Business
Telson Resources Inc. Announces the Acquisition of Mineral Processing Plant for its Tahuehueto Project
(via TheNewswire) Vancouver, British Columbia / TheNewswire / February 16, 2017 - Te...
About this update from Luca Mining Corp
[{"type":"text","content":"Telson Resources Inc. Announces the Acquisition of Mineral Processing Plant for its Tahuehueto Project(via TheNewswire)\n \n \nVancouver, British Columbia / TheNewswire / February 16, 2017 - Telson Resources Inc. (\"Telson\" or the \"Company\") (TSX Venture - TSN.V) is pleased to announce that it has completed an agreement for the acquisition of a sulfide flotation mineral processing facility, (the \"Tahuehueto Mineral Processing Plant\") \n\n \n \nThe Tahuehueto Mineral Processing Plant consists of most of the milling equipment required, once installed and operational, to process Tahuehueto ore at an estimated capacity of at least 550 tonnes per day at the Tahuehueto project. A complete list of the milling and processing equipment purchased can be viewed on the Company's website <here>.\n\n \n \nThe Tahuehueto Mineral Processing Plant is currently strategically located in storage near Gomez Palacio, Durango State, Mexico, approximately 225 km from Tepehuanes, with approximately another 120 km by road from Tepehuanes to the Tahuehueto project site.\n\n \n \nPursuant to the terms of the sale and purchase agreement (the \"Purchase Agreement\") Telson has acquired all of the Vendor's interest in the Tahuehueto Mineral Processing Plant in consideration of CDN $1,300,000 with 50% payable immediately and the balance payable upon removing the equipment from it current storage location.\n\n \n \n\n\n\nClick Image To View Full Size\n\n\n\n \n \nRefurbished Flotation Cell\n\n\n \nTelson plans to immediately start the process to relocate the equipment to a staging area closer to the Tahuehueto Project site in Tepehuanes where all equipment will be fully inspected and refurbished where necessary over the next several months. During this time site preparation and engineering work at Tahuehueto will continue in order to prepare the site to receive the Tahuehueto Mineral Processing Plant for installation. \n\n \n \nAll equipment purchased and comprising the Tahuehueto Mineral Processing Plant has been inspected by an independent mining contractor firm based out of Durango, Mexico. Equipment purchased is estimated to make up approximately 80% of the total milling equipment required to construct a fully functioning mill facility at Tahuehueto. Any equipment lacking is currently being sourced by Telson and will be added to the Tahuehueto Mi...