Telson Mining Corp. ) is pleased to announce that it has closed its non-brokered private placement financing consisting of 9,124,805 Units of the Company at a price of $0.75 per Unit for gross proceeds of $6,843,603. The financing was originally announced in a press release dated September 26, 2018 and was closed over-subscribed by 458,138 units representing an additional $343,604. Each Unit of the Private Placement [...]
Telson Mining Corp. ) is pleased to provide the following update on the progress of underground development at its Tahuehueto Mine development project. Underground development is primarily focused on accessing the strongly mineralized El Creston structure hosting multiple veins and its sub-parallel El Perdido vein structure. The company has been steadily advancing underground development to access these veins at three [...]
Telson Mining Corp. ) is pleased to announce that it has arranged a non-brokered private placement financing to raise gross proceeds of up to Cdn$6.5 million aimed at finalizing construction of its 100% owned Tahuehueto Mine. Private Placement Details Pursuant to the private placement, up to 8,666,667 Units will be issued at a price of CAD $0.75 per Unit. Each Unit will consist of one Common Share in the share capital of [...]
Telson Mining Corp. ) is pleased to provide the following corporate update. Several scheduled upgrades were recently made in the mill processing plant installations, including among others: i) changing of ball mill liners with newly designed liners that allow for the replacement of the past 5" ball that were being used, with 3” balls, which increases the life of the liners; ii) conducting a review of the primary jaw [...]
Ralph Shearing, President & Director of Telson Mining Corp. , speaks on their two Mexican precious metals projects. https://youtu.be/7x_pxYJeRwI If you cannot view the video above, please visit: https://www.b-tv.com/telson-mining-ceo-clip-90sec/ Telson Mining Corp. is being featured on CBC's Documentary Channel the weeks of Aug. 27 — Sept. 9, 2018, Monday through Friday, throughout the day and evenings. Telson Mining [...]
Telson Mining Corp. ) is pleased to present the following update for activities at its 100% owned Campo Morado mine: Total mill throughput in Q2 of 162.5kt, a 9.3% increase from Q1 11.9 kdmt of zinc concentrate in Q2. 45.1% increase from Q1 1.9 kdmt of lead concentrate in Q2. 35.7% increase from Q1 8.6 kt of zinc in the zinc concentrate. 53.6% increase from Q1 0.6 kt of lead in the lead concentrate. 100.0% increase from [...]
Telson Mining Corp. ) is pleased to announce that on June 6, 2018 it paid US$8 million to Nyrstar Mining Ltd. as a partial payment under its Share Purchase Agreement dated April 27, 2017 and has entered into a Loan Agreement dated June 13, 2018 with Nyrstar Canada Ltd that effectively converts the final US$8.5 million due under the Acquisition Agreement into a loan and thereby extends the payment terms over the next eight [...]
Telson Mining Corp. ) is pleased to announce that it has been approved for graduation from Tier 2 issuer status to Tier 1 issuer status by the TSX Venture Exchange. Telson will commence trading as a Tier 1 issuer on the TSX Venture Exchange on Tuesday May 29, 2018. Tier 1 is the premier tier on the TSX Venture Exchange and is reserved for the most advanced issuers with significant financial resources. Commenting on this [...]
Telson Mining Corp. ) By news release disseminated earlier today , Telson announced the start of commercial production at its 100% owned Campo Morado Mine located in Guerrero State, Mexico. In the Production News Release Telson stated amongst other production data: Campo Morado Production Milestones Telson generates US7.7M Cash Flow in Final Month and a Half of pre-production. We generated approximately US$7.7M in cash [...]
Telson Mining is extremely pleased to announce the start of commercial production at its 100% owned Campo Morado Mine located in Guerrero State, Mexico, with over 60 days of operational steady state production at 75% of management’s targeted mill capacity of 2,500 tonnes per day, achieving zinc recoveries and concentrate grades within management’s expectations. Telson Mining Corp. is extremely pleased to [...]
Telson Mining Corp. : Highlights: Tahuehueto Toll Milling processed 9,503 tonnes of ore during first three months 2018, “Q1”, Average Head Grade of ore milled in Q1 2018 was 5.44 g/t gold, 61.59 g/t silver, 4.54% zinc, 2.25% lead. Average payable recoveries of ore processed in Q1 2018 – 79.4% gold, 85.7% silver, 84.4% lead, 76.4% zinc. Produced 360.29 tonnes of lead concentrate and 712.71 tonnes of zinc [...]