Bayhorse Silver Inc. BHS: TSX-V (the “Company” or “Bayhorse“) will be exhibiting at Booth 201 at the upcoming Vancouver Resource Investment Conference (VCRIC) January 22-23, and invites shareholders and investors to meet the Company’s senior management and geological and engineering consultants, who will be in attendance.
At the Bayhorse Silver Mine, electrical power was connected on December 21st, 2016. Despite the continuing series of severe winter storms that have been sweeping across California and Oregon, that are expected to abate over the next week, commissioning of the crushing and upgrading equipment is proceeding. Once commissioning is complete, processing and upgrading of the already mined mineralized material can commence, and test shipments can be made.
Bayhorse CEO Graeme O’Neill comments “Silver prices, now at US$17/oz, appear to be recovering from the significant drop that occurred in November/December. Higher silver prices are positive for the Company’s prospects as we head into 2017.”
Steinert US, manufacturer of state-of–the-art Ore-Sorting equipment, has notified the Company that testing of the Bayhorse Mine run-of-mine samples was successfully completed on their equipment in early December, 2016. Steinert will be presenting the findings to the Company following the VCRIC.
All outstanding $0.10 warrants expiring January 20 have been exercised. Graeme O’Neill, a director and insider of the Company, has exercised 100,000 warrants at $0.15 cents. The Company advises that on February 7, 2017 a total of 500,000 outstanding warrants, exercisable at $0.15 cents are due to expire, and 500,000 are due to expire February 24, 2017.