Telson Mining Corp: Mine Construction & Commercial Production
Telson Mining has one mine in pre-production and under construction and a second in commercial production.
Telson Mining Corporation is a Canadian based junior resource mining company. Currently, it is developing two Mexican gold, silver and base metal mining projects. The company announced that on May 15, 2018 its Campo Morado mine in Guerrero, Mexico, had begun commercial production a full 3 months ahead of schedule. The goal there now is to increase throughput at the mill toward 2,500 tonnes per day during early 2019.
The Tahuehueto Project, in north-western Durango State, Mexico, is in pre-production at about 200 tonnes per day and utilizes a toll mill for processing. Currently under construction, the project has a timeline to be producing on site. Its own mineral processing plant can mill at least 1,000 tonnes per day near the end of Q1 2019.
Tahuehueto lies within the prolific Sierra Madre mineral belt, which hosts a series of historic and producing mines. That’s where you also find most of Mexico’s active exploration and development projects. The project lies about 100 kilometers southwest of silver mines in the Guanacevi region and about 25 kilometers north of the silver mines at Topia.
Tahuehueto consists of 28 mining concessions, grouped into five non-contiguous blocks. Totaling about 7,492 hectares, the project is in an advanced stage of development. They have a mine construction plan during 2017 and commercial production is expected for the first quarter of 2018. Telson Mining Corporation owns 100% of the project, through a 99.9% share ownership in its Mexican subsidiary company.
Campo Morado is an underground multi-metal mine. Its infrastructure, installations and equipment are able to process 2,500 tonnes of ore per day. To the end of 2014 there had been 3,036 exploration diamond drill holes, totaling 577,155 metres. They have identified at least seven mineralized zones, containing about 14.7 million tons of measured and indicated resources. These resources graded 3.76% zinc, 0.88% copper, 0.81% lead, 106 g/t Ag and 1.34 g/t Au, plus an additional 2.15 million tons of inferred mineral resources as calculated and released by Nyrstar in early 2015.
The Campo Morado Mine was commissioned and commenced operations in 2009. Nyrstar purchased Farallon Resources in a friendly takeover in 2010 for the equivalent of about C$ 410 million, thereby gaining control of Campo Morado.
Nyrstar produced up to the end of 2014, when they suspended mining operations in January 2015. Then the mine was placed on care and maintenance due to deteriorating industry conditions. Telson purchased 100% of the Campo Morado Mine in June 2017 for a negotiated purchase price of US$ 20 million.
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