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Telson Resources Inc.
Summary
| Project: | Campo Morado | |
|---|---|---|
| Deposit: | Campo Morado | |
| Location: | Mexico | |
| Commodities: | Gold-Silver-Copper-Lead-Zinc | |
| Date: | 4/4/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Active Mining & Production | |
| Report details: | 4-4-2018: Telson Resources Inc. announces a PEA report for its Campo Morado deposit at the Campo Morado project. PEA results incl. post-tax NPV of US$65M (8%) and 12yr LOM . Telson Mining Corporation (Telson) requested that Titley Consulting Ltd. (TCL) an | |
| Resources: | (Resource, M+I): 16.72Mt @ 1.79g/t Au, 165g/t Ag, 0.81% Cu, 0.93% Pb, 4.0% Zn at project | |
| CP/QP: | [Resources]: Eric Titley (Titley Consulting Ltd.) | |
| ABSTRACT: | Telson Mining Corporation (Telson) requested that Titley Consulting Ltd. (TCL) and Micon International Limited (Micon) prepare an independent technical report (the Report) on a Preliminary Economic Assessment (PEA) in compliance with the requirements of National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101) and Form 43– 101F1 Technical Report on the Campo Morado Project (Campo Morado or the Project), located in Guerrero State in Mexico. The Campo Morado Project hosts several polymetallic massive sulphide deposits containing zinc, copper, silver, gold and lead mineralization. Five deposits have been extensively drilled: G9, El Largo, Reforma, Naranjo and El Rey. The Project is comprised of a previously mined underground multi-metal mine with infrastructure, installations and equipment capable of processing 2,500 tonnes of material per day. Farallon Resources Ltd. (Farallon) began mining operations at the G9 Mine at Campo Morado in April 2009. Nyrstar NV (Nyrstar) purchased Farallon and the Campo Morado Mine in December 2010 and continued mining operations at G9 mine with some production from the El Largo deposit until production was suspended in January 2015 and the mine was placed on care and maintenance. Telson Mining Corporation purchased the Campo Morado Mine from Nyrstar Mining Ltd. and Nyrstar Mexico Resources Corp. in June 2017 and restarted mining operations under a preproduction plan and initiated production of zinc concentrates in October 2017. Telson intends to advance preproduction towards full commercial production during 2018. | |
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