during the past two years , our mining and milling teams, under the
leadership of our Mine Manager, Jon Farrel l, have persevered in completing the mill upgrading
and bring ing it back on- line to continue our processing capabilities in record time .” Graeme
also comments, “Based on our view of the long -term market trends, and current market
analysis and commentary, w e believe silver prices should continue to rise. I wish thank our
shareholders for the ir continuing support as we complete d the Bayhorse Mine and Mill
development.”
The Company is not basing any decision to produce on a feasibility study of mineral reserves
demonstrating economic and technical viability and advises there is an increased uncertainty
and specific economic and technical risk of failure with any production decision. These risks
include, but are not limited to, (i) a drop in price of commodities produced, namely silver,
copper, lead and zinc, from the pricing used to make a production decision; (ii) failure of grades
of the produced material to fall within the parameters used to make the production decision;
(iii) an increase in mining costs due to changes within the mine during development and
mining procedures; and (iv) metallurgical recovery changes that cannot be anticipated at the
time of production.
This News Release has been prepared on behalf of the Bayhorse Silver Inc. Board of Directors,
which accepts full responsibility for its content. Dr. Stewart Jackson, P.Geo., a Qualified Person and
Consultant to the Company has prepared, supervised the preparation of, and approved the technical
content of this press release.
On Behalf of the Board.
Graeme O'Neill, CEO
866-399-6539, 604-684-3394
About Bayhorse Silver Inc.
Bayhorse Silver Inc. is an exploration and production company with a 100% interest in the historic
Bayhorse Silver Mine located in Oregon, USA. With state of the art Steinert Ore -Sorting technology
reducing waste rock entering the processing stream by up to 85%, we have created a minimum
environmental impact facility capable of mining 200 tons of mineralization per day and the ability to
process and supply 3,600 tons per year of silver/copper concentrate ranging between 7,500 to 15,000
g/t using standard f lotation processing at its milling facility in nearby Payette County, Idaho, USA,
with an offtake agreement in place with Ocean Partners UK Limited. The Company also has an
option to acquire an 80% interest in the Brandywine high grade silver/gold property located in B.C.
Canada. The Company has an experienced management and technical team with extensive mining
expertise in both exploration and building mines.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.