Bayhorse has entered into a Letter of Intent with Mineral Solutions of Coeur d Alene, Idaho.
Under the LOI Bayhorse undertakes to provide to Minerals direct shipping material from the Bayhorse Silver Mine, Oregon, USA. Minerals will concentrate, process, refine and sell, or return refined silver to Bayhorse. The Mineralization at the Bayhorse Silver Mine is mainly a copper silver mineral called Tetrahedrite
Bayhorse has undertaken to provide direct shipping material, at a minimum 3,000 g/t Ag to Minerals. Under the terms of the LOI, Bayhorse will provide Minerals with a minimum 1,000 kg direct shipping sample to establish the cost of processing that will form the basis for a formal processing agreement.
Liberty has refined precious metals since 2008 and is currently the exclusive refiner for the Sunshine Mint. Michael Irish, of Irish Metals LLC, has been a consultant to the mining and recycle industries since 2014 and was the principal metallurgist at the development of the “Sunshine Refinery part of Sunshine Mine Complex” in Idaho’s highly prolific “Silver Valley” and as such was instrumental in designing the silver recovery circuit.
Together, they have developed a proven hydro-metallurgical process (the “Process”) that recovers refined silver of .999 fineness from mill flotation, gravity, or direct shipping concentrate, eliminating the need for the smelter step. The process is particularly suited to tetrahedrite, the main silver bearing mineral prominent at the Bayhorse Silver Mine. Minerals is currently expanding its operation to increase the volume of concentrate it can process daily.