Telson Resources Inc. Commences Underground Mining at Campo Morado to stockpile mill throughput in advance of anticipated mill start
Telson Resources Inc. Commences Underground Mining
at Campo Morado to stockpile mill throughput in advance
of anticipated mill start
Vancouver, British Columbia, August 28, 2017 – Telson Resources Inc. (“Telson” or the “Company”) (TSX
Venture – TSN.V) is pleased to announce that it has commenced u nderground mining operations at its newly
acquired Campo Morado Mine. Mining has commenced within areas o f 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 8 0,000 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 pe r 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 re start of underground mining operations.”
States Antonio Berlanga, Telson’s CEO, “With the full support o f local communities, municipal and state
authorities, newly formed mining union, and our mine site perso nnel, we are well ahead of our originally
planned schedule and hope to have a large stockpile of mill thr oughput 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 polymet allic 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-s ite. 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.
On behalf of the board of directors
(signed) “Ralph Shearing”
Ralph Shearing, P.Geol, President
Telson Resources Inc.
TSX.V: TSN OTCBB: SOHFF
Shares Issued: 104,276,905
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.
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