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Telson Resources Inc Sells 471 Tonnes of Tahuehueto Lead and Zinc Concentrates Processed Aug. 2017 for Cash Proceeds of US $1,584,902
(via TheNewswire) Vancouver, British Columbia / TheNewswire / Sept 26, 2017 - Telson...
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[{"type":"text","content":"Telson Resources Inc Sells 471 Tonnes of Tahuehueto Lead and Zinc Concentrates Processed Aug. 2017 for Cash Proceeds of US $1,584,902(via TheNewswire)\n\n \nVancouver, British Columbia / TheNewswire / Sept 26, 2017 - Telson Resources Inc. (\"Telson\" or the \"Company\") (TSX Venture - TSN.V) is pleased to announce that it has received final assay results and sales terms from 155.38 tonnes of lead concentrates and 316.39 tonnes of zinc concentrates (the \"Lot 2 Atocha Concentrates\") produced at the Atocha Toll Mill during August 2017 from processing of approximately 4,213 tonnes of ore mined from the Tahuehueto Project - Level 10 El Creston Zone.\n\n\n \nThe Lot 2 Atocha Concentrates were sold to Mercuria Commodities Trading S.A, de C.V. (\"Mercuria\") for total cash proceeds of US $1,584,902 pursuant to a concentrate purchase arrangement with Mercuria, as announced in a news release dated July 6, 2017, whereby Mercuria advanced US $1 million to Telson as a prepayment against the purchase of concentrates to be produced during 2017 from Telson's pre-production initiative. \n\n\n \nThe Lot 2 Atocha Concentrates are the first concentrates produced and sold from Telson's pre-production initiative started in July 2017 and the second lot of concentrates sold by the Company in 2017. Telson announced on February 23, 2017 its initial sale of concentrates produced from an industrial scale bulk sample for cash proceeds of US $1,470,499 (the Lot 1 Andes Mill Concentrates\"). These two lots of concentrate sales have produced cash proceeds totaling US $3,055,401 from mining efforts at Tahuehueto so far during 2017.\n\n\n \nAverage analytical concentrate grades and sale prices of Lot 2 Atocha Concentrates as follows;\n\n\n \n\nClick Image To View Full Size\n\n \n \nThe sale price of the above concentrates was determined by comparing the assay results obtained on behalf of the Company at the Atocha Mill processing site laboratory, the concentrate purchaser's internal assays laboratories and the independent umpire assayer, Ersa Global Mex S.A. de C.V. (\"Ersa\").\n\n \n \nAverage Metallurgical Balance for 4,213 tonnes of ore processed to produce the Lot 2 Atocha Concentrates as determined at Atocha Toll Mill laboratory;\n\n\n \n\nClick Image To View Full Size\n\n \n \n\"We have produced excellent concentrates from of our first Tahuehueto ore pre...