(TheNewswire)
Vancouver, British Columbia / TheNewswire / 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 mineral resource estimate for its Campo Morado property in Guerrero State, Mexico (“Campo
Morado”). This resource estimate has been prepared by Eric Titley P.Geo. of Titley Consulting Limited based in Vancouver,
British Columbia.
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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.
The data in the global resource table above is a compilation of the five individual zones shown in following
tables.
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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 producing 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 both 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 day 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 review of Eric Titley, P.Geo. a Professional Geologist
registered in British Columbia as a member of the Association of Professional Engineers and Geoscientists BC. Mr. Titley is
the independent qualified person, as defined in NI 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-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, such as production rates and increases; success of exploration,
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 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 Campo Morado Mine
and the Tahuehueto Project can be achieved, 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
For further information about Telson Resources Inc., please contact:
Glen Sandwell
Corporate Communications Manager
ir@telsonresources.com
Tel: +1 (604) 684-8071
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