Telson Resources Inc. Delivers First Shipment of Concentrates From Tahuehueto Pre-production Plan
Telson Resources Inc. Delivers First Shipment of
Concentrates From Tahuehueto Pre-production Plan
Vancouver, British Columbia, August 7, 2017 – Telson Resources Inc. (“Telson” or the “Company”) (TSX
Venture – TSN.V) is pleased to announce that the first shipment of lead and zinc concentrates processed at the
Atocha mineral processing plant (the “ Atocha Mill”) has been delivered to Mercuria Commodities Trading,
S.A. de C.V. (“ Mercuria”) as per the concentrate purchasing arrangement first announce d in the Company
press release of July 6, 2017. Click <here> to view related videos of ore processing and concentrate ship ping
from Atocha.
As of August 1, 2017, the Company has processed approximately
1600 tonnes of ore through the Atocha toll mill producing
approximately 66.1 dry tones of lead concentrate and 94.5 dry tonnes
of zinc concentrate which have been delivered to Mercuria.
Internal assaying at the Atocha Mill laboratory confirms metal
recoveries and concentrate grades consistent with, and improve d
upon, from those assays and meta llurgical balances disclosed in its
February 23, 2017 news release whereby the Company reported the
final results of its initial 3,500 tonne industrial scale bulk sample
processed at the Andes Mill and sold for approximately USD $1.4 7
million early this year.
Final assay results will be disclosed upon third-party independ ent analysis to be
conducted when the concentrate is received in Mercuria Trading’ s Manzanillo
warehouse. Final sale prices will be determined by the parties upon comparing
the assay results returned by the independent third-party assay er, those assay
results obtained by the operator of the Atocha toll mill and by assay results
obtained by Mercuria.
Telson Resources Inc. is a Canadian based resource development company
advancing two gold, silver and base metal projects towards prod uction over the
coming months of 2017 and early 2018. Telson's Tahuehueto Proje ct, located in
north-western Durango State, Mexico and its recently acquired C ampo Morado
Mine in Guerrero, Mexico purchased from Nyrstar Mining are both polymetallic
deposits containing significant gold, silver, lead, zinc and co pper. Subject to
securing funding, Telson plans to recommence mining operations at Campo
Morado within 3 to 5 months while at the same time develop it's Tahuehueto
Project through the mine construction phase with an anticipated timeline to be producing at the project site in
its own mineral processing facility by the end of the first quarter of 2018 or earlier.
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: 104,149,005
Atocha Mill - Flotation Process
Taking concentrate
sample at Atocha Mill
before shipment
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