Telson Resources Inc.
Telson Resources is a Canadian-based resource company, currently focused on the development of its advanced stage Tahuehueto gold-silver project in Mexico’s prolific Sierra Madre mineral belt. In addition to vast geological potential, Mexico offers the advantages of social and political stability and a favorable investment climate.
Telson Resources is managed by a team of experienced geologists and mining professionals committed to adding value to Tahuehueto and increasing shareholder returns through cost-effective programs conducted in a socially and environmentally progressive manner.
Tahuehueto Gold-Silver Project, Western Durango State, Mexico
The 7,492-hectare advanced Tahuehueto gold, silver and base metal project consists of 28 mining concessions covering at least 12 mineralized zones hosted within a structurally controlled epithermal system that has been traced for more than 6 km. Exploration programs have confirmed significant gold-silver mineralization with associated base metals at many of these zones.
Telson Resources owns the Tahuehueto Project through its 99% owned Mexican subsidiary. Tahuehueto lies within the prolific Sierra Madre Mineral Belt, which hosts a series of historic and producing mines and most of Mexico’s active exploration and development projects. The project is situated approximately 100 km southwest of Endeavour Silver’s silver mine in the Guanacevi region, and about 25 km north of Great Panther’s silver mine at Topia.
The Tahuehueto Project boasts a Preliminary Economic Assessment (PEA) prepared by Snowden Mining Consultants in 2010 for a combined open pit and underground mining operation processing 1 million tonnes per annum.
Telson announced on April 20, 2010 the results of metallurgical testing performed by Westcoast Mineral Testing Inc.
Tahuehueto Project – NI 43-101 Resource
(Source: Scott E. Wilson Consulting Inc. - Technical Report - June 26, 2009)
During 2017 the Company plans to fund, build and operate a high-grade gold, silver and base metal underground mining operation, initially mining 500 tonnes per day. The Company is currently working on the final stages of an NI 43-101 compliant Pre-Feasibility Study (PFS) which it is planning to deliver to its shareholders and the market during Fall 2016. The current mine plan is designed to easily double production to 1,000 tonnes per day by adding a second underground mining night shift should market conditions warrant the expansion. Additional production rate increases can be achieved by developing one of several other mineralized zones containing proven resources. Current measured and indicated compliant resources will be converted to reserves within the PFS.
To support its production plans, the Company recently collected and is now processing a 2,000-tonne industrial scale bulk sample to allow the refining of milling techniques, reagent types and reagent concentrations to determine industrial scale recoveries and potentially secure a dedicated concentrate purchaser. Current 2009 NI 43-101 compliant resources boast approximately 850,000 oz AuEq (gold & silver only) (Plus equivalent value in base metals).Looking Ahead at Tahuehueto
Management and Directors
Jose Antonio Berlanga Balderas, P.Eng., Chief Executive Officer and Director
Ralph Shearing, P.Geol., President and Director
Enrique Margalef, BA Economics, VP Corporate Development and Director
Omar Garcia Abrego, CPA, CA, Chief Financial Officer
Arturo Bonillas, P.Eng., Director
Yao Sun, B.Comm, CFA, CMA, CPA, Director
Remigio Martinez Muller, Director
Rory S. Godinho, Director
Please refer to Telson's website www.telsonresources.com for complete biographies.
On November 20, 2017, Telson Resources Inc. announced that all of Telson Resources Inc.'s warrants issued as part of a private placement of units on Nov. 17, 2015, have been exercised resulting in proceeds to the Company of $1-million.
On November 13, 2017, Telson Resources Inc. announced that it has delivered its first Campo Morado-produced zinc concentrates to Trafigura's warehouse in Manzanillo, Mexico. Delivery included approximately 225 wet tonnes of zinc concentrate.
Telson also reported that it has appointed Rory S. Godinho to its board of directors. Mr. Godinho is a senior securities lawyer with extensive capital markets expertise.
On November 8, 2017, Telson Resources Inc. announced that it has completed a new National Instrument 43-101 mineral resource estimate for its Campo Morado property in Guerrero state, Mexico.
On October 30, 2017, Telson Resources Inc. announced that it has signed a term sheet for a loan facility and offtake agreement with Trafigura Mexico SA de CV, a market leader in the global commodities industry, to sell 100 per cent of the lead and zinc concentrate produced at the Tahuehueto mine from Jan. 1, 2018, to Dec. 31, 2022. Trafigura will provide Telson with a credit facility of $15-million (U.S.) upon signing formal agreements, thereby securing the bulk of the capital requirements to construct and operate a continuing 1,000-tonne-per-day mining operation at Tahuehueto.
On October 26, 2017, Telson Resources Inc. announced that Beacon Securities Limited publishes Equity Analyst Research Report initiating coverage of Telson Resources Inc. with a BUY rating.
On October 23, 2017, Telson Resources Inc. announced that it has initiated ore processing at an initial mill throughput start-up rate of approximately 1,400 tonnes per day at the Company's 100-per-cent-owned Campo Morado mine.
On October 10, 2017, Telson Resources Inc. announced that it has received construction permit for Tahuehueto Project. The Company has received a Mexican federal government, Secretaria de Medio Ambiente y Recursos Naturales, permit dated Oct. 2, 2017, titled Resolucion en Materia de Impacto Ambiental para el: Proyecto reactivacion de operaciones para la explotacion y beneficio de minerales Tahuehueto en el municipio de Tepehuanes, Dgo., authorizing the construction of a mineral processing facility, related mining facilities, infrastructure and necessary underground development, at the Company's Tahuehueto project.
On October 2, 2017, Telson Resources Inc. announced that it begins preproduction tests at Campo Morado, and is planning to initiate commercial production at an initial processing rate of approximate 1,400 tonnes per day at Campo Morado within the next several weeks of October, 2017.
On September 26, 2017, Telson Resources Inc. announced that 155.38 tonnes of lead concentrates and 316.39 tonnes of zinc concentrates produced at the Atocha toll mill during August, 2017, from processing of approximately 4,213 tonnes of ore mined from the Tahuehueto project, were sold to Mercuria Commodities Trading SA, de CV for total cash proceeds of US$1,584,902.
On September 19, 2017, Telson Resources Inc. announced that the Company suffers no damage from earthquake in Mexico City. There has been no damage or adverse effects at Telson Resources Inc.'s Mexico City office, the Campo Morado mine in Guerrero, Mexico, or the Tahuehueto project in Durango State from that day’s earthquake, which jolted central Mexico. The Company extends condolences to those affected by the devastating earthquake in Mexico City.
On August 28, 2017, Telson Resources Inc. announced that it has commenced underground mining operations at its newly acquired Campo Morado mine. Mining has commenced within areas of the El Largo zone containing higher precious metal values along with significant base metals.
On August 22, 2017, Telson Resources Inc. announced that it has received two permits from Semarnat (Secretaria de Medio Ambiente y Recursos Naturales), one for existing tailing facility reactivation plus another for construction of a new larger tailing facility at the Tahuehueto Project, located in northwestern Durango State, Mexico.
On August 14, 2017, Telson Resources Inc. announced that it has delivered the second shipment of approximately 62 dry tonnes lead and approximately 129 dry tonnes zinc concentrates processed at the Atocha mineral processing plant to Mercuria Commodities Trading SA de CV.
On August 11, 2017, Telson Resources Inc. announced that Fundamental Research Corp. published its equity analyst research report dated August 9, 2017, entitled, ‘Telson Resources Inc. (TSXV: TSN / OTCBB: SOHFF) - Initiating Coverage – Commencing Production at Two Projects in Mexico’.
On August 7, 2017, Telson Resources Inc. announced that the first shipment of 66.1 dry tonnes lead concentrate and 94.5 dry tonnes zinc concentrate processed at the Atocha mineral processing plant has been delivered to Mercuria Commodities Trading SA de CV.
On July 31, 2017, Telson Resources Inc. announced that the processing of Tahuehueto ore to recover lead and zinc concentrates at the Atocha toll mill is under way. It is planned to process the ore at 300 tonnes or more per day.
On July 20, 2017, Telson Resources Inc. announced that it initiated activities for restart of mining operations at Campo Morado mine and closed final tranche of private placement. Telson has issued 1,732,691 shares at 55 cents per share.
On July 6, 2017, Telson Resources Inc. announced that it has commenced Tahuehueto pre-production mining with ore milling/processing at Atocha Toll Mill and secured US $1,000,000 concentrate pre-payment.
On June 14, 2017, Telson Resources Inc. announced that it has received final TSX Venture Exchange approval for and closed its acquisition of the Campo Morado mine, located in Guerrero state, Mexico.
On April 27, 2017, Telson Resources Inc. announced that it has entered into a definite Share Purchase Agreement with Nyrstar Mining Ltd. and Nyrstar’s Mexico Resources Corp. to purchase all of the shares of Nyrstar’s Mexican subsidiary companies that make up and own 100% of the Campo Morado mine, located in Guerrero State, Mexico.
On March 28, 2017, Telson Resources Inc. announced that it has appointed Remigio Martinez Muller to its board of directors, effective immediately.
On March 6, 2017, Telson Resources Inc. announced that it has secured a $2-million (U.S.) credit line for leasing underground and surface mining equipment for mine development at its 100-per-cent-owned Tahuehueto project, located in northern Durango state, Mexico.
On February 23, 2017, Telson Resources Inc. announced final sale results from its industrial scale bulk sample generating cash of receipts of USD $1,470,449.00, producing 201 tonnes of lead and 259 tonnes of zinc concentrates, containing 27.9 kg of gold and 192.6 kg of silver from its Tahuehueto Gold/Silver/ Lead/Zinc Project.
Telson Resources Inc. announced that it is to be featured on CEO Clips on the Documentary Channel, beginning April 3 to 16, 2017, Monday through Friday, throughout the day and evenings. It can also be viewed online via this link: http://www.b-tv.com/telson-resources-ceo-clip/.
On February 16, 2017, Telson Resources Inc. announced that it has completed an agreement for the acquisition of a sulphide flotation mineral processing facility for its Tahuehueto project in Durango, Mexico.
On January 23, 2017, Telson Resources Inc., further to the Company's news release dated Dec. 6, 2016, announced that it has filed the independent National Instrument 43-101-compliant prefeasibility study (PFS) for its Tahuehueto project in Durango, Mexico, on SEDAR.
The highlights of this prefeasibility study report include:
On December 15, 2016, Telson Resources Inc. announced that it has closed the sale of its first lead and zinc concentrates produced from its industrial-scale bulk sample collected from the El Creston zone on its 100-per-cent-owned Tahuehueto project located in Northern Durango state, Mexico.
On December 6, 2016, Telson Resources Inc. announced Pre-Feasibility Study completed for the Tahuehueto Gold-Silver-Lead-Zinc Project, mineral resource and mineral reserve estimates.
Highlights of the Tahuehueto project prefeasibility study (all costs are in U.S. dollars, intended level of accuracy of capital cost estimates is plus or minus 20 per cent):