# Bayhorse Silver - XRF Analysis of Bayhorse Silver Mine Flotation Concentrate Samples Shows Significant Contained Silver/Copper/Antimony/Zinc

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/bayhorse-silver-xrf-analysis-of-bayhorse-silver-mine-flotation-concentrate-sampl--03b79dcb-da56-41e4-b796-51c9b003ebe7

Original source: https://money.tmx.com/en/quote/BHS/news/4666657164394537/bayhorse-silver-xrf-analysis-of-bayhorse-silver-mine-flotation-concentrate-sampl

Publisher: tmx

Original announcement: 2025-10-20T14:09:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Bayhorse Silver Inc

- Ticker: BHS

- Exchange: TSX

- Region: Oregon, USA

- Primary commodity: Silver

- Secondary commodities: Copper, Antimony, Zinc, Lead

- Document categories: Metallurgy

- Extracted: 2026-09-13 14:52:30 UTC

Narrative sentiment: 0.40 · Bullish

## Minestarters Atlas summary

Bayhorse Silver conducted XRF field analysis on flotation concentrate samples from its Oregon mine, showing high grades of silver, copper, antimony, and zinc. The company is sending samples to Allihies Engineering for proprietary antimony leaching tests to evaluate potential pilot-scale processing.

Reasoning: XRF analysis of flotation concentrate shows high grades for Ag, Cu, Sb, and Zn, though results are unconfirmed by lab and the XRF unit was uncalibrated. The ore is noted as refractory.

- Positive factor: High grade concentrate results

- Positive factor: Potential for proprietary antimony leaching technology

- Negative factor: XRF results unconfirmed by lab

- Negative factor: XRF unit not recently calibrated

- Negative factor: Refractory ore complexity

- Negative factor: Samples not representative of run-of-mine material

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 5

## Classification and evidence

**Refractory Ore**

Polarity: negative

Definition: Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk.

Why it applies: The document explicitly states the dominant mineralization is refractory in nature.

Evidence · text

> is refractory in nature

**Bench Scale Only**

Polarity: negative

Definition: Only preliminary bench tests completed — no locked-cycle or pilot work.

Why it applies: The analysis was conducted using a field XRF unit on a 6.5kg sample, which is screening-level/preliminary.

Evidence · text

> field tested using the Company's Sci-Aps "X" series X-Ray Flourescence Unit \("XRF"\)

**Mill Route**

Polarity: neutral

Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\).

Why it applies: the document describes a flotation route \("flotation"\)

**Single Domain Only**

Polarity: negative

Definition: Testing limited to one composite or domain — representativeness not established.

Why it applies: only one composite was tested

## Extracted facts

Stored fact records: 5. Some facts used in scoring do not have a stored record.

## Metallurgical Results (5)

### Fact 1

[Link to this fact](https://atlas-extractions.minestarters.com/news/bayhorse-silver-xrf-analysis-of-bayhorse-silver-mine-flotation-concentrate-sampl--03b79dcb-da56-41e4-b796-51c9b003ebe7#fact-metallurgical-facts-0)

silver

#### Identity

- Commodity: silver
- Region: oregon, usa
- Reported Region: Oregon, USA
- Ticker: BHS

#### Test Work

- Sample: Average XRF field analysis of flotation concentrate samples

#### Recovery

- Head Grade: 135
- Head Grade Unit: oz/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-10-20T00:00:00.000Z

Reasoning: Average XRF grade of 135 oz/t Ag in concentrate.

- Positive factor: High grade intercept

- Negative factor: Unconfirmed by lab

- Negative factor: Uncalibrated XRF

Evidence · table

> 135

Context: 231

### Fact 2

[Link to this fact](https://atlas-extractions.minestarters.com/news/bayhorse-silver-xrf-analysis-of-bayhorse-silver-mine-flotation-concentrate-sampl--03b79dcb-da56-41e4-b796-51c9b003ebe7#fact-metallurgical-facts-1)

copper

#### Identity

- Commodity: copper
- Region: oregon, usa
- Reported Region: Oregon, USA
- Ticker: BHS

#### Test Work

- Sample: Average XRF field analysis of flotation concentrate samples

#### Recovery

- Head Grade: 20.6
- Head Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-10-20T00:00:00.000Z

Reasoning: Average XRF grade of 20.6% Cu in concentrate.

- Positive factor: High grade concentrate

- Negative factor: Unconfirmed by lab

Evidence · table

> 20.6%

Context: 135

### Fact 3

[Link to this fact](https://atlas-extractions.minestarters.com/news/bayhorse-silver-xrf-analysis-of-bayhorse-silver-mine-flotation-concentrate-sampl--03b79dcb-da56-41e4-b796-51c9b003ebe7#fact-metallurgical-facts-2)

antimony

#### Identity

- Commodity: antimony
- Region: oregon, usa
- Reported Region: Oregon, USA
- Ticker: BHS

#### Test Work

- Sample: Average XRF field analysis of flotation concentrate samples

#### Recovery

- Head Grade: 19.5
- Head Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-10-20T00:00:00.000Z

Reasoning: Average XRF grade of 19.5% Sb in concentrate.

- Positive factor: High grade concentrate

- Negative factor: Unconfirmed by lab

Evidence · table

> 19.5%

Context: 20.6%

### Fact 4

[Link to this fact](https://atlas-extractions.minestarters.com/news/bayhorse-silver-xrf-analysis-of-bayhorse-silver-mine-flotation-concentrate-sampl--03b79dcb-da56-41e4-b796-51c9b003ebe7#fact-metallurgical-facts-3)

zinc

#### Identity

- Commodity: zinc
- Region: oregon, usa
- Reported Region: Oregon, USA
- Ticker: BHS

#### Test Work

- Sample: Average XRF field analysis of flotation concentrate samples

#### Recovery

- Head Grade: 40.3
- Head Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-10-20T00:00:00.000Z

Reasoning: Average XRF grade of 40.3% Zn in concentrate.

- Positive factor: High grade concentrate

- Negative factor: Unconfirmed by lab

Evidence · table

> 40.3%

Context: 19.5%

### Fact 5

[Link to this fact](https://atlas-extractions.minestarters.com/news/bayhorse-silver-xrf-analysis-of-bayhorse-silver-mine-flotation-concentrate-sampl--03b79dcb-da56-41e4-b796-51c9b003ebe7#fact-metallurgical-facts-4)

lead

#### Identity

- Commodity: lead
- Region: oregon, usa
- Reported Region: Oregon, USA
- Ticker: BHS

#### Test Work

- Sample: Average XRF field analysis of flotation concentrate samples

#### Recovery

- Head Grade: 1.6
- Head Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-10-20T00:00:00.000Z

Reasoning: Average XRF grade of 1.6% Pb in concentrate.

- Negative factor: Unconfirmed by lab

Evidence · table

> 1.6%

Context: 40.3%

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.
