Telson Releases New Mineral Resource Estimate for Campo Morado
Telson Resources Inc.
TSX.V: TSN OTCBB: SOHFF
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Telson Releases New Mineral Resource Estimate for Campo Morado
Vancouver, British Columbia, Wednesday November 8, 2017.
Telson Resources Inc. ("Telson" or the "Company") (TSX Venture – TSN.V) is very pleased to announce the
completion of a new Canadian National Instrument NI 43-101 mine ral resource estimate for its Campo Morado
property in Guerrero State, Mexico (“Campo Morado”). This reso urce estimate has been prepared by Eric Titley
P.Geo. of Titley Consulting Limited based in Vancouver, British Columbia.
Notes:
These resources estimates have been prepared in accordance with NI 43-101 and the CIM Definition Standards. Inferred
mineral resources are considered to be too speculative to allow the application of technical and economic parameters to support
mine planning and evaluation of the economic viability of the project. Under Canadian rules, estimates of Inferred Mineral
Resources may not form the basis of feasibility or pre-feasibility studies, or economic studies except for Preliminary Economic
Assessments as defined under 43-101. It cannot be assumed that all or any part of the Inferred resources will ever be upgraded
to a higher category.
The mineral resources were depleted to December 2014, the last phase of mining, by removing all material from the tabulation
as found in the excavation solids models provided by Telson Resources.
Zinc equivalent calculations used metal prices of USD$1.20/lb zinc, US$2.80/lb for copper, US$17/oz for silver, US$1150/oz for
gold and US$0.90/lb for lead and metallurgical recoveries of 70% for zinc, 68% for copper, 38% for silver, 25% for gold and 60%
for lead.
A 5.5% ZnEq cut-off is considered to be appropriate for underground mining operations in Mexico. All mineral resource
estimates, cut-offs and metallurgical recoveries are subject to change as a consequence of more detailed economic analyses
that would be required in pre-feasibility and feasibility studies. The 5.5% ZnEq cut-off in bold is considered the base case
mineral resource estimate. Other estimates are presented in the context of cut-off grade sensitivity analysis.
Some figures may not sum exactly due to rounding.
Telson Resources Inc.
TSX.V: TSN OTCBB: SOHFF
Shares Issued: 108,022,252
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The data in the global resource table above is a compilation of the five individual zones shown in following tables.
Telson Resources Inc.
TSX.V: TSN OTCBB: SOHFF
Shares Issued: 108,022,252
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Telson Resources Inc.
TSX.V: TSN OTCBB: SOHFF
Shares Issued: 108,022,252
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The Company will file a technical report supporting the mineral resource estimate on SEDAR within 45 days of
this news release.
About Telson Resources Inc.
Telson Resources Inc. is a Canadian based mining company produc ing gold, silver and base metal from its two
Mexican Mine Projects. Telson's Tahuehueto Project, located in north-western Durango State, Mexico and its
recently acquired Campo Morado Mine in Guerrero, Mexico are bot h polymetallic deposits containing significant
gold, silver, lead, zinc and copper. Telson is currently mining and procession at its 100% owned Campo Morado
Mine at a rate of approximately 1,400 tonnes per day and at its 100% owned Tahuehueto Mine Project at a rate of
approximately 150 tonnes per da y and direct shipping Tahuehueto preproduction to a toll mill for processing off-
site.
Visit: www.telsonresources.com
On behalf of the board of directors
(signed) “Ralph Shearing”
Ralph Shearing, P.Geol, President and Director
Qualified Person
This press release was prepared under the supervision and revie w of Eric Titley, P.Geo. a Professional Geologist
registered in British Columbia as a member of the Association o f Professional Engineers and Geoscientists BC.
Mr. Titley is the independent qua lified person, as defined in N I 43-101, who is responsible for the preparation of
the technical information contained in this news release.
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, “Forward-L ooking Information”) within the meaning of applicable
Canadian securities laws. Forward Looking Information in cludes, but is not limited to, disclosure regarding
Telson Resources Inc.
TSX.V: TSN OTCBB: SOHFF
Shares Issued: 108,022,252
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possible events, conditions or financial performance that is based on assumptions about future economic conditions
and courses of action; the timing and costs of future activ ities on the Company’s properties, such as production
rates and increases; success of explora tion, development and bulk sample processing activities; and timing for
processing at its own mineral processing facility on the Tahuehueto project site. 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 va riations 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 explorati on, development, environmen tal and other objectives
concerning the Campo Morado Mine and the Tahuehueto Project can be achieved, the continuity of the price of
gold and other metals, economic and po litical conditions and operations. Forwar d-Looking Information involves
known and unknown risks, uncertainties and other factors which may cause the actual results, performance or
achievements of the Company to be materially different from any future results, performance or achievements
expressed or implied by the Forward-Looking Informati on. 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, read ers should not place undue reliance on Forward-Looking
Information. Except as required by law, the Company does not assume any obligation to release publicly any
revisions to Forward-Looking Informati on contained in this news release to reflect events or circumstances after
the date hereof or to reflect the occurrence of unanticipated events
For further information about Telson Resources Inc., please contact:
Glen Sandwell
Corporate Communications Manager
Tel: +1 (604) 684-8071