VANCOUVER, British Columbia -- (Business Wire)
Telson Mining Corporation (“Telson” or the “Company” (TSX-V, OTC
Pink-SOHFF, Frankfurt-TSGN (formerly SQ82)) is pleased to once again
report significant channel sample assay results from underground mine
development at it’s Tahuehueto Project, a 1,000 tonne per day gold mine
currently in construction development. Ongoing sampling during
underground development continues to return results that verify the
reserves and resources within the geological model and demonstrate the
high quality of the gold mineralizing system at Tahuehueto.
Highlights
Width (m) |
|
| Assays | |
|
| Au g/t |
|
| Ag g/t |
|
| Cu % |
|
| Pb % |
|
| Zn % |
|
| AuEq g/t | |
2.70
|
|
|
7.87
|
|
|
76
|
|
|
0.55
|
|
|
3.70
|
|
|
12.11
|
|
|
19.07
| |
3.45
|
|
|
7.28
|
|
|
83
|
|
|
0.56
|
|
|
5.79
|
|
|
13.92
|
|
|
20.80
| |
2.60
|
|
|
8.25
|
|
|
61
|
|
|
0.36
|
|
|
3.14
|
|
|
6.81
|
|
|
15.40
| |
3.07
|
|
|
9.34
|
|
|
69
|
|
|
0.73
|
|
|
2.07
|
|
|
5.53
|
|
|
15.81
| |
2.49
|
|
|
6.98
|
|
|
80
|
|
|
0.45
|
|
|
4.28
|
|
|
5.68
|
|
|
14.39
| |
1.74
|
|
|
12.55
|
|
|
248
|
|
|
0.75
|
|
|
5.98
|
|
|
8.64
|
|
|
25.12
| |
The above assay intervals are the weighted average results from several
samples across one channel sample line. Individual samples for each
channel line can be viewed in the full table below
Gold Equivalent Calculation: - Metal prices used in US$ – Au $1,204,
Ag $14.20, Cu $2.80/lb, Pb $0.91/lb, Zn $1.09/lb
Formulas: 1st calculate a metal factor: for base metals (gold
price/31.1 g/Troy oz)/ (base metal price*2.2kg/lb*10) = Base Metal
Factor.For Silver Metal Factor = gold price/silver price.
AuEq grade = Gold grade + (Ag grade/Ag Factor) + (Cu grade/Cu Factor)
+ (Pb grade/ Pb Factor)+ (Zn grade/Zn factor).Investors are
cautioned that gold equivalent values fluctuate with metal prices, are
in-situ and will not be fully recoverable due to mining dilution, metal
recovery loss during processing and final selling terms.
All the above samples were submitted to SGS De Mexico. S.A. de C.V.
independent laboratory located in Durango city Mexico. Assay methods
utilized were GE_FAA313 and GE_ICP14B for gold and silver respectively
with over-limits followed up with GO_FAG303, Multi-element GE_ICP14B for
lead and zinc with over-limits assayed with GO_ICP90Q. Additional detail
on assay methodology used can be found on SGS website at https://www.sgs.mx/en/mining
Sample |
|
| Lab Certificate |
|
|
Width |
|
| Assays | |
|
|
|
|
|
| Au g/t |
|
| Ag g/t |
|
| Cu % |
|
| Pb % |
|
| Zn % |
|
| AuEq g/t | |
2865
| | |
DU41662
| | |
0.90
| | |
0.05
|
|
|
3
|
|
|
0.00
|
|
|
0.18
|
|
|
0.63
|
|
|
0.57
| |
2866
| | |
DU41662
| | |
0.90
| | | 9.81 | | | 111 | | |
0.60
| | | 6.72 | | | 12.30 | | | 23.19 | |
2867
|
|
|
DU41662
|
|
|
0.80
|
|
| 15.73 |
|
|
69
|
|
|
0.50
|
|
|
2.43
|
|
| 7.59 |
|
| 23.31 | |
Total |
|
| 2.60 |
|
| 8.25 |
|
| 61 |
|
| 0.36 |
|
| 3.14 |
|
| 6.81 |
|
| 15.40 | |
2868
| | |
DU41662
| | |
0.87
| | |
1.47
| | |
74
| | |
0.19
| | |
1.02
| | |
4.59
| | |
6.02
| |
2869
| | |
DU41662
| | |
1.15
| | |
2.08
| | |
99
| | |
0.72
| | | 4.63 | | | 10.30 | | | 13.18 | |
2870
|
|
|
DU41662
|
|
|
0.86
|
|
| 11.36 |
|
| 157 |
|
|
0.31
|
|
|
2.20
|
|
|
3.87
|
|
| 17.24 | |
Total |
|
| 2.88 |
|
| 4.67 |
|
| 109 |
|
| 0.44 |
|
| 2.81 |
|
| 6.66 |
|
| 12.23 | |
2871
| | |
DU41662
| | |
0.65
| | | 7.22 | | |
81
| | |
0.55
| | | 4.45 | | | 10.30 | | | 17.75 | |
2872
| | |
DU41662
| | |
0.90
| | | 9.17 | | | 130 | | |
0.72
| | | 9.12 | | | 11.50 | | | 23.71 | |
2873
| | |
DU41662
| | |
1.00
| | |
0.49
| | |
58
| | |
0.59
| | |
2.26
| | | 5.06 | | |
6.43
| |
2874
|
|
|
DU41662
|
|
|
0.90
|
|
| 12.97 |
|
|
65
|
|
|
0.39
|
|
| 7.35 |
|
| 28.80 |
|
| 36.05 | |
Total |
|
| 3.45 |
|
| 7.28 |
|
| 83 |
|
| 0.56 |
|
| 5.79 |
|
| 13.92 |
|
| 20.80 | |
2875
| | |
DU41662
| | |
0.60
| | |
0.61
| | |
50
| | |
0.26
| | |
2.13
| | |
3.25
| | |
4.73
| |
2876
| | |
DU41662
| | |
0.83
| | | 10.08 | | |
80
| | |
0.61
| | |
3.28
| | | 11.50 | | | 20.83 | |
2877
|
|
|
DU41662
|
|
|
1.27
|
|
| 9.85 |
|
|
85
|
|
|
0.64
|
|
| 4.71 |
|
| 16.70 |
|
| 24.68 | |
Total |
|
| 2.70 |
|
| 7.87 |
|
| 76 |
|
| 0.55 |
|
| 3.70 |
|
| 12.11 |
|
| 19.07 | |
2878
| | |
DU41662
| | |
0.80
| | |
1.58
| | |
34
| | |
0.17
| | |
1.66
| | |
2.99
| | |
4.97
| |
2879
| | |
DU41662
| | |
1.40
| | |
3.65
| | |
59
| | |
0.42
| | |
1.57
| | |
2.71
| | |
7.51
| |
2880
|
|
|
DU41662
|
|
|
0.90
|
|
| 9.61 |
|
| 104 |
|
|
0.76
|
|
| 13.10 |
|
| 15.60 |
|
| 28.52 | |
Total |
|
| 3.10 |
|
| 4.85 |
|
| 66 |
|
| 0.45 |
|
| 4.94 |
|
| 6.52 |
|
| 12.95 | |
2881
| | |
DU41662
| | |
0.80
| | |
3.75
| | |
52
| | |
0.35
| | |
1.05
| | |
4.89
| | |
8.50
| |
2882
| | |
DU41662
| | |
0.87
| | |
2.69
| | |
71
| | |
0.58
| | |
2.95
| | |
4.40
| | |
8.71
| |
2883
|
|
|
DU41662
|
|
|
1.40
|
|
| 16.66 |
|
|
78
|
|
|
1.03
|
|
|
2.11
|
|
| 6.59 |
|
| 24.40 | |
Total |
|
| 3.07 |
|
| 9.34 |
|
| 69 |
|
| 0.73 |
|
| 2.07 |
|
| 5.53 |
|
| 15.81 | |
2884
| | |
DU41662
| | |
0.70
| | |
2.36
| | |
7
| | |
0.06
| | |
0.08
| | |
0.37
| | |
2.81
| |
2885
| | |
DU41662
| | |
0.66
| | |
1.68
| | |
15
| | |
0.09
| | |
0.52
| | |
1.56
| | |
3.24
| |
2886
|
|
|
DU41662
|
|
|
1.16
|
|
| 7.87 |
|
|
70
|
|
|
0.48
|
|
|
1.98
|
|
|
4.17
|
|
| 13.07 | |
Total |
|
| 2.52 |
|
| 4.72 |
|
| 38 |
|
| 0.26 |
|
| 1.07 |
|
| 2.43 |
|
| 7.65 | |
2887
| | |
DU41662
| | |
0.83
| | | 8.91 | | |
54
| | |
0.34
| | |
2.73
| | |
2.59
| | | 13.11 | |
2888
| | |
DU41662
| | |
0.90
| | |
3.97
| | |
78
| | |
0.45
| | |
3.46
| | | 5.42 | | | 10.76 | |
2889
|
|
|
DU41662
|
|
|
0.76
|
|
| 8.44 |
|
| 110 |
|
|
0.58
|
|
| 6.94 |
|
| 9.37 |
|
| 20.08 | |
Total |
|
| 2.49 |
|
| 6.98 |
|
| 80 |
|
| 0.45 |
|
| 4.28 |
|
| 5.68 |
|
| 14.39 | |
2890
| | |
DU41662
| | |
0.84
| | |
2.10
| | |
81
| | |
0.55
| | |
3.02
| | |
3.55
| | |
7.70
| |
2891
|
|
|
DU41662
|
|
|
0.90
|
|
| 22.30 |
|
| 403 |
|
|
0.93
|
|
| 8.74 |
|
| 13.40 |
|
| 41.38 | |
Total |
|
| 1.74 |
|
| 12.55 |
|
| 248 |
|
| 0.75 |
|
| 5.98 |
|
| 8.64 |
|
| 25.12 | |
2892
| | |
DU41662
| | |
0.61
| | |
3.12
| | |
78
| | |
0.67
| | |
2.55
| | |
3.76
| | |
8.76
| |
2893
|
|
|
DU41662
|
|
|
0.90
|
|
|
3.82
|
|
|
83
|
|
|
0.56
|
|
|
2.63
|
|
| 5.22 |
|
| 10.29 | |
Total |
|
| 1.51 |
|
| 3.54 |
|
| 81 |
|
| 0.60 |
|
| 2.60 |
|
| 4.63 |
|
| 9.67 | |
2894
| | |
DU41662
| | |
0.64
| | |
3.94
| | |
53
| | |
0.11
| | |
0.68
| | |
1.63
| | |
6.10
| |
2895
| | |
DU41662
| | |
0.80
| | |
1.66
| | |
54
| | |
0.56
| | |
1.83
| | |
3.42
| | |
6.26
| |
2896
|
|
|
DU41662
|
|
|
0.67
|
|
|
0.84
|
|
|
40
|
|
|
0.31
|
|
|
1.90
|
|
|
2.13
|
|
|
4.11
| |
Total |
|
| 2.11 |
|
| 2.09 |
|
| 49 |
|
| 0.34 |
|
| 1.50 |
|
| 2.47 |
|
| 5.53 | |
The assays presented above were collected as channel samples from a
stope being prepared for production within the El Creston Zone on the
778S stope, (see below images for locations).
Figure
1 – Overhead of Tahuehueto Project
Figure
2 – El Creston Stope 778S
Figure
3 – El Creston Stope 778S Longitudinal Section
About Telson Mining Corporation
Telson Mining Corporation is a
Canadian based mining company with two Mexican gold, silver and base
metal mining projects. Effective May 15, 2018 Telson declared commercial
production at its 100% owned Campo Morado Mine, which is currently
producing zinc and lead concentrates with gold, silver and copper as
by-products.
Telson's 100% owned Tahuehueto Project, located in north-western Durango
State, Mexico is currently in construction development. Pre-production
commenced at Tahuehueto in August 2017, currently mining at a rate
averaging approximately 100 tonnes per day and shipping ore to a
third-party toll mill for processing. Management has a targeted timeline
at Tahuehueto to be producing with its own on-site mineral processing
plant, with a designed capacity of at least 1,000 tonnes per day by the
end of 2019.
Visit: www.telsonmining.com
Qualified Persons
This press release was prepared under the
supervision and review of Ralph Shearing, P.Geol., President and
Director of Telson Mining Corporation, a Professional Geologist
registered in Alberta as a member of the professional association APEGA,
and a Qualified Person as defined by NI 43-101.
On behalf of the board of directors
(signed) “Ralph Shearing”
Ralph Shearing, P.Geol, President and Director
Cautionary Note Regarding Production Decisions and Forward-Looking
Statements
Statements contained in this news release that are not historical
facts are “forward-looking information” or “forward-looking statements”
(collectively, “Forward-Looking Information”) within the meaning of
applicable Canadian securities laws. Forward Looking Information
includes, but is not limited to, disclosure regarding possible events,
conditions or financial performance that is based on assumptions about
future economic conditions and courses of action; the timing and costs
of future activities on the Company’s properties, such as production
rates and increases; success of exploration, development and bulk sample
processing activities, and timing for processing at its own mineral
processing facility on the Tahuehueto project site. In certain cases,
Forward-Looking Information can be identified by the use of words and
phrases such as “plans”, “expects”, “scheduled”, “estimates”,
“forecasts”, “intends”, “anticipates” or variations of such words and
phrases. In preparing the Forward-Looking Information in this news
release, the Company has applied several material assumptions,
including, but not limited to, that the current exploration,
development, environmental and other objectives concerning the Campo
Morado Mine and the Tahuehueto Project can be achieved, the continuity
of the price of gold and other metals, economic and political conditions
and operations. Forward-Looking Information involves known and unknown
risks, uncertainties and other factors which may cause the actual
results, performance or achievements of the Company to be materially
different from any future results, performance or achievements expressed
or implied by the Forward-Looking Information. There can be no assurance
that Forward-Looking Information will prove to be accurate, as actual
results and future events could differ materially from those anticipated
in such statements. Accordingly, readers should not place undue reliance
on Forward-Looking Information. Except as required by law, the Company
does not assume any obligation to release publicly any revisions to
Forward-Looking Information contained in this news release to reflect
events or circumstances after the date hereof or to reflect the
occurrence of unanticipated events.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190617005518/en/
Contacts:
Glen Sandwell
Corporate Communications Manager
ir@telsonmining.com
Tel:
+1 (604) 684-8071
Source: Telson Mining Corporation
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