Beacon Securities Limited Publishes Equity Analyst Research Report Initiating Coverage of Telson Resources Inc with a BUY Rating
Beacon Securities Limited Publishes Equity Analyst Research Report
Initiating Coverage of Telson Resources Inc with a BUY Rating
Vancouver, British Columbia, October 26, 2017 – Telson Resources Inc. (“ Telson” or the “ Company”)
(TSX Venture – TSN.V) is pleased to announce that Beacon Securities Limited (“Beacon”) — an independent
investment dealer based in Toronto, Canada I, generating and di stributing research to a global audience,
including, investment banks, institutional investors, as well as professional investors and relevant members of
the global investment community — published its equity analyst research report dated October 24, 2017,
entitled, “Telson Resources Inc. (TSN - TSXV / OTCBB: SOHFF) – Near-term M exican Producer with
Significant Upside” with a BUY rating.
Beacon’s research report on Telson was written and produced by Michael Bandrowski, Director, Equity
Research (Mining).
The Beacon report is currently available to view, or to downloa d, from Beacon’s website –
www.beaconsecurities.ca via login and password.
Beacon Securities Limited
Analyst: Michael Bandrowski
66 Wellington Street, Suite 4050
Toronto, ON, M5K 1H1
Telephone: 416-643-3830
Email: [email protected]
The opinions expressed in the Research Report referenced above are the true opinions of the analyst about
Telson and its industry. Any “forward looking statements” are Beacon’s best estimates and opinions based
upon information that is publicly available and that analysts believe to be correct, but have not independently
verified with respect to truth or correctness. There is no guarantee that the analyst’s forecasts will
materialize. Actual results will likely vary. In addition, readers should be aware, and are cautioned, that
opinions, estimates, or forecasts contained in research analyst reports are not subject to the requirements of
Canadian National Instrument 43-101 “Standards of Disclosure for Mineral Projects” (“NI 43-101”) and
have not received any endorsement or approval by Telson. As such, Telson does not imply or in any way
represent that any of the reports, opinions, estimates, or forecasts regarding Telson made by research analysts
complies with NI 43-101 or represent the opinions or beliefs of Telson or its management or representatives.
In addition to information filed by Telson as found on SEDAR (www.sedar.com), readers should only refer
to the technical report(s) of Telson relating to its projects for information about the projects prepared in
accordance with NI 43-101.
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 polymet allic deposits containing significant gold,
silver, lead, zinc and copper. Telson recently announced the re -start of operations for production at Campo
Morado and is continuing to develop it's Tahuehueto Project thr ough the mine construction phase with an
anticipated timeline to be producing at the project site in its own mineral processing facility early next year.
Telson Resources Inc.
TSX.V: TSN OTCBB: SOHFF
Shares Issued: 107,071,371
On behalf of the board of directors
(signed) “Ralph Shearing”
Ralph Shearing, P.Geol
President
Qualified Person
This press release was prepared under the supervision and revie w of Ralph Shearing, P.Geol., President and
Director of Telson Resources Inc., a Professional Geologist reg istered in Alberta as a member of the
professional organization APEGA, and a Qualified Person as defined by NI 43-101. Mr. Shearing has reviewed
the subject Research Report’s technical disclosure with respect to published Pre-Feasibility Study results,
reserves and resource statements and current operations on its project sites and verifies the accuracy of this
information that has been obtained from Telson’s public disclos ure. The economic analysis, where not
previously publicly disclosed by Telson within published NI 43 – 101 compliant technical reports is solely that
of the FRC analysts. There are no guarantees that the analysts forecasts will materialize and future results will
likely vary.
Cautionary Note Regarding Forward-Looking Statements
Statements contained in this news release that are not historical facts are “forward-looking information” or
“forward-looking statements” (collectively, “Forw ard-Looking Information”) within the meaning of
applicable Canadian securities laws. Forward Looking Information includes, but is not limited to, disclosure
regarding possible events, conditions or financial perfor mance that is based on assumptions about future
economic conditions and courses of action; the timi ng and costs of future activities on the Company’s
properties; success of exploration, development and bulk sample processing activities; anticipated results of
check assay results; and processing plans at the Atocha Mineral Processing Plant for mineralized material
from the Company’s Tahuehueto project. In certain cases, Forward-Looking Information can be identified by
the use of words and phrases such as “plans”, “expects” , “scheduled”, “estimates”, “forecasts”, “intends”,
“anticipates” or variations of such words and phrases. In preparing the Forward-Looking Information in this
news release, the Company has applied several material assumptions, including, but not limited to, that the
current exploration, development, environmental and other objectives concerning the Tahuehueto Project can
be achieved; that the implementation of the selective mining method will prove feasible based on the results of
the bulk sample; that the mineral processing plant recen tly acquired by the Company will be successfully
installed and commissioned, the con tinuity of the price of gold and other metals, economic and political
conditions and operations. Forward- Looking Information involves know n and unknown risks, uncertainties
and other factors which may cause the actual results, p erformance or achievements of the Company to be
materially different from any future results, perform ance or achievements expressed or implied by the
Forward-Looking Information. There can be no assurance that Forward-Looking Information will prove to be
accurate, as actual results and future events could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on Forward-Looking Information. Except as required
by law, the Company does not assu me any obligation to release publicly any revisions to Forward-Looking
Information contained in this news release to reflect events or circumstances after the date hereof or to reflect
the occurrence of unanticipated events.
Cautionary Note Regarding References to Resources and Reserves
This news release uses the terms "measured and indi cated resources" and "inferred resources". We advise
U.S. investors that while these term s are defined in, and permitted by, Canadian regulations, these terms are
not defined terms under SEC Industry Guide 7 and not normally permitted to be used in reports and
registration statements filed with the SEC. "Inferred resources" have a great amount of uncertainty as to their
existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any
part of an inferred mineral resource will ever be upgrade d to a higher category. Under Canadian rules,
estimates of inferred mineral resources ma y not form the basis of a feasibility study or prefeasibility studies,
except in rare cases. The SEC normally only permits issuers to report minera lization that does not constitute
SEC Industry Guide 7 compliant "reserves", as in-place tonnage and grade without reference to unit measures.
U.S. investors are cautioned not to assume that any par t or all of mineral deposits in this category will ever
be converted into reserves. U.S. in vestors are cautioned not to assume that any part or all of an inferred
resource exists or is economically or legally minable.
Contacts
Glen Sandwell, Telson Resources Inc.
Corporate Communications
Tel: +1(604)684-8071