Ralph Shearing, President of Telson Resources, explains this advanced stage company’s plans for the future.
Telson is an advanced stage company. We’re able to to build a mine off of our reserves that we just recently calculated so that puts us in my opinion above a lot of companies. We have a very advanced project in Mexico. The commodities are primary gold, silver with good strong base metal component.
Our Mexican management team consists Arturo Bonias, who’s an independent director with mine build experience with Timmins gold. And then Antonio Berlanga, our CEO, has hands-on experience in Mexican mining for a long period of time.
We have both a resource estimate and a reserve estimate. The reserve was just recent calculated on the pre-feasibility study. Our resources are six million tons of measured and indicated they contain approximately 635,000 ounces of gold. We have an equivalent amount of value in our base metals so you could basically double the value of the project from that.
We also have a very strong mineralized system on our project it’s a very large epi-thermal system we control the bulk of the system around eighty percent of that mineralized district are in our concessions. We just released the pre-feasibility study and we’re pushing the mine through to production and hope to build our mine this year and have it commission towards the end of 2017.