Bayhorse Producing Initial Silver Concentrates
November 13, 2019 BHS2019-32
BAYHORSE PRODUCING INITIAL SILVER CONCENTRATES
Highlights:
• Commenced production of silver concentrates at its Bayhorse Silver Mine
• CEO is a featured speaker at the upcoming Mines & Technology Conference in London on
November 25th – 28th
• New working area planned for mining the Big Dog high grade silver zone
Bayhorse Silver Inc. (TSX-V: BHS) (the “Company” or “Bayhorse”) is pleased to announce that it
has completed commissioning and testing of the milling and concentrate circuit at its Bayhorse Silver
Mine, Oregon, USA , and has commenced production of both gra vity and flotation concentrate from
the Ore-Sorter pre-processed stockpile.
The initial processing step creates a pre-concentrate product from the X Ray Transmissive Ore-Sorter
that reduces the as- mined tonnage by up to 90%. Th is feeds a milling system that consists of a
crushing circuit, a regrind circuit, a gravity circuit and a frothing circuit, producing a silver
concentrate at minus 100 mesh.
The Company has planned a new 85- foot working drift into the South Big Dog high grade silver
zone. This will take three weeks from resumption of mining and provide another working face in the
near term in to high grade mineralization . This zone is 500 feet closer to the portal entrance, where
the crushing plant is located, thus reducing transportation costs and time . The new working drift will
also provide an additional escapeway from the mine, and will also increase cross flow ventilation
throughout the mine workings.
Bayhorse’s CEO, Graeme O’Neill, a featured speaker at the upcoming Mines & Technology
Conference in London on November 25 th – 28th on reducing mining costs using ore-sorting
technology comments, “We have built the Bayhorse Silver Mine into a producer of consistent silver
concentrate for a modest US$6.75 million. Initiation of mining in the very high-grade Big Dog South
Zone should allow the Company to rapidly recoup its capital investment”.
The Bayhorse Silver Mine can operate on a year-round basis in a low snowfall zone. Winterization at
the mine has been completed. Winter conditions are typically of short duration, with the harshest
conditions from late November to late January. Located just 14 miles off Interstate I -84, the mine is
accessed by all weather State and County roads, constantly plowed and de -iced. Winterization was
accomplished by insulating the milling /concentrate circuit zone, settling and dewatering tanks, and
flotation equipment, along with heat tracing all the water lines. The Company recycles water from
the concentration process and dewaters the tailings before underground disposal.
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 producti on 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.
Subject to the approval of the TSX Venture Exchange, the Company has settled $60,440 of debt
consisting of convertible debenture accrued interest and debt through the issuance of 711,056
common shares of the Company at a price of $0.085 per share, which was the closing price of the
Company's stock on the settlement date of November 12, 2019. Graeme O’Neill, the Company’s
CEO and director has converted the debt of $12,252 into 144,146 common shares of the Company. In
accordance with the TSX Venture Exchange rules, the shares issued are subject to a four month hold
period from the date of issuance.
This News Release has been prepared on behalf of the Bayhorse Silver Inc. Board of Directors,
which accepts full responsibility for its contents. 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
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 , and has optioned the Brandywine , precious metals
rich, volcanogenic massive sulp hide property located in B.C., Canada . The Company has an
experienced management and technical team with extensive mining expertise surrounding
exploration and building mines.
Neither the TSX Venture Exchange nor its Regulation Services Provid er (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.