(TheNewswire)
Vancouver, British Columbia / TheNewswire / October 10, 2017 - Highlights:
- Tahuehueto Mine Now Fully Permitted for Construction.
- Includes
- Mineral Processing Facility Construction,
- All mill site and portal access roads and related patios,
- Underground development,
- Camp construction and installation of related service building and structures,
- Construction of tailings storage facilities.
Vancouver, British Columbia / TheNewswire / October 10, 2017 - Telson Resources Inc. ("Telson" or the "Company") (TSX Venture - TSN.V) is pleased to announce that the Mexican Federal Government, Secretaria De Medio Ambiente Y Recursos Naturales has issued a permit dated October 2nd, 2017 titled "Resoluci??n en Materia de Impacto Ambiental para el: "Proyecto reactivaci??n de operaciones para la explotaci??n y beneficio de minerales Tahuehueto" en el municipio de Tepehuanes, Dgo." (the "MIA") authorizing the construction of a mineral processing facility, related mining facilities, plus infrastructure and necessary underground development, at the Company's Tahuehueto Project.
"With the granting of this MIA, Telson is now fully permitted to build its planned Tahuehueto Mine and we intend to initiate construction of the mine immediately upon securing the necessary funding. Our funding efforts are at an advanced stage having received three separate offers from off-take concentrate purchasers and negotiations are in progress to finalize the project's capital expenditure funding. While there can be no assurance that we will obtain the required funding, we are confident that we will be able to come to a satisfactory arrangement with an off-take purchaser" states Telson's CEO, Antonio Berlanga.
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 recommence
mineral processing milling operations during October 2017 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
mid-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;
success in funding activities either through off-take agreements or
equity financings, 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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