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Telson Resources Inc. Reports Final Sale Results from Its Industrial Scale Bulk Sample Generating Cash of Receipts of USD $1,470,449.00 Producing 201 Tonnes of Lead and 259 Tonnes of Zinc Concentrates containing 27.9 kg of Gold and 192.6 kg of Silver from Its Tahuehueto Gold/Silver/ Lead/Zinc Project
(via TheNewswire) Vancouver, British Columbia / TheNewswire / February 23, 201 7 - Tels...
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[{"type":"text","content":"Telson Resources Inc. Reports Final Sale Results from Its Industrial Scale Bulk Sample Generating Cash of Receipts of USD $1,470,449.00 Producing 201 Tonnes of Lead and 259 Tonnes of Zinc Concentrates containing 27.9 kg of Gold and 192.6 kg of Silver from Its Tahuehueto Gold/Silver/ Lead/Zinc Project(via TheNewswire)\n\n \nVancouver, British Columbia / TheNewswire / February 23, 2017 - Telson Resources Inc. (\"Telson\" or the \"Company\") (TSX Venture - TSN.V) is pleased to announce that it has finalized the sale of lead and zinc concentrates produced from its industrial scale bulk sample collected from the El Creston zone on its 100% owned Tahuehueto Project (the \"Project\") located in northern Durango State, Mexico. \n\n \n \nMercuria Commodities Trading S.A, de C.V. (\"Mercuria\") purchased all 259 tonnes of zinc concentrate as well as 97 tonnes of lead concentrate with the remaining 104 tonnes of lead concentrate being purchased by Altiplano Processing Facility located in Matehaula, Mexico where concentrate leaching tests are currently being conducted to analyse Telson's ability to recover the substantial precious metal content from the concentrate in advance of future concentrate production sales. \n\n \n \nApproximately 3,500 tonnes of ore was collected from new underground development on Level 10 on the El Creston Zone at the Tahuehueto Project. The sample was transported in conventional dump trucks to the Andes Processing Plant located at Guanacevi, Durango, Mexico, approximately 270 km by road from the project site. Processing of the bulk sample occurred between late November 2016 through early January 2017. \n\n \n \nThe total bulk sample was determined to have an average head grade of 9.5 g/t gold, 63.9 g/t silver, 3.54% lead and 6.24% zinc. \n\n \n \nSulfide flotation processing produced, \n\n \n \n-201 dry tonnes of lead concentrate with average grades of 124.4 g/t gold, 786.4 g/t silver, 40.7% lead and 24.7% zinc.\n\n\n \n-259 dry tonnes of zinc concentrate with average grades of 11.18g/t gold, 147.07g/t silver, 5.55% lead and 43.57% zinc\n\n \n \nThe sale price of the concentrate was determined through negotiation by comparing the assay results obtained on behalf of the Company at the Andes Mill processing site laboratory, the concentrate purchaser's internal assays laboratories and the independent umpire assayer...