During this period, a substantial amount of silver mineralized material from the
The Company is focusing on two contact zones, the southern Big Dog contact zone, , and the northern node Goldilocks/Legend contact zone, where grades of 844 g/t (24.65 oz/t).were reported most recently in a drill intercept over 12 feet in the Company's news release, BHS2021-19.
The 'ore-sorted' mineralized material along with fines of mineralized material (under 8mm, which is the lower limit of the Ore-Sorter) are currently being transported to the newly upgraded Mill facility.
Both the Mine and Mill are designed to have a minimal environmental footprint through the use of Ore-Sorting.
The operation has an additional grinding Mill, providing a grind and regrind capacity to ensure an 80 micron grind size. This system was developed during testing during 2017-2020 at
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 Idaho DEQ minimum requirements for waste water disposal.
Upgrading the Mill facility to the current 50-60 ton/day capacity, that equates to an Ore-Sorted mining rate of up to 200 tons per day, enables the Company to fulfill the silver Offtake Agreement with
Bayhorse CEO
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.
Contact:
Tel: 604-684-3394
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