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Telson Resources Inc (2)
Symbol TSN
Shares Issued 124,218,120
Close 2018-02-15 C$ 0.70
Market Cap C$ 86,952,684
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Telson averages 132 t/d in preproduction at Tahuehueto

2018-02-15 13:43 ET - News Release

Mr. Antonio Berlanga reports

TELSON DISCLOSES TAHUEHUETO MINING & CONCENTRATE PREPRODUCTION, METALLURGICAL BALANCES & CASH SALE RESULTS FOR 2017 AND ANNOUNCES PLANS FOR CORPORATE NAME CHANGE

Telson Resources Inc. has released the results of preproduction mining and processing at its 100-per-cent-owned Tahuehueto mine development project located in Durango, Mexico. Preproduction mining averaging 132 tonnes per day at Tahuehueto commenced during July, 2017, with toll milling operations starting during August, 2017. Mining and toll milling continued through to mid-December, 2017, when operations were shut down during Christmas holidays. Mining and toll milling resumed in January, 2018.

During the six months of preproduction operations in 2017, mining at Tahuehueto produced 22,662 tonnes of ore from the El Creston zone and toll milling at the Atocha processing plant milled approximately 14,377 of this ore. The average head grade of the total preproduction ore processed was 6.94 g/t gold, 84.36 g/t silver, 5.29 per cent zinc and 2.64 per cent lead.

During the 2017 preproduction program the company produced; 666 tonnes of lead concentrate with average grades of 45.32 per cent lead, 122 g/t gold and 1,374 g/t silver and 14.03 per cent zinc and; 1,130 tonnes of zinc concentrate averaging 49.95 per cent zinc, 3.83 g/t gold, 113 g/t silver and 1.2 per cent lead.

Of the above concentrate produced, Telson sold 643 tonnes of lead concentrate with average grades of 122.2 g/t gold, 1,292 g/t silver, 46.87 per cent lead, 13.52 per cent zinc, 2.5 per cent copper and 1,039 tonnes of zinc concentrate with average grades of 48.98 per cent zinc, 4.95 g/t gold, 128.3 g/t silver, 1.40 per cent lead, 0.39 per cent copper for total cash proceeds of $5.24-million (U.S.)which proceeds have been paid in full and received by the company.

Antonio Berlanga, chief executive officer of Telson, states: "Management is very pleased with the results of our Tahuehueto preproduction toll milling program. We are consistently producing excellent lead concentrates above 46 per cent lead with high precious metal content averaging 122 g/t Au and over 1,200 g/t Ag, while zinc concentrate grades are averaging above 48 per cent zinc. Payable metal recoveries are also excellent, averaging 82.48 per cent gold, 87.82 per cent silver, 79.47 per cent lead and 74.49 per cent zinc for total 2017 preproduction. This preproduction program, to continue throughout 2018, allows us to continue to optimize metal recovery techniques which we are confident will be perfected over the coming year and will allow Telson to transfer this processing and recovery knowledge for its own milling facility under construction at Tahuehueto and hopefully, reduce the start-up and commissioning time of this future on-site 1,000-plus-tonne-per-day Tahuehueto mineral processing facility."

About Telson Resources Inc.

Telson Resources is a Canadian-based junior resource mining company currently in preproduction at two Mexican gold, silver and base-metal mining projects, and is advancing both toward commercial production over the coming months of 2018. At the recently acquired Campo Morado mine in Guerrero, Mexico, Telson has recommenced mining and processing operations with preproduction from mine development on a trial basis at an average 1,500 tonnes per day during the recommissioning stage and intends to advance toward commercial production at full capacity of approximately 2,500 tonnes per day during 2018. Telson's Tahuehueto project, located in northwestern Durango state, Mexico, is currently in preproduction at approximately 150 tonnes per day, utilizing a toll mill for processing and has entered a construction phase with a timeline to be producing on-site in its own mineral-processing plant capable of milling at least 1,000 tonnes per day toward the end of 2018.

Qualified person

This press release was prepared under the supervision and review of Ralph Shearing, PGeol, president and director of Telson Resources, a professional geologist registered in Alberta as a member of the professional association APEGA, and a qualified person as defined by National Instrument 43-101.

Data verification by Mr. Shearing includes personal inspection of the Tahuehueto mine site, reviewing mining facilities, drill core, underground development, and discussing work programs and results with geology and mining personnel.

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