ACRC announces signing a memorandum of understanding with Bayhorse Silver, INC
American Condor Resources Corporation (“ACRC” or the “Company”) announced today that it has signed a Memorandum of Understanding with Bayhorse Silver, Inc a TSX-V publicly listed Canadian Mining Company (“BHS”) to provide equity and debt financing as well as provide management and board representation through a series of staged investments.
Christopher Werner, ACRC President and CEO, stated “We have been active in exploration and continued acquisition of mining projects in Peru since 2013 and BHS offers ACRC an ideal opportunity to position ourselves in North America with our first in a series of planned investments into producing or near producing gold and silver company’s.”
About Bayhorse Silver Inc.:
Bayhorse Silver Inc., has a highly experienced team of mining engineers geologists and miners actively bringing its Bayhorse Silver Mine to production. Using a Steinert Ore-Sorter, they are marrying advanced technology with standard mining techniques to promote environmentally friendly and low cost mining. With an inferred resource of 292,300 short tons (Sep 2018) at an average grade of 21.65 troy ounces per ton (opt) silver (Ag) for total contained silver of 6,328,400 ounces. Bayhorse Silver Inc. is listed on the TSX Venture Exchange in Canada under the symbol TSX-V BHS, the Frankfurt Exchange, Germany, under the symbol 7KXN, and in the US under the symbol KXPLF.
ACRC is focused on advancing its precious and base metals business in Latin America and is also planning strategic North American corporate expansion. Please visit www.amcondor.com