First Silver Pour For Bayhorse Silver

Excellent news from Bayhorse Silver, a Canadian company which has been working to re-open the Bayhorse Silver Mine in Oregon.

Here's the press release.

What is particularly interesting about this milestone event is that the entire mine including an ore sorter and the crushing capacity is in place. Plus, the silver is being extracted using a proprietary, non-smelting process developed by Coeur d Alene Idaho based Mineral Solutions. All of this means that Bayhorse has the capacity to ramp up production quickly and cost effectively.

Graeme O'Neill, CEO of Bayhorse, has been adamant from the beginning of the process of bringing the old Bayhorse mine into production that the mine had to make business sense. Optimizing the mining operation, streamlining the sorting and production flow and finding a refining solution relatively nearby were all part of that equation.

As it stands, the Bayhorse mine has a production capacity of 100 tons a day. Now that the first silver has been poured and the Mineral Solutions process proven up, Bayhorse will be working toward meeting that production target. 

Critically, the company has identified several areas of high grade rock and at least some bonanza grade mineralization. The various grades are being tested using the Mineral Solutions process. 

It is a pretty fair bet that in the next few months Bayhorse's mining operation will focus on high grade material and the ounces will keep stacking up.

At the moment Bayhorse is trading on the TSX Venture at $0.11. With the price of silver firming and the first pour in hand, Bayhorse is poised to go higher. Much higher.