Telson Initiates 3,500 Tonne Tahuehueto Toll Milling Campaign
Telson Mining Corporation
TSX.V: TSN OTC Pink: SOHFF
Frankfurt: TSGN.F
Shares Issued: 182,766,619
Page 1 of 2
Telson Initiates 3,500 Tonne Tahuehueto Toll Milling Campaign
Vancouver, British Columbia, November 19, 2020
Telson Mining Corporation (“Telson” or the “Company” (TSX Venture Exchange-
TSN, OTC Pink-SOHFF, Frankfurt-TSGN (formerly SQ82)) is pleased to announce
that it has initiated the transport of ore from its Tahuehueto Gold Project,
located in Durango, Mexico, for mineral recovery at the Atocha toll mill, as part
of a 3,500 tonne toll mill campaign.
To date approximately 3,000 tonnes of ore has been delivered to the Atocha mill
site and processing is scheduled to commence within the next several days upon
delivery of the final available ore.
Commodities to be recovered are gold, silver, lead and zinc, within a lead bulk concentrate
During 2018 and 2019 Telson processed 11 previous toll milling campaigns o f similar size. These toll mill campaigns
processed approximately 42,320 tonnes of ore producing approximately 1,286 tonnes of lead concentrates with significant
gold and silver content and 2,850 tonnes of zinc concentrates. Information on head grades of ore processed and resulting
grades of concentrates produced, including cash selling prices of concentrate sales from this pre -production, can be
viewed in the Company’s former public disclosure available on SEDAR or on the company’s web site,
www.telsonmining.com
About Telson Mining Corporation
Telson Mining Corporation is a Canadian based mining company with two 100% owned Mexican gold, silver and base
metal mining projects.
Telson's Tahuehueto mining project, located in north -western Durango State, Mexico is waiting for final funding to finish
construction of the processing plant and related assets to produce gold, silver, lead, and zinc in concentrates within its
own on-site mineral processing facility, with a designed capacity of at least 1,000 tonnes per day. The Company is targeting
completion of construction during 2021, eight to twelve months after securing final funding.
Campo Morado is a polymetallic base metal mine with mining and milling equipment currently producing at an average of
approximately 2,150 tonnes per day. Four months after purchasing Campo Morado, Telson brought the mine back into
operation initiating preproduction in October 2017 and declared commercial production in May 2018, operating the mine
continuously for 22 months until August 2019 when the project was put on care and maintenance as a result of declining
zinc prices and community issues . With improving current conditions Telson brought the mine out of care and
maintenance and reinitiated mining and milling operations during January 2020.
Visit: www.telsonmining.com
On Behalf of the Board of Directors
(signed) “Ralph Shearing”
Tahuehueto ore awaiting processing at the Atocha toll
Telson Mining Corporation
TSX.V: TSN OTC Pink: SOHFF
Frankfurt: TSGN.F
Shares Issued: 182,766,619
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Ralph Shearing, President, CEO and Director
Cautionary Note Regarding Production Decisions and Forward-Looking Statements
It should be noted that Telson declared commercial production at Campo Morado prior to completing a feasibility study of mineral reserves
demonstrating economic and technical viability. Accordingly, readers should be cautioned that Telson’s production decision has been
made without a comprehensive feasibility study of established reserves such that there is greater risk and uncertainty as to future economic
results from the Campo Morado mine and a higher technical risk of failure than would be the case if a feasibility study was c ompleted
and relied upon to make a production decision. Telson has complete d a preliminary economic assessment (“PEA”) mining study on the
Campo Morado mine that provides a conceptual life of mine plan and a preliminary economic analysis based on the previously identified
mineral resources (see News Release dated November 8, 2017 and April 4,2018).
Statements contained in this news release that are not historical facts are “forward-looking information” or “forward-looking statements”
(collectively, “Forward-Looking Information”) within the meaning of applicable Canadian securities laws. Forward Looking Information
includes, but is not limited to, disclosure regarding the planned recommencement of mining operations at Campo Morado; and other
possible events, conditions or financial performance that are based on assumptions about future economic conditi ons and courses of
action; the timing and costs of future activities on the Company’s properties, such as production rates and increases; success of exploration,
development and bulk sample processing activities, and timing for processing at its own minera l 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 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 t he current
exploration, development, environmental and other objectives concerning the Campo Morado Mine and the Tahuehueto Project can be
achieved; that recommencement of operations at Campo Morado will proceed as planned; the continuity of the price of gold and other
metals, economic and political conditions and operations. Forward-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 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 anticip ated
in such statements. Accordingly, readers 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 Information contained in this news release
to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
For further information about Telson Mining Corporation, please contact:
Glen Sandwell
Corporate Communications Manager
Tel: +1 (604) 684-8071