17:33:07 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



Telson Mining Corp
Symbol TSN
Shares Issued 130,184,348
Close 2018-05-29 C$ 0.83
Market Cap C$ 108,053,009
Recent Sedar Documents

Telson Mining becomes Tier 1 issuer on TSX-V

2018-05-29 12:52 ET - News Release

Mr. Ralph Shearing reports

TELSON MINING CORPORATION'S PRESIDENT, RALPH SHEARING, P.GEOL, IS INTERVIEWED BY DAVID MORGAN, PUBLISHER OF THE MORGAN REPORT - VIDEO AVAILABLE ON INVESTMENTPITCH.COM

Telson Mining Corp.'s president, Ralph Shearing, PGeol, has been interviewed by David Morgan, publisher of the Morgan Report.

A video associated with this news release is available on-line.

Telson is currently in production at its 100-per-cent-owned Campo Morado mine in Guerrero, Mexico. Telson acquired Campo Morado in June, 2017, recommenced mining and processing operations in October, 2017, with preproduction from mine development on a trial basis that commenced at an average 1,400 tonnes per day, and has just declared commercial production based on operating for 60 consecutive days at 75 per cent of the Campo Morado mill's nameplate capacity of 2,500 tonnes per day.

Telson's Tahuehueto project, located in northwestern Durango state, Mexico, is currently in preproduction at approximately 100 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 in the first quarter of 2019. Regular metal concentrate delivery and sales are under way from both projects.

Subsequent to the interview, Telson has been approved for graduation from Tier 2 issuer status to Tier 1 issuer status by the TSX Venture Exchange. Telson will commence trading as a Tier 1 issuer on the TSX-V on Tuesday, May 29, 2018. Tier 1 is the premier tier on the TSX-V and is reserved for the most advanced issuers with significant financial resources.

Mr. Shearing, president, stated: "Telson's graduation to Tier 1 of the TSX Venture Exchange is a further demonstration of the quality of our Campo Morado and Tahuehueto projects and of our management team. Graduating to Tier 1 status will also provide the company with a more favourable regulatory environment, decreased filing requirements and increased opportunity for participation by institutional investors. We would like to thank the TSX Venture Exchange for recognizing Telson's rapid growth over the past couple of years, which was demonstrated by Telson transitioning from an exploration and development company to a producer with the declaration of commercial production at our Campo Morado mine effective May 15, 2018."

© 2024 Canjex Publishing Ltd. All rights reserved.