Vancouver, British Columbia / TheNewswire / October 10, 2017 -
Highlights:
- Tahuehueto Mine Now Fully Permitted for Construction. Includes
- Mineral Processing Facility Construction,
- All mill site and portal access roads and related patios,
- Underground development,
- Camp construction and installation of related service building and structures,
- Construction of tailings storage facilities.
Vancouver, British Columbia / TheNewswire / October 10, 2017 - Telson Resources Inc. ("Telson" or the "Company") (TSX Venture - TSN.V) is pleased to announce that the Mexican Federal Government, Secretaria De Medio Ambiente Y Recursos Naturales has issued a permit dated October 2nd, 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." (the "MIA") authorizing the construction of a mineral processing facility, related mining facilities, plus infrastructure and necessary underground development, at the Company's Tahuehueto Project.
"With the granting of this MIA, Telson is now fully permitted to build its planned Tahuehueto Mine and we intend to initiate construction of the mine immediately upon securing the necessary funding. Our funding efforts are at an advanced stage having received three separate offers from off-take concentrate purchasers and negotiations are in progress to finalize the project's capital expenditure funding. While there can be no assurance that we will obtain the required funding, we are confident that we will be able to come to a satisfactory arrangement with an off-take purchaser" states Telson's CEO, Antonio Berlanga.
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 at a 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 recommence mineral processing milling operations during October 2017 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 mid-2018.
