Bayhorse Silver's Steinert Ore-Sorter Arrives in Oregon, with Installation and Training Scheduled to Start at a Mine Site - Video Available
Vancouver, October 25, 2017 - Bayhorse Silver's (TSXV: BHS) (OTC: KXPLF) (FSE: 7KXN) recently acquired Steinert Ore-Sorter has arrived in Portland, Oregon. The last stage of its journey from Germany is a 280-mile trip by truck to the company's 80% owned Bayhorse Silver Mine, located in Oregon. InvestmentPitch.com has produced a "video" which discusses this news. If this link is not enabled, please visit www.InvestmentPitch.com and enter "Bayhorse" in the search box.
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Installation and commissioning of the Ore-Sorter, and training of operating personnel will commence upon arrival of the equipment, utilizing silver-bearing mineralized material from the Legend and Sunshine Zones within the mine, which has been stockpiled in preparation for immediate testing and operation.
The mineralized Legend Zone was recently discovered 50 feet below the Sunshine Zone, approximately 160 feet inside the main adit. As the company continues to develop the Legend Zone, additional material is being stockpiled for processing.
Graeme O'Neill, President & CEO, stated: "The Ore-Sorter will employ state of the art sensing and sorting technology to separate mineralized from non-mineralized material and allow the company to create direct-shipping material for processing by Metals Solutions at Coeur D'Alene, Idaho."
Mineral Solutions will concentrate, process, refine and sell the refined silver on behalf of Bayhorse, with Bayhorse retaining the option to take delivery of the refined silver. Mineral Solutions is a joint venture between Liberty Refiners, currently the exclusive refinery for the Sunshine Mint, and Irish Metals.
Previous tests of this type of equipment, which has a sorting capacity of up to 40 tons per hour, effectively selected mineralized material containing more than 2.5 ounces per ton silver, while rejecting up to 86% of the non-mineralized material along with mineralized material containing less than 2.5 ounces per ton silver.
Chip, channel, and grab samples from the 50-foot wide mineralized zone have been submitted for assay.
Bayhorse is also earning a 75% interest in the past producing Bridging the Gap Project, in Idaho's Silver Valley.
The shares are trading at $0.19 and with 59.4 million shares outstanding, the company is capitalized at $11.3 million.
For more information, please visit the company's website www.bayhorsesilver.com, contact Graeme O'Neill, President and CEO, at 604-684-3394 or email company@bayhorsesilver.com.
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