Telson Resources Inc. is pleased to announced that the purchasing arrangement has been met with Mercuria Commodities Trading.
The company’s press release for 6 July as confirmed, the first shipment of lead and zinc concentrates processed at the Atocha mineral processing plant had been delivered successfully.
As of 7 August, the Company has processed 1600 t of ore through the Atocha toll mill, as well as producing 66.1 dry t of lead concentrate and 94.5 dry t of zinc concentrate, which was also delivered to Mercuria. Internal assaying at the Atocha Mill laboratory confirms the metal concentrates in most cases improved upon those assayed in February 23. This was followed by the reported final results of its initial 3,500 t industrial scale bulk sample, processed at the Andes Mill, which sold for approximately US$1.47 million early this year.
Third-party independent analysis will be conducted when the concentrate is received in Mercuria Trading’s Manzanillo warehouse, to determine its final quality. A comparative assay will then determine the final sale prices, to be agreed by both the parties. The assay results will compared to the concentrate quality of the February assay.
Telson Resources Inc. is a Canadian based resource development company hoping to advance to gold, silver and base metal projects in the coming months of 2017 and early 2018. Telson's Tahuehueto Project, located in North-Western Mexico and its recently acquired Campo Morado Mine in Guerrero, Mexico purchased from Nyrstar Mining are both contain polymetallic deposits holding significant amounts of gold, silver, lead, zinc and copper. If funding is secured, Telson plans to recommence mining operations at Campo Morado within half a year while still developing the Tahuehueto Project through the construction phase with the expectation of producing at the project site by the end of the first quarter of 2018 or earlier.