(TheNewswire)
Vancouver, British Columbia / TheNewswire / October
2, 2017
Highlights:
-
- Mill clean up and refurbishment is nearing completion
- 25,000 tonnes mined and stockpiled on coarse ore patio
- 5,000 tonnes processed through crushing circuit and stockpiled on crushed ore patio
- Commercial production to re-Start at ~1,400 tonnes per day in next several weeks
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Telson Resources Inc. (" Telson " or the " Company
") (TSX Venture – TSN.V) is pleased to inform shareholders that the Campo Morado mill clean up and refurbishment is nearing
completion with underground mining operations being ramped up utilizing two jumbo drills and additional haulage trucks that have
mined and delivered approximately 25,000 tonnes to the coarse ore patio.
Ore crushing has been initiated and is progressing normally, to date accumulating a crushed ore stockpile of at
least 5,000 tonnes. The Company plans to stockpile at least 7,000 tonnes of crushed ore as well as 60,000 tonnes of coarse
ore to create more than one constant month supply of mill feed to sustain steady mineral processing operations.
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After completing mill maintenance and refurbishment where necessary during September, successful operation tests of the
mills grinding, flotation, thickening and filtration circuits have been conducted using water. Testing is continuing, verifying the
continual steady state operational capability of equipment, instrumentation plus the hermetic integrity of the process circuit.
To this point in time all equipment, instrumentation and mill circuits are working normally.
Telson is planning to initiate commercial production at an initial processing rate of approximate 1,400 tonnes
per day at Campo Morado within the next several weeks of October 2017. As processing techniques are perfected the Company plans to
slowly increase the mines production rate towards the mills capacity of 2,500 tonnes per day over the next six to twelve
months.
Please click on the following links to view videos of various operation underway at Campo
Morado
1 Trucking Mined Ore to Crusher: https://youtu.be/fNFRVHEiKgg
2 Feeding Coarse Ore to Crusher: https://youtu.be/MGf6P9hDlfI
3 Crushed Ore Stockpiling: https://youtu.be/ZTXliHV6oK0
4 Cyclone and SAG Mill Testing: https://youtu.be/L8Q3k0XA38I
5 Mill Control Centre in Operation: https://youtu.be/fC4rlrXV1m0
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 polymetallic
deposits containing significant gold, silver, lead, zinc and copper. Telson is currently mining ore at Tahuehueto at a rate of
approximately 150 tonnes per day and direct shipping to a toll mill for processing off-site. 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
Qualified Person
This press release was prepared under the supervision and review of Ralph Shearing, P.Geol., President and
Director of Telson Resources Inc., a Professional Geologist registered 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, “Forward-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
performance that is based on assumptions about future economic conditions and courses of action; the timing 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 recently acquired by the Company will be successfully installed and commissioned, 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 anticipated 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.
Contacts
Glen Sandwell, Telson Resources Inc.
Corporate Communications
ir@telsonresources.com
Tel: +1(604)684-8071
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