Bayhorse Receives First Payment for Ore-Sorter Rental to Canadian Critical Minerals Inc

Rhea-AI Summary

Bayhorse Silver Inc (BHS) Receives First Payment from Canadian Critical Minerals for Rental of Ore-Sorter, Grants 1,400,000 Incentive Stock Options, and Reviews Significant Mineral Discovery - CEO Comments on Trading Volume Increase

Positive

• Received first payment from Canadian Critical Minerals for rental of Ore-Sorter
• Effective technology for reducing milling operating costs
• Reviewing significant mineral discovery near Bayhorse Silver Mine
• Granting 1,400,000 incentive stock options

Negative

• None.

Vancouver, British Columbia--(Newsfile Corp. - November 9, 2023) - Bayhorse Silver Inc, (TSXV: BHS) (OTCQB: BHSIF) (FSE: 7KXN) (the "Company" or "Bayhorse") reports that it received the first payment from the Agreement with Canadian Critical Minerals ("CCMI") (dated October 17, 2023), to rent its Steinert KSS100 Ore-Sorter to allow CCMI to upgrade their approximately 180,000 ton run of mine mineralized stockpile at its Bull River Mine, near Cranbrook, BC.

Bayhorse has operated its Ore-Sorter effectively since 2018 to increase grade and reduce the volume of mineralized material for processing at its Bayhorse Silver Mine flotation mill, Payette, Idaho, thus reducing mill operating costs. The Steinert X-Ray Transmissive Ore-Sorter has proven to be a very effective technology for reducing milling operating costs by reducing waste rock from the mineralized processing stream.

Bayhorse CEO, Graeme O'Neill, comments: "the Company's geological consultants are reviewing the significant mineral discovery 28 miles north-northwest of the Bayhorse Silver Mine in Idaho, recently announced by Hercules Silver, that he believes is related to the recent increase in trading volume of Bayhorse."

The Company has granted 1,400,000 incentive stock options to Officers, Directors, Consultants and Employees that fully vest on the date of grant and are exercisable at an exercise price of $0.05 per common share on or before November 10, 2025.

This News Release has been prepared on behalf of the Bayhorse Silver Inc. Board of Directors, which accepts full responsibility for its content.

On Behalf of the Board.

Graeme O'Neill, CEO
866-399-6539

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/antimony concentrate ranging between 7,500 to 15,000 g/t using standard flotation 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/186780

FAQ

What is the news about Bayhorse Silver Inc (BHS)?

Bayhorse Silver Inc received the first payment from Canadian Critical Minerals for the rental of its Ore-Sorter and granted 1,400,000 incentive stock options.

What technology has Bayhorse Silver Inc been using to reduce milling operating costs?

Bayhorse Silver Inc has been using the Steinert X-Ray Transmissive Ore-Sorter to reduce waste rock from the mineralized processing stream.

What is the CEO's comment about a significant mineral discovery near Bayhorse Silver Mine?

The CEO mentioned that the company's geological consultants are reviewing a significant mineral discovery near the Bayhorse Silver Mine, believed to be related to the recent increase in trading volume of Bayhorse.

How many incentive stock options has Bayhorse Silver Inc granted?

Bayhorse Silver Inc has granted 1,400,000 incentive stock options to Officers, Directors, Consultants, and Employees.

What is the contact number for Bayhorse Silver Inc?

You can contact Bayhorse Silver Inc at 866-399-6539.