VANCOUVER, BC, CANADA / TheNewswire / October 04, 2016 – Telson Resources Inc. (TSX Venture – TSN.V) (“Telson” or the “Company”) announces that it completed the collection of its 2,000 tonne industrial scale bulk sample from the El Creston zone on its Tahuehueto Project during the last week of September 2016. The bulk sample is in the process of being shipped to the Andes Mill where processing is scheduled to commence within the next week in order to produce saleable lead and zinc concentrates. Based upon previous metallurgical testing conducted in 2010, (please see news release issued by the Company dated April 20, 2010) the Company anticipates the significant gold content contained within the mineralization of the bulk sample to report to and be recovered within, the lead concentrate.
During the collection of this large bulk sample the company has demonstrated that the selective mining method utilized for collection of the bulk sample and planned for future mining operations, is viable and has demonstrated that standard and reasonable underground mining costs are obtainable. Further, the bulk sample collection has verified the competency of the host rock, providing excellent ground support for safe mining operations.
Jose Antonio Berlanga, Telson's CEO stated "We are very satisfied with the ore quality obtained in the 2,000 tonne bulk sample based upon the Company’s internal check assaying of head grades and are very excited to soon commence the projects first industrial scale flotation recovery tests at the Andes Mill to produce the projects first concentrate test sales.”
During the collection of the bulk sample an independent member of the engineering firm Metal Mining Consultants Inc. attended the project site to verify the bulk sample collection procedures and collected a number of head grade and loader bucket samples of material from the bulk sample for check assays. The Company will disclose results of these samples when available.
Metal Mining Consultants Inc. is a full?service independent mining engineering firm, specializing in all aspects of exploration, mine development, and mine operations and is in the final stages of preparing a Pre-Feasibility Study (“PFS”) for a 500 tonne per day underground mining operation on the Tahuehueto Project. Telson hopes to deliver the results of this PFS during October 2016.
About Telson Resources
Telson Resources Inc. is a Canadian based resource company focused on the development of its advanced stage Tahuehueto gold?silver project in northwestern Durango State, Mexico. The 7,492-hectare property consists of 28 mining concessions covering at least 12 mineralized zones hosted within a structurally controlled epithermal system that has been traced for more than 6 km. Tahuehueto lies within the prolific Sierra Madre Mineral Belt, which hosts a series of historic and producing mines and most of Mexico’s active exploration and development projects. Some of these mining operations near to Tahuehueto are noted as follows; Fresnillo gold mine La Cienega – 49 km southeast, Great Panther’s Topia silver mine – 25 km south, Chesapeake gold project Metates – 60 km southeast, Basis silver mine – 122 km southeast, Primero’s historic Tayoltita gold mine – 160 km southeast, and Endeavour silver mine in Guanacevi – 88 km northeast.
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
ON BEHALF OF THE BOARD OF DIRECTORS
(signed) “Ralph Shearing”
Ralph Shearing, President
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this news release.
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. 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 the timing of receipt of the PFS. 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; 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.
Renmark Financial Communications Inc.
Barry Mire: [email protected]
Tel: (416) 644-2020 or (514) 939-3989
Glen Sandwell, Telson Resources' Communication Manager
Tel: +1 (604) 684-8071