TELSON ANNOUNCES CAMPO MORADO MINE 2017 STARTUP OPERATIONAL RESULTS OF 2.4 MONTHS OF DEVELOPMENT, PREPRODUCTION AND INITIAL CONCENTRATE SALES

TSN_NR_178_Feb12_2018

Vancouver, British Columbia, February 12th, 2018

Highlights:

  • Mill processed 106,655 tonnes of mineralized development material over 71 operational days averaging 1,502 tonnes per day reaching 96% operational efficiency 24×7.
  • Produced 5,021 tonnes of zinc concentrate averaging 44% zinc. 1.04 g/tonne Au and 502 g/tonne Ag
  • Shipped for sale approximately 4,530 tonnes zinc and 578 tonnes of lead concentrate representing approximately 73% of total 2017 concentrate production to Trafigura, Manzanillo warehouse.
  • Preliminary payment totaling approximately USD $4.8 million received by Telson for shipped concentrates equating to approximately 90% of final estimated sale price.

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