Business
Telson Resumes Mining and Milling Operations at Campo Morado
(via TheNewswire) Vancouver, British Columbia - TheNewswire - January 28, 2019...
About this update from Luca Mining Corp
[{"type":"text","content":"Telson Resumes Mining and Milling Operations at Campo Morado(via TheNewswire)\n \n \nVancouver, British Columbia - TheNewswire - January 28, 2019 - Telson Mining Corporation (\"Telson\" or the \"Company\" (TSXV:TSN) (OTC:SOHFF) (Frankfurt:TSGN, formerly SQ82) is pleased to announce that it has resumed full scale mining and milling operations at its Campo Morado Mine as of January 26th, 2020.\n\n\n \nThe company has re-initiated milling operations at approximately 1750 tonnes per day, intending to increase throughput rate over the coming weeks towards 2000 tonnes per day or more. Underground mining operations have been underway for approximately two weeks moving mineralized material from the mine to the mill site. \n\n \n \n\"After suspending Campo Morado mining operations during August 2019 we are very pleased to be in a position to inform shareholders that improving metal prices and improved community relations have allowed us to resume full scale mining operations to re-initiate concentrate sales and cash flows\" states Antonio Berlanga, CEO, \"with the mine back in production the local community of Arcelia will once again have a major source of employment available and will benefit from the renewed economic activity.\"\n\n \n \nPrivate Placement Financing update\n\n\n \nTelson has been marketing a non-brokered private placement as disclosed in a December 27, 2019 press release (the \"Private Placement\") of up to 30,000,000 units (the \"Units\") at a price of C$0.10 per Unit for total proceeds of up to C$3.000,000 and has completed subscription agreements with certain investors for total proceeds of approximate C$1.89 million and is intending to conduct a first tranche initial closing on proceeds received by immediately filing for approval with the TSX.V exchange. The balance of the private placement offering remains open under existing securities exemptions to Accredited Investors, family, friends, and business associates of management as well as existing shareholders of the company. Qualified investors interested in participating in the remaining unsubscribe the balance of the private placement are encouraged to contact the Company.\n\n \n \nAbout Telson Mining Corporation\n\n\n \nTelson Mining Corporation is a Canadian based mining company with two 100% owned Mexican gold, silver and base metal mining projects. \n\n\n \nTe...