Bayhorse Silver receives $718,000 (U.S.) from rental

Executive Summary

• Bayhorse Silver installed its Steinert ore‑sorter at the 60 t/d Payette flotation mill after a 22‑month rental to Canadian Critical Minerals, generating approximately US$718 k in gross rental revenue.
• The sorter will be used for third‑party processing and to support future Bayhurst mine production once permitting is completed, with testing showing up to a 75 % reduction in waste tonnage.
• Metallurgical testing indicates the Bayhorse concentrate will contain 7,500–12,000 g/t Ag, 9–11 % Cu, 10–12 % Sb and 15–18 % Zn; the company is evaluating Allihies Engineering’s ASL leaching technology to extract antimony and other critical minerals.

Key Details

• Equipment Return & Installation – Steinert ore‑sorter returned from a 22‑month rental agreement with Canadian Critical Minerals Inc.; now installed at Bayhorse’s 60 t/d flotation mill in Payette, Idaho.
• Rental Revenue – Gross revenue of approximately US$718,000 earned by Critical Minerals during the rental period.
• Third‑Party Processing Intent – The sorter will be employed to process ore for external parties, generating additional cash flow while mine permitting is pending.
• Ore Sorter Performance – Testing demonstrated up to a 75 % reduction in mined tonnage by separating vein mineralization from host rock; historic grade distribution: 21 % of material >20 oz/t Ag, 73 % between 6–20 oz/t, 6 % <6 oz/t.
• Mineralization Characteristics – Primary commodity is tetrahedrite (Ag‑Cu‑Fe‑Zn‑Sb) with minor gold; historic reports indicated up to 10 g/t Au.
• Metallurgical Test Results (Metsolve Labs) – Expected concentrate composition: 7,500–12,000 g/t Ag, 9–11 % Cu, 10–12 % Sb, 15–18 % Zn.
• Critical Minerals Context – Silver, antimony, copper and zinc now classified as U.S. critical minerals; antimony concentrate (55 % Sb) quoted at US$8.51/lb on the Shanghai Metals Exchange.
• Leaching Technology Evaluation – Investigating Allihies Engineering’s proprietary ASL hydrometallurgical process, which reportedly achieves up to 99 % antimony recovery, compared with historic Sunshine mine leach recoveries of ~87 %.
• CEO Comment (Graeme O’Neill) – Emphasized research into “Sunshine” and Allihies leaching processes to maximize antimony extraction and enable downstream refining of Ag, Cu, Zn and Au.
• Technical Oversight – Mark Abrams, AIPG (qualified person & director), prepared and approved the technical content of the release.

Notable Quotes

“The company has conducted significant research into using the ‘Sunshine leaching process’ … however, Allihies confirms up to 99‑percent leaching recovery using its proprietary, selective industrial ASL hydrometallurgical technology.” – Graeme O’Neill, CEO, Bayhorse Silver Inc.