SOHFF - Telson Initiates 3500 Tonne Tahuehueto Toll Milling Campaign
(TheNewswire)
Vancouver, British Columbia - TheNewswire - November 19, 2020 - Telson Mining Corporation (" Telson " or the" Company " ) (TSXV:TSN ) , ( OTC:SOHFF ) , ( Frankfurt-TSGN ) (formerly SQ82) is pleased to announce that it has initiated thetransport of ore from its Tahuehueto Gold Project, located in Durango,Mexico, for mineral recovery at the Atocha toll mill, as part of a3,500 tonne toll mill campaign.
To date approximately 3,000 tonnes of ore has beendelivered to the Atocha mill site and processing is scheduled tocommence within the next several days upon delivery of the finalavailable ore.
Commodities to be recovered are gold, silver, lead andzinc, within a lead bulk concentrate
During 2018 and 2019 Telson processed 11 previous tollmilling campaigns of similar size. These toll mill campaignsprocessed approximately 42,320 tonnes of ore producing approximately1,286 tonnes of lead concentrates with significant gold and silvercontent and 2,850 tonnes of zinc concentrates. Information on headgrades of ore processed and resulting grades of concentrates produced,including cash selling prices of concentrate sales from thispre-production, can be viewed in the Company's former publicdisclosure available on SEDAR or on the company's web site, www.telsonmining.com
About Telson Mining Corporation
Telson Mining Corporation is a Canadian based miningcompany with two 100% owned Mexican gold, silver and base metal miningprojects.
Telson's Tahuehueto mining project, located innorth-western Durango State, Mexico is waiting for final funding tofinish construction of the processing plant and related assets toproduce gold, silver, lead, and zinc in concentrates within its ownon-site mineral processing facility, with a designed capacity of atleast 1,000 tonnes per day. The Company is targeting completion ofconstruction during 2021, eight to twelve months after securing finalfunding.
Campo Morado is a polymetallic base metal mine withmining and milling equipment currently producing at an average ofapproximately 2,150 tonnes per day. Four months after purchasing CampoMorado, Telson brought the mine back into operation initiatingpreproduction in October 2017 and declared commercial production inMay 2018, operating the mine continuously for 22 months until August2019 when the project was put on care and maintenance as a result ofdeclining zinc prices and community issues. With improving currentconditions Telson brought the mine out of care and maintenance andreinitiated mining and milling operations during January 2020.
Visit: www.telsonmining.com
On Behalf of the Board ofDirectors
(signed) "RalphShearing"
Ralph Shearing, President, CEO andDirector
Cautionary Note Regarding ProductionDecisions and Forward-Looking Statements
It should be noted that Telsondeclared commercial production at Campo Morado prior to completing afeasibility study of mineral reserves demonstrating economic andtechnical viability. Accordingly, readers should be cautioned thatTelson's production decision has been made without a comprehensivefeasibility study of established reserves such that there is greaterrisk and uncertainty as to future economic results from the CampoMorado mine and a higher technical risk of failure than would be thecase if a feasibility study was completed and relied upon to make aproduction decision. Telson has completed a preliminary economicassessment ("PEA") mining study on the Campo Morado minethat provides a conceptual life of mine plan and a preliminaryeconomic analysis based on the previously identified mineral resources(see News Release dated November 8, 2017 and April 4,2018).
Statements contained in this newsrelease that are not historical facts are "forward-lookinginformation" or "forward-looking statements"(collectively, "Forward-Looking Information") within themeaning of applicable Canadian securities laws. Forward LookingInformation includes, but is not limited to, disclosure regarding theplanned recommencement of mining operations at Campo Morado; and otherpossible events, conditions or financial performance that are based onassumptions 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 forprocessing at its own mineral processing facility on the Tahuehuetoproject site. In certain cases, Forward-Looking Information can beidentified by the use of words and phrases such as "plans","expects", "scheduled", "estimates","forecasts", "intends", "anticipates" orvariations of such words and phrases. In preparing the Forward-LookingInformation in this news release, the Company has applied severalmaterial assumptions, including, but not limited to, that the currentexploration, development, environmental and other objectivesconcerning the Campo Morado Mine and the Tahuehueto Project can beachieved; that recommencement of operations at Campo Morado willproceed as planned; the continuity of the price of gold and othermetals, 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 differentfrom any future results, performance or achievements expressed orimplied by the Forward-Looking Information. There can be no assurancethat Forward-Looking Information will prove to be accurate, as actualresults and future events could differ materially from thoseanticipated in such statements. Accordingly, readers should not placeundue reliance on Forward-Looking Information. Except as required bylaw, the Company does not assume any obligation to release publiclyany revisions to Forward-Looking Information contained in this newsrelease to reflect events or circumstances after the date hereof or toreflect the occurrence of unanticipated events.
Neither TSX VentureExchange nor its Regulation Services Provider (as that term is definedin the policies of the TSX Venture Exchange) accepts responsibilityfor the adequacy or accuracy of this release.
For further information about TelsonMining Corporation, please contact:
Glen Sandwell
Corporate Communications Manager
ir@telsonmining.com
Tel: +1 (604) 684-8071
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