Telson Mining
TSXV:TSN
Building Mexico’s Next Premier Gold Mines
Building Mexico’s Next Premier Gold Mines
Telson Mining Corporation (TSXV:TSN, OTCBB:SOHFF) holds two properties in premier mining locations within Mexico, Tahuehueto and Campo Morado. Both of Telson’s properties have significant historical exploration results and one was last in production between 2009 and 2014. Telson expects both properties to have further exploration and production opportunities beyond what is currently identified.
Telson’s Tahuehueto project was acquired by the company in 1997. The majority of exploration activities were performed between 2005 and 2008 and the company is now in position to carry the property to production. In anticipation of this, Telson collected and processed a 3,500 tonne initial bulk sample in early 2017, which enabled the sale of 259 dry tonnes of zinc concentrate and 201 tonnes of lead concentrate for US$1.47 million. The success of this initial bulk sample allowed the company to initiate preproduction mining with toll milling at an off-site processing plant.
Telson purchased the Campo Morado polymetallic mine in April 2017 for US$20 million and commenced commercial production in May 2018. Within 2018, the mill processed 585,601 tonnes of mineralized material with an average grade of 4.26 percent zinc, 0.37 percent copper, 1.10 percent lead, 1.02 g/t gold and 118 g/t silver. By the end of the year, the mill was processing over 1,800 tonnes per day and achieved maximum daily rates of over 2,200 tonnes per day. Telson sold approximately 36.26 million pounds of zinc, 4.03 million pounds of lead, 373,333 pounds of copper, 2,870 ounces of gold and 622,309 ounces of silver from the mine. The company’s estimated all-in operating costs were US$32.46 million.
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