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Telson Mining Corp
Symbol TSN
Shares Issued 139,559,152
Close 2018-11-13 C$ 0.42
Market Cap C$ 58,614,844
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Telson hires Glencore for tailings testing at Campo

2018-11-15 07:13 ET - News Release

Mr. Ralph Shearing reports

TELSON RETAINS GLENCORE TECHNOLOGY FOR ALBION PROCESS TESTING

Telson Mining Corp. has retained Glencore Technology to conduct Albion Process leach testing of newly processed flotation tailings and historic tailings to increase recoveries of gold and silver, plus zinc flotation testing focused on Jameson Cell technology to increase zinc recoveries and zinc concentrate grade at the Campo Morado mine.

Stated Antonio Berlanga, Telson chief executive officer: "In our ongoing quest to maximize the returns from Campo Morado production we are excited to embark on Albion Process testing, an exciting new proven technology, to liberate gold and silver from mines with refractory gold and silver mineralization. If testing proves successful, we intend to fast-track funding the capital costs and installation of the Albion Process recovery equipment and technology during 2019. Thereafter, we believe Campo Morado will transition from predominantly a zinc producer, into a primary precious metal producer with strong base metal byproducts which will certainly and positively impact the mines profitability."

About the Albion Process from Glencore Technology's Albion Process website

"The Albion Process technology consists of two key steps. The first step is ultrafine grinding of the feed material using Glencore Technology's IsaMill. The second step is an oxidative leach of the finely ground feed minerals at atmospheric pressure to break down the sulphide matrix and liberate gold and silver for recovery by conventional means.

"Albion Process has real-world success in delivering consistently high recoveries -- up to 97 per cent in refractory gold and over 99 per cent in chalcopyrite copper concentrates. It has much lower capital cost than traditional leaching plants like pressure oxidation (POx) plants and, because it operates at atmospheric pressure, it completely avoids the myriad risks of POx plants. It's also dramatically less expensive to operate, with a recent study suggesting a third lower in ongoing opex costs. It's also is incredibly fast to install and commission and very easy to operate.

"Albion Process is a combination of ultrafine grinding and oxidative leaching at atmospheric pressure. The feed to the Albion process are base or precious metal concentrates. The sulphides in the feed are oxidised and valuable metals liberated, with the economic metals recovered by conventional downstream processing. It was developed in 1994 by Glencore and is patented worldwide.

"The Albion Process plants around the world are treating a range of materials including a zinc sulphide concentrate, refractory gold/silver concentrates and chalcopyrite copper concentrates."

The Albion Process and Jameson Cell testing with Glencore Technology is estimated to be completed within 15 weeks of receipt of samples in Brisbane, Australia. An additional two weeks are estimated for the preparation and delivery of a Class 5 engineering study providing the following information:

  • A capital cost estimate for the Albion Process plant, accurate to a Class 5 (AACE);
  • High level mechanical equipment list for the Albion Process plant;
  • Power demand schedule for the Albion Process plant;
  • Albion Process plant process description;
  • Block flow drawing for the Albion Process plant;
  • Reagents and consumables schedule for the Albion Process plant at the nominal throughput;
  • An operating cost estimate for the Albion Process plant at an accuracy of plus 20 per cent.

The Campo Morado samples are in the process of being collected and shipped to Australia with an expected two-week delivery time.

About Telson Mining Corp.

Telson Mining is a Canada-based mining company with two Mexican gold, silver and base metal mining projects. Telson is currently in commercial production at its 100-per-cent-owned Campo Morado Mine in Guerrero, Mexico. Effective May 15, 2018, Telson declared commercial production at Campo Morado. Telson is currently producing zinc and lead concentrates with gold, silver and copper as byproducts, processing approximately over 2,000 tons per day through the Campo Morado milling facilities.

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