Vancouver, British Columbia / TheNewswire / August 28, 2017 - Telson Resources Inc. ("Telson" or the "Company") (TSX Venture - TSN.V) is pleased to announce 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.
The Company plans to create a stockpile of mill feed of up to 80,000 tons to support the initial start-up of the sulfide floatation mill, planned to commence immediately after securing operating capital. The initial processing is planned to commence at approximately 1000 tons per day and will slowly be ramped up to the mill's ultimate capacity of 2,500 tonnes per day.
During the past six weeks Campo Morado mine site personnel have fully serviced all mobile underground and surface mining equipment. Crews have been servicing, cleaning, repairing/rehabilitating electrical motors and moving parts and equipment where necessary to ready the mine site and mineral processing plant for commencement of commercial production planned immediately after securing operating capital.
"Telson's management team is very happy with the rapid progress we have made at Campo Morado since acquiring the project just over two months ago which has allowed us to work continually towards last week's restart of underground mining operations." States Antonio Berlanga, Telson's CEO, "With the full support of local communities, municipal and state authorities, newly formed mining union, and our mine site personnel, we are well ahead of our originally planned schedule and hope to have a large stockpile of mill throughput available to start continuous milling and the mining operations in the near future."
About Telson Resources Inc.
Telson Resources Inc. is a Canadian based resource development company advancing two gold, silver and base metal projects towards production over the coming months of 2017 and early 2018. Telson's Tahuehueto Project, located in north-western Durango State, Mexico and its recently acquired Campo Morado Mine in Guerrero, Mexico purchased from Nyrstar Mining are both polymetallic deposits containing significant gold, silver, lead, zinc and copper. Telson is currently mining ore at Tahuehueto an rate of approximately 150 tonnes per day and direct shipping to a toll mill for processing off-site. Subject to securing funding, Telson plans to soon recommence mineral processing milling operations at Campo Morado while at the same time develop its Tahuehueto Project through the mine construction phase with an anticipated timeline to be processing at the project site in its own mineral processing facility near the end of the first quarter 2018.
Qualified Person
This press release was prepared under the supervision and review of Ralph Shearing, P.Geol., President and Director of Telson Resources Inc., a Professional Geologist registered in Alberta as a member of the professional organization APEGA, and a Qualified Person as defined by NI 43-101.
